The Central Government today notified that the time limit for filing GST return in Form GSTR-4 by the Composition dealer is extended to 24th December 2017.
Unlike a normal taxpayer who needs to furnish 3 monthly returns, a dealer opting for the composition scheme is required to furnish only 1 return which is GSTR-4.
The objective of composition scheme is to bring simplicity and to reduce the compliance cost for the small taxpayers. The businesses dealing only in goods can opt for composition scheme. Service providers have been kept outside the scope of this scheme, except those providing restaurant services.
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