New Delhi, Jan 2 (KNN) The Central Board of Indirect Taxes and Customs (CBIC) has notified new annual GST return forms, which are required to be filed by businesses registered under the Goods and Services Tax regime by June 30, 2019.

The CBIC on December 31, 2018, notified form GSTR-9, GSTR-9A and GSTR-9C.

In the annual return forms, businesses have to provide consolidated details of sales, purchases and input tax credit (ITC) benefits accrued to them during the 2017-18 fiscal.

The notification comes in wake of several objections raised by trade and industry bodies on the GST annual return filing forms, which were earlier notified in September last year.

The GST council in its recent meeting on December 22, 2018, decided to extend the due date further to June 30, 2019.

Also, government has waived late fees for non-filers of summary and final sales returns for the July 2017-September 2018 period by businesses registered under the goods and services tax (GST).

However, these businesses would have to file their returns for the 15-month period by March 31, 2019, the Central Board of Indirect Taxes and Customs (CBIC) said.

CBIC has notified waiver of late fees for non-filing of GSTR-3B, GSTR-1 and GSTR-4 and non-payment of taxes between July 2017 and September 2018.

The CBIC said “the amount of late fee payable under Section 47 of the said (CGST) Act shall stand waived for the registered persons who failed to furnish the return” in form GSTR-3B GSTR-1, for the months between July 2017 and September 2018, by the due date but furnishes the said return between the period from December 22, 2018 to March 31, 2019.”

The fee for late filing of the returns is Rs 25 per day for Central GST (CGST) and an equal amount under State GST (SGST). While those businesses who have to file returns but have ‘nil’ tax liability would have to pay a fine of Rs 10 under CGST law, and an equal amount under SGST law.