Due date of GSTR 4 for FY 2021-22

What is GSTR 4?

Form GSTR 4 (Annual Return) is a summary return that composition taxpayers must file. It will provide information on external supplies, inward supplies, import of services, inward supplies attracting reverse charge, tax payable, and so on.

Who is required to submit GSTR 4?

GSTR 4 shall apply to all composition taxpayers, including service providers, who have chosen the composition scheme in accordance with CGST(R) Notification No. 2/2019 dated 7th March 2019.

With the revision to GST Rule 62, taxpayers who benefited from CGST(R) Notification No. 2/2019 dated 7th March 2019 will no longer be able to file returns in Form GSTR 4 and make payments in Form CMP 08.

When did GSTR 4 become a yearly return instead of a quarterly return?

Composition taxpayers were instructed to file a yearly return in Form GSTR-4 (Annual Return) beginning with the fiscal year 2019-2020 by CGST Notification No. 21 dated April 23, 2019.

Is it required to submit GSTR 4 if a taxpayer was only registered as composition for a portion of the year?

GSTR 4 must be filed by everyone who was registered as a composition taxpayer for any period (even if it was just one day) throughout the fiscal year.

  • who were composition taxpayers at the start of the year but opted out during the course of the year
  • who registered for the composition scheme during the fiscal year and did not opt out during the fiscal year
  • who joined for the composition programme at the start of the year and have never opted out since
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What are the filing options for GSTR 4?

Form GSTR 4 can be filed using both the online and offline utilities.

  • Only after logging in with proper credentials on the GST site can the Online Utility of Form GSTR 4 be viewed on the dashboard.
  • The Offline Utility for Form GSTR 4 can be found in the GST portal’s downloading area.
Is it possible to amend GSTR 4?

Once filed, Form GSTR 4 (Annual Return) cannot be changed.

What is the late fine for failing to submit GSTR 4 on time?

According to Section 47 of the CGST Act 2017, a delay in filing the GST return in Form GSTR-4 would result in a late fine of Rs 200 per day (CGST+SGST/UTGST), subject to a maximum of Rs 2,000.

  • If there is a tax liability, the amount is Rs 2,000/- (CGST+SGST/UTGST).
  • If no tax burden exists – Rs 500/- (CGST+SGST/UTGST).

The decision was made at the 43rd GST Council Meeting and announced in CGST notification no. 21 dated June 1, 2021.

What is the GSTR 4 due date for fiscal year 2021-2022?

For Fiscal Years 2021-2022

  • The 47th GST Council meeting on 29th June 2022 decided to prolong the time of late fees waiver up to 28th July 2022 in presenting the annual return for FY 2021-22, which was issued via CGST Notification No. 12 dated 05.07.2022.

GSTN has erased the composition taxpayers’ negative balance from the cash ledger. However, if the issue has not been remedied, certain taxpayers must file a grievance/ticket for a prompt resolution.

  • Late costs for failure to file the annual report for fiscal year 2021-22 will not be assessed until June 30, 2022. The 28th of July, 2022. CGST Notification No. 7 was published on May 26, 2022, for the forgiveness of late fees for returns submitted between May 1st and June 30th, 2022. (Note: It is unclear whether late costs will be paid to taxpayers who filed between May 1st and May 25th, 2022.)
  • The waiver of late fees was made possible by the issue of negative liability under GSTR 4 that composition taxpayers faced. Negative liability was reflected for taxpayers who used the money in the negative liability statement rather than depositing cash when filing GST CMP 08 for the following fiscal year or years.
  • The due date was announced as April 30, 2022 – CGST Notification No. 21 dated April 23, 2019.

Read More: The Government Has Announced A Slew Of Procedural Modifications To The GST Rules.

When is GSTR 4 due for fiscal year 2020-21?

For the 2020-2021 fiscal year

  • The deadline for the 43rd GST Council Meeting has been extended to July 31, 2021.
  • CGST notification no. 10 dated 01.05.2021 extends the deadline to May 31, 2021.
  • The due date was announced as April 30, 2021 – CGST Notification No. 21 dated April 23, 2019.
What is the GSTR 4 due date for fiscal year 2019-2020?

For the 2019-2020 fiscal year

  • Due date extended to October 31, 2020 – CGST Notification No. 64 dated October 31, 2020
  • Due date extended to August 31, 2020 – CGST Notification No. 59 dated July 13, 2020
  • CGST notification no. 34 dated 03.04.2020 extends the deadline until July 15, 2020.
  • The due date was announced as April 30, 2020 – CGST Notification No. 21 dated April 23, 2019.

The deadline, which has already been extended twice, has been extended because Form GSTR 4 was not made available to taxpayers for filing.

When is the quarterly payment due in GST CMP 08?

Quarterly payments must be made in Form GST CMP 08 on or before the 18th day following the end of the quarter.

  • April to June – July 18th
  • July to September – October 18th
  • October to December – January 18th
  • January to March – April 18th
Consider this: If GSTR 4 (Annual Return) is a yearly return filed by composition taxpayers, what is the significance of the Annual Return (Form GSTR 9A) announced to composition taxpayers? Although composition taxpayers have been exempted from completing an Annual Return in Form 9A.