IS IT MANDETORY TO FILE GSTR9 FOR THE TAX PAYER HAVING T.O. BELOW 2CR FOR FY 2019-20?
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This discussion clarifies the mandatory filing requirements for the GSTR9 annual return for the financial year 2019-20. For taxpayers whose aggregate turnover was below ₹2 crore, filing the GSTR9 is optional. Additionally, the GST audit report is also not required for such businesses. This is based on Notification No. 77/2020 of the GST Act.
As per Notification No. 77/2020 dated 15.10.2020 of GST Act, Assessee whose aggregate turnover is below 2 Crore , they need not be required to file annual return.