PANAJI
The State government has notified an exemption for registered persons with an aggregate turnover of up to Rs 2 crore in any financial year from filing annual GST returns. The notification, issued by Commissioner of State Tax S S Gill, will take effect from financial year 2024-25.
"In exercise of the powers conferred by the first proviso to sub-section (1) of Section 44 of the Goa Goods and Services Tax Act, 2017, the Commissioner, on the recommendations of the Council, in respect of filing of annual return for the financial year 2024-25 onwards, hereby exempts the registered person whose aggregate turnover in any financial year is up to two crore rupees, from filing annual return that said financial year," reads the notification.
The exemption comes in line with the recommendations of the GST Council.
