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April 17, 2021

All about form GSTR 4 Annual return

by Mahesh Mara in GST

GSTR-4 is a return that must be filed by the taxpayers opting for Composition Scheme on an annual basis. Till FY 2018-19 GSTR4 will filed every quarter which later got replaced with CMP-08. Unlike a normal taxpayer who needs to furnish 3 monthly returns, a dealer opting for the composition scheme is required to furnish only 1 return which is GSTR 4 once in a year by the 30th of April, following a financial year.

The taxpayer will be required to insert invoice- level purchase details for the purchases from normal taxpayers, which will be automatically updated GSTR 4A Form from supply invoice uploaded by the opposite party in GSTR 1. In this article we will know what is GSTR4, Tables of GSTR4 and Due date of GSTR4.

What are the contents of GSTR 4?

The annual Form GSTR-4 is divided into nine tables which are as follows:

Table 1 to 3: Basic Details

It contains the basic details of the taxpayer which are as follows:

  • GSTIN: The taxpayers GSTIN gets auto-populated at the time of filing return
  • Name of the taxpayer: The legal name and trade name will get auto-populated at the time of filing return.
  • Aggregate turnover details: The aggregate turnover in the preceding financial year will get auto-populated. Also, the ARN and date of ARN will get auto-populated after filing.

Table 4: Inward supplies including supplies on which tax is to be paid on reverse charge

a. 4A: Supplies from a registered supplier (other than reverse charge)

In this section taxpayer is required to provide details of all supplies received from a registered supplier (includes both interstate and intrastate supplies) on which reverse charge mechanism is not applicable.

b. 4B: Supplies from a registered supplier (attracting reverse charge)

In this section taxpayer is required to provide details of all supplies received from a registered supplier (includes both interstate and intrastate supplies) on which reverse charge mechanism is applicable.

c. 4C: Unregistered supplier

In this section taxpayer is required to provide details of all supplies received from an unregistered supplier including both interstate and intrastate supplies.

d. 4D: Import of services

In this section taxpayer is required to provide details of all import services on which tax is payable due to applicability of reverse charge mechanism.

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

The details in this table will get auto-populated from Form GST CMP-08. Form GST CMP-08 is for making payment in every quarter of the year. This table will consolidate the payment details of all the CMP-08 filed during the year, i.e. payment made on outward supplies, inward supplies attracting reverse charge, tax paid and interest paid.

Table 6: Tax rate wise details of outward supplies/inward supplies attracting reverse charge during the year

 In this section taxpayer is required to provide details of all outward supplies and inward supplies attracting reverse charge tax rate wise along with the total taxable value. The IGST, CGST, SGST and Cess amount will get auto-populated.

Table 7: TDS/TCS Credit received

Any TDS/TCS credit received from a supplier or e-commerce operator will be auto-populated in the table below. GSTIN of the deductor, gross invoice value and the amount of TDS deducted shall be mentioned here by the taxpayer.

Table 8: Tax, interest, late fee payable and paid

  1. Tax amount payable: This section will get auto-populated from Table 6 above.
  2. Tax amount already paid: This section will get auto-populated as per Form GST CMP-08
  3. Balance tax payable: This is a difference of 1 and 2 above.
  4. Interest payable and paid: Interest payable on late filing of return and the interest actually paid should be mentioned here.
  5. Late fee payable and paid: Late fee payable on late payment of GST and the amount actually paid should be mentioned here.

Amounts paid under various tax heads should be separately mentioned like IGST, CGST, SGST and Cess.

Table 9: Refund Claimed from Electronic cash ledger

In case, excess taxes are paid by the taxpayer than the refund can be claimed by taxpayer through this table. The refund amount should be divided into tax, interest, penalty, fee and others.

What is the due date of filing GSTR 4?

A taxpayer opting for the Composition Scheme is required to file GSTR-4 the last date of Annual Return Form GSTR-4 is April 30, 2021, so file your annual return without a late fee.

What is the amount of late fees charged for late filing of GSTR 4?

A late fee of Rs. 200 per day is levied if the GSTR-4 is not filed within the due date. The maximum late fee that can be charged cannot exceed Rs. 5,000.

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