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GSTR 9 -REG

Maya (Student) (658 Points)

20 December 2019

Dear frds/ experts,

One of our client is a pvt ltd company having turnover less than 1.5 crores during last 2 years.

Is it compulsory to file them GSTR-9 RETURN ?

Plz kindly advice me as soon as possible. Earliest reply would be greatly appreciated.

Thanks in advance.

-Maya

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6 Replies

SOWJANYA M (840 Points)
Replied 20 December 2019

It's optional. not compulsory

Maya (Student) (658 Points)
Replied 23 December 2019

Thank you sowjanya...

CA Arun Tiwari (Partner) (4330 Points)
Replied 24 December 2019

GSTR 9 must be filed by regular registered, taxpayers who file GSTR 1 and GSTR 3B.

So ,The aggregate turnover of your business should be greater than 40 lakh rupees to file GSTR 1 and GSTR 3B.

Accordingly , in this case ,if the Company’s Turnover is less than 1.5 crore then he is required to file GSTR 9 as turnover in a Financial year exceed the 40 lk limit

So for Both Financial year ,GSTR-9 is required to be filed .

Maya (Student) (658 Points)
Replied 24 December 2019

"Filing of Annual Return has been made "OPTIONAL" for Registered Person whose Aggregate Turnover does not exceeds Rs. 2 core for FY 2017-18."

Then what does it mean Sir👆?? Its very confusing....whether we they have to file gstr 9 or not???

CS Advocate Abhishek Goyal (M Com FCS LLB M-AIMA ) (13531 Points)
Replied 28 December 2019

It is better to file your annual return by the due date so as to avoid best of judgment assessment by GST authorities in future. In fact annual return is the only chance for you to declare correctly all your sales and ITC for that period and discharge short liability fi any.