CBIC exempts taxpayers with turnover up to ₹2 crore from filing annual GST returns for FY 2024-25 onwards under Notification 15/2025.
Effective September 17, 2025, the Commissioner of Central Goods and Services Tax (GST) has issued an exemption from filing the annual GST return for certain businesses. This is outlined in Notification No. 15/2025 – Central Tax. The exemption applies to registered persons whose aggregate annual turnover is up to two crore rupees for the financial year 2024-25 and onwards. This means that businesses with a turnover below this threshold are no longer required to file the annual return for that specific financial year. This decision was made based on the recommendations of the GST Council and is enacted under the authority of the first proviso to sub-section (1) of section 44 of the Central Goods and Services Tax Act, 2017. The notification aims to simplify compliance for small businesses by removing the requirement for an annual return, which was previously mandatory for all registered taxpayers, regardless of their turnover. This change is effective for future financial years as well, starting with 2024-25.
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)
Notification No. 15/2025 – Central Tax | Dated: 17th September, 2025
S.O. 4205(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.
[F. No. CBIC-20001/2/2025-GST]
RAUSHAN KUMAR, Under Secy.
