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CMA Final · Indirect Tax Laws and Practice · GST Annual Return and GST Audit Return

Kaveri Textiles Pvt Ltd, a regular taxpayer in Surat, had aggregate turnover of Rs 6.2 crore in a financial year. As per Rule 80 as reproduced, what must it furnish, and by when, for that year (ignoring any extension)?

Kaveri Textiles must furnish FORM GSTR-9 together with the self-certified reconciliation statement in FORM GSTR-9C, both by 31 December following the financial year. Its aggregate turnover of Rs 6.2 crore exceeds the five crore threshold in Rule 80(3), and it is not a composition taxpayer.

  1. AOnly FORM GSTR-9 by 31 December following the end of the financial year
  2. BFORM GSTR-9 only, by 30 June following the end of the financial year
  3. CFORM GSTR-9 together with FORM GSTR-9C, both by 31 December following the end of the financial yearCorrect
  4. DFORM GSTR-9A by 31 December and FORM GSTR-9C by 28 February

Explanation

Rule 80(3) requires a registered person with aggregate turnover exceeding five crore rupees to furnish a self-certified reconciliation statement in FORM GSTR-9C along with the annual return. Both are due by 31 December following the financial year. Since Rs 6.2 crore exceeds Rs 5 crore, filing GSTR-9 alone is insufficient. GSTR-9A is for composition taxpayers.

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