Recently, The GST Council had made the recommendations relating to exemption from filing annual return in FORM GSTR-9/9A for FY 2021-22 to small taxpayers in its 47th meeting held in Chandigarh on 28-29th June 2022 under the chairmanship of the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.
The above recommendation has been notified by CBIC vide Notification No. 10/2022-Central Tax dated July 05, 2022 to exempt the registered person whose aggregate turnover in the financial year 2021-22 is up to two crore rupees, from filing annual return for the said financial year.
Earlier, The CBIC vide Notification No. 47/2019-Central Tax dated October 9, 2019 (as amended) has made filing of annual return under section 44 (1) of CGST Act for F.Y. 2017-18, 2018-19, 2019-20 & 2020-21 optional for small taxpayers whose aggregate turnover is less than Rs 2 crores.
