HELPMYBIZ

GSTR-4 ANNUAL RETURN

MEANING

GSTR-4 is an Annual Return which is required to filed by Registered Person who has opted for Composition Scheme during financial year or were in composition scheme for any period during the said Financial Year from 01st April, 2019.

Under this Form, Composition Taxpayer has to declare details regarding summary of outward supplies, Inward supplies, import of services and supplies attracting reverse charge etc. in this form.

GSTR-4 has to file even if you opted out from composition scheme. The Form shall include details for the period for which you are under Composition Scheme.

PRECONDITION OF FILING GSTR-4

Taxpayer has opted for composition scheme for even a day during the Financial Year.

Taxpayer has Filed Quarterly statements under Form CMP-08 for the relevant financial year.

WHO CAN NOT FILE GSTR-04

CASUAL TAXABLE PERSON

NON-RESIDENT TAXABLE PERSON

INPUT SERVICE DISTRIBUTOR

PERSON REQUIRED TO DEDUCT TAX U/S 51

PERSON REQUIRED TO COLLECT TAX U/S 52

OIDAR

TIME LIMIT

GSTR 4 must be filed by the Composition Dealer by 30th day of April following the end of Financial Year.

LATE FEES FOR DELAY FILING

PARTICULAR	MINIMUM LATE FEES	MAXIMUM LATE FEES
NIL GSTR-4	Rs. 20/day (Rs10-CGST and RS.10-SGST)	Rs.500
TAX LIABILITY IN GSTR-4	Rs. 50/day (Rs25-CGST and Rs25-SGST)	Rs. 2000

COMPONENTS OF FORM GSTR4

PARTICULARS	DETAILS
TABLE 4	Table 4 is Place where we declare our Inward Supplies. It mainly consists of: Table 4A&B where we declare inward supplies received from Registered Person Table 4C Inward supplies received from Unregistered Person Table 4D Import of Services
TABLE 5	Table 5 is used to view auto-populated detailed filed during the financial year in CMP-08.
TABLE 6	In Table 6, we file tax rate wise details of outward supplies during the financial year (net of advances and goods returned)
TABLE 7	It includes details of TDS/TCS received during the financial year.