GSTR 4 the Quarterly Return

GSTR 4 the Quarterly Return
Share This Post

GSTR 4 the Quarterly Return

Note this is applicable for FY 17-18 & FY 18-19 (when GSTR 4 was a quarterly return)

Now GSTR 4 (Annual Return) is a yearly return to be filed by composition taxpayers>>>Due Dates, late fees Interest of GSTR 4 (Annual Return)

Overview of GSTR 4

GSTR 4 is the quarterly return to be filed by a taxpayer who has opted for a composition levy under the GST regime. Generally, the due date to furnish the details in Form GSTR 4 is on or before the 18th of the month succeeding the quarter.

Note: There is no provision to revise the quarterly return GSTR 4 filed by the composition taxpayer. If any amendments are required then that is to be done in the next quarter’s return.

Details relating to outward supplies, inward supplies, taxes paid interest, late fees, etc. need to be furnished in Form GSTR 4.

As per section 39(2) of CGST Act,2017

“A registered person paying tax under the provisions of section 10 shall, for each quarter or part thereof, furnish, in such form and manner as may be prescribed, a return, electronically, of turnover in the State or Union territory, inward supplies of goods or services or both, tax payable and tax paid within eighteen days after the end of such quarter.”


Can a taxpayer still file GSTR 4(Quarterly return) for FY 2017-18/ FY 2018-19?

If the taxpayer has failed to furnish the quarterly returns in Form GSTR 4 and the GSTIN is still active. Then GSTR 4 can be filed for FY 2017-18 or/and for FY 2018-19 along with late fees and applicable interest.


Due dates of GSTR 4 – QUARTERLY RETURN

For the Financial Year 2018-2019

For the quarter of January 2019 to March 2019

  • Due Date notified was 18th April 2019 – As per section 39(2) read with rule 62.

For the quarter of October 2018 to December 2018

  • Due Date notified was 18th January 2019 – As per section 39(2) read with rule 62.

For the quarter of July 2018 to September 2018

  • Due Date notified was 18th October 2018 – As per section 39(2) read with rule 62.

For the quarter of April 2018 to June 2018

  • Due Date notified was 18th July 2018 – As per section 39(2) read with rule 62.

For the Financial Year 2017-2018

For the quarter of January 2018 to March 2018

  • Due Date notified was 18th April 2018 – As per section 39(2) read with rule 62.

For the quarter of October 2017 to December 2017

  • Due Date notified was 18th January 2018 – As per section 39(2) read with rule 62.

Note: Taxpayers were levied late fees even when they filed the return within the due date for the above quarter. CBIC had notified that the late fees shall be waived in such cases vide a CGST Notification no. 41 dated 4th September 2018

For the quarter of July 2017 to September 2017

  • Due Date notified was 18th October 2017 – As per section 39(2) read with rule 62.

Late Fees applicable to quarterly GSTR 4

⊗ Late fees as waived/capped vide CGST notification no. 67/2020 dated 21st September 2020

A CGST notification no. 67 dated 21st September 2020 has been issued for providing a one-time waiver/capping of late fees.

Late fees payable as per section 47 for the delay in filing GSTR – 4

Return Period – July 2017 to March 2019

The prescribed period for filing – 22nd September 2020 to 31st October 2020

Tax payable > NIL:  Late fees will be Rs 500 per quarterly return ( Rs. 250 towards CGST + Rs. 250 towards SGST/UTGST).

Tax payable = NIL: Late fees will be NIL per quarterly return.

Note: Late fees u/s 47 is waived off not the interest u/s 50 for non-payment or delayed payment.

⊗ Late fees waived vide CGST notification no. 77/2018 dated 31st December 2018

GST council had taken a decision in the 31st GST council meeting held on 22nd December 2018 to waive off the late fees for non-filers of GST return for the quarters from July 2017 to September 2018.

Late fees payable as per section 47 for the delay in filing GSTR – 4 were waived.

Return Period – July 2017 to September 2018

Prescribed period for filing – 22nd December 2018 to  31st March 2019.

Tax payable > NIL: Late fees will be NILper quarterly return.

Tax payable = NIL: Late fees will be NIL per quarterly return.

Note: Late fees u/s 47 is waived off not the interest u/s 50 for non-payment or delayed payment.

⊗ Late fees as reduced vide notification no. 73/2017 dated 29th December 2017

Late fees payable as per section 47 for the delay in filing GSTR – 4 was reduced

Tax payable > NIL:  Late fees will be Rs 50 per day up to the period of default ( Rs. 25 towards CGST + Rs. 25 towards SGST/UTGST).

Tax payable = NIL: Late fees will be Rs 20 per day up to the period of default ( Rs. 10 towards CGST + Rs. 10 towards SGST/UTGST).

Note: Late fees u/s 47 is waived off not the interest u/s 50 for non-payment or delayed payment.

⊗ Late fees as per section 47 of CGST Act,2017

As per section 47 of the CGST Act,2017, any registered taxpayer who fails to file details in GSTR – 4 within the prescribed due date shall have to pay the late fees of Rs.100 per day towards CGST and Rs. 100 per day towards SGST/UTGST up to the period of default subject to a maximum of Rs 10,000 (Rs 5000 CGST+ Rs. 5000 SGST/UTGST).



You may also like: 

Share This Post
About CA Ankita Khetan 163 Articles
Ankita is a Chartered Accountant in practice and holds a Diploma in IFRS (from ACCA, UK). She is also a Commerce PG and Certified Independent Director (from IICA). She holds a certification in Forex and Treasury Management. Her area of expertise is GST and Income tax. She is passionate about reading, writing, and sharing knowledge on areas related to finance and taxation.

Be the first to comment

Leave a Reply

Your email address will not be published.