Small businesses in India with an aggregate turnover of up to two crore rupees in the financial year 2023-24 are now exempt from filing their annual Goods and Services Tax (GST) return. This exemption has been granted by the Central Board of Indirect Taxes and Customs (CBIC) under the Central Goods and Services Tax Act, 2017. This measure aims to simplify compliance for smaller enterprises.
GOVERNMENT OF INDIAMINISTRY OF FINANCE(DEPARTMENT OF REVENUE)CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS
NOTIFICATION
No. 14/2024 Central Tax
New Delhi, the 10th July, 2024
G.S.R. ......(E). In exercise of the powers conferred by the first proviso to section 44 of the Central Goods and Services
Daily Limit Reached
You have reached your daily limit of 2 Free Notice & Circular
Subscribe to
CCI PRO
for unlimited access
Why Upgrade to
CCI PRO?
-
No Ads
-
WhatsApp Broadcasts
-
Daily E-Newsletter
-
Unlimited Notice & Circular Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
Buy CCI PRO Now
Already a PRO member?
Login here
for an ad-free experience.
FAQ :
Registered persons whose aggregate turnover in the financial year 2023-24 is up to two crore rupees are eligible for the exemption.
This exemption applies to the financial year 2023-24.
The aggregate turnover threshold is up to two crore rupees.
The notification was issued by the Central Board of Indirect Taxes and Customs (CBIC) under the Ministry of Finance, Government of India.
The filing of the annual return for the financial year 2023-24 is being exempted for eligible registered persons.
Guest
Notification No : 14/2024Published in GST
Source : https://taxinformation.cbic.gov.in/view-pdf/1010099/ENG/Notifications