GSTR-4 is to be filed by taxpayers registered under GST Composition Scheme.
This return is filed quarterly, that is after the completion of every 3 months.
Compared to the regular taxpayer, the composition scheme holder has less compliance in terms of returns filing.
The details in GSTR-4 should be furnished between 11th and 18th of the month succeeding the relevant
What details are to be filled in GSTR-4?
There are total 13 heads to be filled in the GSTR-4 form.
Let us discuss them in detail.
Your GST number which will be auto-filled by the system.
2. Name of the Taxable Person
Similar to GSTIN, your name will also be auto-populated.
3. Aggregate Turnover
In this section, you need to furnish aggregate turnover of the preceding year and also the aggregate turnover of April – June 2017.
4. Inward supplies including supplies on which tax is to be paid on reverse charge
You need to mention all your purchases in this section.
4A. Purchase of goods or services made from registered users will who have filed their GSTR-1 will be auto-populated.
4B. Purchase of goods or services from registered users but attracting reverse charge will also be reported
4C. Similarly, the purchases made from the unregistered vendors on which reverse charge is applicable, such purchases will be manually added.
4D. Inward details will also include import of services and supplies that attract tax under reverse charge mechanism.
5. Amendments to details of inward supplies furnished in returns for earlier tax periods in Table 4 [including debit notes/credit notes and their subsequent amendments]
5A. Details of supplies furnished in Table 4 of earlier returns were incorrect.
5B. Debit Notes/Credit Notes issued during the tax period.
5C. Amendments of Debit and credit notes furnished in earlier tax periods.
6. Tax on outward supplies made (Net of advance and goods returned)
You need to enter the total turnover of outward sales made during the sales period along with its tax rate, CGST, and SGST/UTGST.
As we all know that a composition dealer cannot make the interstate supply. Thus, no IGST amount will be mentioned here.
7. Amendments to Outward Supply details furnished in returns for earlier tax periods in Table No. 6
In this section, you will report amendments of outward supplies that were filed in previous tax periods. Mention the quarter, rate, details of the original amount and revised amount.
8. Consolidated Statement of Advances paid/Advance adjusted on account of receipt of supply
Advances that have paid for reverse charge supplies are entered here.
In addition to that, advances that are paid in earlier tax periods but invoices were received in current period should be entered in Table 8. This amount will be reduced from the total tax liability.
Your tax liability will be reduced by the amount mentioned in column 8.
You will also have to mention all the amendments of advances of the previous month.
9. TDS Credit received
In this section, you will mention the TDS amount deducted by your supplier at the time of payment. GSTIN, Invoice value and the TDS amount has to be mentioned.
10. Tax payable and paid
Enter liability amount and paid amount against the respective heads.
11. Interest, Late Fee payable and paid
Interest and late fees payable for delayed filing or payment of GST are mentioned here. The interest or late fees payable and the payment actually made should also be stated in this table against the respective heads.
12. Refund claimed from Electronic cash ledger
You can claim refund wrongly paid excess taxes in this section. The refund will be further segregated into tax, interest, penalty, fees, and other amounts.
13. Debit entries in cash ledger for tax /interest payment [to be populated after payment of tax and submissions of return]
All GST payments that have been made in cash reflect here. These payments are further segregated into tax paid through cash, interest paid or late fees paid.
At the end, you will sign the declaration stating that all the details provided are correct.
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