• 04 Jul 2023 06:36 PM
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CBIC waives annual return filing in Form GSTr-9 for turnover up to ₹2 crore

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In a tweet, CBIC also announced that the requirement of filing reconciliation statement in Form GSTr-9C by taxpayers with annual turnover up to ₹5 crore has also been waived.

In a tweet, CBIC also announced that the requirement of filing reconciliation statement in Form GSTr-9C by taxpayers with annual turnover up to ₹5 crore has also been waived.

The step has been taken to reduce compliance burden of small taxpayers.Premium
The step has been taken to reduce compliance burden of small taxpayers.

The Central Board of Indirect Taxes & Customs (CBIC) has waived the requirement of filing Annual Return in Form GSTr-9 for taxpayers with annual turnover up to 2 crore.

In a tweet, CBIC also announced that the requirement of filing reconciliation statement in Form GSTr-9C by taxpayers with annual turnover up to 5 crore has also been waived.

Form GSTR-9 is used to file GST annual returns for taxpayers registered as regular taxpayers, SEZ units and SEZ developers.

The step has been taken to reduce compliance burden of small taxpayers.