TURNOVER LIMIT FOR GST ANNUAL RETURN

This query is : Resolved

NIRMAL DAVE (Querist)
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24 January 2024 Dear Experts,

A trader of milk, lassi, curd etc.. took GST registration from 20/10/2022 as the same items became taxable from 18/07/2022.

His turnover from 01/04/2022 to 19/10/2022 is Rs 1,34,56,523/-
His turnover from 20/10/2022 to 31/03/2023 is Rs. 77,64,939/-
Total turnover of FY 2022-23 is Rs. 2,12,21,462/-

Is he required to file GSTR-9 for FY 2022-23?

If yes then is it necessary to disclose turnover before registration?

Where to show turnover before registration in GSTR-9?

Thanking You
Nirmal Dave

Asha Kanta Sharma online

Asha Kanta Sharma

(Expert)
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11 July 2024 Yes, the trader is required to file GSTR-9 for FY 2022-23. Here's how the turnover before registration should be disclosed in GSTR-9:

1. **Disclosure of Turnover Before Registration**:
- In GSTR-9, turnover before registration needs to be disclosed in Table 5 (Part II - Outward and inward supplies made during the financial year) under the "Details of outward supplies on which tax is payable" section.
- This turnover should be included in the relevant rows based on the nature of supplies (taxable, exempt, nil-rated, etc.) as applicable.

2. **Where to Show Turnover Before Registration in GSTR-9**:
- In Table 5 of GSTR-9, the turnover before registration should be shown under the relevant GSTIN. If there are multiple GSTINs registered under the same PAN, ensure the turnover before registration is correctly attributed to the corresponding GSTIN.

3. **Format of GSTR-9**:
- GSTR-9 is an annual return that summarizes the details of outward and inward supplies made during the financial year, including tax liabilities, input tax credit (ITC) availed, and tax paid.
- Ensure all turnover figures are correctly reported in GSTR-9 based on the financial records and GST returns filed during the year.

4. **Filing Deadline**:
- The due date for filing GSTR-9 for FY 2022-23 is typically on or before 31st December of the subsequent financial year. However, it's essential to check the GST portal or notifications for any updates on deadlines.

5. **Consultation**:
- It's advisable to consult with a GST expert or chartered accountant for specific guidance tailored to your business situation and to ensure compliance with GST laws and regulations.

By disclosing the turnover before registration in Table 5 of GSTR-9, you ensure compliance with GST reporting requirements and provide a comprehensive view of your taxable supplies for the financial year 2022-23.