GSTR-4 is the GST Return with details of sales and purchases made by a composite dealer. The taxpayer should file it electronically on the GST Portal on a quarterly basis.
Every taxpayer registered under the Composition Scheme of the GST Act should file this return. While the dealers registered under the regular scheme should file returns every month, a composite dealer should file GSTR 4 every quarter. Tax liability on sales is to be paid every quarter instead of every month.
It is important to note that a business can opt for composition scheme if the aggregate turnover is up to Rs.1.5 Cr in case of goods and Rs.50 lacs in case of services and the business fulfils certain specified conditions.
The following persons cannot file GSTR-4:
- Persons registered under the regular scheme (GSTR-3B and GSTR-1)
- Non-Resident Taxpayers (GSTR-5)
- OIDAR Service Provider (GSTR-5A)
- TDS Deductor (GSTR-7)
- E-Commerce Operator (GSTR-8)
- Input Service Distributors (GSTR-6)
FAQs
Yes, it is mandatory to file Form GSTR-4, in case you have opted for composition scheme.
Yes, you can view/download the preview of Form GSTR-4 by clicking on ‘Preview GSTR-4’ before filing on the GST Portal.
There is no proper column is GSTR-4 to show the Exempted Outward Supplies. According to CBEC, Traders can sell Exempted goods within state and they need not to show Exempted supply in his Turnover. TRADERS need to less the Exempted supplies value from Total Turnover and then show it in return
