Annual return filing exemption applies to registered persons with turnover up to two crore rupees for 2022-23. Registered persons whose aggregate turnover in the financial year 2022-23 is up to two crore rupees are exempted from filing the annual return for that financial year. The exemption is issued under the first proviso to section 44, on the recommendations of the Council, and is deemed to have come into force with effect from 31 July 2023.