CBIC exempt the registered person whose aggregate turnover in the financial year 2022-23 is up to two crore rupees, from filing annual return for the said financial year vide Notification No. 32/2023-Central Tax, Dated: 31st July, 2023
Exemption: As per the first proviso to section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, based on the recommendations of the Council, has granted an exemption to registered persons with an aggregate turnover of up to two crore rupees in the financial year 2022-23. These registered persons are exempted from filing the annual return for the said financial year.
This notification provides relief to registered persons with a turnover of up to two crore rupees in the financial year 2022-23 by exempting them from the requirement of filing the annual return. The exemption is effective as of 31st July 2023.
Ministry of Finance
(Department of Revenue)
(Central Board of Indirect Taxes and Customs)
New Delhi
Notification No. 32/2023-Central Tax | Dated: 31st July, 2023
G.S.R. 575(E).—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 2022-23 is up to two crore rupees, from filing annual return for the said financial year.
[F. No. CBIC-20006/20/2023-GST]
ALOK KUMAR, Director
