GST Council exempts Small Taxpayers from filing GSTR-9 and 9A

GST Council - exempts Small Taxpayers - filing GSTR-9 and 9A - Taxscan

The GST Council’s 47th meeting held at Chandigarh on Tuesday and Wednesday decided to exempt taxpayers having turnover up to 2 crores from the filing of annual return in form GSTR-9 and 9A.

“Exemption from filing annual return in FORM GSTR-9/9A for FY 2021-22to be provided to taxpayers having AATO upto Rs. 2 crores,” the Government said in a statement.

GSTR-9 is an annual return to be filed yearly by taxpayers registered under GST. It consists of details regarding the outward and inward supplies made/received during the relevant previous year under different tax heads i.e. CGST, SGST & IGST and HSN codes. Basically, it is a consolidation of all the monthly/quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) filed in that year. Though complex, this return helps in extensive reconciliation of data for 100% transparent disclosures.

Form GSTR-9A is an annual return to be filed once for each financial year by taxpayers who have opted for the composition scheme any time during the said financial year.

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