Annual return optional for F.Y. 2017-18 and 2018-19 for Turnover below Rs. 2 crore

written by GST expert | October 10, 2019

Notification 45/2019 draws timeline for filing of GSTR 1 for the period from October 2019 to March 2020 (because from April 2020 new returns would take over GSTR 1 and GSTR 3B), where turnover of a person having aggregate turnover in preceding financial year or current financial year does not exceed Rs. 1.5 crore and who has opted for quarterly filing of GSTR 1 shall file their GSTR 1 for October 2019 to December 2019 quarter by 31st January 2020 and for January 2020 to March 2020 quarter by 30th April 2020.

 

Notification 46/2019 draws timeline for filing of GSTR 1 for the period from October 2019 to March 2020 (because from April 2020 new returns would take over GSTR 1 and GSTR 3B), where turnover of a person having aggregate turnover in preceding financial year or current financial exceed Rs. 1.5 crore shall file their monthly GSTR 1 for every month by eleventh of succeeding month.

 

Notification 47/2019 notifies that every registered person whose aggregate turnover in a financial year does not exceed Rs. 2 crore and who has not furnish annual return till date will have the option to furnish such annual return for F.Y. 2017-18 and 2018-19. Now there is a proviso in the notification which says “Provided that the said return shall be deemed to be furnished on the due date if it has not been furnished before the due date”, according to some experts this proviso means that if you don’t file your annual return before due date it will be auto populated using the data and will be filed on due date. However I don’t think it can be filed automatically because the notification itself says that its optional for people with turnover below 2 crore and second even if its auto populated to submit the return it would require EVC and without that annual return won’t be filed so I don’t think because of this proviso your annual return will be automatically filed. I think its just to avoid levying late fee they have mentioned that those who don’t file annual return till due date and fall within above category shall be deemed to have filed it on the due date.

 

Link to original notification:

45/2019: //cbic-gst.gov.in/pdf/central-tax/notfctn-45-central-tax-english-2019.pdf

46/2019: //cbic-gst.gov.in/pdf/central-tax/notfctn-46-central-tax-english-2019.pdf

47/2019: //cbic-gst.gov.in/pdf/central-tax/notfctn-47-central-tax-english-2019.pdf

 

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