Goods and Service Tax

GST Filing - GSTR-4 (Composition Supplier)

GST Filing - GSTR-4 (Composition Supplier)

  • Overview
  • Points to remember
  • Process

GST Filing – GSTR-4 (Composition Supplier)

Filing your GST- 4 returns for 1 year is now super easy! Opt for this plan and get all filing and compliance needs taken care off!

Frequently Asked Questions

In the GST regime, any regular business has to file three monthly returns and one annual return. This amounts to 37 returns in a year. The beauty of the system is that one has to manually enter details of one monthly return – GSTR-1. The other two returns – GSTR 2 & 3 will get auto-populated by deriving information from GSTR-1 filed by you and your vendors.

A return is a document containing details of income which a taxpayer is required to file with the tax administrative authorities. This is used by tax authorities to calculate tax liability. Under GST, a registered dealer has to file GST returns that includes:


• Purchases
• Sales
• Output GST (On sales)
• Input tax credit (GST paid on purchases) Under this plan, our experts will file your GST Returns

A registered taxpayer, whose aggregate turnover does not exceed Rs seventy-five lakh in the preceding financial year. Includes following categories of registered persons
• Manufacturers (other than manufacturers of notified goods)
• Suppliers of food or any other article for human consumption or any drink (other than liquor)

A composition dealer will enjoy the benefits of lesser returns & compliance along with payment of taxes at nominal rates. A composition dealer will file only 2 returns:


• GSTR-4 is a quarterly return for compounding taxable person. It's filed on 18th of the month succeeding quarter.


• GSTR-9A is an annual Return. It's filed on 31st December of next financial year.

If you are supplying the food product in packets to the customers, then it will be considered as manufacture and accordingly, 2% GST rate will apply. However, if supply bhajiya to the customers in your restaurants, then 5% GST shall be applicable.

 Services Covered

  1. GST Returns (GSTR-4) for 1 year (inclusive of purchase & sales) for ONE GSTIN
  2. Filing for B2B and B2C invoices
  3. Reconciliation for all transactions
  4. Book-Keeping and Accounting are not part of this package

 

Who Should Buy

  1. Dealers registered under Composition Scheme

Documents To Be Submitted

  1. Purchase and sales register
  2. Payment challan for GST

Lets see the process

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Task Completion

GST Filing - GSTR-4 (Composition Supplier)

₹7,999.00

To make tax compliance easier, the income tax department has categorized taxpayers into many groups based on income and its source. So, you need to file your returns accordingly. Registers with GST Filing - GSTR-4 (Composition Supplier) plan and enjoy the benefits

Benefits of GST Registration ?

  • The GST will consolidate Central Excise Duty, Service Tax, VAT, Central Sales Tax, Customs Duty, Central Surcharge & Cess, Octroi, Luxury Tax, Entertainment Tax, Purchase Tax and a few other indirect taxes. The GST will apply on all goods and services. Even petrol and petroleum products will eventually be subject to it.This would make tax collection and compliance easy for businesses across the country.

  • The GST council has decided on a four-tier structure. The GST rate will depend on the type of goods and services. Currently, the slab rates are 5%, 12%, 18% and 28%

  • Currently various businesses like restaurants, computer sales and services businesses have to deal with both VAT and Service Tax regulations resulting compliance burden on the business, as they have to calculate taxes for the transaction based on different rates for different items. With the Implementation of GST Business will be made easy

  • Since in some states under the VAT regime, businesses are required to comply with VAT regulations once they cross an annual turnover of Rs.5 lakhs. Under GST regime, GST liability occurs only if an entity crosses an annual turnover of Rs.10 lakhs in northeast or hill states, whereas for rest of India, the threshold is set at Rs.20 lakhs.