Time limit for filing annual return in GST and judgment of the Supreme Court

- Sales tax: Soham Mashruwala

Under the GST Act, amendments are made from time to time. We are all aware that GST portals are very hesitant and yet the government is asking for interest and late fees if any work is delayed. Today's article discusses the various notifications issued by the government on July 30, 2021 and the Supreme Court's order extending the time limit.

GST audit

By the financial year 2018-20, when a supplier's aggregate turnover exceeds the prescribed limit, such supplier would have to be audited by a chartered accountant or cost accountant in addition to the annual return and submit a signed report to GSTR9C. From now on, from the financial year 2020-21, a supplier whose aggregate annual turnover is more than Rs. This amendment will come into effect from the date 1.2.2031 in respect of notification no. 5/2021 Central Tax Date 20.2.31 has been declared.

Annual roll

Notification no. As on 31/2021 Central Tax Date 30.7.2021, the turnover of the supplier (Aggregate Annual Turnover) is Rs. It is not mandatory for him to fill up an annual return for the financial year 2020-21. Notification no. 30/2071 Central tax as on 30.09.2021 which has a turnover of Rs. More than Rs 5 crore but Rs. If it is less than Rs 5 crore, it is mandatory for him to fill up the annual form GSTR 9. Such supplier will not have to pay GSTR9C. The supplier's turnover is Rs. All suppliers over Rs 3 crore will have to automatically fill in the reconciliation statement in GSTR 9C. Thus, GSTR 9C has not been paid, only the supplier has to pay. In addition the composition supplier has to fill in the annual form GSTR9A. The last date for filing GSTR9 and GSTR 9C is 31st December 2021 for the financial year 2020-21.

Order and Circular of the Supreme Court

The Supreme Court granted a very lenient judgment extending the time limit for judicial and quasi-judicial proceedings. In this regard, the GST Policy Wing dated. Circular No. 12/15/2021-GST has been issued on 30-9-2021 and many clarifications have been made. Respect for Covid's second wave. Dated by the Supreme Court. Ordered on 2-9-2021 and his previous date. Restored the order of 7-9-20 and extended the time for any time limit of any law to be for judicial and quasi-judicial proceedings. Until the second order is issued, the department circular states that the department officer will be able to continue the process of disposal of refund application, registration number restoration application, order on demand notice etc. and the opportunity to hear and dispose of pending appeal. Will have to give. Thus, the conclusion of the clarification is that the judgment of the Hon'ble Supreme Court against the Joint or Additional Commissioner (Appeal), Commissioner (Appeal), Advance Ruling. The judgment of the High Court shall not apply to the procedure for filing an appeal before a tribunal or various courts or to the proceedings for reconsideration or correction of an order and other proceedings under the GST Act.