GST9C Audit is Mandatory or not

This query is : Resolved

ARCHANA (Querist)
Follow

30 September 2021 Sir/Mam,

GST9C Annual Return FY 20-21 Audit is mandatory or not, if mandatory how much turnover we have to audit. what is self certification ?

Plz clarify my doubts

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

30 September 2021 Mandatory if annual turnover > Rs. 5 crores

ARCHANA

ARCHANA (Querist)
Follow

30 September 2021 Thank you sir for your quick reply ,

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
Follow

01 October 2021 For turnover upto ₹5 cr, gstr9c is not mandatory. For turnover over ₹5cr, self certification of gstr9c is required to be done. No audit is required to be done by an external CMA/CA in any case w.e.f. fy 20-21.

ARCHANA

ARCHANA (Querist)
Follow

01 October 2021 Thank you mam for your reply, what is self certification kindly explain.

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
Follow

01 October 2021 Self certification means the tax payer can herself/himself/itself certify instead of audit by an external professional.

ARCHANA

ARCHANA (Querist)
Follow

01 October 2021 Thank you mam for clarification

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

02 October 2021 I stand corrected.
Inference - Clause 101 of Finance bill 101 through which the mandatory requirement per section 35(5) of CGST Act 2017 is omitted.

Message likes : 1 times