CBIC waives off requirement of filing GSTR-9 for F.Y. 2019-20 for small taxpayers
It is well known that every GST registered person is required to file annual return in FORM GSTR-9 every year. However, the CBIC had earlier waived off the requirement of filing GSTR-9 for small taxpayers having an aggregate turnover of up to Rs. 2 crores in F.Y. 2017-18 & F.Y. 2018-19.
Now, the CBIC has again issued Notification No. 77/2020- Central Tax dated 15th October, 2020 extending this exemption for the F.Y. 2019-20 to give relief to small taxpayers. According to this Notification, those taxpayers who are having an aggregate turnover of less than or up to Rs. 2 crores are not required to furnish Annual Return in FORM GSTR-9 for the financial year 2019-20 also.
