What will happen to GSTR 9 and GSTR 9C for FY 2017-18?
What will happen to GSTR 9 and GSTR 9C for FY 2017-18?
Aditi (Articles) (169 Points)
16 December 2019
Shivam RC
(Student)
(23683 Points)
Replied 17 December 2019
CA Arun Tiwari
(Partner)
(4130 Points)
Replied 20 December 2019
Rs. 2 crore Turnover Limit for GST Audit u/s 35(5) of the CGST Act 2017 will be considered from JULY 2017 to MARCH 2018... then you are not required to file FORM GSTR-9C.
Whereas, transactions which were not disclosed while filing the GST returns of 2017-18, can be now reported while filing GSTR-9. Any liability arising out of these transactions need to be paid using form DRC-03. However, no new input tax credit can be claimed.
Shivam RC
(Student)
(23683 Points)
Replied 27 December 2019
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