Table of Contents
This article is all about GSTR 4, you will find here complete information on GSTR 4 with latest updates on it.
What is GSTR 4?
A person opting for composition scheme has given some relaxations under GST.
One of the benefits of opting composition scheme is that the person needs to file quarterly statement instead of filing monthly returns like normal taxpayers.
Till FY 18-19, GSTR 4 was required to file quarterly. From FY 19-20, it was made to file yearly.
Every person who has opted for composition scheme needs to it.
It contains details of all supplies and purchases made during the year.
Is it Mandatory?
Yes, every person who has opted for composition scheme needs to file GSTR 4, even if he has no business activity during that period.
To whom it is not applicable?
The Form is not applicable to certain class of person’s:
- Regular taxpayer (Paying output tax & availing input credit)
- Any Non-resident person registered
- OIDAR (Online information and database access or retrieval services)
- Any Input service distributor
- Any Casual Taxable Person
- Registered Person liable to Deduct Tax at Source u/s 51
- Registered Person liable to Collect Tax at Source u/s 52
- UIN holder (foreign diplomatic missions and embassies which are not liable to taxes in the Indian territory)
What is due dates of GSTR 4?
The due dates are mentioned below:
|
Financial Year |
Due Date |
|
FY 19-20 |
30th April following the end of financial year i.e 30th April 2020. This was further extended to 31st Oct 2020. Please see notification update at the end of the article. |
|
FY 18-19 |
18th of the month following the quarter for which return is filed |
What is the late fee for GSTR 4?
If it is not filed by the Composition taxpayer within the due date then a late fine of Rs. 200/day will be levied on the composition taxpayer, subject to maximum of Rs. 5,000.
Mode of filing?
It can be filed by following mode:
- Direct Online Entry in GST website
- Free Excel based utility can be downloaded from GST website
- Third party software provided by GST Suvidha providers.
Steps to file GSTR 4?
Step 1 Log on to GST portal (www.gst.gov.in)
Step 2 Go to Services-> returns-> Annual return as shown below
Step 3 Select the respective financial year. And click on prepare gstr-4, and then following page will be displayed as shown:
Step 4 Enter the aggregate turnover in previous financial year in serial no.3 as shown below:
Pic 3
Step 5 Select serial no. 6 in the table as shown below, If you want to file NIL return then click on ‘File Nil GSTR-4’.
PIC 4
Step 6 The following table will be appeared. Enter Aggregate turnover in serial no-13, or any other rate applicable , tax will be calculated automatically. And then save the form.
Step 7 Click on back button and then click on proceed to file, following screen will appear stating the late fee (if filed after due date). Add the amount in the cash ledger if late fee applicable and click the check box, then click on tab File Gstr-4.
Step 8 Select the authorized signatory and file the return using EVC/DSC (as the case may be). Then download the form summary.
Can we revise GSTR 4?
GSTR 4 once filed cannot be cancelled or revised.
Updates and notifications
|
Update or Notification No. |
Details |
|
93/2020-Central Tax dt 22.12.2020 |
Waive late fee for FORM GSTR-4 filing in UT of Ladakh for Financial year 2019-20. |
|
67/2020-Central Tax dt 21.09.2020 |
waiver / reduction in late fee for not furnishing FORM GSTR-4 for 2017-18 and 2018-19, subject to the condition that the returns are filled between 22.09.2020 to 31.10.2020. |
|
64/2020-Central Tax, dt. 31.08.2020 |
Extend the due date for filing FORM GSTR-4 for financial year 2019-2020 to 31.10.2020 |
|
59/2020-Central Tax, dt. 13.07.2020 |
Extend the due date for filing FORM GSTR-4 for financial year 2019-2020 |
|
34/2020-Central Tax, dt. 03-04-2020
|
Extend the due date for FORM GSTR-4 for FY 2020-21 till 15.07.2020. |
|
77/2018-Central Tax, dt. 31-12-2018 |
Fully waive the amount of late fees leviable on account of delayed furnishing of FORM GSTR-4 for the period July, 2017 to September, 2018. |
|
41/2018-Central Tax, dt. 04-09-2018 |
Waive the late fee paid for specified classes of taxpayers for FORM GSTR-3B, FORM GSTR-4 and FORM GSTR-6 |
|
73/2017-Central Tax, dt. 29-12-2017 |
Waives the late fee payable for failure to furnish the return in the FORM |
|
59/2017-Central Tax, dt. 15-11-2017 |
Extend the time limit for filing of the FORM |
|
41/2017-Central Tax, dt. 13-10-2017 |
Extend the time limit for filing of the FORM |
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