(effective from 1st August 2021)
CBIC via Notification no. 30/2021 dt. 30th July, 2021 has notified amended Rule 80 of Central Goods and Services Tax Rules, 2017 which provides rules regarding Annual Return.
The following amendments were made :
- Threshold limit for filing FORM GSTR-9C has been increased from ₹ 2 crores to ₹ 5 crores.
- In rule 80(3), the words "furnish a copy of audited annual accounts and a reconciliation statement, duly certified in FORM GSTR-9C", has been replaced with "furnish a self-certified reconciliation statement as specified under section 44 in FORM GSTR-9C along with the annual return referred to in sub-rule (1)"
- In FORM GSTR-9, FY 2019-20 has been replaced with FY 2020-21, wherever applicable.
- Part-B of FORM GSTR-9C providing Certification has been omitted.
Further, via Notification No. 31/ 2021 dt 30th July, 2021 CBIC has exempted registered persons, whose aggregate turnover in FY 2020-21 is upto ₹ 2 crores, from filing Annual Return.
Feel free to contact in case of any query or consultation.
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