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Question ID : 35842

GSTR-4 composition return

whether purchase list upload is mandatory for return Q-2 July-Sep 2018, what (Penalty) if the same are not uploaded while filing GSTR-4

Posted by VISHAL GOLCHHA on Oct 13, 2018

Filed Under GST

Answer ID : 74979

Serial 4A of Table 4 requires the composition dealer to furnish details of inward supplies received from a registered supplier (other than supplies attracting reverse charge). Notification 26/2018-Central Tax dated 13.06.2018- Amendment to CGST Rules (Vth Amendment in 2018) States that, in FORM GSTR-4, in the Instructions, for Sl. No. 10, the following shall be substituted, namely:- • “10. For the tax periods July, 2017 to September, 2017, October, 2017 to December, 2017, January, 2018 to March,2018 and April, 2018 to June, 2018, serial 4A of Table 4 shall not be furnished.”; • Earlier this was waived till December, 2017. The idea behind relaxation of finishing purchase details in Table 4A of GSTR 4 is "since auto-population of the details of the inward supplies including supplies on which tax is to be paid on reverse charge has not taken place" as per the Press release made by Ministry of Finance on 17 APR 2018. But, now functionality has been made and auto-drafted purchases made from registered persons based on the GSTR 1 - Outward supplies filed by the supplier are available for view purpose post login to gst portal in GSTR 4 tab. To conclude it is mandatory to furnish inward supplies made by composite taxpayer from registered persons, in table 4A of GSTR 4 from July-September,2018 Quarter and onwards. Regards B Vinay Reddy Article Assistant Hyderabad To subscribe for updates click on below link https://goo.gl/oH6YpW

Posted by B Vinay Reddy on Oct 16, 2018
Answer ID : 74982

Initially they had declared it is mandatory. Later on it was announced it is not mandatory for July to Sep 18 Quarter. It will become a new headache for professionals from next quarter

Posted by Mahesh Kumar on Oct 20, 2018