For GSTR 9 (Annual Return), the major concern among the taxpayers is that “what is the turnover limit for GSTR 9 for FY 2020-21”. All doubts of the taxpayer regarding the applicability of the annual return for FY 2020-21 will be clear in this post.
What is the Turnover Limit for GSTR 9 for FY 2020-21?
Under GST, an 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 2020-21: The turnover limit for an annual return of GST (GSTR 9) for FY 2020-21 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 |
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- Annual Return
The following persons are not required to file GST Annual Return (GSTR 9).
- 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 return is applicable when total turnover on the PAN India basis exceeds Rs. 2 crores for FY 2020-21. 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.
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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.
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Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants)