CBIC Notifies Extension for Filing FORM GSTR-4

By: Admin July 11, 2024 Categories: 53rd GST Council Meet | Notification & Circular

Background

In the 53rd Meeting of the GST Council held on June 22, 2024, it was recommended to amend clause (ii) of sub-rule (1) of Rule 62 of the CGST Rules and FORM GSTR-4. This amendment extends the due date for filing the annual return in FORM GSTR-4 for composition taxpayers from April 30 to June 30 following the end of the financial year. This change applies to returns for the financial year 2024-25 onwards, giving taxpayers more time to furnish their returns.

Notification

Now, the CBIC, via Notification No. 12/2024 – Central Tax dated July 10, 2024, under Section 164 of the CGST Act, has inserted the following proviso after sub-rule (1) of Rule 62 of the CGST Rules:

“Provided that the return in FORM GSTR-4 for a financial year from FY 2024-25 onwards shall be required to be furnished by the registered person till the thirtieth day of June following the end of such financial year.”

Additionally, instruction no. 2 in FORM GSTR-4 has been amended accordingly.

Effect of the Notification

The CBIC has extended the due date for composition taxpayers under Section 10 of the CGST Act to file their annual return in FORM GSTR-4 to June 30 of the following financial year, starting from FY 2024-25. Previously, the deadline was April 30.

However, the due date for filing FORM GSTR-4 for FY 2023-24 remains unchanged, i.e., April 30 following the end of the financial year.

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