Annual Return for turnover below 1.5 cr.

I have turnover below 1.5 crore in FY 2017-18 and 2018-19. Do i need to file annual return?
Somewhere i heard that it is optional to file annual return for turnover below 1.5 crore. My business place is UP. So is it true? any notification in this regard?
Replies (6)
Quick Summary
For businesses with a turnover below ₹1.5 crore in FY 2017-18 and 2018-19, filing an annual return is optional. This is confirmed by Notification No. 47/2019 (CT) dated 09/10/2019, which states that dealers with turnover below ₹2 crore have the choice to file. While optional, it is advisable to file to declare accurate input and output tax details and rectify any discrepancies from previous periods.

So is it true?

- Yes... It's optional to less than 2cr turn over dealers. As per Your turn over it's optional...


any notification in this regard?

- Yes... We had. Refer notification no 47/2019 (CT) Dt: 09/10/2019...
Below 2 crore we have to file annual return or not
Are You read above said reply...?!

If not read.... I give you once again (please read some related queries).


As per Your query...

👉NOT....

As per Your query...

👉NOT....

IT'S OPTIONAL...

FILING OR NOT BASED TAXPAYER'S OWN DECISIONS....

Thank you

It is better to file since it is the last opportunity for you to declare your correct input and output and also if any output was declared in 2018-19 pertaining to 2017-18. same is for input. 

Better to file it from all respects in my opinion.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details