IndiaFilings / Learn / GST / Form Gstr 4 Due Date Extension 2020
Form GSTR-4 Due Date Extension - FY 2019-2020 - IndiaFilings

Form GSTR-4 Due Date Extension 2020

Form GSTR-4 is a quarterly GST return that must be filed by a person enrolled under the GST Composition Scheme. The Central Board of Indirect Taxes and Customs (CBIC)  extend the due date for filing form GSTR-4 annual returns for the financial year 2019-2020 till October 31, 2020. The original deadline for filing the Form GSTR-4  return was 15.07.2020 which was earlier extended till 31.08.2020, on July 13th, 2020.

Synopsis of Notification

The Central Board of Indirect Taxes and Customs (CBIC) vide its notification No. 64/2020-Central Tax dated 31.08.2020 extends the due date of filing form GSTR-4 till August 31, 2020, by amending the Notification No. 21/2019- Central Tax dated April 23, 2019. This notification specifies the guidelines for registered persons paying taxes under Section 10 of the Central Goods and Service Tax Act, 2017, which is related to composition levy. For extension, CBIC amends the first provision of the third paragraph of the Notification No. 21/2019, to extend the due date of Form GSTR-4 till “August 31, 2020” instead of “July 15, 2020”.

GSTR- 4 Filing – Annual Return for Composition Scheme

The person enrolled under the GST composition scheme needs to file the GSTR 4 annual return. Unlike a normal taxpayer who needs to furnish 3 monthly returns, businesses registered under the GST Composition Scheme is required to furnish only one return which is GSTR-4 and its is need to be filed by 30th of April, following a financial year. The dealer opted the composition scheme can pay a flat GST tax based on the sales turnover. Entities with an annual turnover of up to Rs 1.5 crore and satisfying other criteria can be enrolled under the GST Composition Scheme.

GST Composition Scheme

The GST composition scheme is formed to help small taxpayers having a turnover of up to Rs.1.5 crore per annum (The limit for north-Eastern states and Himachal Pradesh is Rs.75 lakh.) with a simple GST compliance mechanism. Firms registered under the GST composition scheme can able to pay tax at prescribed rates and file GST returns. Service providers are not eligible for GST composition scheme, expect for restaurant service providers (which do not serve alcohol). Under the Composition Scheme, manufacturers and traders are liable to pay GST at 1 per cent, while it is 5 per cent for restaurant service providers

Form GSTR-4 Return Filing

To help taxpayers to file GSTR-4 return offline, Goods and Service Tax Network (GSTN) provides the Excel-based GSTR 4 Offline Utility. Taxpayers can file form GSTR-4 return by uploading the JSON file generated from the Offline utility to the GST portal. Know more about Form GSTR-4 Return Filing

FORM GST CMP-08

The composition scheme taxpayers also need to file a self-assessed tax return in a one-page statement, that is Form GST CMP 08 as per the Central Goods and Service Tax (GST) Rules, 2017. The taxpayer is required to file this quarterly return (Form GST CMP 08) by the 18th day of the month.

Penalty for GSTR-4 Late Filings

A late fee of Rs.200 per day will be levied from the taxpayer if the form GSTR- 4 is not filed within the due date. As per the rules, the maximum late fee should not exceed Rs. 5000. The CBIC’s notification pertaining to the Form GSTR-4 return Due Date Extension is attached below for reference. EgxAZABVoAAJ3kQ
RENU SURESH
RENU SURESH Expert
Updated on: September 16th, 2021

Popular Post

Download ePAN Card – Get ePan from NSDL & UTIITSL
80 Small Business Ideas

Starting a small business can be a transformative venture, offering the exciting opportunity...

Nadakacheri – Income Caste Certificate Download Online in Karnataka
TDS Rate Chart for Financial Year 2025-2026 (Assessment Year 2026-2027)

Tax deduction at source, shortly and popularly known as TDS, was introduced by the Income Tax...

Divorce Rules in India: Everything You Need to Know
How To Download GST Registration Certificate Online?

Goods & Services Tax Certificate is issued to people who are registered under GST...

PAN Card Cancellation Online
Find Complete Details of GST Registration Procedure

GST registration applies to all individuals and entities supplying goods or services in India. GST...

Check Your PF Claim Status Online Using PF Tracking ID
Gift Tax in India: Applicability, Exemptions and Rules

Gift tax in India is applied when the value of the received gift exceeds ₹50,000 in the...

Check Your PF Claim Status Online Using PF Tracking ID
Old Regime vs New Regime 2025: Which Tax Regime is Better for You?

The Union Budget 2025 has brought significant changes to India’s personal income tax structure, raising the...

Check Your PF Claim Status Online Using PF Tracking ID
What is the minimum turnover for GST?

The Goods and Services Tax (GST) is an indirect tax system introduced in India in 2017. It functions...

Check Your PF Claim Status Online Using PF Tracking ID
How can I check if a trademark is registered?

A trademark search is simply checking if another person or organization does not already own the...

Check Your PF Claim Status Online Using PF Tracking ID
Section 194H of the Income Tax Act: TDS on Commission & Brokerage

Section 194H of the Income Tax Act in India mandates the deduction of Tax at Source (TDS) on commission or brokerage...

Check Your PF Claim Status Online Using PF Tracking ID
Section 80G Deduction - Income Tax Act

Section 80G Deduction is a facility available in the Income Tax Act which allows taxpayers to...

Check Your PF Claim Status Online Using PF Tracking ID
Crypto Tax in India: Taxation On Cryptocurrency

The Income Tax Department (ITD) has not provided specific guidance on crypto taxes for Indian investors. However...

Check Your PF Claim Status Online Using PF Tracking ID
Internal Audit Applicability Under Companies Act, 2013

Internal audit applicability is a critical concept for companies in India, impacting various...

Check Your PF Claim Status Online Using PF Tracking ID
Difference between Private and Public Company

In the business world, two main types of companies exist: private company and public company...

Check Your PF Claim Status Online Using PF Tracking ID
New GST Rules for Rent

Ministry of Finance vide a Notification No 05/2022- Central Tax (Rate) dated 13.7.2022 has issued...

Check Your PF Claim Status Online Using PF Tracking ID
GSTR-1 and GSTR-3B Due Date Extension - New Due Dates For January 2025

The Central Board of Indirect Taxes and Customs (CBIC) has recently announced an extension...

Check Your PF Claim Status Online Using PF Tracking ID
Different Depreciation Rates under Companies & Income Tax Act

Depreciation is a key concept in finance and accounting. It helps us manage how the value of...

Check Your PF Claim Status Online Using PF Tracking ID
Form 10IA - Section 80DD Deduction

Form 10IA of the Income Tax Department must be filed by taxpayers claiming income tax deduction...

Check Your PF Claim Status Online Using PF Tracking ID
GST on Used Cars: New 18% Tax Rate Explained

The Goods and Services Tax (GST) system in India has been a significant reform in the country's...

Check Your PF Claim Status Online Using PF Tracking ID
MSME Registration - Udyam Registration

India's Gross Domestic Product (GDP) benefits significantly from the substantial...

Check Your PF Claim Status Online Using PF Tracking ID
Section 43B(h) - New MSME 45 Days Payment Rule

The Finance Act, 2023 introduced the MSME 45-day payment rule under Section 43B(h) of the Income Tax Act...

Check Your PF Claim Status Online Using PF Tracking ID
Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024

The Direct Tax Vivad Se Vishwas (DTVSV) Scheme, 2024, was announced by Union Finance Minister...