{"id":16076,"date":"2020-09-09T15:13:27","date_gmt":"2020-09-09T09:43:27","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=16076"},"modified":"2020-09-09T18:25:54","modified_gmt":"2020-09-09T12:55:54","slug":"cbic-extension-of-deadline-for-gst-return-filing-fy-2019-20","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/cbic-extension-of-deadline-for-gst-return-filing-fy-2019-20\/","title":{"rendered":"CBIC: Extension of deadline for GST Return Filing FY 2019-20"},"content":{"rendered":"\n

The extension of deadline for GST Return Filing for the FY 2019-20 till 31st October 2020 has been passed by the CBIC. All the taxpayers covered under the composition scheme can now file the annual GST returns under <\/strong>GSTR 4 due date<\/strong><\/em>, for the FY 2019-20, by 31st August 2020. This date has been extended by the CBIC from 31st August to 31st October. <\/p>\n\n\n\n

Any taxpayer having an annual turnover of less than INR 1.5 Crore can choose the composition scheme under the GST rule. All the traders and manufacturers under this scheme must pay 1% GST while others who don\u2019t fall under the composition scheme must pay 5% for the restaurants (not for alcohol).<\/p>\n\n\n\n

Read our article<\/b>:GST Portal Rolled out New Offline Tool for filing GSTR 4 Annual Return Form<\/a><\/mark><\/p>\n\n\n\n

What is GSTR-4 Form?<\/h2>\n\n\n\n

Form GSTR-4 is an annual return to be filed once\nfor every FY by the taxpayers who have selected for composition scheme during\nthe said FY. In Composition scheme for any time period during the FY, from 1st\nApril, 2019 taxpayers must provide details concerning summary of outward\nsupplies, Inward supplies, import of services and supplies that attract reverse\ncharge in this form.<\/p>\n\n\n\n

Who needs to file GST Annual Return?<\/h3>\n\n\n\n

All the registered taxpayers who have opted the composition scheme under GST need to file Annual Return by filing Form GSTR-4. <\/em><\/strong><\/p>\n\n\n\n