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CBIC extends the Due Date of GSTR-4 for Composition Taxpayers

CBIC extends the Due Date of GSTR-4 for Composition Taxpayers

The Central Board of Indirect Taxes & Customs (CBIC) has extended the due date for filing of GSTR-4 required to be filed by registered persons opting for composition scheme under GST vide its Notification no.59/2020-Central Tax dated 13th July 2020 for FY:2019-20. This Notification seeks to amend Notification No.21/2019-CT dated 23rd April 2020 by substituting the due date from 15th July 2020 to 31st August 2020. A Taxpayer opting for Composition Scheme under GST is required to file GSTR-4 for a financial year on or before 30th April following the end of such financial year.

Such Taxpayers are required to furnish only 1 return i.e. GSTR-4. Such Taxpayers are also required to pay self-assessed tax under Form CMP-08 for every quarter or part thereof as the case may be till 18th of the month succeeding such quarter which. This form has in turn replaced GSTR-4 from FY:2019-20 (which was required to be file every quarter earlier) to make the tax compliance for Composition Scheme Optees hassle free.GSTR-4 is now required to be filed annually from FY:2019-20.

Earlier, Notification no.34/2020-CT dated 3rd April 2020 had amended the Notification No.21/2019-CT by prescribing the due date of Form CMP-08 for the quarter ending March 2020 from 18th April 2020 to 7th July 2020. While due date of furnishing GSTR-4 for FY:2019-20 was extended from 30th April 2020 to 15th July 2020. It is to be noted that the Facility for furnishing GSTR-4 has not yet been enabled on GSTN Portal.



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