GST Return Filing Deadline Extended For Composition Dealers
Msme
oi-Olga Robert
By Staff
On Monday, the government extended the due date for filing of annual GST returns for 2019-20 by composition dealers to 31 October. It is the second extension in as many months given by the government.
Earlier, the original deadline of 15 July was extended till 31 August.
In a tweet, the Central Board of Indirect Taxes and Customs (CBIC) said, "Last date GSTR 4 for FY 2019-20 extended to 31st October 2020".
Goods and Services Tax (GST) composition scheme can be opted by any taxpayer whose turnover is up to Rs 1.5 crore.
Under the scheme, manufacturers and traders are required to pay GST at the rate of 1 percent, while restaurants (which do not serve alcohol) have to pay GST at 5 percent rate.
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