Summary:
Nationally, close to 1.15 crore businessmen need to file GSTR-9 (annual return for regular dealers) or GSTR-9A (annual return for dealers under composition scheme) by December 31. “Filing annual return will take time as this is the last chance to remove anomalies in monthly returns. They feel that the deadline of December 31, for the filing of annual return of GST needs to be extended. Deadline for annual returns and provisions of Tax Deduction at Source (TDS) under Goods and Services Tax (GST) are some of the issues, experts feel will escalate in near future if they are not solved at the earliest. The government has extended the deadline for buyers to file returns but the deadline for filing of returns by suppliers has not been extended leading to blocking of capital, said Nitesh Jain, a chartered accountant..