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GSTR annual return for Regular dealer having turnover upto 1.5 crore

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Akash

proprietor

75 Points Posted on 18 July 2020

Dear Experts,

Can you please tell me is there any exemption notification issued wherein it's mentioned that the dealer upto 1.5 crore turnover are not required to file annual return. If it's not like that then what's the last date of annual return for financial year 2018-19 ?

Thanks in advance.

Replies (3)

Quick Summary

This discussion clarifies the requirement for filing GSTR annual returns for dealers with a turnover up to 1.5 crore. For FY 2018-19, filing the annual return was optional for businesses with a turnover up to 5 crore. For other financial years, this threshold is 2 crore. Notification 47/2019 CT states that it's optional to file for FY 2017-18 and FY 2018-19 if turnover doesn't exceed 2 crore, and it can be filed after the due date to rectify discrepancies in GSTR-1 or GSTR-3B.

Raj Chaurasia

195 Points Posted on 19 July 2020

Gov had made it optional to file annual return whose turnover is upto 5 cr in fy 2018-19. so it is not mandatory but if u wish to file u can.

turnover limit of 5 cr is only for fy 2018-19. in other fy turnover limit is only 2cr.

Pankaj Rawat

GST Practitioner

29904 Points Posted on 20 July 2020

As per Notification 47/2019 CT , Those registered person whose turnover in FY is not Exceeding 2 crore is optional to file annual Return for Fy 2017-18 & FY 2018-19 .

it is supposed to be filed after the due date.

So if there is any variances in filing 3B or GSTR 1 for the said period , the person should file the annual return ,can rectify the same .