Annual return exemption for small registered persons with limited turnover for 2022-23, effective from late July 2023. Exemption from filing the annual return is granted to registered persons whose aggregate turnover in the financial year 2022-23 does not exceed two crore rupees, relieving them of the obligation to submit the annual return for that financial year; the notification, issued by the Commissioner on the Council's recommendation, takes effect from 31 July 2023.