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Gst9 Annual return..

Adv.Abuzar Saifi (127 Points)

12 October 2020

is gstr9 mandatory for All tax payers ?

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Shivam RC (Student) (23683 Points)
Replied 12 October 2020

As per the Provision of Section 44(1) of the CGST Act 2017, Every Registered Person is required to file an Annual Return for every financial year except the following persons :

(a). Casual Taxable Person
(b). Non-Resident Taxable Person
(c). Person Paying Tax U/s 51 ( TDS Deductor )
(d). Person Paying Tax U/s 52 ( TCS Collector )
(e). Input Service Distributor ( ISD ).

However a relaxation was provided by the Government in filing Annual Return for FY 2017-18 and 2018-19 for the Small Taxpayers. As per Notification No. 47/2019 - Central Tax, dated 09th October 2019 read with Circular No. 124/43/2019 - GST, dated 18th November 2019, Annual Return ( FORM GSTR-9 ) under Section 44(1) of the CGST Act 2017 for "FY 2017-18 and FY 2018-19" has been made "OPTIONAL" for the taxpayers having Aggregate Turnover upto Rs. 2 crores.

So for the Small Taxpayers ( Aggregate Turnover upto Rs. 2 crores ), it is "OPTIONAL" to file Annual Return for FY 17-18 & 18-19.

If Annual Return is not filed by the taxable person on or before the due date, then it shall be "deemed to be filed" on the due date.

For FY 2018-19, the due date to file Annual Return is 31st October 2020 as per Notification No. 69/2020, Central Tax, dated 30th September 2020.

Hope you understood Sir...

Regards.

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