Annual return requirement updated: reconciliation statement now exempt for smaller taxpayers and GSTR-9/GSTR-9C amended for FY 2020-21. The substituted Rule 80 requires most registered persons to file FORM GSTR-9 electronically and limits the obligation to furnish a self-certified reconciliation statement in FORM GSTR-9C to registered persons whose aggregate turnover exceeds the prescribed exemption threshold; FORM GSTR-9A and GSTR-9B remain applicable to composition taxpayers and e-commerce operators collecting tax at source respectively. Amendments to FORM GSTR-9 and GSTR-9C update instructions and tables to incorporate FY 2020-21, specify treatment of transactions and ITC reversals/reclaims reported in returns filed in the post-year months, add categories in GSTR-9C Part A, revise Part V to cover additional liability from non-reconciliation and erroneously taken refunds, update the verification wording for a self-certified statement, and omit Part B certification.