GST annual return exemption for the FY 2021-22
CBIC vide notification no 10/2022-Central Tax dated 05th July 2022 exempt filing of GST annual return in form GSTR-9/9A for taxpayers whose annual aggregate turnover (AATO) for the FY 2021-22 is up to 2 Crores.
Who shall file annual return in form GSTR-9
Every registered person, other than:
- Department of the Central Government or a State Government or a local authority
- Input Service Distributor
- A person paying TDS (TDS under GST) under section 51
- Electronic commerce operator required to collect tax at source under section 52
- a casual taxable person
- a non-resident taxable person
- Composition tax payers paying tax under (Section 10)
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.
Person paying tax under section 10 (composition tax payer) shall file Annual return in GSTR-9A. 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.
GST annual return for taxpayers with AATO above 2 crores for the FY 2021-22
Such category of taxpayers are required to file GSTR-9 on or before due date. As exemption is only for taxpayers with AATO up to 2 Crores.
Reconciliation statement in GSTR-9C
Every registered person, other than:
- Department of the Central Government or a State Government or a local authority
- Input Service Distributor
- A person paying TDS (TDS under GST) under section 51
- Electronic commerce operator required to collect tax at source under section 52
- a casual taxable person
- a non-resident taxable person
- Composition tax payers paying tax under (Section 10)
whose aggregate turnover during a financial year 2021-22 exceeds 5 Crores shall furnish self certified reconciliation statement in GSTR-9C along with GST annual return (GSTR-9)
Summary of the above discussion is simplified in the table:
|
Aggregate turnover criteria |
GSTR-9 |
GSTR-9C |
|
Turnover less than 2 crores |
Exempted |
NA |
|
Turnover above 2 crores but up to 5 crores |
Mandatory |
Optional |
|
Turnover exceeding 5 crores |
Mandatory |
Mandatory |
