Relaxation of GSTR Return for Composition Dealer for quarter ending 31st March 2020

The Government has issued several notifications in order to implement the compliance relaxation announced by Hon’ble Finance Minister amid Pandemic COVID 19. We have compiled various Clarification on Compliance Relaxation for GSTR Return for Composition Dealer for the quarter ending 31st March 2020.

Extension to opt for Composition Scheme for the Financial Year 2020-21 – 30th June 2020.

The CBIC, vide Notification No. 30/2020-CT dated 03.04.2020, has provided that the person who wants to opt for Composition Scheme for the Financial Year 2020-21 can opt for the same till 30th June 2020 instead of 31st March 2020.

Extension of due date of filing Form GST CMP-08 – 7th July 2020.

The CBIC, vide Notification No. 34/2020-CT dated 03.04.2020, has extended the due date of filing Form GST CMP-08, statement containing details of payment of self/-assessed tax, by the composition dealer for the quarter ending 31st March 2020 to 7th July 2020.

Extension of due date of filing Form Form GSTR-4 for the Financial Year 2019-20 – 15th July 2020.

The CBIC, vide Notification No. 34/2020-CT dated 03.04.2020, has extended the due date of filing Form GSTR-4 by the composition dealer for the Financial Year 2019-20 to 15th July 2020.

CA Adityavikram Banka