Relaxations Not Available For FY 2019-20 And Onwards In Filing GSTR 9 And 9C
Furnishing of Annual Return by Small Supplier
Registered Person had the option to not to file the Annual Return GSTR 9 provided the Aggregate Turnover does not exceed Rs. 2 crore vide Notification No- 47/2019 Central Tax dated 9th October 2019.
FY 2019-20 and Onward- Every Registered Person irrespective of the turnover has to file GSTR 9.
GSTR 9 (Annual Return)
√ Table 4- Details of Outward Supplies can be reported with net off Credit Notes in GSTR 9 for FY 2017-18 and FY 2018-19.
√ Table 4- Details of Outward Supplies can be reported with net off Debit Notes in GSTR 9 for FY 2017-18 and FY 2018-19.
√ Credit of Input Tax on Inputs, Input Services and Capital Goods had the option to report the amount in consolidated manner under head Inputs
√ Table 7H- Registered Person had the option to report reversal under various heads in consolidated manner under Table 7H
√ Table 8 GSTR 2A- Reporting in Table 8 was optional subject to conditions
√ Table 15 Report of Refunds and Demands was optional
√ Table 16- Information about the supplies from composition taxpayers was optional
√ Table 17- Reporting of HSN Wise Outward was optional
√ Table 18- Reporting of HSN Wise Inward Supplies was Optional
Summary details are required to be declared only for those inward supplies which in value independently account for 10 % or more of the total value of inward supplies.
GSTR 9C (Reconciliation Statement)
√ Table 14 of GSTR 9C- Reporting of Expense wise credit of input tax is optional
Author Bio
Dear sir, relaxation to file GSTR 9 is also applicable to FY 2019-20. Kindly correct the same in your article.
FOR 2019-20 ALSO IT IS OPTIONAL FOR TAX PAYERS WITH AGGREGATE TURNOVER BELOW 2 CRORE. PLEASE CORRECT THE SAME.
Please refer Notification No 77/2020-Central Tax Dated 15th October, 2020 providing that Taxpayers who are having a turnover of less than Rs 2.00 crores are given an option of not filing of Annual Return for the Financial Year 2019-20.
So for F.Y.2019-20 Annual return up to turnover of Rs.2 crore is option.
Sir,
Notification 77 has been issued to amended Notification 47
“In the said notification in the opening paragraph, for the words and figures ―financial years
2017-18 and 2018-19‖, the words and figures ―financial years 2017-18, 2018-19 and 2019-
20‖ shall be substituted.”