GSTR-4 Online Upload Functionality Available for Composition Dealers

The Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. GST has simplified the taxation process by merging various taxes like Value Added Tax (VAT), Central Excise Duty, and Service Tax into one single tax. The composition scheme under GST is a simple and easy-to-comply scheme for small and medium-sized businesses. Under this scheme, taxpayers with an annual turnover of up to Rs. 1.5 crores can pay a lower tax rate and file quarterly returns instead of monthly returns.

GSTR-4 is the GST return filing form designed for composition dealers who are eligible to file quarterly returns instead of monthly returns. It is a summary of all the outward supplies, inward supplies, and taxes paid during the quarter. Composition dealers need to file their GSTR-4 return by the 18th day of the month following the end of the quarter.

Online Upload Functionality for GSTR-4

Composition dealers can file their GSTR-4 return online on the GST portal. The GST portal provides an easy-to-use interface for composition dealers to file their GSTR-4 return. The online upload functionality for GSTR-4 is available under the “Returns” tab on the GST portal.

Steps to File GSTR-4 Return Online

Following are the steps to file GSTR-4 return online:

Login to the GST portal using your username and password.
Click on the “Returns” tab and select “Returns Dashboard.”
Select the financial year and return filing period for which you want to file the GSTR-4 return.
Click on the “Prepare Online” button to open the GSTR-4 return form.
Fill in the details of outward supplies, inward supplies, and taxes paid during the quarter.
Click on the “Preview” button to verify all the details entered in the GSTR-4 return form.
Click on the “Submit” button to file the GSTR-4 return. After submitting the return, a success message will be displayed on the screen, and an acknowledgement receipt will be generated.

Points to Remember While Filing GSTR-4 Return Online

Following are some of the important points to remember while filing GSTR-4 return online:

Composition dealers cannot make any amendments or modifications in the GSTR-4 return after filing it.
Composition dealers need to pay the tax liability for the quarter by the 18th day of the month following the end of the quarter.
If the tax liability for the quarter is not paid by the due date, the composition dealer will be liable to pay interest and late fees.
Composition dealers need to file their GSTR-4 return even if there is no business activity during the quarter.
Composition dealers need to file their GSTR-4 return on time to avoid any penalties or legal consequences.

Conclusion

GSTR-4 is a simplified GST return filing form designed for composition dealers. The online upload functionality available on the GST portal makes it easy for composition dealers to file their GSTR-4 return. Composition dealers need to file their GSTR-4 return on time and pay the tax liability to avoid any penalties or legal consequences.

We hope this article has been informative and helpful in understanding the online upload functionality available for composition dealers to file their GSTR-4 return on the GST portal.