GSTR-9 & GSTR-9C Filing Requirement Waived For Taxpayers with 2 Cr. & 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.
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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 ”
Also Read: A Guide to Income Tax Filing For The First Time
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Krishna Gopal Varshney
An editor at MyitronlinenewsKrishna Gopal Varshney, Founder & CEO of Myitronline Global Services Private Limited at Delhi. A dedicated and tireless Expert Service Provider for the clients seeking tax filing assistance and all other essential requirements associated with Business/Professional establishment. Connect to us and let us give the Best Support to make you a Success. Visit our website for latest Business News and IT Updates.
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