CBIC notifies amended CGST Rules simplifying the Annual Return/Reconciliation Statement

CBIC notifies the Central Goods and Services Tax (Seventh Amendment) Rules, 2019 pertaining to simplification of GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement); Prescribes following relaxations to taxpayers for FY 2017-18 and 2018-19, (i) either report the breakup of ITC as inputs, capital goods and input services or report the entire ITC under the “inputs” row (ii) either separately report his supplies as exempted, nil rated and Non-GST supply or report co...