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What is GSTR 4 | Company Vakil

GSTR-4 is a periodical return that taxpayers opting for Composition Scheme need to furnish every 3 months. In this article, we will discuss the following topics in detail:

1. Basics of GSTR 4

a. What is GSTR 4?

GSTR-4 is a GST Return which is to be filed by a Composition Dealer. Unlike a regular taxpayer who has to provide 3 monthly returns, a dealer opting for the composition scheme is required to provide only 1 return which is GSTR-4.

b. Who should file GSTR 4?

A taxpayer choosing for the Composition Scheme is required to file GSTR-4.

c. When is GSTR 4 due?

GSTR 4 returns have to be filed on a quarterly basis i.e. every 3 months

The due date for filing GSTR 4 is 18th of the month after the end of the quarter i.e. at the end of three months

Period Due Date
April-June ,2018 18th July, 2018
July-Sept ,2018 18th Oct, 2018
Oct-Dec ,2018 18th Jan ,2019*
Jan-Mar, 2019 18th Apr ,2019*

* subject to changes in the GST Return Filing, as suggested in 27th GST council meeting

d. How to revise GSTR 4?

GSTR-4 cannot be modified after filing on the GSTN Portal. Any mistakes in the return can be modified in the subsequent month’s return only. It means that, if a mistake is made in the GSTR-4 filed for the July-September quarter, the modification for the same can be made only when filing the subsequent quarter’s GSTR-4.

e. Late Fees and Penalty

A penalty of Rs. 200 per day is charged if the GSTR-4 is not filed.

The maximum amount of penalty that can be charged is Rs. 5,000.

Also, if the GSTR-4 is not filed for the given quarter, then the taxpayer will not be allowed to file the next quarter’s return either.

As per the Latest Notification No. 73/2017 – Central Tax late fees for GSTR-4 has been lowered to Rs. 50 per day of default.  Also, the late fees for the NIL return in GSTR-4 have been lowered to Rs. 20 per day of delay.

Details that are to be mentioned in GSTR-4 Return

GSTR 4 is a quarterly return i.e. 3 month return to be filed by Composition dealers.

Note: in view of the fact that counterparty auto-drafted details are not available for action, you have to enter the following details to file GSTR-4:

  • Inward Supplies attracting Reverse Charge merely and supplies provided by unregistered suppliers, and
  • Outward supply net turnover

The form GSTR-4 consists of a total of 13 sections:

1. Provide GSTIN: The GSTIN of the taxpayer will be auto-populated while return filing.

2. Name of the Taxable Person: The name of the taxpayer will also be auto-populated while logging into the common GST Portal

3. Aggregate Turnover: In this section, the taxpayer has to provide details of the prior year’s comprehensive turnover, and the aggregate turnover for the period of April-June, 2017 (for the first GSTR-4 return).
Note that the following fields will be auto-populated for the returns for October to December period.

GSTR 4

GSTR 4

4A. Registered Supplier ,other than reverse charge

Provide the details of inward supplies from a registered supplier either inter-state or intra-state on which reverse charge will NOT be applicable

  • These details are required to be mentioned now for January- March Return Period of FY 2017-18.

4B. Registered supplier ,attracting reverse charge (B2B)

  • Provide the details of inward supplies by a registered supplier either inter-state or intra-state on which reverse charge is applicable
  • Tax payable amount on inward supplies alongside reverse charge will be calculated based on these details
  • Tax paid under this head will be a part of cost of inward supplies

4 C. Unregistered suppliers,B2B UR

  • Provide the details of inward supplies from an unregistered supplier either interstate or intrastate
  • Count of Number of suppliers as well as Number of Vouchers is not required in the returns.

4D. Import of Services subject to reverse charge:

  • Import of services on which tax has to be paid due to applicability of reverse charge
  • Only IGST as well as Cess will be applicable and to be paid
  • Count of Number of suppliers along with Number of Vouchers is not required in the return.

GSTR 4

5A. Supplies i.e. Information furnished in Table 4 of earlier returns

If details provided earlier were incorrect

  • Corrections must be made under this table for any mistaken details filled in any of the heads under Table – 4
  • These are details which are not required to be filled for July – September Return Period of FY 2017-18

5B. (1) Debit Notes or Credit Notes, for registered supplier (CDNR)

  • The CDN against inward supplies from registered suppliers are to be mentioned here
  • The CDN against supplies attracting reverse charge is to be mentioned here. Taxes under reverse charge would be payable net off original supplies and CDNs
  • while mentioning original supplies other than reverse charge is not applicable for July – September and October – December Return Period of FY 2017-18 CDN against such supplies is also not necessary to be mentioned
  • Count of Number of suppliers is not necessary in the return

5B. (2) Debit Notes/ Credit Notes, for unregistered suppliers (CDNUR)

CDNs against inward supplies by an unregistered supplier are to be mentioned here

  • Count of Number of suppliers is not necessary in the return

GSTR 4

6. Tax on outward supplies made, Net of advance as well as goods returned (TXOS)

  • Provide the net turnover and select the applicable rate of tax, tax amount will be auto- computed.
  • IGST along with Cess is not applicable since a composition dealer is not eligible to make interstate supplies
  • Net Turnover = amount of taxable supplies (as reflected in original invoices) + advances received – goods returned + Debit Note or Credit Notes

GSTR 4

7.  Changes to Outward Supply details furnished in returns for earlier 
      tax periods in Table No. 6:

  • Any change made to details of sales provided in preceding returns is required to be stated here along with original details.
  • This will be made accessible from October – December Return Period of FY 2017-18

GSTR 4

8A. Advance sum paid for reverse charge supplies in the tax period (AT)

Advance sum paid against inward supplies which tax has to be paid under reverse charge

  • In case where the invoices have already been received against these advance payment, such payments have to be excluded.

8B. Advance sum on which tax was paid in earlier period but invoice has been received in the current period (ATADJ)

8II Amendments of information provided in Table No. 8 (I) for a prior quarter:

  • This will be made accessible from October – December Return Period of FY 2017-18

GSTR-4

9. TDS Credit acknowledged: 

Any amount of TDS deducted by the supplier while making payment to the composition dealer has to be entered in this table. GSTIN of the deducted, Gross Invoice value and the TDS amount must be mentioned here.

GSTR 4

10. Tax payable and paid: 

full amount of tax liability and the tax paid have to be specified in this table. IGST, CGST, SGST/UTGST along with Cess have to be separately mentioned here.

GSTR 4

11. Interest, Late Fee payable and paid: 

Interest and late fees payable for late filing or late payment of GST have to be provided here. The interest or late fees owed and the payment actually made should also be declared in this table.

GSTR 4

12. Refund which is claimed from Electronic cash ledger: 

Any refund of excess taxes paid could be claimed here. The refund has to be further bifurcated into tax, interest, penalty, fees, and others.

GSTR 4

13. Debit entries in cash ledger for tax or interest payment [to be populated after payment of tax and submission of return:

 Every GST payments made in cash reflects here. The payments have to be further bifurcated into tax paid through cash, interest paid and late fees paid.

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