Step BY Step Guide for GSTR 4 for Composition Dealer for FY 2019-20

Step BY Step Guide for GSTR 4 for Composition Dealer for FY 2019-20 (Last date 31-Aug-2020)

Step 1. Provide the details in table 3 “Aggregate turnover in the preceding Financial Year”.

Click on SAVE. Post saving of details, the dropdown of relevant tables and option to file NIL GSTR-4 are made available in the next screen.

Step 2. Fill the appropriate table from the drop-down list.

To enter/ edit/ view details in Form GSTR-4:

  • 1.       Select an appropriate table from the drop-down list.
  • 2.       Once selected, enter required details in that table.

4A. Inward supplies received from a registered supplier (other than supplies attracting reverse charge)

1.      Enter Supplier’s GSTIN

Click the Add “+” button to add Item Details

Enter item details and click the Add “+” button, to add more items details for another Tax rate for that supplier.

Click SAVE button and the document gets added to the Processed records (Validated Successfully) section.



4B. Inward supplies received from a registered supplier (attracting reverse charge)

Enter Supplier’s GSTIN

Click the Add “+” button

Enter item details and click the Add “+” button, to add more items details for another Tax rate for that supplier.

Click SAVE button and the document gets added to the Processed records (Validated Successfully) section.

4C. Inward supplies received from unregistered suppliers

Enter PAN details (Optional Filed)

Click the Add “+” button to add Item Details

Enter only Taxable Value

Click SAVE button and the document gets added to the Processed records (Validated Successfully) section.

4D. Import of Service

Place of Supply shall be pre-selected as Registration State. The same cannot be changed.

Click the Add “+” button to add Item Details.

Enter item details and click the Add “+” button, to add more items details for another Tax rate for that supplier.

Click SAVE button and the document gets added to the Processed records (Validated Successfully) section.

5. Summary of self-assessed liability as per FORM GST CMP-08 (Net of advances, credit and debit notes and any other adjustment due to amendments etc.)

The details are auto-drafted from all applicable filed Form GST CMP-08 for the financial year. The details are view only and no changes can be made.

6. Tax rate wise details of outward supplies / inward supplies attracting reverse charge during the year (Net of advances, credit and debit notes and any other adjustment due to amendments etc.) 

Inward supply details are auto drafted based on the details provided in table 4B, 4C and 4D. 

The details shall be available after the taxpayer has clicked on PROCEED TO FILE. 

The outward supply details are required to be provided by the taxpayer against applicable tax rates.


7. TDS/TCS Credit received

 Amount of ‘TDS and TCS credit received’ shall be auto-drafted based on the filed TDS and TCS credit received form during the financial year.

The details are for view only and cannot be edited.

8. After Filling all the required Data click on Proceed to File

Draft GSTR 4, will appear on the screen 

After review click on Continue button

After that Payment of Tax Dialogue Box will appear

If required create the challan otherwise click on FILE GSTR-4 Button to file the return.


Disclaimer:

The Purposes of the article is knowledge sharing while the information is believed to be accurate to the best of my knowledge and belief. I do not make any representation or warranties, express or implied, as to the accuracy or completeness of this information. I accept no responsibilities for any errors it may contain, whether caused by negligence or otherwise or for any loss, howsoever caused or sustained, by the person who relies upon it.


 


Comments

Popular posts from this blog

Angel Tax : Decoding the tax row that's making startups nervous

GST Return Due Date for August 2020

GST Procedure – Steps to be followed in case of Death of Sole Proprietor