Annual Return for turnover below 1.5 cr.

Ankush Gupta (25 Points)

04 February 2020  
I have turnover below 1.5 crore in FY 2017-18 and 2018-19. Do i need to file annual return?
Somewhere i heard that it is optional to file annual return for turnover below 1.5 crore. My business place is UP. So is it true? any notification in this regard?