Bo the returns are annual returns for composition dealers. Due to recent changes in GST returns there is a lot of confusion among stakeholders, that whether we need to file both returns for the same year, and if yes then what is the difference between GSTR 4 and GSTR 9A.
GSTR 4- Annual Return for composition dealer
New GSTR 4 is a GST Annual Return that must be filed by the taxpayers opting for Composition Scheme. Until the Financial Year 2018-19, the return was filed every quarter which got replaced by CMP-08.
GSTR 9- Annual Return for composition dealer
The GSTR 9A is the Annual Return to be filed once in a year by taxpayers who have opted for the Composition Scheme under GST for a particular financial year, it includes all the information furnished in the quarterly return filed by the composition taxpayers during that financial year.
Also Read:- What is GST Input Tax credit -ITC with example and rules
Difference between GSTR 4 and GSTR 9A
Here is the complete difference between GSTR 4 and GSTR 9A–
| S. No. | Basis | GSTR 9A | GSTR 4 (Annual) |
|---|---|---|---|
| 1 | Section | It is an annual return, prescribed under section 44 of the CGST Act, 2017. That needs to be filed for every financial year. | It is an annual return, prescribed under section 39 of the CGST Act, 2017. That needs to be filed for every financial year on or before 30th April, following of financial year. |
| 2 | Due date | For FY 2019-20, the due date of GSTR 9A is 31.12.2020 | For FY 2019-20, the due date of GSTR 4 has been extended upto 31.10.2020 |
| 3 | Applicability | It has been optional for FY 2018-19 and for FY 2019-20 it is mandatory need to be filed by 31.12.2020. | GSTR 4 is mandatory w.e.f from FY 2019-20 onward. |
| 4 | Refunds/demand | Details for refund/demand during the year needs to be filed under other information table. | Not Applicable |
| 5 | PY Transactions | Any details reported in returns of April to September of current FY or upto the date of filing of Annual return of previous FY, which ever is earlier has to be mentioned in GSTR 9A. | Not Applicable |
| 6 | Input Tax Credit | Details of ITC reversed or availed to be disclosed here, if a taxpayers opt in/out of composition scheme. | Not Applicable |
| 7 | Inward supply details | Only consolidate figure of inward supplies needs to be mentioned. (Break up of taxable value and tax rate is not required) | Bill wise summary of inward supply including supplies on which reversed charge is paid (as per GST portal) needs to be furnished. |
Also Read- GSTR 3B Return- A Simple guide to GSTR 3B
Conclusion- Although we have tried to clear the doubts of professionals through the above table but from the point of view of taxpayers, it is unable to understand why taxpayers required to submit two annual returns for the same period.
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Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.
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Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants)