GSTR-4 Return Filing: Due Date, Late Fees, Turnover Limit & Applicability

GSTR-4 is a return that composition taxable persons must file on an annual basis. While a quarterly statement-cum-challan is CMP-08, GSTR-4 will contain the details of sales made and taxes paid throughout the financial year. Continue reading to discover the details needed to file GSTR-4, GSTR 4 applicability, GSTR 4 turnover limit, GSTR-4 due date and GSTR 4 late fees.

Key takeaways

• GSTR-4 is an annual return for composition taxable persons.
• The due date of GSTR-4 is 30th June of the year following the financial year.
• All the taxpayers under the special composition scheme are also eligible for filing a single annual return in form GSTR-4.
• GSTR-4 once filed cannot be revised.

What is GSTR-4?

GSTR-4 is the single, annual GST Return for a composition dealer. A regular taxpayer who is required to furnish two monthly returns and an annual return (with certain exemptions). Whereas, a dealer opting for the composition scheme is required to furnish one return every quarter in Form CMP-08 and Form GSTR 4 once a year by the 30th day of June, following the financial year.

No GSTR-4 return can be filed after the expiry of three years from the due date of filing the GSTR-4.

GSTR-4 due date

GSTR-4 is required to be filed on an annual basis.

The due date for filing GSTR-4 is the 30th of June following the relevant financial year.

For example, the GSTR-4 for FY 2025-26 will be due by 30th June 2026. Further, GSTR-4 cannot be filed beyond three years from the due date. 

GSTR 4 Applicability

A taxpayer opting for the composition scheme is required to file GSTR-4. So, there is no GSTR-4 turnover limit specified particularly to file GSTR-4. Eligible taxpayers also cover the special composition scheme notified for the service providers vide the CGST (Rate) notification number 2/2019 dated 7th March 2020 with effect from FY 2019-20.

GSTR 4 Turnover Limit 

The GSTR-4 turnover limit is based on the threshold limit defined for composition taxable persons.

The GST Composition Scheme is available to manufacturers, traders, and restaurants (excluding alcohol) with an annual turnover up to Rs.1.5 crore in regular states and Rs.75 lakh in special category states, while service providers have a Rs.50 lakh limit. It simplifies tax compliance by allowing payment of GST at a fixed rate on turnover and quarterly return filing, catering mainly to small businesses dealing in intra-state supplies.

How to revise GSTR-4?

GSTR 4 cannot be revised after filing on the GSTN Portal.

GSTR-4 late fees and penalty

As per the latest update, a late fee of Rs.50 per day is charged up to a maximum of Rs.2,000. Where the tax liability is nil, the maximum late fee is Rs.500. Previously, the late fee of Rs.200 per day used to be levied if the GSTR-4 is not filed within the due date. The maximum late fee that could be charged did not exceed Rs.5,000.