All About GSTR4 Annual Return for Composition Taxpayers

GSTR4 Annual Return, The GSTR- 4 form is the annual return form for the taxpayers who have opted for GST Composition scheme in the new indirect tax system, The taxpayers will also have to file CMP-08 for the payment in every quarter of the year. The due date for each CMP-08 filing is 18th of every succeeding quarter.

The below mentioned brief will provide you a short introduction of GSTR4 Annual Return

What is Form GSTR-4 Annual Return ?

With effect from 1^st April, 2019, all Composition Taxpayers are required to file GSTR4 Annual Return, on annual basis, for each financial year.

 

Who are required to file Form GSTR-4 Annual Return ?

All registered taxpayers who have opted for composition scheme or were under composition scheme under GST, for any period during a financial year, starting from 01.04.2019, need to file Form GSTR-4 Annual Return, annually.

Who can file NIL Form GSTR-4 Annual Return?

Nil Form GSTR-4 Annual Return can be filed for the financial year, if you have, for all applicable quarters of the year,:

• • NOT made any outward supply
  • NOT received any goods/services
  • Have NO other liability to report
• Have filed all Form CMP-08 as Nil

Due date of Filing:
The due date for filing Form GSTR-4 Annual Return is 30^th of the month succeeding the financial year or as extended by Government, from time to time. For FY 2019-20, it has to be filed by 31/10/2020.

 

Filing Form GSTR-4 Annual return:
Logon to your dashboard, click on Services > Returns > Annual Return >Select FY>Search>GSTR 4> FILE THE RETURN.

 

 

Some important Points:

1. • Form GSTR 4 can be filed only if, all applicable quarterly statements in Form CMP 08 of that financial year, have been filed.
   • Form GSTR-4 Annual Return, once filed, can’t be revised
   • After successfully filing, ARN will be generated and intimated through email and SMS
   • Currently only the online filing has been enabled on the portal. Shortly, offline tool to file Form GSTR-4 Annual Return will also be made available.

 

How it is different from Form GSTR-4 Quarterly Return: Please note that this Form GSTR-4 Annual Return is different from the Form GSTR-4 Quarterly Return, which was required to be filed on a quarterly basis.

1. 1. Form GSTR-4 Quarterly Return is applicable up to tax period ending on 31^st March, 2019, for composition taxpayers.
   2. For tax periods till the quarter ending March, 2019, Composition Taxpayers are required to file Form GSTR-4 Quarterly Return (which is also available on the GST portal), on quarterly basis. Whereas from 01.04.2019, composition taxpayers are required to file Form GST CMP-08, on quarterly basis.