Notification No. 10/2022 – CT GST Annual Return Exemption

Want to File ITR, GST Returns & Pvt. Ltd. Registration

Notification No. 10/2022 – Central Tax: Seeks to exempt taxpayers having AATO up to Rs. 2 crores from the requirement of furnishing annual return for FY 2021-22

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)]

G.S.R....(E).— In exercise of the powers conferred by the first proviso to section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Commissioner, on the recommendations of the Council, hereby exempts the registered person whose aggregate turnover in the financial year 2021-22 is up to two crore rupees, from filing annual return for the said financial year.

(Rajeev Ranjan)
Under Secretary

📚 Frequently Asked Questions (FAQs): Notification No. 10/2022 - Central Tax

Q1: What is the main purpose of Notification No. 10/2022 – Central Tax?

Answer:
The notification, issued on 5th July 2022, exempts registered taxpayers with an Aggregate Annual Turnover (AATO) of up to ₹2 crore in FY 2021-22 from filing the annual GST return (FORM GSTR-9) under Section 44 of the CGST Act.

Q2: Who is eligible for this GST annual return exemption?

Answer:
Any registered taxpayer whose AATO for FY 2021-22 does not exceed ₹2 crore is eligible for this exemption, thereby avoiding the compliance burden of filing FORM GSTR-9.

Q3: Does this exemption apply automatically, or do taxpayers need to apply?

Answer:
The exemption is automatic for eligible taxpayers. No separate application is required. However, taxpayers should verify turnover details before assuming exemption.

Q4: If my turnover is exactly ₹2 crore, do I qualify for the exemption?

Answer:
Yes ✅, the exemption applies to taxpayers with turnover up to ₹2 crore, including exactly ₹2 crore.

Q5: Does this exemption cover both regular and composition taxpayers?

Answer:
This exemption applies primarily to regular taxpayers required to file FORM GSTR-9. Composition taxpayers have a different compliance structure (GSTR-4) with separate waiver notifications.

Q6: What happens if I want to file my annual return despite being exempt?

Answer:
You can voluntarily file your GST annual return even if exempt. This may be beneficial for record-keeping or loan documentation purposes.

Q7: Does this exemption also waive GST reconciliation under FORM GSTR-9C?

Answer:
The exemption specifically relates to annual return filing (GSTR-9). The applicability of GSTR-9C depends on turnover thresholds and separate CBIC notifications.

Q8: Will similar exemptions be given in future years?

Answer:
The government has been issuing such exemptions for previous years as well. Future exemptions depend on CBIC’s recommendations and GST Council decisions.

Q9: Where can I get professional help for GST compliance and exemptions?

Answer:
You can consult a GST Expert or use services like:
GST Compliance
GST Registration
GST Return Filing
Income Tax Return Filing

Q10: Is there any penalty if I mistakenly skip filing despite being ineligible for exemption?

Answer:
Yes ⚠️, ineligible taxpayers who fail to file GSTR-9 may face late fees and penalties under GST law. Always confirm your turnover before deciding.

✅ Summary:

Notification No. 10/2022 – Central Tax offers significant compliance relief for small businesses with AATO up to ₹2 crore in FY 2021-22 by exempting them from filing the GST annual return. While it reduces administrative burden, businesses should ensure eligibility before availing the exemption.