GSTR 4(Annual Return) due date
Overview of GSTR 4(Annual Return)
- Composition taxpayers were notified to file a yearly return in Form GSTR-4 (Annual Return) from the financial year 2019-2020 vide a CGST Notification no. 21 dated 23rd April 2019.
- GSTR 4 will be applicable to all the composition taxpayers including service providers who have opted for the composition scheme as per CGST(R) Notification no. 2/2019 dated 7th March 2019.
- GSTR 4 needs to be filed by the person who was registered as a composition taxpayer for any period (even for a single day) during the financial year.
- who were composition taxpayers at the beginning of the year but have opted out during the year.
- who was registered under the composition scheme during the year and have not opted out during the year.
- who were registered under the composition scheme at the beginning of the year and have never opted out subsequently.
- Form GSTR 4 (Annual Return) is a summary return that will give details regarding the outward supplies, inward supplies, import of services, and inward supplies attracting reverse charge, tax payable, etc.
- Form GSTR 4 (Annual Return) cannot be revised once it is filed.
- Form GSTR 4 can be filed using the online as well as offline utility.
- The Online Utility of Form GSTR 4 can be accessed on the dashboard only after logging in with valid credentials on the GST portal.
- The Offline Utility of Form GSTR 4 can be accessed under the downloads section of the GST portal.
- As per section 47 of CGST Act,2017 If a return is not filed within the prescribed due date then late fees of Rs 200 per day (Rs 100 CGST + Rs. 100 SGST/UTGST) will be applicable till the default continues. Note: The maximum late fees that can be levied for one return cannot exceed Rs. 10,000 (Rs 5,000 CGST + Rs. 5,000 SGST/UTGST).
- Composition taxpayers are required to make quarterly payment in Form GST CMP-08 on or before the 18th of the month following the quarter.
- Apr to Jun – 18th July
- Jul to Sep – 18th October
- Oct to Dec – 18th January
- Jan to Mar – 18th April
- Thought to ponder – If GSTR 4(Annual Return) which is a yearly return being filed by composition taxpayers then what is the need of filing the Annual Return in Form 9A???
Due dates of GSTR 4 after it became a yearly return
For the Financial Year 2019-2020
- Due Date further extended to 31st October 2020 – CGST Notification no. 64 dated 31st August 2020
- Due Date further extended to 31st August 2020 – CGST Notification no. 59 dated 13th July 2020
- Due Date extended to 15th July 2020 – CGST notification no. 34 dated 3rd April 2020.
- Due Date was notified as 30th April 2020 – CGST Notification no. 21 dated 23rd April 2019
Note: Composition taxpayers have not been given any benefit considering the COVID 19 pandemic. Neither the late fees was waived nor reduced nor the interest rates applicable have been reduced.
Note: Due Date which has been extended twice so far has been extended as Form GSTR 4 was not made available for taxpayers for filing.
Due dates of GSTR 4 until it used to be a quarterly return
- For the Financial Year 2018-2019
- For the Financial Year 2017-2018
- Late Fees applicable to quarterly GSTR 4
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- Composition scheme for service providers as per Notification No. 02/2019– Central Tax (Rate), dated the 7th March 2019
- Procedure to opt for composition levy by a service provider as per CGST Circular No. 97/2019 dated 5th April 2019