Amendment in Compliance Rules:
The Indian Government, based on GST Council recommendations, amends the Central Goods and Services Tax Rules, 2017.
Extension for GSTR-4 Filing:
Notification alters the compliance deadline for filing GSTR-4 for the financial year ending March 31, 2021.
Registered persons now have until May 31, 2021, to submit their GSTR-4.
Additional Proviso Introduced:
An additional proviso is added to the existing notification, specifying the extended deadline for GSTR-4.
Effective Date:
The amendment is deemed effective from April 30, 2021.
Rationale for Extension:
Recognizing the challenges posed by the ongoing pandemic, the extension aims to provide relief to businesses.
Procedural Adjustment:
The alteration streamlines compliance procedures, acknowledging the exceptional circumstances.
Continued Compliance Efforts:
While offering flexibility, the government encourages timely compliance with the revised deadline.
Government responds to business needs by extending the deadline for GSTR-4 filing, aligning regulations with the ongoing economic challenges.