ANNUAL RETURN FILING
This query is : Resolved
15 January 2020
DEAR SIR,
I HAVE ALMOST LESS THAN 2 CRORE CLIENTS. SO I NEED FILE GST ANNUAL RETURN OR NOT.
PLEASE CLARIFY ME WHAT HAPPENED WHETHER LESS 2 CRORE TURNOVER IF NOT FILED ANNUAL RETURN. I HAVE FILED THEIR INCOME TAX RETURN MATCHING WITH TURNOVER OF SALES AND PURCHASES. ONLY 2 CASES ARE FILED AS U/S 44AD BUT THEIR TURNOVER IS LESS THAN 2 CRORE IN THE FINANCIAL YEAR 2017-18 AND 2018-19.
REGARDS
I HAVE ALMOST LESS THAN 2 CRORE CLIENTS. SO I NEED FILE GST ANNUAL RETURN OR NOT.
PLEASE CLARIFY ME WHAT HAPPENED WHETHER LESS 2 CRORE TURNOVER IF NOT FILED ANNUAL RETURN. I HAVE FILED THEIR INCOME TAX RETURN MATCHING WITH TURNOVER OF SALES AND PURCHASES. ONLY 2 CASES ARE FILED AS U/S 44AD BUT THEIR TURNOVER IS LESS THAN 2 CRORE IN THE FINANCIAL YEAR 2017-18 AND 2018-19.
REGARDS
16 January 2020
no need to file it if turnover is less than 2 crore
16 January 2020
DEAR SIR,
THANK YOUR FOR YOUR REPLY, IN FUTURE WHICH KIND OF PROBLEM WILL ARISE IF NOT FILED OR ANY NOTICE WILL SERVE FROM LOCAL OFFICE NOT FILING ANNUAL RETURN. BECAUSE HERE SOME AUDITORS SAYS UNLESS NOT FILING IS BETTER TO FILE ANNUAL RETURN.
PLEASE GUIDE ME
REGARDS
THANK YOUR FOR YOUR REPLY, IN FUTURE WHICH KIND OF PROBLEM WILL ARISE IF NOT FILED OR ANY NOTICE WILL SERVE FROM LOCAL OFFICE NOT FILING ANNUAL RETURN. BECAUSE HERE SOME AUDITORS SAYS UNLESS NOT FILING IS BETTER TO FILE ANNUAL RETURN.
PLEASE GUIDE ME
REGARDS
16 January 2020
filing not required per se. On top of that, if you file, there is no harm. People seek to file because they are of the opinion that within a year or so the turnover will exceed 2 crore and hence they think it prudent to keep a trail of annual return.
16 January 2020
GST annual return is to be filed by all registered taxpayers irrespective of the
turnover of an entity.
turnover of an entity.
16 January 2020
DEAR SIR,
B. CHACKRAPANI WARRIER SIR, IF WE ARE NOT FILING ANNUAL RETURN BELOW 2 CRORE ANY PENALTY TO BE PAYABLE OR ANY NOTICE WILL SERVE TO US FILE IMMEDIATELY. BECAUSE OF MANY PEOPLE DIFFERENT OPINION ON THAT GST ANNUAL RETURN. MY CLIENTS ALMOST LESS THAN 2 CRORE.
REGARDS
B. CHACKRAPANI WARRIER SIR, IF WE ARE NOT FILING ANNUAL RETURN BELOW 2 CRORE ANY PENALTY TO BE PAYABLE OR ANY NOTICE WILL SERVE TO US FILE IMMEDIATELY. BECAUSE OF MANY PEOPLE DIFFERENT OPINION ON THAT GST ANNUAL RETURN. MY CLIENTS ALMOST LESS THAN 2 CRORE.
REGARDS
16 January 2020
Penalty is Rs.200 per day subject to a maximum of 0.25 % of total turnover.
16 January 2020
The GST Council, in its 37th meeting held at Goa provided relief to MSMEs by allowing them waiver to file GSTR 9 and GSTR-9A.
Announcing the relaxation in filing of annual returns for MSMEs for FY 2017-18 and FY 2018-19, a statement said waiver of the requirement of filing FORM GSTR-9A for Composition Taxpayers for the said tax periods will be provided.
Additionally, filing of FORM GSTR-9 for those taxpayers who (are required to file the said return but) have aggregate turnover .up to Rs. 2 crore made optional for the said tax periods.
Announcing the relaxation in filing of annual returns for MSMEs for FY 2017-18 and FY 2018-19, a statement said waiver of the requirement of filing FORM GSTR-9A for Composition Taxpayers for the said tax periods will be provided.
Additionally, filing of FORM GSTR-9 for those taxpayers who (are required to file the said return but) have aggregate turnover .up to Rs. 2 crore made optional for the said tax periods.
Message likes :
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16 January 2020
THANK YOU FOR ALL YOUR REPLIES SIR,
SO PLEASE DO NOT MISTAKE ME I HAVE CONFUSED ABOUT TWO REPLIES OF EXPERTS OF AMOL S JOGLEKAR AND B CHACKRAPANI WARRIOR SIR, BECAUSE OF WHICH STATEMENT I HAVE TO FOLLOW BOTH OF YOU ARE GOOD EXPERTS AND GIVEN GOOD SOLUTION ESPECIALLY ME AND OTHERS.
AGAIN WHETHER SHOULD I FILE OR NOT.
REGARDS
REGARDS
FINALLY
SO PLEASE DO NOT MISTAKE ME I HAVE CONFUSED ABOUT TWO REPLIES OF EXPERTS OF AMOL S JOGLEKAR AND B CHACKRAPANI WARRIOR SIR, BECAUSE OF WHICH STATEMENT I HAVE TO FOLLOW BOTH OF YOU ARE GOOD EXPERTS AND GIVEN GOOD SOLUTION ESPECIALLY ME AND OTHERS.
AGAIN WHETHER SHOULD I FILE OR NOT.
REGARDS
REGARDS
FINALLY
16 January 2020
I stand corrected. Please follow Amol Ji's reply.
16 January 2020
THANK YOU FOR YOUR KIND REPLY SIR,
YOU ARE BOTH OF THEM GIVEN GOOD SUGGESTION TO ME.
REGARDS
YOU ARE BOTH OF THEM GIVEN GOOD SUGGESTION TO ME.
REGARDS
17 January 2020
you are most welcome
17 January 2020
THANK YOU SIR,
REGARDS
REGARDS
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