Question ID : 38032

GST filing

A cooperative bank, which has obtained registration for GST during FY 2018-19. However bank has taxable gst turnover during FY 2017-18. 01. Whether such taxable turnover needs to be filed and How to file earlier taxable details in GST portal. 02.If bank is subject to audit under GST, how to file 9 and 9C for FY 2017-18.

Yes the Bank should file GST Returns for 2017-18 and get their accounts audited, also file GSTR 9 & 9C, shall also be liable to a penalty under section 122(1)(xi). However, the Portal presently allows to file GST Returns only from the Month of Registration. In this case you will have to prepare all the return manually and submit the same to Jurisdictional Officer and ask him the further course of action.