Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.
Exemption from Filing Annual GST Return for Small Businesses (Section 44)
The Government of India, through the Ministry of Finance's Department of Revenue and the Central Board of Indirect Taxes and Customs, has issued a notification regarding the filing of annual returns under the Central Goods and Services Tax Act, 2017. According to Notification No. 15/2025, dated September 17, 2025, the Commissioner, with the Council's recommendations, has decided that registered individuals or businesses with an annual turnover of up to two crore rupees are exempt from filing an annual GST return. This exemption applies to the financial year 2024-25 and onwards. This decision aims to reduce the compliance burden on small businesses, allowing them to focus more on their operations rather than regulatory paperwork. The notification indicates a move towards simplifying tax procedures for smaller enterprises, thereby encouraging their growth and sustainability within the Indian economy.
Note: It is an AI generated summary for reference purpose only.
GOVERNMENTOFINDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
NOTIFICATION No.15/2025 – Central Tax
New Delhi, the 17th day of September 2025
S.O.......(E) — In exercise of the powers conferred by the first proviso to sub-section (1) of section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, in respect of filing of annual return for the financial year 2024-25 onwards, hereby exempts the registered person whose aggregate turnover in any financial year is up to two crore rupees, from filing annual return that said financial year.
