GSTR 4 Annual Return for F.Y. 2021-22
This query is : Resolved
27 April 2022
Respected Sir/ Madam
i opt out Composition Scheme on 06/07/2021 , From 07/07/2021 My Status is regular Dealer .
So, which Months purchase will be Show While Filling GSTR 4 for F.Y.2021-22
i opt out Composition Scheme on 06/07/2021 , From 07/07/2021 My Status is regular Dealer .
So, which Months purchase will be Show While Filling GSTR 4 for F.Y.2021-22
07 July 2024
When you opt-out of the Composition Scheme and transition to being a regular dealer, you need to consider the following for filing your GSTR-4 for the financial year 2021-22:
1. **Composition Period (April 2021 to 06/07/2021):**
- For this period, you were under the Composition Scheme. You are not required to file GSTR-4 for this period because composition dealers do not file GSTR-4 for the period they were under composition.
2. **Regular Period (From 07/07/2021 onwards):**
- From 07/07/2021, you are a regular dealer. For the period from 07/07/2021 to March 2022 (end of the financial year), you need to file GSTR-4 as a regular dealer.
**Filing GSTR-4 for FY 2021-22:**
- You should include purchases made from 07/07/2021 onwards in your GSTR-4 returns for FY 2021-22. These purchases should be reported in the relevant sections of GSTR-4, reflecting your status as a regular dealer during this period.
Ensure that you correctly report all sales and purchases made during the regular dealer period in GSTR-4 to comply with GST regulations and to accurately reflect your tax liability.
1. **Composition Period (April 2021 to 06/07/2021):**
- For this period, you were under the Composition Scheme. You are not required to file GSTR-4 for this period because composition dealers do not file GSTR-4 for the period they were under composition.
2. **Regular Period (From 07/07/2021 onwards):**
- From 07/07/2021, you are a regular dealer. For the period from 07/07/2021 to March 2022 (end of the financial year), you need to file GSTR-4 as a regular dealer.
**Filing GSTR-4 for FY 2021-22:**
- You should include purchases made from 07/07/2021 onwards in your GSTR-4 returns for FY 2021-22. These purchases should be reported in the relevant sections of GSTR-4, reflecting your status as a regular dealer during this period.
Ensure that you correctly report all sales and purchases made during the regular dealer period in GSTR-4 to comply with GST regulations and to accurately reflect your tax liability.
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