if any firm have turnover is 98 lakhs of FY 2017-18. Person filed Income tax return along with tax audit report. Now in GST person filed which return GSTR-9 or GSTR-9C ?
1 Replies
Shivam RC
(Student)
(23683 Points)
Replied 06 June 2019
FORM GSTR 9 is the ANNUAL RETURN FORM which needs to be filed by every registered taxpayer irrespective of any turnover limit except by :
a). Input Services Distributor ( ISD ).
b). TDS u/s 51
c). TCS u/s 52
d). Non Resident Taxable Person ( NRTP ).
e). Casual Taxable Person ( CTP ).
FORM GSTR-9C is an Annual Reconciliation Statement and Audit Report Form which needs to be filed only by those Registered Persons having Turnover of more than Rs. 2 crore and needs to be certified by a Chartered Accountant or a Cost and Management Accountant by virtue of Section 35(5) of the CGST Act 2017 read with Rule 80(3) of the CGST Rules 2017.
Since in your case your Aggregate Turnover is Rs. 98 lakhs ( does not exceeds Rs.2 crore ), you are not required to file GSTR-9C and Audit Report.
Hence file Annual Return in FORM GSTR 9 within 30th June 2019 inorder to avoid Late Fees of Rs. 100 per day.
Warm Regards.
a). Input Services Distributor ( ISD ).
b). TDS u/s 51
c). TCS u/s 52
d). Non Resident Taxable Person ( NRTP ).
e). Casual Taxable Person ( CTP ).
FORM GSTR-9C is an Annual Reconciliation Statement and Audit Report Form which needs to be filed only by those Registered Persons having Turnover of more than Rs. 2 crore and needs to be certified by a Chartered Accountant or a Cost and Management Accountant by virtue of Section 35(5) of the CGST Act 2017 read with Rule 80(3) of the CGST Rules 2017.
Since in your case your Aggregate Turnover is Rs. 98 lakhs ( does not exceeds Rs.2 crore ), you are not required to file GSTR-9C and Audit Report.
Hence file Annual Return in FORM GSTR 9 within 30th June 2019 inorder to avoid Late Fees of Rs. 100 per day.
Warm Regards.
Recent Topics
- Transportation bill
- Write off of unsecured loan to a Firm
- Claim of ITC more than 2B
- How to go Old regime to new regime
- "How should I begin preparing for CA foundati
- SBI or State Bank of India Passbook printing forma
- SALE OF EQUITY ON THE LAST DAY OF THE FY 2024-25 N
- Requirement to prepare Consolidated financial stat
- Government grant not repayable
- Late fess for challan PMT 06 under self assessment
Related Threads
Trending Online Classes
-
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)
Mr.Balamurugan Ranganathan16 June 2025
CAclubindia
