Annual return

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Student CA Final
31 Points Posted on 22 July 2020
what is threshold limit for filling annual return for FY 2019-20. If possible give reference of notification/section confirming the limit.

Thanks in advance!!!
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On 22 July 2020 at 23:14 Report
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Quick Summary
This discussion clarifies the threshold for filing the Annual Return (Form GSTR-9) for the Financial Year 2019-20. As of the discussion, no specific exemption or threshold limit has been announced by the government for this period. Unlike previous years where a threshold of Rs. 2 crore or Rs. 5 crore applied for mandatory filing or GSTR-9C, taxpayers are currently expected to file the Annual Return regardless of turnover for FY 2019-20.

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Practice
3235 Points Posted on 22 July 2020
I think no such announces by Govt yet..
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On 22 July 2020 at 23:49
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Student
23693 Points Posted on 22 July 2020
For FY 2019-20, No such exemption is provided for filing Annual Return ( FORM GSTR-9 ) till now. For FY 2017-18 & FY 2018-19, it was made MANDATORY only for those taxpayers whose Aggregate Turnover exceeds Rs. 2 crores.

Hence Annual Return under Section 44 of the CGST Act 2017 needs to be filed by every Registered Taxpayer for FY 2019-2020 as of now.
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On 22 July 2020 at 23:51
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Practising CA
8954 Points Posted on 23 July 2020
For FY 2018-19, the threshold limit had been increased to 5 crores.
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On 23 July 2020 at 00:59
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Student
23693 Points Posted on 23 July 2020
@ Raj C Doshi Sir,

Reconciliation Statement and Audit Report ( FORM GSTR-9C) was made Mandatory only for those Taxpayers whose Aggregate Turnover exceeds Rs. 5 crores for FY 2018-19 vide Notification No. 16/2020 - Central Tax, dated 23rd March 2020.

But the query is regarding applicability of Annual Return ( FORM GSTR-9 ) for FY 2019-20. As of now, no notification have been issued from the Government side regarding this matter.
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On 23 July 2020 at 01:13

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