Gstr 9 and 9c limit
WebMay 5, 2024 · However, the limit for GSTR-9C of FY 2024-19 has been increased to Rs 5 crore as set out in the CBIC notification dated 23 March 2024. GSTR-9C is a reconciliation statement between the annual returns reported in GSTR-9 for the FY and the taxpayer’s audited annual financial statements by auditor. WebSep 16, 2024 · GSTR-9 is compulsorily applicable to taxpayers with an annual total turnover of more than Rs.2 crore. All registered taxpayers are required to file GSTR-9 except Casual taxpayers; Input Service Distributors, Non-resident taxpayers; and Taxpayers deducting/collecting tax at source under Section 51 or Section 52.
Gstr 9 and 9c limit
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WebWhat is the difference between Form GSTR-9 and Form GSTR-9C? Form GSTR-9 is required to be filed by every person registered as normal taxpayer. However, certain class of taxpayers may be exempted from filing Form GSTR-9 by way of Notifications issued by Government of India from time to time. WebApr 5, 2024 · Council recommended the late fee rationalisation for delayed GSTR-9 filing from FY 2024-23 onwards as follows: (a) Registered persons with Annual Aggregate Turnover (AATO) up to Rs.5 cr is reduced to Rs. 25 per day subject to a …
WebJan 22, 2024 · Usually the limit is Rs. 2 crores as prescribed under Rule 80 (3) of the CGST Rules 2024 but a new Proviso was inserted to Rule 80 (3) of the CGST Rules 2024 vide … http://caportal.saginfotech.com/blog/gstr-9a-form-filing-due-date/
WebNov 30, 2024 · GSTR 9 vs GSTR 9C is a discussion going in the GST lobby since the forms were announced and new taxpayers sometimes still remain perplexed about the applicability of the form type to them. ... whose aggregate turnover during a financial year exceeds the prescribed limit of Rs. 2 Crore, shall get his accounts audited by a chartered accountant … WebJan 13, 2024 · “The council extends the due date of GSTR 9 and GSTR 9C till 30th June 2024 from 31st March 2024 for the FY 2024-19. Also, the annual return filing turnover …
WebApr 3, 2024 · GSTR 9C Audit Form Penalty Norms If Miss the Last Date As per the penalty provisions of the GSTR 9C audit return form, the taxpayer has to pay Rs. 200 per day as a penalty in which Rs. 100 consist of SGST and Rs. 100 for CGST.
WebSep 8, 2024 · GSTR-9 (GST Annual Return) is a type of GST return to be filed by “Regular taxpayers”. It is required to be filed “Annually”. GSTR-9C is an Annual Audit form for all … job fair hard rock casino atlantic cityWebJan 8, 2024 · The due date for filing GSTR-9 and GSTR-9C for FY 19-20 has been further extended to 28th Feb 2024. For the F.Y 2024-19 the due date was 31.12.2024 GSTR 9/9A - Optional for taxpayers with turnover below 2 crores GSTR 9C - NA for taxpayers with turnover below 5 crores Leave a reply Your are not logged in . Please login to post replies job fair high point ncWebDec 16, 2024 · The assessee would not require to file the yearly return in FORM GSTR-9/9A for FY 2024-22 if their aggregate yearly turnover is up to Rs. 2 crores. (If 9 and 9C are not required) According to table 4, the liability should acknowledge as a final liability (as per books) no matter what the liability disclosed in GSTR 3B + Form DRC-03 during the ... instruments made from trashWebNov 22, 2024 · Whereas GSTR-9C is the reconciliation statement to be submitted by those GST registered taxpayers whose annual aggregate turnover is more than Rs.5 crore. ClearTax GST helps you with the end-to-end compliance for GST ranging from invoicing … job fair harford countyWebInstructions for Form GSTR-9 1. Terms used: a. GSTIN: Goods and Services Tax Identification Number b. UQC: Unit Quantity Code ... Table 9C of FORM GSTR-1 may be … instruments made of iceWebJan 2, 2024 · GSRT 9 Due Date, late fee, and Penalty The late fee for not furnishing the GSTR-9 form within the left date is Rs 100 per article per day. It reveals that late fees of Rs 100 below CGST and Rs 100 beneath SGST will be liable for the late cases. Rs 200 per day is subjected as a sum liability for failure. instruments made from natureWebDec 30, 2024 · Updated: 30 Dec 2024, 08:08 AM IST Livemint. The due date to file GSTR 9 & 9C for FY20-21 has been extended to February 28, 2024 from December 31, 2024. job fair hebron ky