Quick Summary
The Ministry of Finance has issued Notification No. 15/2025 - Central Tax (S.O. 4205(E)) providing a major compliance relief for small businesses under the Goods and Services Tax (GST) regime. On the recommendations of the GST Council, the government has exempted registered persons with an aggregate
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FAQ :
Registered taxpayers with an aggregate turnover of up to £2 crore in any financial year are exempt.
The exemption applies for the financial year 2024-25 onwards.
The annual GST return is known as Form GSTR-9.
This move reduces compliance costs and eases the GST filing burden on businesses with limited resources.
The notification is issued under the first proviso to Section 44(1) of the CGST Act, 2017.
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