What is GSTR 4?

The GSTR 4 is a return under GST that needs to be filed once every 3 months by registered tax payers who have signed up for the composition scheme (those who opt for this scheme are known as compounding vendors). They would be required to pay taxes at fixed rate without any input tax credit facilities.

  • The taxpayer is only required to indicate the total consolidated value of supplies made during the period and the tax paid at the composition rate.
  • Taxpayer will also need to declare invoice-level purchase information for the purchases from normal taxpayers, which will be auto-drafted in Form GSTR 4A from supply invoice uploaded by counter-party taxpayers in GSTR 1.

GSTR 4 has a total of 13 headings, the taxable person need not worry as most of these will be pre-filled. But we need to understand certain terms:

  1. GSTIN – Goods and Services Taxpayer Identification Number
  2. UIN – Unique Identification Number
  3. UQC – Unit Quantity Code
  4. HSN – Harmonised System of Nomenclature
  5. SAC – Services Accounting Code
  6. POS – Place of Supply of Goods and Services
  7. B2B – From one registered person to another registered person
  8. B2C – From registered person to unregistered person

Due Date for filing of GSTR 4

GSTR 4 is filed quarterly. The last day to file the GSTR-4 is 18th of the month following the quarter for which return is being filed.

Particulars to be filed under GSTR 4

  1. GSTIN – Each taxpayer will be allotted a state-wise PAN-based 15-digit Goods and Services Taxpayer Identification Number (GSTIN). A format of proposed GSTIN has been shown in the image above. The identification of taxpayer will be auto-filled at the time of return filing in future.
  2. Name of the Registered Person – Name of the taxpayer, will be auto-filled at the time of logging into the common GST Portal. Trade Name, if any, should be separately provided.
  3. Aggregate Turnover in the preceding Financial Year– This information is required to be filled only in the first year of GST. Other year onwards it will be auto-filled by the details of the previous year.

GSTR 4 Table 1,2,3

  1. Inward supplies on which tax is to be paid on reverse charge

GSTR 4 Table 4

  • Table 4 to capture rate-wise information related to inward supplies.
  • Table 4A to capture inward supplies from registered supplier other than reverse charge. This information will be auto-populated from the information reported by supplier in GSTR 1 and GSTR 5.
  • Table 4B to capture inward supplies from registered supplier attracting reverse charge. This information will be auto-populated from the information reported by supplier in GSTR 1.
  • Table 4C to capture supplies from unregistered supplier.
  • Table 4D to capture import of service.
  1. 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]

 

GSTR 4 Table 5

  • Table 5: amendment of information, rate-wise, provided in earlier tax periods in table no. 3 and 4 and also original or amended information of debit or credit note.
  • GSTIN not to be provided in case of export transactions.
  1. Tax on outward supplies made (Net of advance and goods returned)

 GSTR 4 Table 6

  • Table 6 to capture details of outward supplies including advance and net of goods returned during the current taxperiod.
  1. Amendments to Outward Supply details furnished in returns for earlier tax periods in Table No. 6

GSTR 4 Table 7

  • Table 7 to capture details of amendment of incorrect details reported in Table 6 of previous returns.
  1. Consolidated Statement of Advances paid/Advance adjusted on account of receipt of supply

GSTR 4 Table 8

  • Information of advance paid related to reverse charge supplies and the tax paid on it including adjustments against invoices issued.
  1. TDS Credit received

GSTR 4 Table 9

  • TDS credit would be auto-populated in a Table 9 from Form GSTR 7A.
  1. Tax payable and paid

GSTR 4 Table 10

  • This will include the details of the tax that is being paid and payable to the Cental and the State Government.
  1. Interest, Late Fee payable and paid

GSTR 4 Table 11

  • This will include the details of the Interest and Late Fees that is being paid and payable to the Central and the State Government.
  1. Refund claimed from Electronic cash ledger

GSTR 4 Table 12

  • This will include the details of the refund claimed from electronic cash ledger and details of the bank account.
  1. Debit entries in cash ledger for tax /interest payment

GSTR 4 Table 13

  • It includes the details of the debit entries in cash ledger for tax/interest payment and it is to be populated after payment of tax and submissions of return.

Verification

GSTR 4 Veification

In case you are confused about GST as a business owner, feel free to consult the GST experts at LegalRaasta. You can get comprehensive assistance on GST Registration and GST Return Filing. You can also use our GST software for doing end-to-end GST compliance.