Annual Return obligation


This query is : Resolved 

Quick Summary
If your business has a Goods and Services Tax Identification Number (GSTIN), you might be wondering about the annual return obligation. Fortunately, if your annual turnover is less than £2 crore, filing the GST annual return is optional. This also applies to businesses registered late in the financial year with minimal outward supplies.

24 June 2022 Does everybody having GSTIN should file annual return? Is there any turnover slab? If some body got registration in February or March last year with negligible outward supply, does he require to file GST Annual return?

24 June 2022 If your turnover is less than 2 crores then filing of annual return is optional

24 June 2022 Thank you so much sir.


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