Circular No. ES/122/2021-22 31st July, 2021
To: Members of the Council
Sub: CBIC exempts taxpayers having AATO upto Rs. 2 crores from the requirement of furnishing annual return for FY 2020-21
CBIC has issued Notification No. 31/2021 – Central Tax dated 30th July, 2021 by exempting taxpayers having Annual Aggregate Turnover (AATO) upto Rs. 2 crores from the requirement of furnishing annual return for FY 2020-21.
This notification shall come into force from 1st August, 2021.
Members are requested to kindly make a note of the above.