CBIC notifies Exemption of Taxpayers having AATO up to 2cr from Filing Form GSTR-9 in F.Y. 2022-23 [Read Notification]

The Central Board of Indirect Taxes and Customs (CBIC) vide notification No. 32/2023 – Central Tax issued on 31st July 2023 has announced that the taxpayers with an Aggregate Annual Turnover (AATO) of up to 2 crore are now exempted from filing the Annual Turnover (GSTR-9) for the Financial Year 2022-23.

The notification states that “In exercise of the powers conferred by the first proviso to section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, hereby exempts the registered person whose aggregate turnover in the financial year 2022-23 is up to two crore rupees, from filing annual return for the said financial year.”

FORM GSTR-9

Form GSTR-9 is an annual return to be filed once for each financial year, by the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers. The taxpayers are required to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc. in this return.

The requirement to file Form GSTR-9 applies to individuals registered as regular taxpayers, which includes SEZ units or SEZ developers, as well as taxpayers who have transitioned from the composition scheme to normal taxpayer status at any point during the financial year.

Pre-conditions for filing Form GSTR-9

1. Taxpayer must have active GSTIN during the relevant financial year as a normal/regular taxpayer even for a single day.
2. Taxpayer has filed all applicable returns i.e. Form GSTR-1/IFF and Form GSTR-3B of the relevant financial year before filing the Annual Return.

To Read the full text of the Notification CLICK HERE

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