A threshold limit has been decided for the applicability of GST annual return and audit. GST annual return shall be filed by taxpayers whose turnover exceeded Rs. 2 crores in a financial year. GST audit has been removed from the GST law. However, the GSTR-9C reconciliation statement is still applicable to taxpayers on a self-certification basis. Taxpayers whose turnover exceeded Rs. 5 crores are required to file GSTR-9C on a self-certification basis.