GST LIVE Certification Course - 43rd Weekdays Batch(Without Govt Certificate)
Data to be Organised Before GST Audit makes GST Audit Most Effective
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Certification Course on GSTR-3B and GSTR-2B Reconciliation using AI Tools
Certification Course on GSTR-9 & GSTR-9C with AI Tools
Certification Course on GST Appellate Tribunal (GSTAT) Procedures
The exemption limit for Annual Return varies depending on the type of entity and the Act governing it.
Here are some common exemption limits: - Under the Companies Act, 2013: -
Small companies (turnover < ₹2 cr): exempt from filing annual return (Form MGT-7) - Private companies (turnover < ₹100 cr): can file a simplified annual return (Form MGT-7A) - Under the Income-tax Act, 1961:
- Individuals (income < ₹2.5 lakh): exempt from filing income tax return (ITR) -
Hindu Undivided Families (HUFs) and Association of Persons (AOPs) (income < ₹2.5 lakh): exempt from filing ITR -
Under the Goods and Services Tax (GST) Act: - Taxpayers with turnover < ₹2 cr: exempt from filing annual return (Form GSTR-9) -
Taxpayers with turnover < ₹5 cr: can file a simplified annual return (Form GSTR-9A)
Please note that these exemption limits are subject to change, and additional conditions may apply.
Your are not logged in . Please login to post replies Click here to Login / Register
More recent discussions | Post
India's largest network for finance professionals
Alternatively, you can log in using: