The Offline Utility of GSTR-9C Reconciliation Statement for the Financial Year 2019-20 is now available on GST Portal. The excel based GSTR-9C offline utility is designed to help the taxpayer to prepare the GSTR-9C return offline.
It may be pertinent to note that the Finance Ministry via its press release dated 30th December 2020, has extended the due dates for GST Annual Return for F.Y. 2019-20 to 28.02.2021 from the previous due date of 31.12.2020.(Notified via Notification No. 95/2020 dated 30/12/2020).
In order to generate GSTR-9C offline utility go to Downloads, click on Offline Tools then click on GSTR-9C Offline Tool and click download.
The CBIC has notified that GST Annual Return is voluntary if turnover is less than Rs.2 crores for F.Y. 2019-20 as well vide Notification No. 77/2020 dated 15/10/2020.
It may be pertinent to note that the said exemption was made available to taxpayers for F.Y. 2017-18 and F.Y. 2018-19 and now has been extended to F.Y. 2019-20.
Also, vide Notification No. 79/2020 dated 15/10/2020, the CBIC has notified that every registered person whose aggregate turnover exceeds five crore rupees shall get his accounts audited as specified under sub-section (5) of section 35 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C for the said financial year.
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