GSTR 4

Filing GSTR-4

GSTR 4 is the GST return that must be filed every three months by the registered taxpayers who opted for composition scheme.
Taxpayers whose turn over is less than 1 crore and also fulfill other specified criteria come under composition scheme.
Taxpayers under composition scheme has to file only one GST return(quarterly) – GSTR-4.
Note: Dealers under composition scheme has to pay taxes at fixed rate without availing Input tax credit.

How to generate GSTR-4 in Output Books?

• You can find the list of details of Outward Supplies(Sales) under Reports > GSTR-4.
• Entire details of all the Purchase Transaction is listed here.

Here, you can view GSTR-4 return for a month or quarter year by using the drop-down at the top.
You can view a GSTR-4 report for the desired/required month using the calendar option associated in the reports page of GSTR-4.
You can print the GSTR-2 report by using the Print option in the top right corner.

Due Dates

Due dates for filing GSTR-4 will be the 18th of the next month after the end of the three-month period.

GSTR-4 Rectification

Careful filing of GSTR-4 is necessary. Once filed, cannot be revised.
If any mistake made in the return, it can be revised in the next quarter only.
Example: If a mistake is made in the filing of July-September return, rectification of the mistake can be done when filling returns for the next quarter.

Late Fees and Penalty

If the GSTR-4 is not filed for a previous quarter, then the taxpayers cannot file for the current quarter unless they file for the previous quarter.
If GSTR-4 is not filed,

• A penalty of Rs.200/day will be levied.
• A maximum penalty of Rs.5000 can be charged.

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