CA Ashutosh Khaitan
What is Form GSTR-4?
Form GSTR-4 is a return which is required to be filed by taxpayers who have opted for composition levy u/s 10 of CGST Act for every quarter. This form was applicable from July-Sep 2017 till Jan-Mar 2019 and filed on quarterly frequency.
The purpose of the return is to provide details of inward supplies, import of services, inward supplies attracting reverse charge and outward supplies along with details of advances paid and adjusted.
Due date of filing of GSTR-4?
Due date of filing of GSTR-4 is 18th of the month following each quarter.
Illustration
For Q3 [Oct-Dec] FY 2018-19, the due date is 18th January 2019.
Applicability of late fee in GSTR-4?
|
Period |
GSTR-4 filing |
Per day late fee (Rs.)* |
Maximum Late fee (Rs.)* |
|
Jul-Sep 2017 till Jan-Mar 2019 |
Non-Nil |
50 |
10,000 |
|
Nil |
20 |
10,000 |
*Cumulative of both CGST and SGST/UTGST.
What is Amnesty Scheme in GSTR-4?
Amnesty scheme is basically a scheme by which the late is reduced for a specified period of time.
Notification No. 02/2023- Central tax dated 31st March 2023 has been issued specifying the below details:
|
Financial Year |
GSTR-4 filing |
Per day late fee (Rs.) |
Maximum Late fee (Rs.) |
|
Jul-Sep 2017 till Jan-Mar 2019 |
Non-Nil |
50 |
500 |
|
Nil |
0 |
0 |
*Cumulative of both CGST and SGST/UTGST.
The reduced late fee shall be applicable if the GSTR-4 which has not been filed by the due date, but the same is filed between 1st April 2023 till 30th June 2023.
Any taxpayer who will be filing the GSTR-4 within the amnesty period stands to benefit.
Note: If there is any tax liability, then the interest at 18% p.a. shall still be applicable on such tax liability which would be paid be debiting the electronic cash ledger as per section 50 of CGST Act, 2017.
Has any amnesty scheme been issued for GSTR-4, previously?
- Notification No. 77/2018 - Central tax dated 31st December 2018 was issued specifying that the late fee would be fully waived off if GSTR-4 for Quarter Jul-Sep 2017 till Jul-Sep 2018 was not filed by the due date, but the same is filed between 22nd December 2018 till 31st March 2019.
- Notification No. 67/2020 - Central tax dated 21st September 2020 was issued specifying the below, if return was not filed by the due date, but the same is filed between 22nd September 2020 till 31st October 2020.
|
Financial Year |
GSTR-4 filing |
Per day late fee (Rs.) |
Maximum Late fee (Rs.) |
|
Jul-Sep 2017 till Jan-Mar 2019 |
Non-Nil |
50 |
500 |
|
Nil |
0 |
0 |
*Cumulative of both CGST and SGST/UTGST.
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