Quick Summary
The Central Board of Indirect Taxes and Customs (CBIC) issued Notification No. 12/2024 - Central Tax dated July 10, 2024. This notification, exercised under the powers conferred by Section 164 of the CGST Act, introduces a new proviso to sub-rule (1) of Rule 62 of the CGST Rules, which affects the filing deadlines for taxpayers under the Composition Levy scheme. Key Update in Rule 62 of the CGST Rules The newly inserted proviso states: "Provided that the return in FORM GSTR-4 for a financia
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FAQ :
From the financial year 2024-25 onwards, the deadline for filing FORM GSTR-4 is June 30th following the end of the financial year.
This change affects registered taxpayers who pay tax under Section 10 of the CGST Act, commonly known as the Composition Levy scheme.
The new deadline is applicable for the financial year 2024-25 and all subsequent financial years.
FORM GSTR-4 is the annual return required to be furnished by taxpayers under the Composition Levy scheme.
The Central Board of Indirect Taxes and Customs (CBIC) issued this notification.
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