#GSTR4 #offlineutility #FY201920GSTR4 #CompoistionScheme
Form GSTR-4 (Annual Return) is a yearly return to be filed once, for each financial year, by taxpayers who have opted for composition scheme during the financial year, for were in Composition scheme for any period during the said financial year, from 1st April, 2019 onwards. Such taxpayers are required to furnish details regarding summary of outward supplies, Inward supplies, tax payable thereon, import of services and supplies attracting reverse charge etc. in this form.
Who needs to file Form GSTR-4 (Annual Return)?
All registered taxpayers who have opted for composition scheme under GST, for any period during the financial year, need to file Form GSTR-4 (Annual Return). This will include a taxpayer -
who have opted for composition scheme since registration and have never opted out subsequently; and
who have opted in for composition scheme before starting of the financial year; and
who have opted in for composition but subsequently opted out any time during the year.
Is it mandatory to file Form GSTR-4 (Annual Return)?
Yes, it’s mandatory for all composition taxpayers to file Form GSTR-4 (Annual Return).
What are the pre-conditions for filing Form GSTR-4 (Annual Return)?
Pre-conditions for filing of Form GSTR-4 (Annual Return) are:
Taxpayer must have been registered in the relevant financial year and opted for composition scheme for even a day during the financial year.
Taxpayer must have filed all Form CMP-08 quarterly statements for the applicable period during the relevant financial year.
Form GSTR-4 (Annual Return) comprises of which tables?
Form GSTR-4 (Annual Return) comprises of following tables:
4A. Inward supplies from registered supplier (other than reverse charge): To add details of inward supplies received from a registered supplier (other than reverse charge)
4B. Inward supplies from registered supplier (reverse charge): To add details of inward supplies received from a registered supplier (reverse charge)
4C. Inward supplies from unregistered supplier: To add details of inward supplies received from an unregistered supplier
4D. Import of Service: To add details of import of service
5. Summary of CMP-08: To view auto-drafted details provided in filed Form CMP-08 for the financial year
6. Tax rate wise inward and outward supplies: To enter tax rate wise details of outward supplies during the financial year
7. TDS/TCS credit received: To view details related to TDS/TCS credit received
Note: The entries in table 4 (4A, 4B, 4C & 4D) will be net of credit/debit notes and advances.
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