The government has extended the deadline for filing annual return by composition dealers for 2019-20 till August 31.
The Central Board of Indirect Taxes and Customs (CBIC) issued a notification and extended the due date for filing GSTR 4 annual return for 2019-20 by composition dealers to August 31 from the earlier July 15.
The composition scheme can be opted by any of the taxpayer whose turnover is less than Rs. 1.5 crore. Under the scheme, manufacturers as well as traders need to pay GST at the rate of 1% while restaurants not serving alcohol need to pay 5% GST.