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Gst 9 & 9C limit for FY 18-19

09 April 2020

Hello,
please give me clarification about turnover limit for Gst 9 & 9C
because new notifications 16/2020 in that they say that turnover above 5 cr should filed Gst 9C
so what is the limit for GST 9 (Compulsory)
if possible Give me a reference with notification Number.

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6 Replies

RAJA P M ("Do the Right Thing...!!!") (127179 Points)
Replied 09 April 2020

For GSTR 9 return less than 2cr is optional...

Akshay Kale (131 Points)
Replied 09 April 2020

Sir can you give me a notification number

RAJA P M ("Do the Right Thing...!!!") (127179 Points)
Replied 09 April 2020

Refer Notification no 47/2019 CT Date : 09/10/19

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Shivam RC (Student) (23683 Points)
Replied 09 April 2020

The due date for filing Annual Return in FORM GSTR -9 and Reconciliation Statement and Audit Report in FORM GSTR -9C for FY 2018-19 has been extended to 30.06.2020.

In the 39th GST Council Meeting, it was decided to give relaxation with respect to FORM GSTR -9C for the SME Sector.

A new Proviso was inserted to Rule 80 clause (3) of the CGST Rules 2017 vide Notification No. 16/2020 - Central Tax, dated 23.03.2020 which states that Reconciliation Statement and Audit Report i.e. FORM GSTR -9C for FY 2018-19 is required to be filed only by those taxpayers whose Aggregate Turnover "exceeds Rs. 5 crore."

FORM GSTR -9 for FY 2017-18 and FY 2018-19 has become "OPTIONAL'' for taxpayers having Aggregate Turnover upto Rs. 2 crore.

(Guest)

The due date for filing GSTR-9 and GSTR-9C for FY 18-19 has been further extended to 31st December 2020.

It may be noted that filing of Annual Return (FORM GSTR-9/ GSTR-9A) for 2018-19 is optional for taxpayers who had aggregate turnover below Rs. 2 Crore.

The filing of reconciliation Statement in FORM 9C for 2018-19 is also optional for the taxpayers having aggregate turnover up to Rs. 5 Crore.

Read the official announcement by CBIC here: https://www.caclubindia.com/news/cbic-extends-the-due-date-for-filing-gstr-9-gstr-9c-for-fy-2018-19-to-31st-dec-20-18646.asp