GST Annual Return- Turnover Limit For GSTR 9 for FY 2019-20

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As we all know, for GST Annual Return the last date has been extended to 31st March 2021 for FY 2019-20. The major concern among the taxpayers is that what is the turnover limit for GSTR 9 for FY 2019-20. All doubts of the taxpayer regarding the applicability of the annual return for FY 2019-20 will be clear in this post.

What is the Turnover Limit for GSTR 9 for FY 2019-20?

Under GST, annual return needs to be submitted for each financial year in GSTR 9 form, according to the turnover of the taxpayers.

Turnover Limit for GSTR 9 for FY 2019-20- The turnover limit for annual return (GSTR 9) for FY 2019-20 is Rs. 2 Crore.

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

Aggregate Turnover Annual Return (GSTR 9)
Turnover less than Rs. 2 Crore Optional
Turnover more than Rs. 2 Crore and less than Rs. 5 Crore Mandatory
Turnover of more than Rs. 5 Crore Mandatory
Turnover Limit for GSTR 9 for FY 2019-20

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

Non-applicability of GSTR 9- Annual Return

The following persons are not required to file GST Annual Return (GSTR 9).

๐Ÿ‘‰ Casual Taxable Person.

๐Ÿ‘‰ Tax Deductor.

๐Ÿ‘‰ Tax Collector.

๐Ÿ‘‰ Input Service Distributors.

๐Ÿ‘‰ Non-Resident Taxable Person.

๐Ÿ‘‰ Person supplying OIDAR service from place outside India.

๐Ÿ‘‰ Foreign airlines are not required to submit form GSTR -9C.

Example

As per the above, The GST return is applicable when total turnover on the PAN India basis exceeds Rs. 2 crores for FY 2019-20. However, GST Return will be file GSTIN wise. For Example, Newtaxroute has units in Delhi having a turnover of Rs. 50 Lakh, in Uttar Pradesh Rs. 1 Crore, and in Gujrat Rs. 2 Crore. The turnover is, therefore is Rs. 3.5 Crore. Therefore GST Annual Return filing is applicable to all its units.

Also Read- GSTR 9C Turnover Limit for Financial Year 2019-20

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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.

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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