CBIC offers more relaxations to small taxpayers for FY20

economictimes.indiatimes.com
3 min read
fairly difficult
The requirement to file annual return in GSTR-9 by taxpayers having aggregate turnover upto Rs 2 crore has been made optional for financial year 2019-20.
The Central Board of Indirect Taxes and Customs ( CBIC ) has provided further relaxations in compliance for small taxpayers for the financial year ended March 2020, afterThe requirement to file annual return in GSTR-9 by taxpayers having aggregate turnover up to Rs 2 crore has been made optional for financial year 2019-20.Filing of reconciliation statement in GSTR-9C for financial year 2019-20 has been relaxed for taxpayers having aggregate turnover up to Rs 5 crore.The decisions were taken by the GST Council in the recent meeting earlier this month.For persons having aggregate turnover of more than Rs 1.5…
Gulveen Aulakh
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