Rumors about scrap of GSTR 9 & 9C:
There is some news about scrapping the requirement of filing GSTR 9 &9C. Taxpayers having turnover upto Rs. 5 Crore may get relief from filing GSTR 9 &9C. What it means for a taxpayer. Some taxpayers were looking forward to amending their errors in GSTR 9. But then now, if these things are correct, they will lose that opportunity. Direct assessment will be the only way out. It will take a lot of time of department and taxpayers as well.
Taxpayers requested for a simplification. But the form was never being simplified. It wasted a lot of working hrs of professionals as well as taxpayers. But at the end of the day relief to taxpayers from filing it. Will it be a relief or trouble. Again in place of simplification, removal of return itself will cause a lot of problems.