Annual return exemption for small taxpayers removes filing requirement for eligible registered persons for specified financial years. Exemption from filing the annual SGST return is prescribed for registered persons whose aggregate turnover in any financial year does not exceed two crore rupees, applicable from the financial year 2024-25 onward. The Finance Commissioner, invoking the first proviso to sub-section (1) of section 44 of the Mizoram Goods and Services Tax Act, 2017 and acting on Council recommendations, issued a notification exempting such taxpayers from the obligation to file the annual return for the specified financial year.
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Provisions expressly mentioned in the judgment/order text.
Annual return exemption for small taxpayers removes filing requirement for eligible registered persons for specified financial years.
Exemption from filing the annual SGST return is prescribed for registered persons whose aggregate turnover in any financial year does not exceed two crore rupees, applicable from the financial year 2024-25 onward. The Finance Commissioner, invoking the first proviso to sub-section (1) of section 44 of the Mizoram Goods and Services Tax Act, 2017 and acting on Council recommendations, issued a notification exempting such taxpayers from the obligation to file the annual return for the specified financial year.
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