There is rumour among businessmen and accountants that E-Invoice is Applicable for T/o > 5 Cr from 1-1-23
Please note that there is NO SUCH NOTIFICATION from CBIC in this regard as of now
Please note that there is NO SUCH NOTIFICATION from CBIC in this regard as of now
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As per Rule 80 of the CGST Rules, 2017, every registered business is liable to file a GST Annual Return for each financial year on or before the 31st December of the following financial year.
Accordingly, the last date of filing the GST Annual Return for FY 2021-22 is 31-Dec-2022.
Form to be used to file GST annual return
Form GSTR-9 to be used to file GST annual returns, the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers.
The taxpayers are required to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc. in this return.
GSTR 9 annual return is compulsory?
GST Annual return is to be furnished by all taxpayers whose aggregate turnover exceeds INR 2 crore a year.
There is an exemption on the GSTR 9 where the taxpayer aggregate turnover is less than or equal to INR 2 crore.
Further, a self-certified statement in GSTR 9C should be furnished by taxpayers whose aggregate turnover exceeds INR 5 crore.
GST Annual return Exemption notification
Vide Notification No. 31/2021-Central Tax Dated: 30th July 2021 CBIC exempts the registered person whose aggregate turnover from the financial year 2020-21onwards is up to Rs.2 Crore.
How to file GST Annual Return
Login to your GST and Navigate to Form GSTR-9 - Annual Return for Normal Taxpayer.
Download Form GSTR-1, Form GSTR-3B and Form GSTR-9 Summary.
Enter details in various tiles.
Preview Draft Form GSTR-9 Summary.
Compute Liabilities and Pay Late Fees, If any.
Preview Draft Form GSTR-9.
File Form GSTR-9 using authorized person DSC/ EVC
Accordingly, the last date of filing the GST Annual Return for FY 2021-22 is 31-Dec-2022.
Form to be used to file GST annual return
Form GSTR-9 to be used to file GST annual returns, the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers.
The taxpayers are required to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc. in this return.
GSTR 9 annual return is compulsory?
GST Annual return is to be furnished by all taxpayers whose aggregate turnover exceeds INR 2 crore a year.
There is an exemption on the GSTR 9 where the taxpayer aggregate turnover is less than or equal to INR 2 crore.
Further, a self-certified statement in GSTR 9C should be furnished by taxpayers whose aggregate turnover exceeds INR 5 crore.
GST Annual return Exemption notification
Vide Notification No. 31/2021-Central Tax Dated: 30th July 2021 CBIC exempts the registered person whose aggregate turnover from the financial year 2020-21onwards is up to Rs.2 Crore.
How to file GST Annual Return
Login to your GST and Navigate to Form GSTR-9 - Annual Return for Normal Taxpayer.
Download Form GSTR-1, Form GSTR-3B and Form GSTR-9 Summary.
Enter details in various tiles.
Preview Draft Form GSTR-9 Summary.
Compute Liabilities and Pay Late Fees, If any.
Preview Draft Form GSTR-9.
File Form GSTR-9 using authorized person DSC/ EVC
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If Your Turnover in F.Y.2021-22 is exceeding Rs.10 Crores then provision of Section 194Q and Section 206C(1H) shall be applicable to you with effect from 01/04/2022
Detailed analysis of both sections given here
Detailed analysis of both sections given here
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