GSTR-4 Return is a statement of inward and outward supplies of a composite taxpayer which was earlier filed on a quarterly basis and now it is replaced by a quarterly statement in Form CMP-08 and it would be filed on annual basis.

Due Date for GSTR 4
The due date for filing GSTR 4 is 30th of April following the relevant financial year.

** The due date to file GSTR-4 for FY 2020-21 is extended up to 31st July 2021.

Who is required to file Form GSTR 4
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). This will include a taxpayer – who have opted for composition scheme since registration and have never opted out subsequently; and who have opted in for composition scheme before starting of the financial year; and who have opted in for composition but subsequently opted out any time during the year.

** If a taxpayer has opted out from composition scheme, he is still required to file GSTR 4 for the period during which he was paying tax under composition scheme.

Revision of GSTR 4
The Form GSTR-4 cannot be revised after filing on the GSTN Portal. There is no option to revise the details filled once it is filed.

Late Fees and Penalty
A late fee of Rs. 200 per day is levied if the GSTR-4 is not filed within the due date. The maximum late fee that can be charged cannot exceed Rs. 10,000.

** The maximum late fee for GSTR-4 that can be charged will be restricted to Rs.500 per return for nil filing and Rs. 2,000 for other than nil filing.