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Question ID : 40464


Which period turnover shall consider for the Purpose of Applicability of GSTR 9 and GSTR 9C for F. Y. 2017 -18 ?

Posted by SUYOG SUDHIR AWACHAT on Nov 13, 2019

Filed Under GST

Answer ID : 80238

For entire 12 months

Posted by SUDIP KUMAR MUKHOPADHYAY on Nov 15, 2019
Answer ID : 80239

For the financial year 2017-18, the GST period consists of 9 months whereas the relevant Section 35(5) uses the expression financial year; Therefore, in the absence of clarification from the government, and to avoid any cases of default, it is reasonable to understand that to reckon the turnover limits prescribed for audit i.e., Rs. 2 crores one has to reckon the turnovers for the whole of the financial year which would also include the first quarter of the financial year 2017-18.

Posted by VARIS GOYAL on Nov 16, 2019
Answer ID : 80252

As per Press release on 3rd July 2019 The Aggregate turnover for the F.Y. 2017-18 shall be consider from July 17 to March 18.

Posted by Ninad Prataprao Shete on Nov 19, 2019
Answer ID : 80266

Jul 17 to Mar18

Posted by Ashish Kumar Goyal on Nov 27, 2019