In order to give effect to the Union Budget recommendations to abolish the GST Audit by a Chartered Accountant or a Cost Accountant, the Central Board of Indirect Taxes and Customs have issued the Notification No. 30/2021 dated 30th July 2021 in which it has been specifically mentioned that for the taxpayers having aggregate turnover of more than Rs. 5 Crores in the relevant financial year shall not require the Part B Certification which is certification by the Chartered Accountant or Cost Accountant. In place of the Certification by the Professionals, a Self certification mechanism shall be implemented for the Form 9C for the FY 2020-21. The due date for filing the Form 9C for FY 2020-21 is 31st December 2021. It is pertinent to note that the step towards the self certification by the taxpayers shall impact the Tax Professionals as earlier the Form 9C certified by the Chartered Accountants / Cost Accountants give a sense of reliability and thorough scrutiny of the Books of Accounts by the Professionals. But now as there shall be a self certifying mechanism through which the Taxpayers are not required to get it audited from the Designated Professionals. Also in the Notification, the various columns have been updated pertaining to give effect to the FY 2020-21 figures and April to September 2021 figures.
Another Notification No. 31/2021 has been notified in which it has been notified that the GSTR 9 for the Taxable Person are not required to file having aggregate turnover of less than Rs. 2 Crores.
Both the Notifications shall come into effect with effect from 1st August 2021.
| Aggregate Turnover in FY 2020-21 | Form 9 | Form 9C |
| Less than Rs. 2 Crores | Exempt | Exempt |
| Between Rs. 2 Crores to Rs. 5 Crores | To be filed | Below threshold limit |
| Above Rs. 5 Crores | To be filed | To be filed |
To view and download the Notifications, click here
