I am registered under composition scheme. Is it mandatory to file gstr 4 and if yes can I file it for 2019-20 as I have not filed it yet. Is there any penalty for late filing.
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Quick Summary
If you are registered under the GST composition scheme, filing GSTR4 is mandatory. You can still file your GSTR4 for the 2019-20 period even if you haven't yet. While there's no late fee mentioned in some advice, Section 47 of the CGST Act does indicate that late filing penalties are applicable.