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What is GSTR 4?


June 08, 2021

What Is GSTR 4

What is GSTR 4?

GSTR 4 is a GST return document for composition dealers which has to be filed on a quarterly basis. The GSTR 4 contains the sum of the transacted sales and supplies, tax paid at compounding rate, and invoice details of purchases of the composition dealer made from other registered taxpayers during the tax period.

You could use the details of sales returns (GSTR1) of your supplier as you make a purchase from a registered dealer, which would be at your disposal in GSTN Portal for you to use in GSTR 4A. You could cross-check it before you file your returns and make changes if needed, and add the details which are not auto-populated.

When is GSTR 4 Due Date?

This return can be filed as soon as the relevant quarter ends. The last day to file the GSTR-4 is the 18th of the month following the end of the quarter. For example, if you are filing the GSTR-4 for the July-September quarter, you have to file it before the 24th of December, 2021.

Prerequisites of GST Return for Composition Dealer

  • You should be a registered taxpayer and a composition dealer under GST.
  • Your aggregate turnover must be less than 75 lakh per annum.
  • You must be engaged with interstate trade only.

You are required to keep track of all purchases and imports you made during the quarter.

Who should File GSTR 4?

A registered taxpayer under the composition scheme is to file GSTR4. Special composition scheme is also covered and notified for the service providers through the CGST (rate) notification number 2/2019 dated 7 March 2020 with effect 2019-20

How to Revise GSTR 4?

Revision of GSTR4 is not possible after filing on the GSTN portal

Penalty for Late Filing of GSTR 4 

Unless you file a Composition GSTR return/GSTR 4 return within the due date, RS 200 as a late fee is levied per day. The late fee cannot be exceeded more than 5000.

Read More

GST Returns

GSTR 1

GSTR 2

GSTR 3

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