Registered taxpayers with aggregate turnover up to two crore exempted from filing annual return from FY 2024-25 onwards. Exempts registered persons with aggregate annual turnover up to two crore rupees from filing the annual return for FY 2024-25 and thereafter, under authority of the proviso to the statutory annual return provision, following the Council's recommendation; the exemption applies solely to the annual return filing obligation and is premised on the two crore turnover threshold.