Business

Chamber appeals for extension of date for filing of GST returns

Written by PaperDabba

Tamilnadu Chamber of Commerce and Industry has requested the Union Finance Ministry and the GST Council to extend the last date for filing of GST annual return Form 9 by three months to March 31, 2019.

The due date for filing GST annual return Form 9 along with reconciliation statement is December 31. “Due to various hurdles faced in the uploading process, tax payers and professionals spend more time resolving and reloading the returns. Further, registration of HSN-wise declaration of inward and outward supply of goods has been a huge hassle for the tax payers,” said S Rethinavelu, Senior President of TN Chamber.

He explained that HSN code for inward supplies was not required for GSTR-3B returns. But the same had to be mentioned in the annual return.

“As such, tax payers will have to scrutinise all their past purchases and monthly past returns to fill up the particulars in the annual return. For those engaged in small business/trade, the process is found to be more strenuous and time consuming as they do not have the expertise to review all past purchases. With due dates for filing GSTR-3B extended for different months, compliance on payment of interest and late fee has become cumbersome,” he said.

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