TaxTMI 
TaxTMI 
XYZ’s turnover in the F.Y. 2019 – 20 was more than ₹ 5 crores and therefore they had filed Annual Return GSTR – 9 and GSTR – 9C. In the Financial Year 2020 – 21 their turnover was less than ₹ 2 Crores. Are they required to file Annual Return GSTR – 9 and GSTR – 9C for Financial Year 2020 – 21?
Annual Returns for F.Y. 20 - 21
12 Oct 2021 
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Annual return threshold: GSTR-9 optional below prescribed turnover; consider filing to reconcile ITC differences and portal drafts.
Whether GSTR-9 and GSTR-9C must be filed depends on aggregate turnover in the financial year for which the return is due; if turnover does not exceed the prescribed threshold, filing is not mandatory. Notifications provide optional procedures for small taxpayers and may treat returns as deemed filed; debate exists on whether an auto-drafted portal return equals taxpayer filing. Practitioners advise voluntary filing where ITC or book-return mismatches exist, while others recommend a written intimation when filing is optional to avoid data-analytics scrutiny. (AI Summary)
Whether GSTR-9 and GSTR-9C must be filed depends on aggregate turnover in the financial year for which the return is due; if turnover does not exceed the prescribed threshold, filing is not mandatory. Notifications provide optional procedures for small taxpayers and may treat returns as deemed filed; debate exists on whether an auto-drafted portal return equals taxpayer filing. Practitioners advise voluntary filing where ITC or book-return mismatches exist, while others recommend a written intimation when filing is optional to avoid data-analytics scrutiny. (AI Summary)