CBIC vide Notification No. 29/2021 & 30/2021- Central Tax dated July 30, 2021 has removed the mandatory requirement of getting annual accounts audited by a chartered accountant or a cost accountant and furnishing of audited reconciliation statement in Form GSTR-9C. Now, annual return in Form GSTR-9 is to be provided along with a reconciliation statement (GSTR-9C) on self-certification basis.

Also, the requirement of providing audit reconciliation statement for F.Y. 2020-21 onward on self-certification basis is applicable to taxpayers with Annual Aggregate turnover above 5 Crore.