for whom gstr 9 is optional and for whom gstr 9 is compulsory in FY 2020-21?
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Quick Summary
For the financial year 2020-21, GSTR 9 is optional for taxpayers with an aggregate annual turnover up to Rs. 2 crore. Additionally, the reconciliation statement in Form GSTR 9C is optional for those with an aggregate annual turnover up to Rs. 5 crore. These provisions are detailed in Notifications 30 and 31 (CT) dated 30/7/21.
It was also decided on that meeting that GSTR 9/9A for Financial Year 2020-2021 will be optional for taxpayers having aggregate Annual Turnover up to Rs. 2 Cr. and reconciliation statement in Form GSTR 9C will be made optional for taxpayers having aggregate Annual Turnover up to Rs. 5 Cr.
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