GSTR9 and GSTR9C

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This discussion clarifies the requirements for filing GSTR9 and GSTR9C annual returns. It explains that for the financial year 2017-18 and 2018-19, businesses with an aggregate turnover below Rs 2 crores are exempt from filing. The turnover is consistently calculated before taxes, including VAT and GST collected.

R S Sai Kumar

R S Sai Kumar (Querist)
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25 January 2020 The turnover of a company for the financial year ended 31-03-2018 is as under:-
Excluding Taxes
VAT sales 33.26,000
GST Sales 1,70,92,000
Total Sales 2,04,18,000
Taxes collected
VAT 1,66,000
GST 13,02,000
Total 14,68,000
Please let me know whether I have to file GSTR 9 or not.

Sai

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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25 January 2020 No, since GST turnover < 2 cr.

R S Sai Kumar

R S Sai Kumar (Querist)
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25 January 2020 Thank you Sir, does it mean that the turnover means excluding taxes collected?

Akash Monwani

Akash Monwani (Expert)
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25 January 2020 The GST Council in its 37th meeting held on 20th September 2019. Filing of Annual Return (in Form GSTR 9) for the FY 2017-18 and 2018-19 made optional for regular taxpayers having aggregate turnover upto Rs 2 crores.

Akash Monwani

Akash Monwani (Expert)
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25 January 2020 Turnover is always Calculated Before Taxes i.e. VAT & GST

R S Sai Kumar

R S Sai Kumar (Querist)
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25 January 2020 Thank you sir for the enlightenment

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