GST annual return exemption for registered persons with turnover up to two crore rupees under Karnataka GST framework. Exemption from filing the GST annual return is granted to registered persons whose aggregate turnover in any financial year is up to two crore rupees. The exemption applies for the financial year 2024-25 onwards under the Karnataka Goods and Services Tax framework and is issued under the power conferred by the first proviso to section 44(1).