What is GSTR-4 under GST? : Quicko

What is GSTR-4 under GST? Print

Created by: Team Quicko

Modified on: Wed, 30 Mar, 2022 at 12:22 PM

UPDATE: FY 2019-20 onwards, GSTR-4 has been replaced by CMP-08

GSTR-4 is the GST Return to be filed by a taxpayer registered under the Composition Scheme.

It comprises of details of purchases, sales turnover and tax liability for the relevant quarter

If there are no transactions, a NIL GSTR-4 should be filed

Due Date to file GSTR-4 is on or before 18th of the month from the end of a quarter

Tax Liability at a specified rate on outward supplies should be paid before filing GSTR-4 of that quarter

If GSTR-4 is not filed within the Due Date, late fee of Rs. 50 per day (Rs.20 per day for NIL Return) of delay should be paid

If GST is not paid within the Due Date, interest at 18% should be paid on outstanding tax

Once GSTR-4 is filed, it cannot be revised

Read more - What is GSTR-4 under GST?

T

Team is the author of this solution article.

Did you find it helpful? Yes No