Annual Returns
Pawan Gupta (401 Points)
21 September 2019
Do we have to file the annual returns of 17-18 if turnover is below 2cr
7 Replies
Atthar raza
(15 Points)
Replied 21 September 2019
Statutory Audit (Section 35(5) & Rule 80(3)):
Every registered person whose aggregate turnover during a financial year exceeds 2 Crores rupees shall get his accounts audited by a chartered accountant or a cost accountant
Every registered person whose aggregate turnover during a financial year exceeds 2 Crores rupees shall get his accounts audited by a chartered accountant or a cost accountant
Harshit Gupta
(66 Points)
Replied 21 September 2019
As per recent council meeting decision, it has been made optional. Wait for the notification to bring this into effect.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 21 September 2019
@ Pawan Gupta.,
If less than 2cr then it's optional as per latest GST Council meeting.
Wait on further notifications...
If less than 2cr then it's optional as per latest GST Council meeting.
Wait on further notifications...
Amish
(General)
(340 Points)
Replied 21 September 2019
The press release says that GSTR9 optional for MSME with turn over < 2 cr .... do we need to have MSME certificate? OR do we need to be registered under MSME?
Ravi kumar
(178 Points)
Replied 22 September 2019
No need to file Annual return for 2017-18 as per 37th GST council outcome.
Shivam RC
(Student)
(23683 Points)
Replied 22 September 2019
It is "OPTIONAL" now...
As per Press Release dated 20.09.2019 of the 37th GST Council Meeting held at Goa :
1). Composition Scheme Dealers ( SECTION 10 of the CGST Act 2017 ) are not required to file Annual Return ( FORM GSTR-9A ) for the FY 2017-18 and 2018-19.
2). For Regular Scheme Small Taxpayers ( i.e. whose Aggregate Turnover is upto Rs. 2 crore ), the compliance of filing ANNUAL RETURN ( FORM GSTR-9 ) has been made "OPTIONAL" for the FY 2017-18 and 2018-19.
However there is no change in GSTR-9C ( Reconciliation Statement and Audit Report ).
The Due Date to file GSTR-9, GSTR-9C is 30.11.2019.
Warm Regards.
As per Press Release dated 20.09.2019 of the 37th GST Council Meeting held at Goa :
1). Composition Scheme Dealers ( SECTION 10 of the CGST Act 2017 ) are not required to file Annual Return ( FORM GSTR-9A ) for the FY 2017-18 and 2018-19.
2). For Regular Scheme Small Taxpayers ( i.e. whose Aggregate Turnover is upto Rs. 2 crore ), the compliance of filing ANNUAL RETURN ( FORM GSTR-9 ) has been made "OPTIONAL" for the FY 2017-18 and 2018-19.
However there is no change in GSTR-9C ( Reconciliation Statement and Audit Report ).
The Due Date to file GSTR-9, GSTR-9C is 30.11.2019.
Warm Regards.
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