Taxcharcha
GSTLatest

Relaxation in the requirement of filing of Form GST ITC 04

relaxation in filing of GST ITC 04

In the 45th GST Council Meeting, it has been recommended that there has been a relaxation in the filing of Form ITC 04.

Requirement of filing FORM GST ITC-04 under rule 45 (3) of the CGST Rules has been relaxed as under:

  1. Taxpayers whose annual aggregate turnover in preceding financial year is above 5 crores shall furnish ITC-04 once in six months;
  2. Taxpayers whose annual aggregate turnover in preceding financial year is upto Rs. 5 crores shall furnish ITC-04

 

Related posts

Circular No. 102/21/2019-GST – Clarification regarding applicability of GST on additional / penal interest – r e g.  

Team Taxcharcha

Clarification regarding Annual Returns and Reconciliation Statement – Ministry of Finance

Team Taxcharcha

Notifications for extension of due date of GST returns in cyclone hit districts of Andhra Pradesh and Tamil Nadu

Team Taxcharcha