GSTR 9/9C (Annual Return) for FY 2019-20 – Changes

• January 23, 2021
• CA Chandan Agarwal's Office

Applicability of Form GSTR-9:

For FY 2019-20, those registered persons whose aggregate turnover in a financial year does not exceed Two Crore rupees and who have not furnished the annual return shall have the option to furnish the annual return.

Provided that the said return shall be deemed to be furnished on the due date if it has not been furnished before the due date.

(Notification No. 77/2020 Central Tax Rate dated 15/10/2020 read with Notification No. 47/2019 Central Tax Rate dated 09/10/2019)

Applicability of Form GSTR-9C:

Every registered person whose aggregate turnover exceeds Five Crore rupees shall get his accounts audited 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.

(Notification No. 79/2020 Central Tax Rate dated 15/10/2020)

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