Exemption from filing GSTR-9 for F.Y 2020-21 for taxpayers having turnover upto 2 crores
What is GSTR-9 and who is liable to file?
It is an annual return to be filed by all registered taxpayers under GST irrespective of the turnover of an entity. The return consists of details such as inward/outward supplies, taxes paid, refund claimed, demand raised and ITC availed by the taxpayer. All registered taxpayers are required to file GSTR-9 except :
What are the details required to be filled in the GSTR-9?
Can NIL GSTR-9 be filed?
Nil Form GSTR-9 can be filed for the Financial year, if you have: –
Pre-conditions for filing of Form GSTR-9 are:
Notification No.31/2021- Central Tax on 30th July, 2021 states that
BIC has issued notification to exempt the registered persons whose aggregate turnover in the financial year 2020-21 is up to two crore rupees, from filing GST annual return for the financial year 2020-21. The exemption from filing GST Annual Return has been extended for one more financial year.
However, the option to file GST Annual Return shall be available and the taxpayers whose turnover is up to 2 crore rupees still can file the Annual Return in Form GSTR-9 on voluntary basis.
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