Filing Form GSTR-4 Annual Return by Composition Taxpayers on GST Portal What is Form GSTR-4 Annual Return: – With effect from 1st April, 2019, all Composition Taxpayers are required to file Form GSTR-4 Annual Return, on annual basis, for each financial year. Who are required to file Form GSTR-4 Annual Return: All registered taxpayers who have opted for composition scheme or were under composition scheme under […]
Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for opting for composition scheme by normal taxpayers, for the financial year 2020-21. These are notified in Notifications 30/2020 Central Tax, dated 03.04.2020. Circular No. 136/06/2020-GST dated 3rd April, 2020 has also been issued. Read Also : GST and IT Refund to be issued […]
BIG RELIEF FOR SMALL TAXPAYERS-GST COMPOSITION LIMIT INCREASED TO RS 1.5CR CBIC has issued notification for GST Composition Limit which are applicable from 01.04.2019 on various issues on 07.03.2019. Notification No 14/2019 dated 07.03.2019 has been issued to increase the limit for eligibility of composition scheme from Rs 1.00 Cr to Rs 1.5 Cr . From […]
As we all are aware that due date for filing GSTR 4 ( Quarterly Return ) for Composition dealers is arriving fast on 18th April 2018.In less than a week remaining for date to arrive , there is a big blow on Small Taxpayers (Composition Dealers Turnover below 1 crore) to give Purchase details (Both […]
Big Relief to Small Taxpayers In GST Composition Scheme. Government of India has made significant and important changes in composition scheme wef 01.01.2018 regarding tax rate and value of turnover for calculation of tax.Big relief has been given to small taxpayers in GST Composition Scheme from April 2018 CHANGES IN RATE OF TAX AND VALUE […]