Annual GST Return Filing for 2019-20
2 years ago
Hello,
I have registered a business on Jan 2020 on the GST portal - gst.gov.in and my business generates income from international transactions that don't happen in India, so since then I have been filing Nil Returns for GSTR 1 and 3B every month but haven't filed the annual return for the year 2019-20. The due date has gone already but I was told by someone that it is not mandatory for the first year if registered in 2020 or something like that. Can anyone explain that to me a bit please and clear out the doubt for me in detail. Would be appreciated. Thanks in advance.
A.Hi,
Annual return is filed within 60 days from the date on which the Annual General Meeting (AGM) is held or if no AGM is held then you have to file an annual return within 60 days from the date on which the AGM should have been held together with the statement specifying the reasons for not holding the AGM with such fees or additional fees as may be prescribed. The first AGM should be held within 18 months from the date of incorporation. So, if you have not conducted an AGM from January 2020 till the date of filing of the annual return, then it is not necessary to file them.
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Annual return is filed within 60 days from the date on which the Annual General Meeting (AGM) is held or if no AGM is held then you have to file an annual return within 60 days from the date on which the AGM should have been held together with the statement specifying the reasons for not holding the AGM with such fees or additional fees as may be prescribed. The first AGM should be held within 18 months from the date of incorporation. So, if you have not conducted an AGM from January 2020 till the date of filing of the annual return, then it is not necessary to file them.
If you like this response, please rate us. Thank you.
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