As we all realize that the Annual GST return, GSTR-9 is currently open for filing on the government portal.
Evidently, every one of the traders carrying GST registration number under Composition scheme is required to file their Annual GST return in Form GSTR-9A.
So here are some significant Frequently Asked Questions that will help you explain every one of your questions on the Form GSTR-9A.
Which law has made it compulsory to file GSTR-9A?
The necessity to file the GSTR-9A is given u/s 44 of CGST Act 2017 and Rule 80(1) of CGST Rules.
As per the GST Law, every person having GST registration under composition scheme is required to do Annual GST Return filing in the Form GSTR 9A.
What is the due date to file GSTR-9A?
Right now the deadline to file GSTR-9A return is 30th June 2019.
- As per the CGST Act 2017, the deadline for the filing of GSTR 9A is 31st December of each year.
- This deadline was however extended right off the bat to 31st March 2019 and was further delayed to 30th June 2019 by the GST department.
Whether GST Tax Audit is fixed for Composition taxpayers?
No, the Composition taxpayers do not need to opt for a GST Tax Audit.
- In accordance with Section 10(1) of CGST Act 2017, the taxpayer can decide on the GST registration in Composition scheme just if his turnover does not exceed ₹1.5 Crores in the previous FY.
- Presently, the arrangements of the GST evaluation are applicable just for those taxpayers whose yearly turnover is exceeding ₹2 Crores.
- That’s why the arrangements of GST Tax Audit don’t make a difference here on the Composition taxpayers.
When can a Composition taxpayer file a NIL GST yearly return?
The NIL GST yearly return can be filed distinctly in the accompanying cases-
- On the off chance that the Composition supplier has not made any supplies as specified in the GST composite scheme.
- In the event that he has not received any internal supplies.
- On the off chance that no late fee is payable on him.