As a part of the 6th anniversary of the implementation of the Goods and Services Tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) has announced that it has waived the filing of annual returns through Form GSTR-9 and GSTR-9C for turnover up to 2 crores and 5 crores respectively.
The CBIC has granted an exemption from filing the annual returns in Form GSTR-9 for taxpayers with an aggregate turnover of up to 2 crores. Additionally, the requirement to file a reconciliation statement in Form GSTR-9C has been waived for taxpayers with an aggregate turnover of up to 5 crores. Through the waiver, the government aimed to lessen the compliance burden of the taxpayers.
Read More: Taxscan
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