The Central Board of Indirect Taxes and Customs (CBIC) has notified to exempt Registered Taxpayers having Aggregate turnover upto Rs.2 crore from filing annual return for Financial Year 2020-21 from filing annual return.
“In exercise of the powers conferred by the first proviso to section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, hereby exempts the registered person whose aggregate turnover in the financial year 2020-21 is upto two crore rupees, from filing annual return for the said financial year,” the government notified.
This notification shall come into force from the 1st August, 2021.
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