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GST Audit
Under GST, after the end of the financial year, it is required to file an annual return and needs to get accounts audited in form GSTR 9 and 9C respectively. It is not mandatory for all the assessee but needs to be done as per the notification or circulars issued by the GST department.
As per the 43rd GST Council meeting outcome, GSTR-9 shall continue to be optional for taxpayers with turnover up to Rs.2 crore, whereas GSTR-9C can be self-certified by taxpayers with turnover less than or equal to Rs.5 crore from FY 2020-21 onwards.
As per the 43rd GST Council meeting outcome, GSTR-9 shall continue to be optional for taxpayers with turnover up to Rs.2 crore, whereas GSTR-9C can be self-certified by taxpayers with turnover less than or equal to Rs.5 crore from FY 2020-21 onwards.
As per the 43rd GST Council meeting outcome, GSTR-9 shall continue to be optional for taxpayers with turnover up to Rs.2 crore, whereas GSTR-9C can be self-certified by taxpayers with turnover less than or equal to Rs.5 crore from FY 2020-21 onwards.
The turnover limit for GST Audit (GSTR 9C) for FY 2019-20 is Rs. 5 Crore.
As we all know that, CBIC has extended the due date of GST Audit and GST Annual Return for FY 2019-20, which is now 31st March 2021. The major concern among the taxpayers is the GSTR 9 Applicability for FY …
Under GST Regime Annual Return includes GSTR 9, 9A, and 9C (Reconciliation Statement) for normal taxpayers. Due to the COVID impact, these annual returns could not be filed in time. Considering the challenges faced in COVID-19, the government has extended …
For FY 2018-19, GST Audit and Annual Return is required to be completed by the assessee whose turnover exceeds a specified amount. For the financial year 2018-19, the due date has been extended again. In this post, you will know …