GST9C Audit is Mandatory or not
This query is : Resolved
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
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
30 September 2021
Mandatory if annual turnover > Rs. 5 crores
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.
01 October 2021
Thank you mam for your reply, what is self certification kindly explain.
01 October 2021
Self certification means the tax payer can herself/himself/itself certify instead of audit by an external professional.
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.
Inference - Clause 101 of Finance bill 101 through which the mandatory requirement per section 35(5) of CGST Act 2017 is omitted.
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