75th Independence Day Celebrations in India on 15.8.2021 Greetings

 

INDEPENDENCE DAY GREETINGS 2021

 

India celebrates 75th Independence Day on 15^th August 2021.

President Ram Nath Kovind said Independence Day celebrations will be muted for the second year in a row because of the COVID-19 pandemic.

 

President Ram Nath Kovind on 14.8.2021 said parliament is the "temple of the country's democracy" which provides the highest forum to debate issues for the well-being of people which is correct.

 

 

Independence Day is annually celebrated on 15th August every year, as a national holiday in India commemorating the nation’s independence from the United Kingdom on 15^th August 1947, the UK Parliament passed the Indian Independence Act, 1947 transferring legislative sovereignty to the Indian Constitutional Assembly.

 

From 15^th August, 1947 India is an independent Nation consisting various States and Union Territories.  Multiple languages are spoken and there are multiple religions and castes in India but they are all united and hence the growth rate of economy reached the highest position. 

 

India is the second largest country in population in the world and hence man power and qualified personnel with technical know how are available in India and hence Indians holding key posts in other countries also.

 

 

 

Annual Return under GST upto 2 crores exempted for Financial Year 2020-21

 

ANNUAL RETURN FILING EXEMPTED FOR THE F.Y.2020-21 WHOSE AGGREGATE TURNOVER BELOW RUPEES 2 CRORES
 

The Goods and Services Tax Act, 2017 came into force in India with effect from 1.7.2017. 

 The Annual Returns under GST Act, 2017 has to be filed under GST Rules as shown below:

 

Rule: 80. Annual return.- (1) Every registered person, other than those referred to in the second proviso to section 44, an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return for every financial year as specified under section 44 electronically in FORM GSTR-9 on or before the thirty-first day of December following the end of such financial year through the common portal either directly or through a Facilitation Centre notified by the Commissioner:

 

Provided that a person paying tax under section 10 shall furnish the annual return in FORM GSTR-9A.

 

(2) Every electronic commerce operator required to collect tax at source under section 52 shall furnish annual statement referred to in sub-section (5) of the said section in FORM GSTR -9B.

 

(3) Every registered person, other than those referred to in the second proviso to section 44, an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, whose aggregate turnover during a financial year exceeds five crore rupees, shall also furnish a self-certified reconciliation statement as specified under section 44 in FORM GSTR-9C along with the annual return referred to in sub-rule (1), on or before the thirty-first day of December following the end of such financial year, electronically through the common portal either directly or through a Facilitation Centre notified by the Commissioner.”.

 

Now the Central Government on the recommendations of the GST Council, exempted the registered person whose aggregate turnover in the financial year 2020-21 is upto two crore rupees, from filing annual return for the financial year 2020-21.

 

As per previous Notifications, the filing of Annual GST Returns are optional upto Financial Year 2019-20 but filing of Annual GST Returns are exempted for those whose aggregate annual is upto 2 crores for the year 2020-21.

The relevant Notification is given below for ready reference: