Different Returns for Composition Scheme

Transcript

Different Returns for Compositon Scheme Composition Dealers do not file normal GST Returns GSTR3B and GSTR1 They instead file GSTR4 Return What is GSTR4 Return GSTR4 Contain details of Total Sales and Purchases Sales are shown Total but Purchases are shown bill vise What is Due Date for GSTR4 Return For FY 2017-18 and FY 2018-19 This GSTR4 Return was earlier filed Quarterly Due date was 18th of Next Quarter Example Apr-June 18 july July-Sep 18 oct Oct-Dec 18 Jan Jan-Mar-18 April Now from FY 2019-20 onwards GSTR4 Return has been made Annually Due date is 30 April of Next Year For FY 2019-20,Original due date was 30 April 2020 Also a mini challan cum return called CMP-08 is to be filed Quarterly (Due date is 18th of Next Quarter just like GSTR4 was earlier) Returns of Composition Dealer Earlier Now (From 2019-20) Composition Dealer Output GST GSTR 4 Return Quarterly Composition Dealer GST Payable Output GST CMP-08 Quarterly + GSTR 4 Return Annually GST Payable Returns of Composition Dealer Earlier FY 2017-2018 FY 2018-2019 GSTR4 Quarterly Due Date 18 days from end of Quarter Apr-June -18th July July-Sep -18th Oct Oct-Dec - 18th Jan Jan-Mar - 18th Apr Now FY 2019-2020 CMP-08 Quarterly Due Date 18 days from end of Quarter Apr-June - 18th Jul July-Sep - 18 Oct Oct-Dec - 18 Jan Jan-Mar - 18 Apr GSTR4 Annual Apr-Mar -30-Apr Extended to 30-Jun for this year Extended Due dates for 2019-20 Dates have been extended due to various reasons like Technical Issues, Coronavirus Lockdown etc. Latest due dates are as follows Year Quarter Original Due date Extended to CMP-08 Apr-June 18 July 2019 31 Aug 2019 CMP-08 Jul-Sep 18 Oct 2019 22-Oct-2019 CMP-08 Oct-Dec 18 Dec 2019 CMP-08 Jan-mar 18 Apr 2019 7-July-2020 GSTR4 Apr-Mar 30-Apr-20 15-July-2020