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GSTR-9 IS OPTIONAL ??


Account Bird   06 August 2020

Account Bird

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Respected to all,
My Aggregate Turnover is below than 2 crore & I want to file my GSTR-9 for F.y. 17-18 & F.y. 18-19.

So is it mandatory for me to file GSTR-9 ?
Because there is some confusion in 37th Press Release of GST. Where mention some relaxation for MSME taxpayers but in Circular 124/2019 CGST Act no any MSME word used for relaxation.

Please clear this relief.

avater

Sagar Patel (Tax and Business Consultant)     07 August 2020

Sagar Patel
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Filing of Annual Return ( GSTR-9 ) for FY 2017-18 and FY 2018-19 has been made "OPTIONAL" for the taxpayers having Aggregate Turnover upto Rs. 2 crores vide Notification No. 47/2019 - Central Tax, dated 09th October 2019 read with Circular No. 124/43/2019 - GST , dated 18th November 2019.

Note : Before making the Decision not to File GSTR-9, just make sure that data uploaded in GSTR-1 & GSTR-3B is accurate and the same are matching with your Financial statements.

GSTR-9 is a correction tool because if any wrong data is upload in GSTR1 & GSTR 3b than u can use the same for correction of ur data.

if there is no difference then no need to file GSTR 9, if there is any contrary then file GSTR 9 to correct those mistakes.
Optional means what ever data you filed through GSTR 1 And GSTR 3B is considered as final data.

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Account Bird   07 August 2020

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Okk thanks Sagar but in 37th Press Release, a MSME word used for taxpayers, so it does not matter taxpayer registered in MSME or not, GSTR9 is optional for all whose Turnover upto 2cr.

avater

Sagar Patel (Tax and Business Consultant)     07 August 2020

Sagar Patel
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Yes, it doesn't matter taxpayer registered in MSME or not, GSTR 9 for FY 2017-18 and FY 2018-19 is optional for all whose Turnover is up to 2 crores.

Note : I think it's used only to show that, relaxation is given to small taxpayers which is represented by word MSME in press release.
and at that time for MSME there was no criteria like turnover, MSME registration was based on investment value at that time.

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Account Bird   07 August 2020

Account Bird

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Great thanks sagar 🚩

avater

Sagar Patel (Tax and Business Consultant)     07 August 2020

Sagar Patel
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You are most welcome........ 😊

avater

jayendra Gaonkar (Asst. Manager)     07 August 2020

jayendra Gaonkar
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yes for turnover up to 2crore gstr 9 return filing is optional.  In the 37th GST Council meeting headed by Nirmala Sitharaman decided that small taxpayers may not file GSTR 9 Annual Return. Small taxpayers are the payers whose aggregate turnover is 2 crore rupees. However, it is applicable only to Fy 2017-18 and 2018-19. Thus, the above type of taxpayers may file or may not file the GSTR 9 Return for the above period. Please read GST Notification no. 47/2019-Central Tax, dt . 09-10-2019 for more details


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