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Government of India
Ministry of Finance
(Department of Revenue)
Central Board of Indirect Taxes and Customs
Notification No. 31/2021 – Central Tax
New Delhi, the 30th July, 2021
G.S.R......(E).— 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 2020-21 is upto two crore rupees, from filing annual return for the said financial year.
2. This notification shall come into force from the 1st day of August, 2021.
[F. No. CBEC-20001/5/2021-GST]
(Rajeev Ranjan)
Under Secretary to the Government of India
FAQ :
Registered persons whose aggregate turnover in the financial year 2020-21 was up to ₹2 crore are exempt from filing the annual return.
The aggregate turnover limit for exemption is up to ₹2 crore for the financial year 2020-21.
This notification comes into force from the 1st day of August 2021.
This exemption applies to the financial year 2020-21.
The Central Board of Indirect Taxes and Customs (CBIC), under the Ministry of Finance, Government of India, issued this notification.
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Source : https://www.cbic.gov.in/resources//htdocs-cbec/gst/notfctn-31-central-tax-english-2021.pdf