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