Annual Returns for F.Y. 20 - 21, Goods and Services Tax - GST

[Kaustubh Karandikar]

XYZ’s turnover in the F.Y. 2019 – 20 was more than ₹ 5 crores and therefore they had filed Annual Return GSTR – 9 and GSTR – 9C. In the Financial Year 2020 – 21 their turnover was less than ₹ 2 Crores. Are they required to file Annual Return GSTR – 9 and GSTR – 9C for Financial Year 2020 – 21?

Posts / Replies

[KASTURI SETHI]

Sh.Arvind Jain Ji,,

Sir, I agree with your views except the words, "from my limited knowledge". It is your humbleness and greatness.

[Shilpi Jain]

The only reason why I mentioned not to file gstr9 if it is optional is because it gets into the system and the data analytics many times leads to further dept questioning... an intimation letter is a silent way of intimation.