Dear sir, please let us know, should I file gstr 9, if annual turnover below 2 crores, necessary or not necessary, someone told, have to file it only gstr9, someone told not necessary, I have little confused, please let us know sir.
Replies (3)
Quick Summary
This discussion clarifies whether filing GSTR 9 is mandatory for businesses with an annual turnover below £2 crore. The consensus is that it is optional. While some suggest filing to avoid future compliance issues, others argue that if the department makes it optional, they cannot penalise non-filers. It's important to note that even if not filed, the return may be treated as 'deemed filed' by the department on the last date.
As per GST Annual Return is "OPTIONAL" for less than 2cr turn over dealers.
It's optional, not for cancel.
If You want to file then You can file the annual return... If You don't want to file the annual return then leave it...
( Somebody says any mismatches then future compliance will be kicked. But, As per my view, if future compliance will planed by dept then they can't announce this as OPTIONAL..)