{"id":53815,"date":"2023-03-22T15:46:15","date_gmt":"2023-03-22T10:16:15","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=53815"},"modified":"2024-07-17T11:22:42","modified_gmt":"2024-07-17T05:52:42","slug":"a-complete-understanding-of-gstr-4-return-filing","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/a-complete-understanding-of-gstr-4-return-filing\/","title":{"rendered":"A Complete Understanding of GSTR-4 Return Filing"},"content":{"rendered":"\n<p>GSTR-4 Return is an important return that is to be filed by every taxpayers, those who are selecting annual Composite Scheme. Earlier the return was filed in every quarter till the financial year 2018-2019, but now it has been replaced by CMP-08. This article discusses about the applications and filing of GSTR-4 under <strong>the GST Law<\/strong>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-understanding-of-gstr-4-return-filing\/#What_Does_GSTR-4_Constitute\" >What Does GSTR-4\nConstitute?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-understanding-of-gstr-4-return-filing\/#What_Are_Essential_Requirements_To_File_For_A_GSTR-4_Return\" >What Are\nEssential Requirements To File For A GSTR-4 Return?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-understanding-of-gstr-4-return-filing\/#When_Is_GSTR-4_Return_To_Be_Filed\" >When Is GSTR-4\nReturn To Be Filed?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-understanding-of-gstr-4-return-filing\/#Persons_Who_Are_Eligible_To_File_GSTR-4\" >Persons Who\nAre Eligible To File GSTR-4?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-understanding-of-gstr-4-return-filing\/#Procedure_to_File_for_GSTR-4_Return_Filing_A_Step-By-Step_Guide\" >Procedure to\nFile for GSTR-4 Return Filing: (A Step-By-Step Guide)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-understanding-of-gstr-4-return-filing\/#What_Are_The_Penalties_Charged_For_Not_Filing_On_GSTR-4_Return\" >What Are The\nPenalties Charged For Not Filing On GSTR-4 Return?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/a-complete-understanding-of-gstr-4-return-filing\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Does_GSTR-4_Constitute\"><\/span>What Does GSTR-4\nConstitute?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>GSTR-4 Return (GSTR-4)<\/strong> is a quarterly\nreturn that must be filed by registered taxpayers under the composition scheme.\nThe composition scheme is a simple and easy-to-comply tax scheme designed for\nsmall taxpayers with a turnover of up to Rs. 1.5 crores.<\/p>\n\n\n\n<p>GSTR-4 contains the summary of all\nthe outward supplies made during the quarter and the tax liability arising from\nsuch supplies. It also includes details of any inward supplies received during\nthe quarter, taxes paid on such inward supplies, and the input tax credit (ITC)\navailed on them.<\/p>\n\n\n\n<p>GSTR-4 must be filed by the 18th day\nof the month succeeding the quarter for which the return is being filed. For\nexample, the <strong><em>GSTR-4 return for the quarter ending 30th June must be filed by 18th\nJuly.<\/em><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Are_Essential_Requirements_To_File_For_A_GSTR-4_Return\"><\/span>What Are\nEssential Requirements To File For A GSTR-4 Return?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>GSTR-4 is a <strong><a href=\"https:\/\/corpbiz.io\/gst-return-filing\">GST return<\/a><\/strong> that is required to be filed by registered taxpayers who have opted for the Composition Scheme. As per the 49<sup>th<\/sup> GST Council meeting updates the<\/p>\n\n\n\n<p><strong><em>The following are the prerequisites to file GSTR-4 on the GST\nportal:<\/em><\/strong><\/p>\n\n\n\n<ul>\n<li>Valid GSTIN &#8211; To file GSTR-4 on\nthe GST portal, you need to have a valid GSTIN.<\/li>\n\n\n\n<li>Composition Scheme Opt-in &#8211; You\nshould have opted for the Composition Scheme under GST.<\/li>\n\n\n\n<li>Quarterly Filing Frequency &#8211;\nYou should be a quarterly filer under the Composition Scheme.<\/li>\n\n\n\n<li>Validity of Composition Scheme\n&#8211; Your Composition Scheme should be valid on the date of filing GSTR-4.<\/li>\n\n\n\n<li>Payment of Tax Liability &#8211; You\nshould have paid your tax liability for the previous quarter before filing\nGSTR-4.<\/li>\n\n\n\n<li>Details of Inward and Outward\nSupplies &#8211; You should have accurate details of inward and outward supplies made\nduring the previous quarter.<\/li>\n\n\n\n<li>No B2B Transactions &#8211; If you\nhave made any B2B (business to business) transactions, you cannot file GSTR-4.<\/li>\n\n\n\n<li>No Exports or Supplies through\nE-commerce Operator &#8211; If you have made any exports or supplies through an\ne-commerce operator, you cannot file GSTR-4.<\/li>\n<\/ul>\n\n\n\n<p>Once you have fulfilled these prerequisites, you can log in to the\nGST portal and file GSTR-4 online.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_Is_GSTR-4_Return_To_Be_Filed\"><\/span>When Is GSTR-4\nReturn To Be Filed?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The GSTR-4 is to be filed\nannually in every financial year by 30<sup>th<\/sup> of April.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Persons_Who_Are_Eligible_To_File_GSTR-4\"><\/span>Persons Who\nAre Eligible To File GSTR-4?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>GSTR-4 is a GST return that must be filed by taxpayers who have\nopted for the Composition Scheme under GST. The Composition Scheme is a scheme\nfor small taxpayers with a turnover of up to Rs. 1.5 crores (in most states)\nwho can opt for a simpler tax scheme with a lower tax rate and reduced\ncompliance burden. Only taxpayers who have opted for the Composition Scheme are\neligible to file GSTR-4. These taxpayers must file the GSTR-4 return on a\nquarterly basis.