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of <h1>Karnataka exempts taxpayers with turnover up to Rs. 2 crore from filing annual return for FY 2021-22 under GST Act.</h1> The Government of Karnataka, through the Department of Commercial Taxes, has issued a notification exempting registered taxpayers with an aggregate annual turnover of up to two crore rupees from the requirement to file an annual return for the financial year 2021-22. This exemption is granted under the powers of the Karnataka Goods and Services Tax Act, 2017, based on the recommendations of the Council. The notification was formalized by the Commissioner of Commercial Taxes in Bengaluru on July 6, 2022.
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