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GSTR Composition Return - 4

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GSTR 4
750* Basic Package

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Overview

GSTR 4 is a GST return form that can be filed by the composition dealer. The Composition Dealers are different from all other taxpayers. Unlike other Taxpayers, the composition dealer doesn’t need to file three months return. A composition dealer is a dealer who opts for the composition scheme. In the composition scheme, the dealer will furnish only one return a year. 

Entities that can file GSTR 4   

As per the GST regime, any taxpayer who opts for a composition scheme needs to file GSTR 4. It should also cover all the composition schemes as per the service providers vide with the CGST rate. 

Entities that cannot file GSTR 4

The taxpayers those who cannot file GSTR 4 are:

1) Non-resident taxable individuals

2) The taxpayers who are responsible for collecting TCS

3) The taxpayers who are responsible for collecting TDS

4) Input service provider

5) Suppliers of OIDAR

6) Compounding taxable person

Apart from the above entities, all the taxpayers opting for composition scheme can file GSTR 4.

Due date for filing GSTR 4   

As per the GST regime, all the taxpayers opting for the composition scheme must file GSTR 4 within 31st August. If any taxpayer fails to pay within the due date will be held liable to pay the penalty for the late payment.

Penalty for late filing of GSTR 4

As per the GST regime, any taxpayers who opt out for composition scheme must file GSTR 4 within the due date. If they fail to file within the due date, then a late payment fee of INR 200 shall keep on adding until you file GSTR 4. 

Interest on late payment

If any taxpayers under composition scheme fail to file the GSTR 4 within the due dates, they have to pay interest on late payment. According to the central board of indirect taxes, any person who fails to file GSTR 4 within due date has to pay 18% interest per year. The interest shall be added to the number of days you missed out. Thus, it is essential that all the taxpayers should file GSTR 4 within the due dates.

Document Required

  • Purchase Register
  • Sales Register
  • Payment Challan

Time Lines

  • (2 to 3 Days)
  • Purchase the Service
  • Upload / send the Documents
  • Discussion with expert
  • Filing of return with registrar authorities
  • Receipt of Acknowledgement
  • Confirmation to client

Service Covered

Pricing for what you want required service

Basic

750*
  • Expert Consultation
  • PAN Application (if PAN of proprietor is not available)
  • Registration with GST
  • Registration with MSME

Business

1250*
  • Expert Consultation
  • PAN Application (if PAN of proprietor is not available)
  • TAN Application
  • Registration with GST
  • Registration with MSME
  • Registration Under Shop & Establishment Act
  • 3 months GST return filing upto 50 invoice per month

Enterprise

2950*
  • Expert Consultation
  • PAN Application (if PAN of proprietor is not available)
  • TAN Application
  • Registration with GST
  • Registration with MSME
  • Registration Under Shop & Establishment Act
  • 3 months GST return filing upto 50 invoice per month
  • 3 months account upto 75 entries per month
  • Notes:
  • * This price is inclusive of all Govt filing fee and excluding GST amount.

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