Turnover Limit For GST Audit- GSTR 9 and GSTR 9C for FY 2018-19

As we all know, for GST Audit and GST Annual Return the last date is 31st October 2020 for FY 2018-19. The major concern among the taxpayers is that what is the turnover limit for GST Audit and for GST Annual Return, so before filing GSTR 9 and GSTR 9C every one must know that whether it is mandatory to file these returns or not. In this post, we are going to discuss the GST Audit limit for FY 2018-19.

What is the Turnover limit for GST Annual Return (GSTR 9) for FY 2018-19?

Under GST, an annual return needs to be submitted for each financial year in GSTR 9 form.

The turnover limit for annual return (GSTR 9) for FY 2018-19 is Rs. 2 Crore.

Also Read- GSTR 9 Turnover Limit for FY 2019-20

What is the Turnover limit for GST Audit (GSTR 9C) for FY 2018-19?

In addition to GSTR 9, as per section 35 of the CGST Act, 2017 every registered person is required to file GSTR 9C if the turnover of the assessee exceeds Rs. 5 Crore.

For FY 2017-18 the limit of GST Audit was Rs. 2 Crore.

The below chart will clear all your doubts regarding the turnover limit for GST audit and annual return.

Aggregate TurnoverAnnual Return (GSTR 9)GST Audit (GSTR 9C)
Turnover less than Rs. 2 CroreOptionalNA
Turnover more than Rs. 2 Crore and less than Rs. 5 CroreMandatoryOptional
Turnover of more than Rs. 5 CroreMandatoryMandatory

Note- Here turnover word will be read as Aggregate Turnover. For this, you can read- “Aggregate Turnover In GST- How to Calculate Threshold Limit for GSTR 9 and GSTR 9C

Non-applicability of GSTR 9 and GSTR 9C

The following persons are not required to file GST Annual Return (GSTR 9) and not required to get their GST Audit (GSTR 9C)

👉 Casual Taxable Person.

👉 Tax Deductor.

👉 Tax Collector.

👉 Input Service Distributors.

👉 Non-Resident Taxable Person.

👉 Person supplying OIDAR service from a place outside India.

👉 Foreign airlines are not required to submit form GSTR -9C.

Example

The GST audit is applicable when total turnover on the PAN India basis exceeds Rs. 5 crores for FY 2018-19. However, GST Audit will be done GSTIN wise. For Example, Newtaxroute has units in Delhi having turnover Rs. 2 Crore, in Uttar Pradesh Rs. 2 Crore, and in Gujrat Rs. 2 Crore. The turnover is, therefore is Rs. 6 Crore. Therefore GST Audit is applicable to all its units.

Also Read- GST Audit: Turnover Limit For FY 2020-21

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Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.

Feedback/Suggestion- Hope you all find it useful, please give your valuable feedback & let us know if there is an error. Thanks in Advance

Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants)

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