GST Annual Return Exemption FY 2024-25 – Section 44(1) Notification 15/2025

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....ST Annual Return Exemption FY 2024-25 – Section 44(1) Notification 15/2025<br>By: - CA Sandeep Rawat<br>Goods and Services Tax - GST<br>Dated:- 27-10-2025<br>The CBIC has provided relief to small taxpayers under Notification No. 15/2025-CT dated 17-09-2025. From FY 2024-25 onwards, registered taxpayers with aggregate turnover up to Rs. 2 crore are exempt from filing GST Annual Return (GSTR-9). T....

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....his step simplifies GST compliance and reduces administrative burden. --- 1. Understanding Section 44(1) of the CGST Act Section 44(1) requires every registered taxpayer to file GSTR-9 annual return, reconciling: Outward and inward supplies Input Tax Credit Taxes paid Before Notification 15/2025-CT, all regular taxpayers were required to file GSTR-9, adding compliance cost and administrativ....

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....e effort, especially for small businesses. --- 2. Key Features of Notification 15/2025-CT a. Exemption Threshold Taxpayers with aggregate turnover = Rs. 2 crore are exempt from GSTR-9 filing. Effective from FY 2024-25 onwards. b. Definition of Aggregate Turnover Includes: All taxable supplies (inter-state & intra-state) Exempt supplies Exports of goods/services Inter-state supplies by t....

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....he same PAN Excludes: Reverse charge supplies Non-GST supplies c. Eligible Taxpayers Regular registered taxpayers with turnover = Rs. 2 crore Excludes: taxpayers above Rs. 2 crore or required to file GSTR-9C (audit-based) --- 3. Benefits of the Exemption Reduces compliance burden for MSMEs, startups, and small businesses Saves time and cost in annual GST reconciliation Allows focus on m....

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....onthly/quarterly GST returns (GSTR-1, GSTR-3B) Encourages ease of doing business and digital adoption --- 4. Practical Guidance for Taxpayers 1. Verify Aggregate Turnover: Ensure total turnover does not exceed Rs. 2 crore. 2. Maintain Proper Records: Books of accounts and invoices must be maintained even if exempt. 3. Continue Other GST Compliance: GSTR-1 and GSTR-3B filing remains mandatory....

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..... --- 5. Government's Objective CBIC aims to: Reduce compliance burden on small taxpayers Promote ease of doing business Encourage digital GST filing and adoption --- 6. Conclusion Notification No. 15/2025-CT is a landmark relief for small taxpayers. Exemption from GSTR-9 filing simplifies GST compliance, reduces administrative burden, and promotes growth for MSMEs and small businesses. ....

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....For further guidance or queries on GST compliance, connect at CA sandeep rawat at 9315776867 or email [email protected].<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....