ANNUAL RETURN FILING EXEMPTED FOR THE
F.Y.2020-21 WHOSE AGGREGATE TURNOVER BELOW RUPEES 2 CRORES
The Goods and Services Tax Act, 2017 came into force in
The Annual Returns under GST Act, 2017 has to be filed under GST Rules as shown below:
Rule: 80. Annual return.- (1) Every registered person, other than those referred to in the second proviso to section 44, an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return for every financial year as specified under section 44 electronically in FORM GSTR-9 on or before the thirty-first day of December following the end of such financial year through the common portal either directly or through a Facilitation Centre notified by the Commissioner:
Provided that
a person paying tax under section 10 shall furnish the annual return in FORM
GSTR-9A.
(2) Every
electronic commerce operator required to collect tax at source under section 52
shall furnish annual statement referred to in sub-section (5) of the said
section in FORM GSTR -9B.
(3) Every registered person, other than those referred to in the second
proviso to section 44, an Input Service Distributor, a person paying tax under
section 51 or section 52, a casual taxable person and a non-resident taxable
person, whose aggregate turnover during a financial year exceeds five crore
rupees, shall also furnish a self-certified reconciliation statement as
specified under section 44 in FORM GSTR-9C along with the annual return referred to in
sub-rule (1), on or before the thirty-first day of December following the end
of such financial year, electronically through the common portal either
directly or through a Facilitation Centre notified by the Commissioner.”.
Now the Central Government on the recommendations of the GST Council,
exempted the registered person whose aggregate turnover in the financial year
2020-21 is upto two crore rupees, from filing annual return for the financial
year 2020-21.
As per previous Notifications, the filing of Annual GST Returns are
optional upto Financial Year 2019-20 but filing of Annual GST Returns are
exempted for those whose aggregate annual is upto 2 crores for the year
2020-21.
The relevant Notification is given below for ready reference: