Businesses which opted for composition scheme in the July-September quarter will get to file their maiden GST returns soon.
Around 15 lakh businesses opted for composition scheme, which allows them to pay taxes at a concessional rate and makes compliance easy, till September under the Goods and Services Tax (GST) that rolled out from July 1.
"We are ready with GSTR-4 which will be used by composition scheme businesses for filing returns. The utility will be available on GSTN portal soon," GST Network CEO Prakash Kumar told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.