Everyone knows that all the taxpayers who have taken GST Registration under Composition Scheme are supposed to file the GSTR-4 return once in every quarter.
The form GSTR-4 is a quarterly return form for those registered persons who have opted to go for the GST registration under the Composition Scheme in the new indirect tax policy. As per the GST laws, the tax assessees under the GST composition scheme shall file one only return in every quarter rather than 3 monthly returns, as is the compliance for a normal or regular taxpayer.
In this context, the GST authority has recently brought forward certain key amendments in the structure of the form GSTR-4.
The indirect tax authorities have brought to the table many new features in the GST return filing procedure for the form GSTR-4. These are briefly described as below-
The facility to create and submit GSTR-4 return is now available at the GST portal.
The GST department has brought in several convenient features in the GSTR-4. These are corresponding to the reforms that were introduced in February 2018 for filing GST Return online in respect of form GSTR-3B. Some of those features are as follows-
The GST return filing procedure for the taxpayers with GST registration under the Composition Scheme has been made extremely easy.
The GSTR-4 will appear in questionnaire format wherein the taxpayers will be able to fill up only those tables that are mandatory to be filled.
In the case of a Nil-return, the taxpayer will not be supposed to fill in any detail. Rather, the return can be filled upon authentication only.
Of course! The new GST return filing procedure for form GSTR-4 will be extremely swift. The entire process will be objective type, wherein-
These are some of the newly introduced user-friendly changes in GST return filing procedure for form GSTR-4.