Download GSTR-1, 2A, 3B and compare with financials to check mismatches
GSTR-4 is a quarterly return that taxpayers opting for Composition Scheme need to furnish.
In this article, we discuss the following topics in detail:
1. Basics of GSTR-4
a. What is GSTR-4?
GSTR-4 is a GST Return that has to be filed by a Composition Dealer. Unlike a normal taxpayer who needs to furnish 3 monthly returns, a dealer opting for the composition scheme is required to furnish only 1 return which is GSTR-4.
b. When is GSTR-4 due?
GSTR 4 has to be filed on a quarterly basis.
The due date for filing GSTR 4 is 18th of the month after the end of the quarter.
| Period | Due Date |
| April-June 2018 | 18th July 2018 |
| July-Sept 2018 | 18th Oct 2018 |
| Oct-Dec 2018 | 18th Jan 2019* |
| Jan-Mar 2019 | 18th Apr 2019* |
* subject to change in the GST Return Filing, as recommended in 27th GST council meeting
c. Who should file GSTR-4?
A taxpayer opting for the Composition Scheme is required to file GSTR-4.
d. How to revise GSTR-4?
GSTR-4 cannot be revised after filing on the GSTN Portal. Any mistake in the return can be revised in the next month’s return only. It means that, if a mistake is made in the GSTR-4 filed for the July-September quarter, the rectification for the same can be made only when filing the next quarter’s GSTR-4.
e. Late Fees and Penalty
A penalty of Rs. 200 per day is levied if the GSTR-4 is not filed.
The maximum penalty that can be charged is Rs. 5,000.
Also, if the GSTR-4 is not filed for a given quarter, then the taxpayer cannot file the next quarter’s return either.
As per Latest Notification No. 73/2017 – Central Tax late fees for GSTR-4 has been reduced to Rs. 50 per day of default. Also, the late fees for NIL return in GSTR-4 have been reduced to Rs. 20 per day of delay.
2. How to file GSTR-4 on ClearTax GST Software?
Filing on ClearTax GST Software has many advantages:
- Excel Import feature to avoid manual data entry
- Easy error recognition and resolution
- Accurate JSON upload.
3. General queries on GSTR-4
Q. Can I revise a filed GSTR-4?
A. There is no provision for revising GSTR-4. Make sure that you thoroughly review your GSTR-4 before filing.
Q. Where should I declare all the B2B transactions?
A. B2B transactions of a Composition Dealer are not required to be declared in GSTR-4 for July-Sept and Oct-December return.
Q. Why should I declare reverse charge transactions in my GSTR-4?
A. RCM on purchase from unregistered dealers has been put on hold from 13th Oct 2017. Hence RCM on purchase from unregistered dealers is still applicable up to 13th October 2017.
