The GSTR4 return has to be filed by all tax payers who have opted for composition levy. Please read on more about how QuickBooks generates your GSTR4 report, also known as GSTR4 Summary (for Composition scheme users).

To access this new report:

  1. In the left navigation bar, click Reports.
  2. In the All tab, scroll down to the GST returns section and expand it.
  3. Select GSTR4 Summary (for Composition scheme users).
  4. New! Your Reports home page has changed

 

Use the following information to understand how QuickBooks pulls in your transactions into this report.

4A. Inward supplies received from a registered supplier (other than supplies attracting reverse charge).

This section pertains to purchases. Values will be picked up from transactions where all the following conditions are true.

Transaction Type
  1. Bill
  2. Cheque
  3. Expense
Supplier GST Registration Type
&
Tax Status of Transaction
Items marked Yes will
be considered by the report.
Supplier GST Registration Type Includes trx with tax Includes trx without tax
GST registered- Regular Yes Yes
SEZ Yes No
GST registered- Composition No Yes
Tax Codes Non-zero GST or IGST tax codes, i.e.
GST - Exempt GST (0%) 0% GST (0%) 0.25% 3% 5% 18% 28%
IGST - Exempt IGST (0%) 0% IGST (0%) 0.25% 3% 5% 18% 28%
Products and Services
  1. Transactions contain items of the type Inventory, Non-Inventory, Service and do not have Reverse Charge enabled).
  2. Know more about enabling reverse charge in products and services. (How to enter transactions with reverse charge service tax in QuickBooks)

4B. Inward supplies received from registered supplier (attracting reverse charge)

This section pertains to purchases. Values will be picked up from transactions where all the following conditions are true.

Transaction Type
  1. Bill
  2. Cheque
  3. Expense
Products and Services
  1. Products and Service items with Reverse Charge enabled. Note that the Reverse Charge percentage in the GST regime is a uniform 100%.
  2. Know more about enabling reverse charge in products and services. (How to enter transactions with reverse charge service tax in QuickBooks)
Supplier GST Registration Type
  1. GST registered - Regular
  2. SEZ
Tax Status of Transaction Only transactions with tax applied on them.
Tax Codes All GST or IGST tax codes, i.e.
GST - Exempt GST (0%) 0% GST (0%) 0.25% 3% 5% 18% 28%
IGST - Exempt IGST (0%) 0% IGST (0%) 0.25% 3% 5% 18% 28%

4C. Inward supplies received from an unregistered supplier

This section pertains to purchases. Values will be picked up from transactions where all the following conditions are true.

Transaction Type
  1. Bill
  2. Cheque
  3. Expense
Reverse Charge Status of
Products & Services
  1. Products and Service items do not have Reverse Charge enabled.
  2. Know more about enabling reverse charge in products and services. (How to enter transactions with reverse charge service tax in QuickBooks)
Supplier GST Registration Type
&
Product & Service Type
Items marked Yes will be
considered by the report.
Supplier Registration Type Inventory Non-Inventory Service
  1. GST Unregistered
Yes Yes Yes
  1. Overseas
Yes Yes No
Tax Status of Transaction Only transactions with tax applied on them.
Tax Codes All GST or IGST tax codes, i.e.
GST - Exempt GST (0%) 0% GST (0%) 0.25% 3% 5% 18% 28%
IGST - Exempt IGST (0%) 0% IGST (0%) 0.25% 3% 5% 18% 28%

4D. Import of service

This section pertains to purchases. Values will be picked up from transactions where all the following conditions are true.

Transaction Type
  1. Bill
  2. Cheque
  3. Expense
Supplier GST Registration Type
&
Product & Service Type
Items marked Yes will be
considered by the report.
Supplier Registration Type Inventory Non-Inventory Service
  1. Overseas
No No Yes
Tax Status of Transaction Only transactions with tax applied on them.
Tax Codes All GST or IGST tax codes, i.e.
GST - Exempt GST (0%) 0% GST (0%) 0.25% 3% 5% 18% 28%
IGST - Exempt IGST (0%) 0% IGST (0%) 0.25% 3% 5% 18% 28%

6. Tax on outward supplies made (net of advance and goods returned)

This section pertains to sales. Values will be picked up from transactions where all the following conditions are true.

Transaction Type
  1. Invoice
  2. Sales Receipt
  3. Credit Note
  4. Refund Receipt
Tax Status of Transaction Only transactions which are marked Out of Scope of tax.

For Section 6, the CGST and SGST computation will be done on the basis of the composition scheme tax rate selected in the tax centre, i.e. in the GST tax agency. The rate is picked from the GST Tax Centre Settings and is 1% or 5% depending on your selection under the option -

Screenshot of the GST Settings dialog for Composition Scheme users.

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