Increase GST audit applicability threshold from Rs 2 Crores to 10 Crores to ease burden- DGGST
|Director General GST proposes to Policy wing of CBIC issues pertaining to Form 9, 9A & 9C
The Office of Director General of GST have proposed CBIC to increase GST audit applicability threshold from Rs 2 Crores to 10 Crores to ease burden because the notified form 9 C contains lots of information and data and hence will be huge burden for small taxpayers.
The Central Board of Indirect Taxes have recently issued the format for GST Audit report i.e. Form GSTR-9C, which is required to be furnished by taxpayers with revenue of above Rs 2 crore. These assessees are also required to get their books audited by a chartered accountant. (Refer Link for notification of Form 9C)
The office have also proposed certain other policy measures to ensure smooth compilation and filing of Form 9 & 9A
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