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Relaxation in the requirement of filing of Form GST ITC 04

relaxation in filing of GST ITC 04
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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

 

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