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Annual return 2017-18

17 October 2020

Can voluntary annual retrn for the F.Y 2017-18 be filed if turnover below 2 crores without any penaltyin the current F.y 20-21

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 17 October 2020

No...
If You will be file annual return then late fee is applicable as per due date.

subham agarwal (nul) (121 Points)
Replied 17 October 2020

GST Annual Return voluntary if Turnover is less than Rs 2 crores: CBIC notifies
Seeks to make filing of annual return under section 44 (1) of CGST Act for F.Y. 2017-18 and 2018-19 optional for small taxpayers whose aggregate turnover is less than Rs 2 crores and who have not filed the said return before the due date | Notification No. 47/2019-Central Tax Dated : 9th October, 2019

Government of India
Ministry of Finance
Department of Revenue
Central Board of Indirect Taxes and Customs

Notification No. 47/2019 – Central Tax
New Delhi, the 9th October, 2019

G.S.R……. (E).— In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the recommendations of the Council, hereby notifies those registered persons whose aggregate turnover in a financial year does not exceed two crore rupees and who have not furnished the annual return under sub-section (1) of section 44 of the said Act read with ll be deemed to be furnished on the due date if it has not been furnished before the due date.

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 17 October 2020

Originally posted by : RAJA P M
	No...If You will be file annual return then late fee is applicable as per due date.

Yeah...

Annual return is optional if T/O is less than the ceiling limit. As per this not required annual return.

In case Taxpayer want to file voluntarily then They will be file on or before Due Date. If he will file after the due date then Late fee applicable...

ayusmita (Tax consultant) (5890 Points)
Replied 17 October 2020

What Raja sir says is true partical experience se bolrahihun if he filed after due date then late fees is there

Shivam RC (Student) (23683 Points)
Replied 17 October 2020

You cannot file your GSTR-9 now Sir. The due date to file Annual Return ( FORM GSTR-9 ) for the FY 2017-18 was 31st January 2019 which was further extended to 5th Feb, 7th Feb and 9th Feb for different group of states. So the due date is over now. Any Return filed after the specified due dates attract Late Fees, Penalty, Interest etc.

Corresponding to Notification No. 47/2019 - Central Tax, dated 09th October 2019, a Circular i.e. Circular No. 124/43/2019 - GST, dated 18th November 2019 was issued to clarify this Notification. It was clarified that if a small taxpayer ( Aggregate Turnover upto Rs. 2 crores ) does not files the Annual Return within the due date, then it shall be "deemed to be filed" on the due date on the basis of information furnished in your GSTR-1 & GSTR-3B.

EXTRACT FROM THE CIRCULAR : It was clearly written in Point (b) of Paragraph 2 of the said Circular that - "After the due date of
furnishing the Annual Return for the year 2017-18 and 2018-19, the common portal shall
not permit furnishing of FORM GSTR-9 for the said period."

Regards.