As per the recent tweet of PIB in Maharashtra, the Annual Return Filing will continue to be optional for 2020-21, for small Taxpayers with turnover less than Rs. 2 Crore Reconciliation statements for 2020-21 to be furnished by taxpayers with turnover of Rs. 5 Crore or more.
Source from: https://twitter.com/PIBMumbai/status/1398294661924462600