Constitutional Values & Fundamental Principles of the ConstitutionPPT.pptx
GSTR-4 filing guide
1. GSTR-4
Under the guidance :-Prof. Jayraj Javheri sir
NAME:-Mayuri Hemant bhole
Subject:- GST
MBA 2Year 4sem(FINANCE)
PRN NO:-180102031014
2. GSTR-4 is a quarterly return to be filed by Composition dealers .
This article contains in detail each section and the details to be provided in it.
Note: Since counterparty auto-drafted details are not available for action, you
have to enter the following details to file GSTR-4:
Inward Supplies attracting Reverse Charge ONLY and supplies from
unregistered suppliers
Outward supplies net turnover
WHAT IS GSTR 4 ?
3. GSTR 4
GSTR-4 is a document that needs to be filed once every 3 months by registered
tax payers who have signed up for the composition scheme (they are known as
composition vendors). The GSTR-4 contains the total value of the sales and
supplies made, the tax paid at compounding rate, and invoice-level details of
purchases the composition vendor made from other registered tax payers
during the tax period. When you make purchases from registered vendors, the
information from their sales returns (GSTR-1) will be available in the GSTN
portal as GSTR-4A) for you to use in your GSTR-4. Before you file your
return, you can check this information, make changes if necessary, and add any
details that were not auto-populated.
GSTR 4
4. This return can be filed as soon as the relevant quarter ends. The last day to file the GSTR-4 is
the 18th of the month following the end of the quarter. For example, if you are filing the
GSTR-4 for the July-September quarter, you have to file it before the 24th of December, 2017
You have to be a registered tax payer and a composition vendor under the GST.
The aggregate turnover of your business must be less than Rs. 75 lakh per annum.
You should be involved in intrastate trade only.
You need to keep track of all purchases and imports you have made during this quarter.
When to file GSTR-4
5. How to file GSTR 4
The GSTR 4 format consists of several pieces of information about composition dealers.
Let’s take a look at each section in detail.
The first section asks for the year and the quarter for which the GSTR-4 is filed. The
following sections ask for the tax details from that period.
FORMAT OF GSTR
6. 1. PROVIDE GSTIN: THE TAXPAYER’S GSTIN WILL BE AUTO-POPULATED AT THE TIME OF
RETURN FILING.
2. NAME OF THE TAXABLE PERSON: THE TAXPAYER’S NAME WILL ALSO BE AUTO-
POPULATED AT THE TIME OF LOGGING INTO THE COMMON GST PORTAL
3. AGGREGATE TURNOVER: IN THIS SECTION, THE TAXPAYER HAS TO FURNISH DETAILS OF
THE PREVIOUS YEAR’S AGGREGATE TURNOVER, AND THE AGGREGATE TURNOVER FOR THE
PERIOD OF APRIL-JUNE, 2017 (FOR THE FIRST GSTR-4 RETURN).
The form GSTR-4 consists of 13 sections
7. Note that these fields will be auto-populated for the returns of October to December period.
8.
9. 4A. Registered Supplier (other than reverse charge)
Enter the details of inward supplies from a registered supplier whether inter-state or intra-
state on which reverse charge is NOT applicable
These details are required to be filled now for January- March Return Period of FY 2017-18.
4B. Registered supplier (attracting reverse charge) (B2B)
Enter the details of inward supplies from a registered supplier whether inter-state or intra-
state on which reverse charge is applicable
Tax payable amount on inward supplies against reverse charge will be calculated based on
these details
Tax paid under this head will form part of cost of inward supplies
10. 4C. Unregistered supplier (B2B UR)
Enter the details of inward supplies from an unregistered supplier whether
interstate or intrastate
Count of Number of suppliers and Number of Vouchers is not required in the
return
4D. Import of Services subject to reverse charge (IMPS)
Import of services on which tax is to be paid due to applicability of reverse charge
Only IGST and Cess will be applicable and to be paid
Count of Number of suppliers and Number of Vouchers is not required in the
return
11.
