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GSTR9 compulsory or not

ABHIJIT MANNA (ACCOUNTANT) (447 Points)

16 September 2020

If turnover below 2 crores, GSTR9 compulsory or not for F.Y. 2018-19 and 2019-20

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 16 September 2020

As per Notification No. 47/2019 - Central Tax, dated 09th October 2019, Filing of Annual Return i.e. 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.

For F.Y 2019-20, there is no such Exemption to any taxpayer.

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Shivam RC (Student) (23683 Points)
Replied 16 September 2020

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.

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

As far as FY 2019-20 is concerned, no notification, press release or circular issued regarding due date extension etc. So as of now the due date will be 31st December 2020 for FY 19-20 as per GST Law [ Section 44(1) of the CGST Act 2017 ].

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