TMI BlogGstr-4 Annual return in 19-20X X X X Extracts X X X X X X X X Extracts X X X X ..... Sir, A gst registered composite scheme dealer GSTR-4 Annual return filed in f.y.19-20. Question: 1.composite scheme dealer inward supplies details(purchases invoices from registered dealers) uploaded compulsory in GSTR-4 19-20. 2.dealer GSTR-4 and GSTR 9A both returns filed compulsory in f.y.19-20. 3.dealer inward supplies details not uploaded in GSTR-4 Annual return 19-20 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... if future any problems. 4.dealer GSTR-4 Annual return mistake how to modify producer. - Reply By Rajagopalan Ranganathan - The Reply = Sir, Q:1- All registered taxpayers who have opted for composition scheme under GST, for any period during the financial year, need to file Form GSTR-4 (Annual Return). This will include a taxpayer who have opted for composition scheme since regis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tration and have never opted out subsequently; and who have opted in for composition scheme before starting of the financial year; and who have opted in for composition but subsequently opted out any time during the year. Q:2- Yes, it s mandatory for all composition taxpayers to file Form GSTR-4 (Annual Return). Annual Return GSTR-9A prescribed u/s. 44 r.w.r 80 is to be filed f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or every Financial Year. It has been made optional for F Y:2018-19 but Mandatory for FY: 2019-20 to be filed by 31.12.2020 in addition to GSTR-4 . Q:3- the return will be treated as incomplete Actually the system will accept the return without uploading the details of inward supplies. Q:4- No, you cannot revise Form GSTR-4 (Annual Return) after filing. - Reply By Sundaraiah kollipara - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... The Reply = Sir, Thanks reply Question: Composite scheme dealer inward supplies details(purchases invoices) not uploaded filed in GSTR-4 19-20.if any problems future from gst department. - Reply By KASTURI SETHI - The Reply = In order to avoid any penal action for non-uploading inward figures for the year 19-20, you should inform the jurisdictional GST Range Officer about the factua ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l position.You may attach inward figures. This action will prove your bona fides . Accepting GSTR-4 Annual Return without inwards figures by the Common Portal System does not absolve you from the penal action of the department. At present, it is requirement of GST law. Write a simple letter as advised above and be tension free. All the Annual Returns will be scrutinized by the Department ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . So be pro-active. - Reply By Rajagopalan Ranganathan - The Reply = Sir, Please read my reply to Q:3 as the system will not accept the return if it is incomplete without the details of inward supply. - Reply By KASTURI SETHI - The Reply = Yes, Sir. Now the situation is clear. - Reply By Sundaraiah kollipara - The Reply = Sir, Question: 1.a gst composite scheme dealer purchases of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... old and new gold and silver from URD persons . 2.a gst composite scheme dealer purchases of old gunnyies from URD persons. Above mentioned two p composite scheme dealers RCM applicable sec 9(4) under GST Act . - Gstr-4 Annual return in 19-20 - Query Started By: - Sundaraiah kollipara Dated:- 13-11-2020 Goods and Services Tax - GST - Got 6 Replies - GST - Discussion Forum - Knowledge S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... haring, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
