GST Filing - GSTR-4 (Composition Supplier) (Quarterly)

In the GST regime, any regular business has to file three monthly returns and one annual return. This amounts to 37 returns in a year. The beauty of the system is that one has to manually enter details of one monthly return – GSTR-1. The other two returns – GSTR 2 & 3 will get auto-populated by deriving information from GSTR-1 filed by you and your vendors.

A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability. Under GST, a registered dealer has to file GST returns that includes:

• Purchases
• Sales
• Output GST (On sales)
• Input tax credit (GST paid on purchases) Under this plan, our experts will file your GST Returns

A registered taxpayer, whose aggregate turnover does not exceed Rs seventy five lakh in the preceding financial year. Includes following categories of registered persons

• Manufacturers (other than manufacturers of notified goods)
• Suppliers of food or any other article for human consumption or any drink (other than liquor)

A composition dealer will enjoy the benefits of lesser returns & compliance along with payment of taxes at nominal rates. A composition dealer will file only 2 returns:

• GSTR-4 is a quarterly return for compounding taxable person. It's filed on 18th of the month succeeding quarter.
• GSTR-9A is an annual Return. It's filed on 31st December of next financial year.

If you are supplying the food product in packets to the customers, then it will be considered as manufacture and accordingly, 2% GST rate will apply. However, if supply bhajiya to the customers in your restaurants, then 5% GST shall be applicable.