Good Morning My name is Fahim shaikh i have a family business of Cloth Printing and my last year turnover was below 1cr so for me gstr 9 filing is compulsory or optional
kindly help me out
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Quick Summary
This discussion clarifies whether GSTR 9 filing is compulsory for businesses with a turnover below 1 crore. For Financial Years 2017-18 and 2018-19, GSTR 9 filing is optional for businesses with a turnover under 2 crore. While not mandatory, it can be used to rectify errors in previous GST returns, such as underpaid tax in GSTR3B, if needed.
Filing of GSTR 9 is not Compulsory for F.Y 2017-18 and F.Y 2018-19, if your Turnover is less than 2 Crores for that Year....It's optional
If you have any mistakes in your GST return like less tax paid in GSTR3B ect.. than you can rectify that though GSTR 9 .. otherwise not required to file if turnover below 2 Cr.