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.
Annual Return (GSTR 9)
Turnover less than Rs. 2 Crore
Turnover more than Rs. 2 Crore and less than Rs. 5 Crore
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.
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.
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