GSTR-9 & GSTR-9C Filing Requirement Waived For Taxpayers with 2 Cr. & 5 Crore Turnover
The CBIC has notified that GSTR-9 and GSTR-9C Filing requirements are Waived for Taxpayers with 2 crore and 5 crore Turnover. For Reducing the Compliance burden of Small Taxpayers, CBIC take this step and made this waving-off of the Filing requirement decision to contribute more to the ease of doing business initiatives.
Via his Twitter handle, CBIC announced this. The tweet goes like “6YearsOfGST Reducing compliance burden of Small Taxpayers.
1. Requirement of filing an Annual Return in FORM GSTR-9 has been waived for taxpayers with annual turnover up to Rs.2 Crore.
2. Requirement of filing reconciliation statement in FORM GSTR-9C by taxpayers with annual turnover up to Rs.5 Crore has been waived ”
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