The GSTR9C offline utility has been upgraded from Version 1.6 to Version 1.7 and the upgraded version has been made available on the portal which can be accessed here.
The stakeholders are requested to take a note of the upgrade and requested to make sure to update in the latest version tool.
Additionaly, an advisory was issued in respect of Annual Return (GSTR-9), which is as follows:
The taxpayers are advised to ensure that values are reported upto two decimal places in the GSTR-9 offline utility. The error “Error! Invalid Summary payload” after uploading the JSON created from the Offline Utility of GSTR-9 is reported due to reporting values upto three decimal places instead of two decimals.
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.
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 also 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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