GST ANNUAL RETURN GSTR 4

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This discussion clarifies the mandatory nature of the GSTR-4 annual return for composite taxpayers, specifically for the 2019-2020 period. It addresses the common misconception that annual returns are unnecessary for businesses with turnovers below £2 crore, distinguishing GSTR-4 from the optional GSTR-9A. The query seeks to understand the obligations and potential penalties for failing to file GSTR-4, even with a turnover under the specified threshold.

TUSHAR KANTI BHATTACHARYA

TUSHAR KANTI BHATTACHARYA (Querist)

15 March 2021 My quarry is, GSTR 4 which was annual return for composite tax payers for 2019-2020, but I knew that below 2Crore transaction annual return filling is not necessary. what am I do , I have not yet filled my annual GSTR4 .
If any one knows about this above , then make a reply shortly.

CS Advocate Abhishek Goyal

CS Advocate Abhishek Goyal (Expert)

26 March 2021 GSTR-4 was not made optional. It was only GSTR-9A which was made optional for two years i.e. 17-18 and 18-19.

TUSHAR KANTI BHATTACHARYA

TUSHAR KANTI BHATTACHARYA (Querist)

30 March 2021 Is GSTR4 for composite tax payers is mandatory for those dealers who under 2crore turnover ? if any dealers fails to do so what is the consequence ? But 9A is also optional for below 2crore turnover whatever I knew. Please suggest me.

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