Background:
Earlier, Notification No. 47/2019 – Central Tax dated October 9, 2020 made it optional for small taxpayers whose aggregate turnover is less than ₹ 2 crores and who have not filed the said return before the due date for the FY 2017-18 and 2018-19.
Subsequently, vide Notification No. 77/2020- Central Tax dated October 15, 2020, the above benefit was extended to the FY 2019-20 as well.
Notification:
The Notification No. 31/2021- Central Tax dated July 30, 2021 exempted the registered person whose aggregate turnover in the FY 2020-21 is upto ₹ 2 crores, from filing annual return for the said FY.
This notification shall come into force from the August 1, 2021.
The Notification can be accessed at: https://www.cbic.gov.in/resources/htdocs-cbec/gst/notfctn-31-central-tax-english-2021.pdf