Goods and Services Tax (GST) taxpayers with a turnover of more than Rs 5 crore will be able to self-certify their annual return.
Now Goods and Services Tax taxpayers with a turnover of more than Rs 5 crore will be able to self-certify their annual return. For this, there will no longer be a need to get mandatory audit certification from Chartered Accountants.
Compliance burden reduced for GST Taxpayers.
- Taxpayers with AATO upto Rs. 5 crore not required to file the reconciliation statement in Form GSTR-9C for FY 20-21 onwards.
- Taxpayers with AATO above Rs. 5 crore can now self-certify the reconciliation statement in Form GSTR-9C.
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Radhika Goyal is Author of Taxconcept Gurugram head office, for deeply reported tax, gst and income tax articles on issues that matter. He splits her time between New Delhi and Bengaluru, and has worked as a reporter, a podcaster and an editor for publications across India.