If you are a small business owner or a startup founder in India, you need to learn about the Goods and Services Tax (GST) and how to file your GST returns. In this article, we will provide a comprehensive guide on how to file GSTR-4 on the GST portal and we will also look at the different parts of the GSTR-4 offline utility. Understanding the GSTR-4 will help you to comply with the GST regulations and avoid penalties.
The GSTR-4 is a quarterly return that is filed by composition dealers. Composition dealers are businesses whose annual turnover does not exceed Rs. 1.5 crore. These dealers have to pay a fixed amount of tax, based on their turnover. The GSTR-4 contains information about the dealer's sales, purchases, and tax liability. The deadline for filing the GSTR-4 is the 18th of the month following the end of the quarter.
Here are the steps to follow when filing GSTR-4 on the GST portal:
You can also file your GSTR-4 using the offline utility. The offline utility is a tool that allows you to prepare your return offline and then upload it to the GST portal. The utility can be downloaded from the GST portal. Here are the different parts of the GSTR-4 offline utility:
Filing the GSTR-4 is an important part of complying with the GST regulations in India. As a composition dealer, it is your responsibility to file your returns on time and accurately. By following the steps outlined in this article, you should be able to file your GSTR-4 with ease. If you have any questions or concerns, you can contact the GST helpdesk or consult a tax professional.
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