GSTR ANNUAL RETURN 21-22

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This discussion clarifies the compulsory filing of GSTR 9 and GSTR 9C for cooperative credit societies with a turnover exceeding Rs 11 crore for FY 21-22, even if only Rs 50 lakhs is taxable. It also highlights that cooperative housing societies or RWAs exceeding Rs 20 lakhs in annual turnover are liable for GST registration and must file periodic GST returns.

MAKARAND DAMLE

MAKARAND DAMLE (Querist)
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19 August 2023 A cooperative credit society has turnover of Rs.11 cr for FY 21-22
Out of above Taxable turnover subject to GST is Rs.50 lakhs

Is it compulsory for them to filer GSTR 9 & GSTR 9C ?

RAJA P M

RAJA P M (Expert)
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19 August 2023 Yes, GSTR 9 and GSTR 9C compulsory.

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)
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20 August 2023 A Co-operative Housing Society or Residential Welfare Association who’s Turnover (collection money) crosses Rs 20 Lakhs per annum would become liable for Registration under GST and should charge GST (CGST + SGST) from its members. Such society would be required to maintain books of accounts as required under GST and file periodic GST returns as well. Such record maintenance and return filing will in turn inflate the maintenance bill by the amount that the society may pay to hire a GST consultant/practitioner.

RAJA P M

RAJA P M (Expert)
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20 August 2023 @Mr Asha Kanta Sharma, Please read the query and reply as per query... Also please check others reply. If You found any mistakes then come and clear the query... Please keep 🙏🙏🙏🙏🙏

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Aashok Kumar Sharma online

Aashok Kumar Sharma

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21 January 2024 Sure Raja PM Ji, Thank you so much for the Feedback...Take care

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