The 47th GST official has suggested waiving the late fee for the delay in filing form GSTR-4 for FY 2021-22 and extending the last date to file the form GST CMP-08 for the first quarter of FY 2022-23.
According to a press release provided post to the press meeting the GST official has decided to extend the waiver of the late fee beneath section 47 for the late filing form GSTR-4 for FY 2021-22 by approximately four more weeks, i.e. till 28.07.2022 (The existing waiver is for the period from 01.05.2022 till 30.06.2022)
Moreover, it is also decided to extend the last filing date of form GST CMP-08 for the 1st quarter of FY 2022-23 from 18.07.2022 to 31.07.2022.
“GSTN has also been asked to expeditiously resolve the issue of a negative balance in Electronic Cash Ledger being faced by some of the composition taxpayers,” the press release articulated.
GSTR-4 form is a yearly return form for those assessees who have chosen the GST composition scheme in the new indirect tax regime. Beneath the GST composition scheme, the assessee would need to furnish only one return in every fiscal year.
Read Also: Easy to Know Key Decisions of GST 47th Council Meeting
Form GST CMP-08 would be used to show the information or summary of self-assessed tax that is subjected to be paid for the specified quarter by assessees who are enrolled as composition taxable individual or assessee chosen for the composition levy.
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