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<h1>Small Taxpayers with Turnover Under 2 Crores Can Skip Annual Returns for FY 2017-20 Per Section 44(1) Amendment.</h1> The notification amends Notification No. 47/2019 - Central Tax, making the filing of annual returns under section 44(1) of the CGST Act optional for small taxpayers with an aggregate turnover of less than 2 crores for the financial years 2017-18, 2018-19, and now includes 2019-20, provided they have not filed the return before the due date. This amendment, issued by the Central Government on the recommendation of the Council, is effective as per Notification No. 77/2020 - Central Tax dated 15th October 2020.