GSTR4 is return for those dealers who are registered under GSTCompostion scheme.Taxpayer who opted Composition scheme under GST are compulsory to fileGSTR4 quarterly i.e 4 return will go yearly.GSTR4 is only return for composition dealers unlike in other there is 3 return.
FAQ rearding GSTR4:
1.What Is GSTR-4?
GSTR 4 is a quarterly return for those who opted Composition Scheme in GST.The GSTR 4 is only one return for composition dealers unlike in others there is 3 return.
2.Who Should File GSTR-4?
Every Composition Dealer in GST is required to file the GSTR-4.
3.When GSTR-4 is due for filing?or due date of GSTR4?
The due date for filing GSTR-4 is 18 of Month after Quarter End*.
jan-mar due date is 18 April .
Apr-jun due date is 18 July.
4.What if GSTR-4 not filled or late filled.
As per 23 gst council meering,late filling or non filing of GSTR-4 will liable for late fees.The Late fees for NIL tax liability return is 20 RS per day i.e (10 CGST+10 SGST) and otherwise it is 50 RS per day i.e (25 CGST+25 SGST).
5.How to Revise GSTR4?
GSTR 4 cannot be revised once you filed it,any mistake done can be ractify in next quarter return i.e mistake in oct-dec gstr4 can be ractify in next quarter i.e jan-mar gstr4.
6.How to file GSTR4?
Currently filing of GSTR 4 is availabe only by using of offline tool.The full guide for filing is below.Watch the Full Video for correct filing of gstr4.
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