As per twitter handle of Deputy CM of Bihar , Shri Sushil Kumar Modi – Filing of Annual Return in GST waived for dealers below 2 crore turn over. Above 2 crore Annual GST returns will be simplified.
Further Update from Press Releases by Ministry of Finance on decisions taken in 37th GST Council Meeting
GST Council, in its meeting recommended –
1. Relaxation in filing of annual returns for MSMEs for FY 2017-18 and FY 2018-19 as under:
a. waiver of the requirement of filing FORM GSTR-9A for Composition Taxpayers for the said tax periods; and
b. filing of FORM GSTR-9 for those taxpayers who (are required to file the said return but) have aggregate turnover up to Rs. 2 crores made optional for the said tax periods.
2. A Committee of Officers to be constituted to examine the simplification of Forms for Annual Return and reconciliation statement.
Also Read Press Releases by Ministry of Finance on decisions taken in 37th GST Council Meeting