Clarification regarding optional filing of annual GST return
Recently CBIC has issued circular No. 124/43/2019 – GST dated 18th November regarding clarification of optional filing of annual return.
Highlights of the circular:
Annual return in FORM GSTR-9/9A has made it optional to furnish the annual return for FY 2017-18 and 2018-19 for those registered persons whose aggregate turnover in a financial year does not exceed two crore rupees.After the due date of furnishing the annual return for the year 2017-18 and 2018-19, the common portal shall not permit furnishing of FORM GSTR-9A for the said period.Taxpayer, during course of reconciliation of his accounts, notices any short payment of tax or ineligible availment of input tax credit, he may pay the same through FORM GST DRC-03.
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e-DiNero. GST Team
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