GSTR 4 Annual Return- Meaning, Applicability, Due Dates

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. In this post, we will discuss this annual return’s meaning applicability, late fees, due dates, etc.

FAQ on GSTR 4 (Annual Return, for FY 2019-20 onward)

What is GSTR 4 Return ?

It is a yearly return to be filed by composition taxpayers yearly. Earlier it was a quarterly return and now it becomes an annual return from FY 2019-20.

Who is required to filed ?

All the registered taxpayers who have opted for composition scheme under GST for any period during the financial year.

This includes:

  • Every person opted for composition scheme since registration under GST and still covered under composition scheme.
  • Every person opted in for composition scheme before starting of the financial year.
  • Every person opted in for a composition scheme but subsequently opted out any time during the year.

Is it mandatory to file GSTR 4 ?

Yes, it is mandatory to file this GST return for all composition taxpayers.

What is the due date of GSTR 4 ?

The due date of GSTR 4 is 30th of the month succeeding in the financial year i.e. 30th April on a yearly basis.

Note:- For FY 2019-20, The government has extended the due dates up to 31.10.2020.

Also, Know the Difference between New GST Annual Return and GSTR 9A- Composition dealer

Can I file NIL GSTR 4 ?

NIL return can be filed if following condition are satisfied.

If taxpayer

  • Not made any outward supply.
  • Not received any goods or/and services.
  • Have no other liabilities to record.
  • Have filed all forms CMP 08 as NIL.
  • There are no late fees to be paid for form GSTR 4.

How to revise GSTR 4 ?

The GSTR return once filed can not be revised.

What is late fees for delay filing of GSTR 4 ?

A late fee of Rs. 200 per day is levied if the return is not filed within the due date.

What details are entered in GSTR 4 ?

A) Basic and Other details 

  1. GSTIN 
  2. Legal name & Trade name 
  3. TDS/TCS credit received 
  4. Tax, interest, late fee payable and paid 
  5. Refund claimed from Electronic cash ledger 

B) Details regarding Inward and Outward Supplies 

  1. Invoice wise details of all inward supplies which includes inter and intra-state supplies and supplies from registered and unregistered persons including reverse charge supplies and import of services. 
  2. Summary of all self-assessed liability as per GST CMP-08 which shall be Net of advances, credit, and debit notes, and any other adjustments due to amendment tables, etc. 
  3. Tax rate wise details of outward supplies/inward supplies attracting reverse charge which shall be Net of advances, credit and debit notes and any other adjustments due to amendments, etc. and consolidated details of Outward supplies. 

Hence, there is no requirement to provide invoice wise details of outward supplies as neither they entitled to input tax credit nor can they pass any input tax credit to its customer. However, details of inter-state and intra-state inward supplies received from registered and unregistered persons are to be provided invoice wise.

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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)

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