Facility to file annual return in Form GSTR-9 for FY 2019-20 is now available for the taxpayers whose table 8A computation has been completed.
The CBIC has notified that GST Annual Return is voluntary if turnover is less than Rs.2 crores for F.Y. 2019-20 as well vide Notification No. 77/2020 dated 15/10/2020.
It may be pertinent to note that the said exemption was made available to taxpayers for F.Y. 2017-18 and F.Y. 2018-19 and now has been extended to F.Y. 2019-20.
Also, vide Notification No. 79/2020 dated 15/10/2020, the CBIC has notified that every registered person whose aggregate turnover exceeds five crore rupees shall get his accounts audited as specified under sub-section (5) of section 35 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C for the said financial year.
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