GSTR-9A for the year 2017-18 and 2018-19 was waived by notification number 47/2019 dated Oct. 09, 2019. But for the year 2019-20 all the taxpayers who have opted for composition scheme need to file GSTR-4 (annual return) along with all quarterly CMP-08. Last date to file GSTR-4 (annual return) is Aug. 31, 2020.
What is GSTR-4:-
GSTR-4 is annual return which need to be filed by the all the composition tax payers along with the quarterly CMP-08.
Who all need to file GSTR-4: –
Any taxpayer who was in composition scheme during the year 2019-20 need to file the GSTR-4 (annual return).
Example 1.:- Mr. Pradeep got GST registration under composition scheme on May 01, 2019. In Oct. 2019 he switched to regular scheme. Mr. Pradeep need to file the GSTR-4 return since he was registered under composition scheme from May.01, 2019 to Sept. 2019.
Example 2:- Mr. Sharvan was registered under composition tax scheme. He applied to switch on regular scheme. The conversion of scheme happed on Apr. 02, 2019. Mr. Sharvan still need to file GSTR-4 return for the year 2019-20 since he was registered for a day for the composition scheme in year 2019-20.
What are the contents to report in GSTR-4:-
The following major contents need to be reported in GSTR-4:-
(1) Details of all the inward supplies from registered taxpayer
(2) Details of all the inward supplies from unregistered persons
(3) Details of inward supplies liable for reverse charge
(4) Details of services imported
(5) Summary of GST reported in CMP-08
(6) Details of TDS/TCS for the period
(7) Additional tax liability, if any
What is the last date to file GSTR-4:-
Last date to file GSTR-4 for the year 2019-20 is Aug. 31, 2019 as per notification number 59/2020 dated July 13, 2020 of CGST Act.
Is it mandatory to file the NIL return?-
Yes, it is mandatory to file NIL return also.
What is the late fee/penalty for delayed filing?
If GSTR 4 is not filed by the due date, the late fee of Rs. 200 per day will be levied which may extend up to Rs. 5000.
Can GSTR-4 be revised: –
GSTR-4 once filed will be final. It cannot be revised.
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