What will happen to GSTR 9 and GSTR 9C for FY 2017-18?
What will happen to GSTR 9 and GSTR 9C for FY 2017-18?
Aditi (Articles) (169 Points)
16 December 2019
4 Replies
Shivam RC
(Student)
(23683 Points)
Replied 17 December 2019
What will happen means ????
For FY 2017-18 & FY 2018-19, filing of FORM GSTR-9 i.e. Annual Return has been made optional for Taxpayers whose Aggregate Turnover is less than Rs. 2 crore.
And if you do not file it within the due date, then it will be "deemed to be filed on the due date".
Refer Notification No. 47/2019 - CT, dated 09.10.2019, read with Circular No. 124/2019, CT dated 18.11.2019.
For FY 2017-18 & FY 2018-19, filing of FORM GSTR-9 i.e. Annual Return has been made optional for Taxpayers whose Aggregate Turnover is less than Rs. 2 crore.
And if you do not file it within the due date, then it will be "deemed to be filed on the due date".
Refer Notification No. 47/2019 - CT, dated 09.10.2019, read with Circular No. 124/2019, CT dated 18.11.2019.
CA Arun Tiwari
(Partner)
(5855 Points)
Replied 20 December 2019
Rs. 2 crore Turnover Limit for GST Audit u/s 35(5) of the CGST Act 2017 will be considered from JULY 2017 to MARCH 2018... then you are not required to file FORM GSTR-9C.
Whereas, transactions which were not disclosed while filing the GST returns of 2017-18, can be now reported while filing GSTR-9. Any liability arising out of these transactions need to be paid using form DRC-03. However, no new input tax credit can be claimed.
Shivam RC
(Student)
(23683 Points)
Replied 27 December 2019
REMOVAL OF DIFFICULTY ORDER ( RoD ) issued :
The Government of India has issued "Order No. 10/2019 - Central Tax, dated 26.12.2019," which seeks to EXTEND the DUE DATE for furnishing of Annual Return/Reconciliation Statement in FORM GSTR-9/FORM GSTR-9C for FY 2017-18 till 31.01.2020.
The Government of India has issued "Order No. 10/2019 - Central Tax, dated 26.12.2019," which seeks to EXTEND the DUE DATE for furnishing of Annual Return/Reconciliation Statement in FORM GSTR-9/FORM GSTR-9C for FY 2017-18 till 31.01.2020.
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