Rule Amendment Overview:
The Central Goods and Services Tax (Sixth Amendment) Rules, 2021, introduces changes to the annual return filing process.
Title and Commencement:
Effective from August 1, 2021, these rules are titled the Central Goods and Services Tax (Sixth Amendment) Rules, 2021.
Rule 80 Substitution:
Rule 80 is substituted, mandating registered persons (excluding specific categories) to file annual returns electronically in FORM GSTR-9 by December 31 of each financial year.
Annual Return Forms:
FORM GSTR-9A is specified for those paying tax under section 10, while electronic commerce operators use FORM GSTR-9B for tax collected at source.
Reconciliation Statement Requirement:
Businesses with an aggregate turnover over five crore rupees must also furnish a self-certified reconciliation statement in FORM GSTR-9C along with the annual return.
Amendments in FORM GSTR-9 Instructions:
FORM GSTR-9 instructions reflect amendments for financial years 2019-20 and 2020-21, detailing changes in various sections and tables.
Enhanced Clarity in Instructions:
Instructions provide clarity on reporting transactions paid in FORM GSTR-3B between April 2021 and September 2021 for the financial year 2020-21.
These amendments streamline the annual return filing process, enhancing transparency and adherence to GST regulations.