Notification No. 47/2019
Date: October 9, 2019
Subject: Special procedure making filing of annual return optional for small taxpayers for FYs 2017-18 and 2018-19.
Description:
This notification notifies registered persons having aggregate turnover up to ₹2 crore as a class of persons who may opt not to furnish annual return under section 44 read with rule 80 for FY 2017-18 and FY 2018-19. If the return is not filed by the due date, it shall be deemed to have been furnished. It provides major compliance relief to small taxpayers.
Amendment:
Yes it has been amended through notification 77/2020