For F.Y 19-20 what is GST Audit Limit? And What is the GST Annual Return Limit? And What are the mandatory and optional fields in Form 9 & Form 9C.

Reply- As per notification No.47/2019–Central Tax Dated: 9th October 2019 as amended by Notification no.77/2020- Central Tax Dated 15th October 2020 registered persons whose aggregate turnover in a financial year does not exceed two crore rupees are not required to furnish the Annual Return for the financial year 2019-20.

As per amendment in Rule 80 of CGST Rules via Notification No.79/2020–Central Tax, Dated 15th October, 2020, every registered person whose aggregate turnover during the financial year 2018-2019 and 2019-20 exceeds five crore rupees shall get his accounts Audited as specified under sub-section (5) of section 35 and he shall furnish a copy of Audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C for the said financial year, electronically through the common portal either directly or through a Facilitation Centre notified by the Commissioner.

As per notification no. 79/2020 (central tax) dated 15.10.2020, in Form GSTR-9, in the entry beginning with the word, letters, and figures “For FY 2017-18” and ending with the words “an option to not fill this table.”, for the letters, figures and word “FY 2017-18 and 2018-19”, the letters, figures and word “FY 2017-18, 2018-19 and 2019-20” shall be substituted.

Therefore while filing Annual Return for the financial year 2019-20, these relaxations of optional feilds will be continued.