12. 5A. SUPPLIES [INFORMATION FURNISHED IN TABLE 4 OF EARLIER RETURNS]
IF DETAILS FURNISHED EARLIER WERE INCORRECT
CORRECTIONS MAY BE MADE UNDER THIS TABLE FOR ANY INCORRECT DETAILS FILLED IN
ANY OF THE HEADS UNDER TABLE – 4
THESE ARE DETAILS NOT REQUIRED TO BE FILLED FOR JULY – SEPTEMBER RETURN PERIOD OF
FY 2017-18
5B. (1) DEBIT NOTES/ CREDIT NOTES (FOR REGISTERED SUPPLIER) (CDNR)
CDN AGAINST INWARD SUPPLIES FROM REGISTERED SUPPLIERS ARE TO BE MENTIONED HERE
CDN AGAINST SUPPLIES ATTRACTING REVERSE CHARGE IS TO BE MENTIONED HERE. TAXES
UNDER REVERSE CHARGE WILL BE PAYABLE NET OFF ORIGINAL SUPPLIES AND CDNS
SINCE MENTIONING ORIGINAL SUPPLIES OTHER THAN REVERSE CHARGE IS NOT APPLICABLE
FOR JULY – SEPTEMBER AND OCTOBER – DECEM BER RETURN PERIOD OF FY 2017-18 CDN
AGAINST SUCH SUPPLIES IS ALSO NOT REQUIRED TO BE MENTIONED
COUNT OF NUMBER OF SUPPLIERS IS NOT REQUIRED IN THE RETURN
5B. (2) Debit Notes/ Credit Notes (for unregistered supplier) (CDNUR)
CDNs against inward supplies from an unregistered supplier is to be mentioned here
Count of Number of suppliers is not required in the return
13. 6. Tax on outward supplies made (Net of advance and goods returned): (TXOS)
Enter the net turnover and select the applicable rate of tax, tax amount will be auto-
computed.
IGST and Cess is not applicable since a composition dealer is not eligible to make
interstate supplies
Net Turnover = Value of taxable supplies (as reflected in original invoices) + advances
received – goods returned + Debit Notes/ Credit Notes
14. 7. AMENDMENTS TO OUTWARD SUPPLY DETAILS FURNISHED IN RETURNS FOR
EARLIER
TAX PERIODS IN TABLE NO. 6:
ANY CHANGE TO BE MADE TO DETAILS OF SALES PROVIDED IN PREVIOUS RETURNS
IS REQUIRED TO BE STATED HERE ALONG WITH ORIGINAL DETAILS.
THIS WILL BE MADE AVAILABLE FROM OCTOBER – DECEMBER RETURN PERIOD OF
FY 2017-18
15.
16. 8A. ADVANCE AMOUNT PAID FOR REVERSE CHARGE SUPPLIES IN THE TAX PERIOD
(AT)
ADVANCE AMOUNT PAID AGAINST INWARD SUPPLIES WHICH TAX IS TO BE PAID UNDER
REVERSE CHARGE
IN CASE THE INVOICES HAVE ALREADY BEEN RECEIVED AGAINST THESE ADVANCE
PAYMENT, SUCH PAYMENTS MUST BE EXCLUDED.
8B. ADVANCE AMOUNT ON WHICH TAX WAS PAID IN EARLIER PERIOD BUT INVOICE
HAS BEEN RECEIVED IN THE CURRENT PERIOD (ATADJ)
8II AMENDMENTS OF INFORMATION FURNISHED IN TABLE NO. 8 (I) FOR AN EARLIER
QUARTER:
THIS WILL BE MADE AVAILABLE FROM OCTOBER – DECEMBER RETURN PERIOD OF FY
2017-18
17. 9. TDS CREDIT RECEIVED: ANY TDS DEDUCTED BY THE SUPPLIER WHILE MAKING PAYMENT
TO THE COMPOSITION DEALER HAS TO BE ENTERED IN THIS TABLE. GSTIN OF THE
DEDUCTOR, GROSS INVOICE VALUE AND THE TDS AMOUNT SHOULD BE MENTIONED HERE.
18. 10. TAX PAYABLE AND PAID: TOTAL TAX LIABILITYAND THE TAX PAID HAVE TO
BE SPECIFIED IN THIS TABLE. IGST, CGST, SGST/UTGST AND CESS HAVE TO BE
SEPARATELY MENTIONED HERE.
19. 11. INTEREST, LATE FEE PAYABLE AND PAID: INTEREST AND LATE FEES
PAYABLE FOR LATE FILING OR LATE PAYMENT OF GST HAVE TO BE
MENTIONED HERE. THE INTEREST OR LATE FEES PAYABLE AND THE
PAYMENT ACTUALLY MADE SHOULD ALSO BE STATED IN THIS TABLE.
20. 12. REFUND CLAIMED FROM ELECTRONIC CASH LEDGER: ANY REFUND OF
EXCESS TAXES PAID CAN BE CLAIMED HERE. THE REFUND HAS TO BE FURTHER
SEGREGATED INTO TAX, INTEREST, PENALTY, FEES, AND OTHERS.
21. 13. DEBIT ENTRIES IN CASH LEDGER FOR TAX/ INTEREST PAYMENT [TO BE
POPULATED AFTER PAYMENT OF TAX AND SUBMISSION OF RETURN]: ALL GST
PAYMENTS MADE IN CASH REFLECT HERE. THE PAYMENTS HAVE TO BE FURTHER
SEGREGATED INTO TAX PAID THROUGH CASH, INTEREST PAID AND LATE FEES PAID.