We were started our sales transactions on Dec 2019 onwards. Turnover for the FY 2019-20 was 25 Lakhs only. We should do GSTR Annual Returns or not required?
As per Notification No. 77/2020 - Central Tax, dated 15th October 2020, Filing of GST Annual Return ( FORM GSTR-9 ) has been made "OPTIONAL" even for FY 2019-20 for the taxpayers having Annual Aggregate Turnover upto Rs. 2 crores.
So it's optional for you to file FORM GSTR-9 for FY 2019-20, being a small taxpayer. Note that if you do not file your GSTR-9 within the due date ( opt for not to file being it optional ), it will be "deemed to be filed" on the due date.
NOTE : The Principal Notification No. 47/2019 - Central Tax, dated 09th October 2019 deals with Optional filing of Annual Return for FY 2017-18 & FY 2018-19. The same has been amended vide the above mentioned Notification No. 77/2020 - CT and the benefit of optional filing of annual return for the small taxpayers has been extended to FY 2019-20 as well.
Dear Shivaram Sir, thank u so much for your kind assistance. Could you please tell me the last day for Filing GSTR 9 for the FY 19 20 ?... Thanks in advance.
Sir as per the GST Law, the due date to file Annual Return for a particular Financial Year is 31st December of the following FY [ Section 44 of the CGST Act 2017 ].
Accordingly the due date to file FORM GSTR-9 for FY 2019-20 should be "31st December 2020." But it will surely get extended because the due date to file Annual Return for FY 2018-19 has been further extended to "31st December 2020" from earlier 31st October 2020. Due date for filing 2 FY's Annual Return cannot be the same date. So it is going to be extended.
So as of now it's 31st December 2020 subject to extension due to the above mentioned reason.