CBIC exempts the registered person whose aggregate turnover in the financial year 2020-21 is up to two crore rupees, from filing annual GST return
CBIC exempts the registered person whose aggregate turnover in the financial year 2020-21 is upto two crore rupees, from filing annual GST return by issuing Notification No. 31/2021-Central Tax Dated : 30th July, 2021. With this, the liability has been shifted from the CA professionals to the taxpayers themselves. It may ease compliance requirement of furnishing reconciliation statement in FORM GSTR-9C as taxpayers may themselves be able to self-certify reconciliation statement, instead of getting it done and certified by a chartered accountants.
This will be applicable for Annual Return for FY 2020-21.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
New Delhi
Notification No. 31/2021-Central Tax Dated :
30th July, 2021
G.S.R. 518(E).—In exercise of the powers conferred by the first proviso to section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, hereby exempts the registered person whose aggregate turnover in the financial year 2020-21 is upto two crore rupees, from filing annual return for the said financial year.
2. This notification shall come into force from the 1st day of August, 2021.
[F. No. CBEC-20001/5/2021-GST]
RAJEEV RANJAN, Under Secy
