GSTR-4 Due Date Extended for Composition Taxpayers
The GSTR-4 filing due date for composition taxpayers has been extended by the GST Council. Previously set at 30th April, the new due date is 30th June, effective from the Financial Year 2024-25 onwards. This update simplifies compliance for small businesses operating under the Composition Scheme.
📌 Key Changes in GSTR-4 Due Date
- Old Due Date: 30th April
- New Due Date: 30th June
- Applicability: From FY 2024-25 onwards
This change provides composition taxpayers with an extra two months to file their annual return.
Why the Due Date Extension Matters
1. Reduced Compliance Pressure
Small businesses often face challenges in meeting filing deadlines due to limited resources. This extension eases the compliance burden by giving additional time.
2. Improved Accuracy
Extra time allows businesses to reconcile their records and file accurate returns, reducing the risk of penalties.
3. Aligned with Business Cycles
The new date aligns better with the quarterly accounting cycles, helping taxpayers manage their filings efficiently.
Summary of GSTR-4 Updates
| Aspect | Details |
|---|---|
| Old Due Date | 30th April |
| New Due Date | 30th June |
| Applicability | FY 2024-25 onwards |
| Reason for Change | Simplify compliance for taxpayers |
What Should You Do Next?
- Mark the new date on your calendar: Ensure GSTR-4 is filed by 30th June.
- Stay updated: Follow GST notifications for future changes.
- Consult your tax advisor: To ensure timely and accurate filing.