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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

 

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