Synopsis of Notifications Issued on 30th July 2021

Synopsis of Notifications Issued on 30th July 2021

Notification No. 29/2021 – Central Tax

As part of ease of doing business, in the Finance Bill 2021, the GST Audit has been scrapped and Annul Returns are being simplified with self-certification of the taxpayer only.

The same has been made effective from 1st August 2021.

Notification No. 30/2021 – Central Tax

As per the Finance Bill 2021, changes have been announced for the formats of GSTR – 9 and 9C.

With this notification GSTR -9C is now self-certified but the format will remain the same except for few changes.

Annul Return i.e., GSTR – 9 has to be filed on or before 31st December, which means the due date for filing of Annual Return for the FY 2020- 2021 is 31st Dec 2021.

Sr. NoForm TypeTax Payer CategoryDue Date
1Form GSTR – 9Regular Tax payers31st Dec 2021
2Form GSTR – 9AComposition Tax payers 
3Form GSTR – 9Be-commerce operators31st Dec 2021
4Form GSTR – 9C (Reconciliation Statement) (Applicable
to taxpayers whose turnover is above ₹ 5 crores
Regular Tax payers31st Dec 2021

Following are the changes made to Form GSTR – 9

The return is not made applicable to FY 2020-21.

Following are the changes made to Form GSTR – 9C

Certification will be self-certified by the taxpayer and does not require certification of a practicing Cost or a Charted Accountant.

Others Column has been added to the following tables

Table 9 – Reconciliation of rate wise liability and amount payable thereon

Table 11 – Additional amount payable but not paid (due to re

Part V – Additional Liability due to non-reconciliation

Certification Section – Part B has been dropped

Notification No. 31/2021 – Central Tax

 Taxpayers having aggregate turnover below ₹ 2 crores are not exempted from filing of Annual Return i.e., Form GSTR – 9.

The effective date of the Notification is 1st August 2021.

Disclaimer

Any views or opinions represented above are personal and belong solely to the author and do not represent those of people, institutions, or organizations that the author may or may not be associated with in professional or personal capacity unless explicitly stated. Any views or opinions are not intended to malign any religion, ethnic group, club, organization, company, or individual.

2 thoughts on “Synopsis of Notifications Issued on 30th July 2021

  1. section 35(5) is omitted effective 01/08/2021 ie it is no longer in statute hence the gst audit not applicable from fy 20-21 as section 35 does not speak of a financial year

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