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GST Return Filing – Composition Scheme

The GST Composition Scheme is designed to ease the compliance burden for MSME businesses by simplifying GST return filings and GST payment mechanism. In this article, we look at the GST return filing for Composition Scheme in detail.

Composition Scheme Return Filing

All persons registered under the Composition Scheme shall file FORM GSTR-4A every quarter through the GST Common Portal or through a GST Facilitation Centre. GST return for those enrolled under Composition Scheme is due on the 18th of the month, succeeding a quarter. Hence, GST return for composition scheme would be due on April 18th, July 18th, October 18th and January 18th. The GST return filed by a Composition Scheme supplier must include details of:

Composition Scheme – GST Payment Due Date

While filing the GST composition return, the taxpayer is also required to discharge liability towards tax, interest, penalty, fees or any other amount payable under GST by debiting the electronic cash ledger. GST composition is levied at the following rates:

  • Manufacturers, other than manufacturers of such goods as may be notified by the Government – 1%.
  • Suppliers making supplies – 2.5%
  • Any other supplier eligible for composition levy – 0.5%
Withdrawing from GST Composition Scheme

Any taxpayer who is withdrawing from a GST Composition scheme must file FORM GST CMP-04 within seven days of the occurrence of event mandating withdrawal from GST composition scheme. Further, after filing the application for withdrawal from GST composition scheme, the taxpayer must file GST returns till the due date of furnishing the return for the quarter ending September of the succeeding financial year or furnishing of annual return of the preceding financial year, whichever is earlier.

COMPOSITION RETURN PACKAGES

Composition Return

1 Quarter

Rs 899 /Month

You Pay Rs. 2697 Only for 1 Quarter

   Phone Support

   GSTR 1 Return Filing

   GSTR 3B Return Filing

Composition Return

2 Quarters

Rs 749 /Month

You Pay Rs. 4494 Only for 2 Quarters

   Phone Support

   GSTR 1 Return Filing

   GSTR 3B Return Filing

Composition Return

4 Quarters

Rs 499 /Month

You Pay Rs. 5988 Only for 1 Quarter

   Phone Support

   GSTR 1 Return Filing

   GSTR 3B Return Filing

GSTR-4: Return Filing, Format, Eligibility & Rules

A dealer registered under composition scheme of GST is required to furnish GSTR-4 annually. Read more to understand GSTR-4

GSTR-4 is a return that must be filed by the taxpayers opting for Composition Scheme on an annual basis. Until the FY 2018-19, the return was filed every quarter which got replaced by CMP-08.

Latest Updates

5th July 2022
The due date of GSTR-4 for FY 2021-22 is further extended by a late fee waiver up to 28th July 2022 vide Notification 12/2022 dated 5th July 2022.

26th May 2022
As per the CGST Notification no.7/2022 dated 26th May 2022, the late fee has been waived for the delay in filing GSTR-4 for FY 2021-22, if it is filed between 1st May to 30th June 2022.

28th May 2021
As per the outcome of the 43rd GST Council meeting and CBIC notification,
(1) Interest relief has been provided for filing of CMP-08 for Jan-March 2021 quarter as per which, for any delay, interest is not charged until 3rd May, whereas 9% of reduced interest will be charged if filing is done thereafter until 17th June, and 18% later on.
(2) The due date to file GSTR-4 for FY 2020-21 is extended up to 31st July 2021.
(3) The maximum late fee for GSTR-4 that can be charged will be restricted to Rs.500 per return for nil filing and Rs. 2000 for other than nil filing.

1st May 2021
(1) The due date to file GSTR-4 for FY 2020-21 was extended from 30th April 2021 to 31st May 2021.
(2) Form CMP-08 that was due by 18th April 2021 for January-March 2021 has been given a relaxation in the interest charges. No interest for filing on or before 8th May, interest reduced to 9% between 9th May and 23rd May, but charged at 18% thereafter.

Late Fees and Penalty

As per the latest update, a late fee of Rs.50 per day is charged up to a maximum of Rs.2,000. Where the tax liability is nil, the maximum late fee is Rs.500. Previously, the late fee of Rs. 200 per day used to be levied if the GSTR-4 is not filed within the due date. The maximum late fee that could be charged did not exceed Rs. 5,000.

DISCLAIMER

We are India's fastest-growing technology-driven online business services platform dedicated to helping people easily start and grow their business, at an affordable cost. We aim to help the entrepreneur with regulatory requirements and offer support at every stage to ensure the business remains compliant and continually grows. This website is not associated with the Ministry of Consumer Affairs, Also we are not Government Website. We are a Private Company managing this website and providing services and assistance for the Business Benefits of Traders, Manufacturers, or Service sectors. Some of our services include incorporation, government registrations & filings, accounting, documentation, and annual compliances.