FAQs on Form GSTR-4 (Annual Return for Composition taxpayers)

FAQs on Form GSTR-4 (Annual Return for Composition dealers)

Question 1: What is Form GSTR-4?

• Form GSTR-4 is an annual return s a yearly return to be filed once, for each financial year (from 2019-20 onwards), by taxpayers who have opted for composition scheme, for any period during the said financial year. 
• The taxpayers are required to furnish details regarding the summary of outward supplies, Inward supplies, tax payable thereon, etc. 
• Such taxpayers are also required to report a summary of the import of services and supplies attracting reverse charge etc.

Question 2: Who needs to file Form GSTR-4 (Annual Return)?

• All registered taxpayers who have opted for composition scheme under GST, for any period during the financial year, need to file Form GSTR-4 (Annual Return).

Question 3: Is it mandatory to file Form GSTR-4 (Annual Return)?

• Yes, it’s mandatory for all composition taxpayers to file Form GSTR-4 (Annual Return).

Question 4: What is the due date to file Form GSTR-4 (Annual Return)?

• Form GSTR-4 (Annual Return) is to be filed on yearly basis. 
• The due date for filing Form GSTR-4 (Annual Return) is 30th of the month succeeding the financial year or as extended by Government from time to time.
• The due date for financial year 2019-20 is extended to 31st August 2020.

Question 5: I got my registration canceled in the financial year. Am I required to file Form GSTR-4 (Annual Return)?

• The Form GSTR-4 (Annual Return) is required to be filed if you were a composition taxpayer during any part of the financial year and if you have got your registration canceled during the said financial year.

Question 6:  I opted out of the composition scheme in the financial year. Do I need to file Form GSTR-4 (Annual Return)?

• Yes, you need to file Form GSTR-4 (Annual Return) even if you have opted out from the composition scheme, for the period during which you remained under the composition scheme.

Question 7:  What are the pre-conditions for filing Form GSTR-4 (Annual Return)?

• The taxpayer must have been registered in the relevant financial year and opted for a composition scheme for even a day during the financial year.
• The taxpayer must have filed all applicable returns i.e. Form CMP-08 quarterly forms of the relevant financial year (Y) before filing the Form GSTR-4 (Annual Return).

Question 8:  I have not filed all CMP-08 during the financial year. Still, can I file Annual return without the filing of those applicable return(s)/ statement(s)?

• No. You cannot file an Annual return in Form GSTR-4 without filing Form CMP-08, for the applicable period/periods, during the relevant financial year.

Question 9: Can I file nil Form GSTR-4 (Annual Return)?

• Nil Form GSTR-4 (Annual Return) can be filed for the Financial year, if you have: –
• NOT made any outward supply
• NOT received any goods/services
• Have NO other liability to report
• Have filed all Form CMP-08 as Nil
• There is no late fee to be paid for Form GSTR-4

Question 10: From where can I file Form GSTR-4 (Annual Return)?

• Form GSTR-4 (Annual Return) can be accessed on the GST Portal, post login in the Returns Dashboard by the composition taxpayer.
• The path is Services > Returns > Annual Return to file Form GSTR-4 (Annual Return).

Question 11: What are the modes of signing Form GSTR-4 (Annual Return)?

• You can file Form GSTR-4 (Annual Return) using DSC or EVC.

Question 12: Can I revise Form GSTR-4 (Annual Return) after filing?

• No, you cannot revise Form GSTR-4 (Annual Return) after filing.

Check GSTR-3B Updated Due Date as on 01-07-2020

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[Disclaimer:-This article is being furnished for informational purposes only. We make every effort to use reliable & comprehensive information, but we do not represent that the contents of the article are accurate or complete.]