India

Good News GST Taxpayers! Know New Relaxations In Compliance Burden

By
OB Bureau

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.

OB Bureau

Recent Posts

Is China Building A Road In Occupied Kashmir Near Siachen?

New Delhi: If latest satellite pictures are an indication, China could be building a road in…

April 25, 2024

Technocrat Hara Prasanna Mishra Passes Away In Bhubaneswar

Bhubaneswar: Well-known technocrat Hara Prasanna Mishra passed away in Bhubaneswar on April 21. He was…

April 25, 2024

3 Arrested For Producing Fake Bail Bond In Bhubaneswar Court

Bhubaneswar: Police have arrested three persons for allegedly producing fake bail bond in a court…

April 25, 2024

SOA Signs MoU With Mysuru Firm For Collaboration In Realm Of Semiconductors

Bhubaneswar: Siksha ‘O’ Anusandhan (SOA) Deemed to be University on Thursday signed a Memorandum of…

April 25, 2024

22 Places In Odisha Record 42 Degree Celsius Or More Amid IMD Forecast Of Further Rise in Temperature

Bhubaneswar: Even as entire Odisha came under severe heatwave with 22 places recording 42 degree…

April 25, 2024

57th Honorary Doctorate For Achyuta Samanta, 1st From A Women’s University

Bhubaneswar: Another feather was added to Dr Achyuta Samanta’s cap on Wednesday when he was…

April 25, 2024

From Asmita To Number One State Status, BJD & BJP Up The Poll Ante In Odisha

Bhubaneswar: After projecting themselves as the sole custodian of Odisha's culture, history and aspirations, the…

April 25, 2024

Brush With Death: Former Test Cricketer Guy Whittall Survives Leopard Attack

London: Former Zimbabwean Test cricketer Guy Whittall had a close shave recently after being attacked by…

April 25, 2024