GST Update:- Waiver form furnishing FORM GSTR-1 for 2019-20 for taxpayers who could not opt for ‘Special Composition Scheme’

Notification :-  12/2020-Central Tax  (Date of Application-21.03.2020)

Old Provision New Provision

Composition dealers are required to file Quarterly return in Form GST CMP-08 and Annual Return in Form GSTR-4 under GST Act.

The Composition dealer who instead of furnishing Form GST CMP-08 have instead furnished a return in Form GSTR-3B are not required to furnish Form GSTR1 or Form GST CMP-08 for all the tax periods in financial year 2019-20.

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