the limit of turnover above 5cr for 9C has to be seen from the consolidated balance sheet ? ( turnover of all branches included)
and if that exceeds then 9C for all the gstin has to be filed irrespective of any particular branch having t/o below 5 cr.?
please clear the doubt with the respective rule
Menu
GSTR 9C limit
Replies (6)
Yes. Turnover to be computed on PAN basis for applicability. GSTR 9C to be filed by all branches if applicable
once aggregate turnover exceeds threshold each gstn has to file 9c. Same is clarified by the ICAI in faq w.r.t 9C
Agree with above replies...
Once your Aggregate Turnover ( which is to be computed PAN India wise ) exceeds Rs. 5 crore ( incase of FY 2018-19 ) , you have to file RECONCILIATION STATEMENT and AUDIT REPORT i.e. FORM GSTR-9C GSTIN wise.
Once your Aggregate Turnover ( which is to be computed PAN India wise ) exceeds Rs. 5 crore ( incase of FY 2018-19 ) , you have to file RECONCILIATION STATEMENT and AUDIT REPORT i.e. FORM GSTR-9C GSTIN wise.
The notification not issued yet
Yes, GSTR 9C has to be filed for each GSTIN irrespective of turnover of each GSTIN, if the Aggregate Turnover exceeds Rs. 5 Crore for 18-19 under same PAN all over India. This has been clarified by CBIC & GST Council as well.
Further clarification contact - CA SACHIN M JAIN | 8097515447 | casachinmjain @ gmail.com
Further clarification contact - CA SACHIN M JAIN | 8097515447 | casachinmjain @ gmail.com
But notification still pending
Recent Topic
- Proprietor have 2 business. One is registered unde
- ITR-4 – Gross Receipts or Turnover for Secti
- Unrelated entries in AIS and Form 26as
- Payment to foreign national
- Internal reconstuction
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
Related Topics
CAclubindia
