GSTR 4 is the GST return that must be filed every three months by the registered tax payers who opted for composition scheme.
Taxpayers whose turn over is less than 1 crore and also fulfill other specified criteria come under composition scheme.
Tax payers under composition scheme has to file only one GST return(quarterly)-GSTR-4.
NoteDealers 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 Print option at the top right corner.
Due dates for filing GSTR-4 will be the 18th of the next month after the end of three month period.
|April-June 2018||18th July 2018|
|July-Sept 2018||18th Oct 2018|
|Oct-Dec 2018||18th Jan 2019|
|Jan-Mar 2019||18th Apr 2019|
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 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.
As per 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.