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GSTR-4 in TallyPrime

TallyPrime gives you an overview of the GSTR-4 report, where you can see the company information on top, the Return view, and the Nature view of the transactions. You can also view the total number of vouchers along with the number of vouchers under different headings in the Return Summary of the report. GSTR-4 contains different sections or tables for recording multiple types of supplies, such as taxable, exempted, and even nil-rated. You can also learn about the GSTR-4 filing along with the descriptions for each section of this report.

GSTR-4 is a tax return that has to be filed annually by a composite dealer on the GSTN portal. The filing of a tax return might sound difficult, but with TallyPrime, your journey becomes easy. You only have to record your GST transactions in TallyPrime, as usual, and your transactions appear in sections of the GST returns based on their nature as of the date you record them. You can just verify and export the details and upload them to the portal, and all your GST data from TallyPrime appear seamlessly on the portal.

To file GSTR-4, you must upload the details of your GST sales in the relevant tables or sections on the portal. TallyPrime’s GSTR-4 report is perfectly mapped to the tables of the GSTR-4 form, and all your GST sales are automatically assigned to the relevant tables. Once your details are up and running in TallyPrime, you can rest assured that these details seamlessly reflect on the portal as well. You can view the report as Return view which is the mirror of how your data appears in the portal, and also in the Nature view which is the mirror of your data in your company books.

Overview GSTR-4 Report

We understand how important it is to balance the compliance and the business aspects of your transactions. Hence, TallyPrime comes with a GSTR-4 report that is tailored to meet your many requirements in one place. You can not only view your key GST figures as per the portal but also view how these numbers are reflected in your books. 

Moreover, if there are any errors or uncertainties in your GST details, you can easily identify and resolve them in TallyPrime. 

1. Open GSTR-4 report.
   Press Alt+G > type or search GSTR-4 > press Enter.
   Alternatively, go to Gateway of Tally > Display More Reports > GST Reports > GSTR-4.
   If you are in Rel 2.1 and earlier, you can view the report from Gateway of Tally > Display > Statutory Reports > GST > GSTR–4. 

   TallyPrime shows the default period for the report as per the last voucher date entry. Press Alt+F2 to view the report for any period other than your current reporting period.

2. Click F12: Configure and enable the option Show breakup of Tax Amount, to view the taxes in separate columns. 
   

GSTR-4 has the following sections, which address your specific needs with great simplicity.

• Header – Company Information
• Return View – Mirror of the Portal
• Nature View – Mirror of Company Books

Header | View Company Information

The header section in GSTR-4 captures some of your key information, such as the Company name, GST Registration, Period, and so on. If required, you can change one or more of these necessary details, and the contents of the reports get updated accordingly.

What’s more, if your business consists of multiple GST registrations/GSTINs, then the GSTR-4 report provides you with an amazing view of your combined GST details and activities across registrations. However, TallyPrime also provides you with the flexibility to view GSTR-4 for only one registration, from any of your companies.

View GSTR-1 for a specific GSTIN

Press F3 (Company/Tax Registration) and select the required company or registration from the list.

Return View | View GST Details in the Format of the Portal

The Return View section is your personal map of the GSTN portal. Every section or table on the portal is faithfully represented in this section so that you can conveniently share the data with the tax department. The best part is that you don’t have to do anything extra from your end. Depending on the nature of a particular transaction, TallyPrime captures all your transaction in the respective sections or tables.

The Return View section displays the following sections, based on your transactions during the period.

• Inward Supplies from Registered Supplier (Other Than Reverse Charge)
• Inward Supplies from Registered Supplier (Reverse Charge)
• Inward Supplies (unregistered)
• Import of Services
• Debit/Credit Notes (Registered)
• Debit/Credit Notes (Unregistered)
• Tax on Outward Supplies
• Advance Amount Paid
• Adjustment of Advances Paid
• Interest, Late Fee, Penalty and Others

Inward Supplies from Registered Supplier (Other Than Reverse Charge)

This section displays the total value of purchases from a registered supplier and the value of the tax on purchases not attracting reverse charge. 

Inward Supplies from Registered Supplier (Reverse Charge)

This section displays the total value of purchases from a registered supplier and the value of the tax on purchases attracting reverse charges. 

Inward Supplies (Unregistered)

This section displays the total value of purchases from an unregistered supplier.

Import of Services

This section displays the total value of services imported.

Debit/Credit Notes (Registered)

This section displays the sales or purchase returns to registered dealers through credit or debit notes.

Debit/Credit Notes (Unregistered)

This section displays the sales or purchase returns to unregistered dealers through credit or debit notes.

Tax on Outward Supplies

This section displays the value of the tax on purchases.

Advance Amount Paid

This section displays the payment of any advance amount.

Adjustment of Advances Paid

This section displays any adjustments done against the advances paid.

Interest, Late Fee, Penalty and Others

This section displays any interest, late fee, or penalty that is levied for not filing GSTR-4 on or before the due date.

Nature View | View GST Details as per Company Books

Within the context of the GSTR-4 report, TallyPrime provides you with a quick and easy way to compare your return data with the data in your company books. To view these details, you simply have to change the view from Return View to Nature View by pressing F5. The Nature View section provides a general categorization of your GST sales, based on the nature of the transaction. You can view essential GST groups such as Outward Supplies and Inward RCM Supplies, with a breakup of taxable, exempt, nil-rated, and non-GST supplies.

