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GST Annual filing waived off for taxpayers below Rs 2 cr turnover

The GST Council in its 37th meeting held at Goa provided relief to MSMEs by allowing them waiver to file GSTR-9 and GSTR-9A for FY 2017-18 and FY 2018-19. Additionally, filing of Form GSTR-9 for those taxpayers who have aggregate turnover up to Rs 2 crore has been made optional for the said tax periods. A Committee of Officers will be constituted to examine the simplification of Forms for Annual Return and reconciliation statement. In another significant announcement, the new return system which was to be introduced from October 2019, will now be introduced from April, 2020. 

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