Annual returns GST

Sirs,

Is it mandatory to file annual returns
from 2017-18 onwards if my turn over
below 20 lakhs a year ?
Andrews from Cochin, Kerala
Replies (3)
Quick Summary
This discussion clarifies the mandatory filing requirements for GST annual returns for businesses with an annual turnover below £20 lakhs. According to recent notifications, filing for the financial years 2017-18, 2018-19, 2019-20, and 2020-21 has been made optional for businesses with turnovers below £2 crore. Therefore, if your turnover is below £20 lakhs, you are not required to file annual returns for these periods.

1) Vide Notification  47/2019 dated 9/10/2019  Annual  Return  for 2017-18 and 2018-19  , filing is Optional  for turnover below 2 crore  .

2) vide  Notification 77/2020  dated 15/10/2020 Annual  Return for 2019-20  also optional  below 2 crore .

3)  Notification 31/2021  dated 30/7/2021   For F,Y 2020-21  up to 2 crore exempt

Refer above Notification ....

Thanks Mr. Prasad

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