43rd GST Council Meeting

Several relief measures were announced in the 43rd GST Council meeting. These relief measures are in relation to returns for March, April, May 2021. The Council also discussed on the applicability of Annual Return (GSTR 9) and Reconciliation Statement (GSTR 9C) for FY 2020-21. 

They’ve also decided that the existing format of GST returns (GSTR 1 and GSTR 3B) both quarterly and monthly are working well and need to be incorporated in the law.

All relief measures in relation to compliances (GSTR 1 and GSTR 3B), annual return and few other important changes have been discussed in the video.