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GSTR 4 Format - Details to Know


June 11, 2021

GSTR 4 Format

GSTR 4 Format - Details to Know

GSTR 4 is a GSTR return document for composition dealers which has to be filed by a registered taxpayer every year, 30th of April. Form of the GSTR 4 format contains the sum of the transacted sales and supplies, paid tax at a compounding rate, and invoice level details of purchases of the composition dealer made from other registered taxpayers during the tax period. GSTR4 filing is mandatory for composition dealers before the due date or GSTR 4 last date.  The following sections would give you a clear picture of how to file composition GSTR4 returns.

GSTR 4 Format and Contents

It is to be born in mind that the GSTR4 form should be submitted by providing the details in the correct GSTR 4 format. The updated GSTR 4  form has nine sections:

Table 1 - 3: Basic Details

No Table Details
1 GSTIN When a taxpayer files his returns, his GSTIN gets auto-populated at the time
2 Name of the Taxpayer When a taxpayer files the  returns, his legal name trade name would be auto-populated at the time
3 Aggregate Turnover After filing the returns in GSTR form, the aggregate turnover in the previous financial year would be auto-populated. The ARN and its date would also get auto-populated after filing.

 

GSTR  4- Table 1-3

Table 4: Inward Supplies including Supplies on which tax is to be paid on Reverse Charge.

No Table Details
4A Inward supplies from a registered supplier ( other than reverse charge) A registered taxpayer is to furnish details of all the supplies collected from a registered supplier which includes both interstate and intrastate supplies.  The reverse charge mechanism is not applicable there.
4B Inward suppliers from a registered supplier ( with reverse charge )

A registered taxpayer is to furnish details of all the supplies collected from a registered supplier which includes both interstate and intrastate supplies.  The reverse charge mechanism is applicable here.

4C Supplies from an unregistered supplier A registered taxpayer is to furnish details of all the supplies collected from an unregistered supplier which includes both interstate and intrastate supplies. 
4D Import of services A registered taxpayer is to furnish the details of all import services on which tax has to be paid due to the applicability of the reverse charge mechanism.

GSTR 4- Table  4

Table 5: Summary of self-assessed liability as per Form GST CMP 08

 Table 5 would get auto-populated from form GST CMP 08. Form: GST CMP - 08 is used for paying the tax in every quarter of the year. It would consolidate detailed payment of the CMP 08 filed in the year which means payment on outward supplies, inward supplies attracting reverse charge, tax paid, and interest paid.

GSTR 4 - Table 5

Table 6: Tax rate details of Outward/Inward Supplies attracting Reverse Charge during the year.

A registered taxpayer is to furnish the details of outward/inward supplies attracting reverse charge tax rate wise along with the total tax. The IGST, CGST, SGST, and Cess would get auto-populated.

GSTR  4- Table 6

Table 7: TDS / TCS  Credit Received

Table 7 details is about TDS/TCS credit received from a supplier or an eCommerce operator would get auto-populated. GSTIN of the deductor, gross invoice value, and the deducted TDS amount shall be mentioned in the table by the taxpayer.

Table 8: Tax, Interest, Late fee payable and paid.

No Table Details
1 Tax amount payable ( as per cable 6) The details would get auto-populated from table 6.
2 Tax amount already paid ( through FORM GST CMP 8)  It would get auto-populated as per FORM GST CMP08
3 Balance amount of tax payable This is a difference of 1 & 2 above.
4 Interest payable and interest paid Interest payable for the late filing of returns and actually paid interest has to be mentioned here.
5 Late fee payable and late paid GST late fee on late payment and the actual amount paid should be mentioned here.

Tax amounts paid under different tax heads should be separately mentioned like IGST, CGST, SGST, and Cess.

GSTR 4- Table 8

Table 9: Refund claimed from Electronic Cash Ledger.

A refund could be claimed through table 9 in case excess taxes are paid. The refund amount must be divided into tax, interest, the penalty fee, and others.

Verification

A taxpayer has to authenticate that the above-given details in the table are correct by signing on the form. 

It is undoubtedly clear that by going through the above-mentioned details you would get a clear-cut idea of the GSTR 4 format and how to file composition GST return.

Read More:

What is GSTR 4?

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