CBIC Exempts Small Taxpayers from Filing GST Annual Return for FY 2024-25 Onwards



Quick Summary
The Ministry of Finance has announced a significant compliance relief for small businesses under the GST regime. Registered taxpayers with an aggregate turnover of up to £2 crore in any financial year are now exempt from filing the annual GST return (Form GSTR-9). This exemption, effective from the financial year 2024-25 onwards, aims to reduce compliance costs and ease the filing burden for small traders and MSMEs.

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 turnover of up to Rs 2 crore in any financial year from filing the GST annual return (Form GSTR-9) for FY 2024-25 and onwards.

GST Annual Return Exemption for Small Businesses from FY 2024-25

Key Highlights of the Notification

Exemption from Annual Return Filing

  • Registered taxpayers with turnover up to Rs 2 crore will not be required to file the annual GST return.
  • This exemption applies for the financial year 2024-25 onwards, bringing permanent relief to small taxpayers.

Legal Basis

  • The notification has been issued under the first proviso to Section 44(1) of the CGST Act, 2017, empowering the Commissioner to exempt certain classes of registered persons from filing annual returns.

Who Benefits?

  • Small taxpayers, MSMEs, and small traders with turnover below the ₹2 crore threshold.
  • This move reduces compliance costs and eases the GST filing burden on businesses with limited resources.

Background

Since the introduction of GST in 2017, the annual return (Form GSTR-9) has been a mandatory compliance requirement for most taxpayers. However, over the years, the government has consistently provided relief to small taxpayers through annual exemptions. This latest notification makes the exemption applicable from FY 2024-25 onwards, offering long-term certainty.

Official copy of the notification has been attached

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.




News posted by

Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

Comments :


More »


Popular News





CCI Pro



Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
09 September 2026
SENIOR AUDITOR & ACCOUNTS MANAGER

Anupam Parashar & Co.

Ghaziabad

CA Final

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details