Using the Nature View, you can quickly compare the GST details with the details in your company books, that is, in the Profit & Loss report, Sales Register, or Chart of Accounts. This helps you greatly in identifying and resolving any errors in your data before you can finalize the return.

In the Nature View section, you can find that all your outward supplies and inward RCM supplies are conveniently categorized based on your transactions during the period.

If you have more than one tax rate in the return period, based on the date of applicability, the break-up of nett value appears for taxable sales.

There are two sections in this report:

• Returns summary, which is a snapshot of the business operations in the given period.
• Particulars, which displays transactions participating in the returns.

Returns Summary

This section provides a summary of all transactions recorded in the reporting period. You can drill down on each row to view the details.

Total Vouchers

The Total Vouchers section gives you a bird’s eye view of the key numbers and details across your GST transactions. You get a clear picture of the number of transactions included in the return, the transactions that are ready for export, the transactions where corrections are needed, and so on. You can drill down from each of these sub-sections to take a closer look at the transaction details.

Included in Return

Included in Return gives you an overall count of the vouchers included in GSTR-4. You can further drill down for a detailed breakup of the type of vouchers involved. For example, you can see how many sales returns are included in the return. The best part is that you can further drill down to see the full list of sales returns that have been recorded during the specified period, and also set the Effective Date and GST Status, as needed.

Not Relevant for this Return

Not Relevant for this Return gives you an overall count of the vouchers that are not required to be filed in GSTR-4 in the selected period. This includes transactions of other registrations, returns, or return periods, and also includes non-GST transactions (such as payroll, inventory, and order vouchers) and transactions that were consciously excluded by you.

You can further drill down to view the different categories of transactions. For example, you can see how many non-GST transactions are present. The best part is that you can further drill down to see the full list of voucher types, such as credit notes, journals, payments, and receipts.

Uncertain Transactions (Corrections needed)

Uncertain Transactions gives you an overall count of the vouchers with GST-related errors. You can drill down further from the section to view all uncertain details and correct them. Even if you have hundreds of transactions, you can easily find and fix a particular error. Refer to the Resolve Uncertain Transactions section to know more.

Incomplete/Mismatch in information (to be resolved)

Displays the count of all vouchers for which information required for filing returns is missing in the invoice. You can correct exceptions in the vouchers before exporting GST returns.

Getting Ready for GSTR-4  Filing

Apart from assured compliance, easy design, and great speed, the GSTR-4 report comes with the following features, which make your return filing experience as smooth as possible.

• Resolve Uncertain Transactions
• View Vouchers Accepted as Valid

Resolve Uncertain Transactions

Sometimes, you might experience problems in GSTR-4 filing, if there are any errors or missing details in your GST transactions. When you have hundreds or thousands of transactions, it might get difficult to keep a tab on all the supplies and ensure that all the correct details are in place. However, with TallyPrime at your fingertips, you do not have to worry about such uncertain details at all. 

The GSTR-4 report in TallyPrime comes with an easy, intuitive classification of all such GST-related errors. You can drill down from the Uncertain transactions section to view all such uncertain details and correct them easily. Even if you have hundreds of transactions, finding and fixing a particular error is pretty easy. Moreover, if you think that certain details are correct, and you want to proceed with these details, TallyPrime also provides you with the option to accept such transactions as is.

All your uncertain transactions will be conveniently placed in one of the following groups:

• Transactions with Incomplete/Mismatch in Information
• Inward and Outward Supplies
• Tax and Other Adjustments

Within the above groups, you will find your uncertain details in one of the following sub-groups: 

• Invalid or Missing Information
• Mismatch in Information Between Masters and Transactions
• Mismatch Within the Transaction

Based on your requirement, you can drill down from one of the uncertain sections to view the full list of transactions. For example, if you want to view all the transactions where the Taxable amount is overridden in transaction, then you can drill down from the Taxable Amount is overridden in transaction section and check the full list.

Moreover, if you think that the overridden Taxable amount is correct, and you want to proceed with those details, then you can select the required entry and press Alt+J (Accept As Is).

View Vouchers Accepted as Valid

In the GSTR-4 report,

1. Press Ctrl+J > select Transactions Accepted as Valid > press Enter.
   It displays the list of vouchers that you have accepted as valid and included in the returns.
2. To move the vouchers out of this list and make the required corrections,
   • Press Alt+J (Undo Accept As Is) and press Enter.
     The voucher moves to the relevant exceptions.

Details Captured in Offline Tool

Use the Microsoft Excel format to export the GSTR-4 details that need to be filed.

The description of the data captured in each sheet and columns of the exported file is given below:

Note: Currently, data of purchases from a regular dealer that do not attract reverse charge, purchase from unregistered dealers, credit and debit notes, and amendments will not be exported to the template.

File GSTR-4

GSTR-4 report includes the details of taxable outward supplies, and inward supplies under reverse charge, made by a GST composition dealer in a given period. With TallyPrime, you can file GSTR-4.

File your returns directly on the GST portal

When your data volume is very low, you can directly file the returns on the portal.

1. Log in to the GST portal.
2. Select the Return Filing Period, and click SEARCH.
3. Click GSTR4.
4. Click PREPARE ONLINE.
5. Open each GSTR-4 table, copy the data exported from TallyPrime to GSTR-4 offline tool, and fill the tables.
6. Submit your returns and e-sign.

If you are in Rel 2.1 and earlier, click here.