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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Annual return
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I think no such announces by Govt yet..
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.
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.
For FY 2018-19, the threshold limit had been increased to 5 crores.
@ 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.
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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