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Procedure_to_File_for_GSTR-4_Return_Filing_A_Step-By-Step_Guide\"><\/span>Procedure to\nFile for GSTR-4 Return Filing: (A Step-By-Step Guide)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>GSTR-4 is a quarterly return that needs to be filed by taxpayers who\nhave opted for the Composition Scheme. Here is a step-by-step guide to filing\nGSTR-4:<\/p>\n\n\n\n<ul>\n<li>You have to first log in to the\nGST portal using your credentials.<\/li>\n\n\n\n<li>Once you are logged in, select\nthe &#8216;Services&#8217; tab from the main menu, and then click on the &#8216;Returns&#8217; tab.<\/li>\n\n\n\n<li>From the drop-down menu, select\nthe &#8216;Returns Dashboard&#8217; option.<\/li>\n\n\n\n<li>On the Returns Dashboard,\nselect the appropriate financial year and the quarter for which you want to\nfile the GSTR-4 return.<\/li>\n\n\n\n<li>Click on the &#8216;Prepare Online&#8217;\nbutton to begin the process of filing the GSTR-4 return.<\/li>\n\n\n\n<li>In the GSTR-4 return form,\nprovide the following details:\n<ul>\n<li>Details of outward supplies\nmade during the quarter<\/li>\n\n\n\n<li>Details of inward supplies\nreceived during the quarter<\/li>\n\n\n\n<li>Details of any amendments made\nto the previous quarter&#8217;s return<\/li>\n\n\n\n<li>Tax payable and paid<\/li>\n\n\n\n<li>Late fees to be paid, if any<\/li>\n\n\n\n<li>After filling in all the\nrequired details, click on the &#8216;Save&#8217; button to save the return.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<ul>\n<li>Once you have saved the return, click on the &#8216;Preview&#8217; button to review the details entered.<\/li>\n\n\n\n<li>If you find any errors or omissions, you can make the necessary changes and save the return again.<\/li>\n\n\n\n<li>Once you are satisfied with the return, click on the &#8216;Proceed to File&#8217; button.<\/li>\n\n\n\n<li>The system will validate the return and display any errors or warnings, if applicable. If there are any errors, you need to correct them before proceeding.<\/li>\n\n\n\n<li>After the return is validated, click on the &#8216;File GSTR-4&#8217; button.<\/li>\n\n\n\n<li>The system will prompt you to confirm the filing of the return. Click on the concerned button to confirm.<\/li>\n\n\n\n<li>After the return is successfully filed, you will receive a confirmation message. You can download and keep a copy of the filed return for your records.<br>That concludes the step-by-step guide for filing GSTR-4.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Are_The_Penalties_Charged_For_Not_Filing_On_GSTR-4_Return\"><\/span>What Are The\nPenalties Charged For Not Filing On GSTR-4 Return?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The late fee for not filing GSTR-4\non time is Rs. 200 per day of delay (Rs. 100 as SGST and Rs. 100 as CGST). The\nmaximum late fee is Rs. 5,000 (Rs. 2,500 as SGST and Rs. 2,500 as CGST). There is\nno late fee for NIL returns.<\/p>\n\n\n\n<p>In addition to the late fee, a penalty for non-filing or late filing\nof GSTR-4 may also be imposed. The penalty is 10% of the tax amount due,\nsubject to a minimum of Rs. 1000. Therefore, it is important for taxpayers to\nfile their GSTR-4 returns on time to avoid late fees and penalties.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>It&#8217;s important to note that GSTR-4 is only applicable to taxpayers who have opted for the Composition Scheme. If a taxpayer crosses the turnover threshold of Rs. 1.5 crores, they must switch to the regular scheme and file regular returns.<\/p>\n\n\n\n<p><strong>Also Read<\/strong>: <br><a href=\"https:\/\/corpbiz.io\/learning\/gst-portal-rolled-out-new-offline-tool-for-filing-gstr-4-annual-return-form\/\">GST Portal Rolled Out New Offline Tool For Filing GSTR 4 Annual Return Form<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>GSTR-4 Return is an important return that is to be filed by every taxpayers, those who are selecting annual Composite Scheme. Earlier the return was filed in every quarter till the financial year 2018-2019, but now it has been replaced by CMP-08. This article discusses about the applications and filing of GSTR-4 under the GST [&hellip;]<\/p>\n","protected":false},"author":55,"featured_media":53818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[3292],"acf":{"service_id":"104"},"authorName":"Soumyadipa Banik","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2023\/02\/MicrosoftTeams-image-66.jpg","authorDescription":"Soumyadipa is a legal professional and has completed her Masters (L.L.M.) in Business Law from Amity University. She is an aspiring content writer and legal researcher with more than a year experience. She have earlier worked for Startup companies and written business and legal articles, blogs and website content. She is good at presenting complex issues in organized, easy-to-understand terms and committed to provide highly persuasive content.","postViews":3688,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/53815"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=53815"}],"version-history":[{"count":5,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/53815\/revisions"}],"predecessor-version":[{"id":65416,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/53815\/revisions\/65416"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/53818"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=53815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=53815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=53815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}