GSTR 4(Annual Return) due date
The last date to furnish Form GSTR 4 for FY 2020-21 has been extended to 31st July 2021.
The decision to extend the due date was taken in 43rd GST Council Meeting. Notification for the same is awaited.
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.
Note: With the amendment of GST Rule 62 taxpayers who were availing the benefit of CGST(R) Notification no. 2/2019 dated 7th March 2019 will not be permitted to furnish the returns in Form GSTR 4 and make payments in Form CMP 08.
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.
Late Fees u/s 47 Delay in furnishing the GST return will attract late fees of Rs 200 per day (CGST+SGST/UTGST) subject to the maximum
- If there is tax liability – Rs 2,000/- (CGST+SGST/UTGST).
- If there is no tax liability – Rs 500/- (CGST+SGST/UTGST).
Note: Decision was taken in 43rd GST Council Meeting notification to give effect is yet awaited.
- 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) 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 2020-2021
- Due Date extended to 31st July 2021 – 43rd GST Council Meeting
- Due Date extended to 31st May 2021 – CGST notification no. 10 dated 01.05.2021
- Due Date was notified as 30th April 2021 – CGST Notification no. 21 dated 23.04.2019
For the Financial Year 2019-2020
- Due Date further extended to 31st October 2020 – CGST Notification no. 64 dated 31.08.2020
- Due Date further extended to 31st August 2020 – CGST Notification no. 59 dated 13.07.2020
- Due Date extended to 15th July 2020 – CGST notification no. 34 dated 03.04.2020
- Due Date was notified as 30th April 2020 – CGST Notification no. 21 dated 23.04.2019
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.