From Rs 2 cr to Rs 10 cr – CBIC think-tank for raising revenue limit for GST returns

A think-tank within the Central Board of Indirect Taxes and Customs (CBIC) has recommended that the revenue threshold for annual GST return be raised to Rs 10 crore from Rs 2 crore currently to avoid burdening smaller taxpayers. The tax department recently issued the format for GSTR-9C, which is required to be furnished by taxpayers with revenue of above Rs 2 crore. These assessees are also requir…