Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

GSTR 9 and 9C not filed

247 views 1 replies

RAMAPRASAD

MBA

248 Points Posted on 26 August 2020

I was having a construction company and the turnover of the firms as under

2017-18 is 8crores
2018- 19 is 11 crores
2019-20 is 3 crores
2020- 21 is nil.

I have applied for the cancellation of GSTIN and I have got the order of cancellation with nil LIABILITY.

now my question is I have not filed GSTR9 for any of the above financial year. Now my GSTIN is cancelled should I have to file GSTR9 or for the above period or I have consider my account is closed

Replies (1)

akhil

student

44 Points Posted on 26 August 2020

Hi,
Registered person whose turnover limit exceeds specified limit as per Sec-44(1) of CGST Act needs to file GSTR-9 and get his books of accounts audited u/s 35(5) of CGST Act by Chartered Accountant/Cost Accountant.

For FY 2017-18 if turnover exceeds Rs.2 Crores one need to file GSTR-9 and GSTR-9C.

For FY 2018-19 If turnover exceeds Rs. 2 crores GSTR-9 is to be filed. And registered person needs to get books of accounts audited only if turnover exceeds Rs.5 crores.

In both the years FY 2017-18 and 2018-19 you companies needs to submit GSTR-9 and GSTR-9C. Even thought GST registration is cancelled the company should comply with the provisions and file both the returns.

For 2019-20 turnover exceeds Rs.2 crores. Only GSTR-9 should be filed and no audit is needed right now. Any further updates are yet to be notified.

After all don't forget to file GSTR-10 Final return after registration is cancelled. If filed good.

Thank You.