New Delhi: The Central Board of Indirect Taxes and Customs (CBIC) on Sunday reduced compliance burden for GST taxpayers.
According to a CBIC tweet, taxpayers with Annual Aggregate Turnover (AATO) up to Rs 2 crore are not required to file Annual Return (Form GSTR-9/9A) for the 2020-21 fiscal year.
Similarly, taxpayers with AATO up to Rs 5 crore are not required to file the reconciliation statement in Form GSTR-9C for FY 20-21 onwards.
Also, the taxpayers with AATO above Rs 5 crore can now self-certify the reconciliation statement in Form GSTR-9C.
Compliance burden reduced for GST Taxpayers.
Taxpayers having AATO upto Rs.2 crore not required to file Annual Return (Form GSTR-9/9A) for FY 2020-21. pic.twitter.com/buUsW03qZd
— CBIC (@cbic_india) August 1, 2021
Compliance burden reduced for GST Taxpayers.
?Taxpayers with AATO upto Rs. 5 crore not required to file the reconciliation statement in Form GSTR-9C for FY 20-21 onwards.
?Taxpayers with AATO above Rs. 5 crore can now self-certify the reconciliation statement in Form GSTR-9C. pic.twitter.com/x6QcpDHwwa
— CBIC (@cbic_india) August 1, 2021
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