Relief! Composition scheme businesses to now file simplified 'self-assessed' GST return quarterly
As per a Central Board of Indirect Taxes and Customs (CBIC) notification, composition scheme taxpayers will now file GSTR-4 annually by April 30 for the previous financial year ending March 31.
There are 1.21 crore businesses registered under Goods and Services Tax (GST), of which 20 lakh are under composition scheme. Image source: Zeebiz