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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

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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

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...!!!") (127138 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...

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?

Harshit Gupta (66 Points)
Replied 21 September 2019

No need of MSME certificate or registration

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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.