The CBIC has notified exemption from GST Annual Return Filing for taxpayer having Aggregate Annual Turnover upto Rs.2 Crore for FY 2023-24 via issuing Notification Stated.
Reetu | Aug 1, 2023 |
CBIC Notifies exemption from GST Annual Return Filing for taxpayers having Aggregate ATO upto Rs.2 Crore
The Central Board of Indirect Taxes and Customs (CBIC) has notified exemption from GST Annual Return Filing for taxpayers having Aggregate Annual Turnover upto Rs.2 Crore for FY 2023-24 via issuing Notification Stated.
The Notification Stated. “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.”
Summary of CBIC Notification dated 31/07/2023
| Notification | Date | Subject |
| No. 31/2023- Central Tax | 31.07.2023 | Pilot to be conducted in U.T. of Puducherry for risk-based biometric-based Aadhaar authentication of registration applicants |
| No. 32/2023- Central Tax | 31.07.2023 | CBIC notifies exemption from filing of GST annual return for taxpayers having aggregate annual turnover upto two crore rupees, for FY 2022-23. |
| No. 33/2023- Central Tax | 31.07.2023 | The CBIC, based on the Council’s recommendation, has designated “Account Aggregator” as the system for sharing information with the common portal under Section 158A of CGST and IGST Act. This notification shall come into force with effect from the 1st day of October, 2023. |
| No. 34/2023- Central Tax | 31.07.2023 | CBIC has exempted certain taxpayers making supplies of goods through an electronic commerce operator. Conditions: Aggregate turnover not exceeding the registration threshold, no inter-State supplies, one-State or UT operations, valid PAN, and enrollment on the common portal. |
| No. 01/2023 – Integrated Tax | 31.07.2023 | CBIC has amended section 16 of IGST Act, to provide for restriction of IGST refund route in respect of exports of tobacco, pan masala & other similar items as well as mentha oil. The notification comes into effect from October 1, 2023. |
For Official Notification Download PDF Given Below:
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