GST Council likely to waive off annual returns for small taxpayers to ease compliance burden

In a bid to ease the compliance burden for small taxpayers, the upcoming Goods and Services Tax (GST) Council is likely to waive off the mandatory requirement to file GST annual returns for taxpayers below annual turnover of Rs 2 crore. “GST Council in its meet on September 20 will consider the proposal to do away with the compliance of filing annual GST Returns -- GSTR9, GSTR9A and GSTR9C, for th…