Taxpayers having aggregate turnover of up to INR 5 crore, not required to furnish GSTR-9C for F.Y. 2019-20

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The CBIC vide Notification No. 79/2020- Central Tax dated October 15, 2020 substituted proviso to sub-rule (3) of Rule 80 of the Central Goods and Services Tax Rules, 2017 (“CGST Rules”) to relax the requirement of furnishing a copy of audited annual accounts and a reconciliation statement in Form GSTR-9C for the financial year 2019-20 for every registered person having aggregate turnover of up to INR 5 crores. Now it reads as under:

“Provided that for the financial year 2018-2019 and 2019-2020, every registered person whose aggregate turnover exceeds five crore rupees shall get his accounts audited as specified under sub-section (5) of section 35 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C for the said financial year, electronically through the common portal either directly or through a Facilitation Centre notified by the Commissioner.”

Earlier, this relaxation was only for the financial year 2018-19 now it has been extended to the financial year 2019-20.

The Notification can be accessed at: http://www.a2ztaxcorp.com/wp-content/uploads/2020/10/No.-79-2020-–-Central-Tax.pdf

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