Tax Updates
Legal Requirement of GST Audit A GST Registered person whose turnover is in excess of INR 5 cr in the previous financial year are required to file Form 9C (Reconciliation Statement). From F.Y. 2020-21 onwards, GSTR 9C is to be fill on a self certification basis. The registered person is required to submit following list …
Legal Requirement of Annual Return Section 44(1) of CGST Act: – Every registered person shall fill an annual return for every Financial year. Annual Return to be fill electronically once for each financial year on or before the 31st December following the end of financial year. Form GSTR 9 contain the details of all outward …
GST Annual Return Handbook by ICAI GST annual return filing is mandatory for all entities having GST registration, irrespective of turnover during the financial year. Every businesses that have obtained GST registration must file GST Annual Return irrespective of GST Turnover. GST registered person who has GST Number before 1st April 2018 are required to …