Last date for filing annual GST returns for FY20 extended to March 31.

The Finance Ministry has extended the last date for filing annual GST (Goods & Services Tax) returns for FY20 to March 31,2021. Earlier, the due date was December 31. There have been demands to extend the date for two reasons: first, the pandemic and second, the due date for annual returns for FY19 is December 31. There are two annual re. turns GSTR 9 and 9C. GSTR-9 is the annual return to be filed by every GST registered taxpayer irrespective of their turnover. GSTR-9C is the reconciliation statement to be submitted by those GST registered taxpayers to whom GST audit applies, that is those taxpayers whose turnover exceeds 2 crore.