GSTR 4- Good News for Composition Dealers

Do you file GST returns? Do you need to fill in the greater part of the information over and over on the grounds that it vanishes when the meeting lapses or the site invigorates before the information is saved?You don't need to stress any longer! In any event not if there should arise an occurrence of GSTR-4 (Annual Return). The GST entryway has thought of a disconnected utility of GSTR-4 (Annual Return) which has been made accessible for use since 06 August 2020.

What is this utility?

Form GSTR-4 (Annual Return) disconnected utility is an Excel based tool to encourage arrangement of yearly return creation.You can download this disconnected utility from the Downloads segment on the GST gateway: www.gst.gov.in . However, following points to be keep in mind before downloading it:

1. Always download and use the latest version of the offline utility as and when it is revised.
2. Note the minimum system requirements: The offline utility works best on Windows 7 and MS Excel 2007 and the later versions of both.
3. You can use the utility on laptop/desktop but not on mobile.

Is it accurate to say that you are qualified to file GSTR-4 (Annual Return)? Discover underneath!

Who are eligible	Who are not eligible
· Who have opted for the composition scheme since registration	· Non-resident taxable person
· Who opted out at any time during the financial year2019-2020	· Casual Taxable Person
· Who opted in during the financial year2019-2020	· Input Service Distributor
	· Person required to deduct tax at source u/s 51
	· Person required to deduct tax at source u/s 52
	· UIN holder
	· Regular taxpayer who has not opted for the composition scheme at any time during the financial year2019-20

Components of offline utility;-

Worksheets in the offline GSTR-4 Offline utility

1. Read Me:T his sheet contains instructions on how to fill the data using the offline utility.
2. Home: This sheet allows you to open the downloaded GSTR-4 JSON file, generate JSON file to be uploaded, and open the downloaded error JSON file in case of any errors.
3. 4A.B2B: Enter the details of inward supplies (other than those attracting reverse charge) received from a registered supplier like Goods and Services Identification Number (GSTIN) of supplier, place of supply, supply type, rate-wise taxable value, integrated tax amount, central tax amount, state tax amount, etc.
4. 4B.B2BRC: Enter the details of inward supplies (attracting reverse charge) from a registered supplier. Note that “RC” refers to reverse charge here.
5. 4C.URP: Enter the details of inward supplies received from unregistered suppliers.
6. 4D. IMPS: Enter details of import of services such as place of supply, taxable value, rates, action.
7. CMP-08: This sheet is used to view auto-drafted details provided in filed CMP-08. Data can be imported and auto populated in this table from the ‘Open Downloaded GSTR-4 JSON File’. Otherwise, these details will be populated in this Table after upload of JSON file on GST portal.
8. Inward Outward Supplies: Enter tax rate-wise details of outward supplies during the financial year. The details of inward supplies shall be auto-drafted from table 4B, 4C and 4D for each tax rate-wise on click of “Compute button”.
9. TDS TCS Credit received: This sheet is used to view details related to TDS/TCS credit received during the year. Data can be imported from ‘Open Downloaded GSTR-4 JSON File’. Otherwise, these details will be populated in this Table after upload of JSON file on GST portal.

How to handle errors, if any?

1. Download the error report, which contains those entries that fail validation on the GST portal.
2. Once the error report is generated, open the same in offline utility by clicking Open Downloaded Error JSON File.
3. The message Error report successfully imported will be displayed. Click OK and correct the errors as mentioned in the column GST Portal Validation Errors in each sheet.
4. After making all corrections, again generate and upload JSON on the GST portal.