gstr 4 annual return filed mistake

Question BankCategory: Goods & Service Tax (GST)gstr 4 annual return filed mistake
kollipara sundaraiah asked 2 months ago

sir,
a gst registered composite scheme dealer annual return filed in year 2019-2020.but dealer mistake sales of taxable turnover 1% tax rate goods(outward supplies detiles) not reported table (6) in annual return gstr4 19-20.
question:
1.dealer mistake of sales of taxable turnover amount how to receity producure gstr 4 annual return in 2019-2020.
2.purchases detailes b2b invoices upload manadatory or not manadatory.
3.dealer mistake of sale of taxable turnover amount adjustment in gst9a in 19-20 or gstr4 annual return year 2020-2021 adjustement is correct method.
4.composite dealer gst9a filed manadatory in 2019-2020.

4 Answers
T. Mehra answered 2 months ago

If GSTR-4 is filed with incorrect detail…and you want to revise it …hence you want the procedure for revision but can we revise GSTR-4 once filled….
No, GSTR4 cannot be revised. The details which have been entered incorrectly can be amended in the next period GSTR-4 return. GSTR4 provides for amendment of the details furnished in previous tax periods.

Rabindra answered 2 months ago

GSTR-4 (GST Return for composition dealer)
Composition Scheme under GST

  1. Taxpayers with turnover below Rs. 1.5 crore ( Rs. 75 Lakh for North-Eastern states and Himachal Pradesh) can opt for composition Scheme.
  2. A composition dealer can also supply services to an extent of ten percent of turnover, or Rs.5 lakhs, whichever is higher.
  3. For calculation of turnover for Composition scheme, turnover of all the businesses registered with same PAN will be considered. 
  4. The following people cannot opt for the composition scheme-

    • Manufacturer of ice cream, pan masala, or tobacco
    • A person making inter-state supplies
    • A casual taxable person or a non-resident taxable person
    • Businesses which supply goods through an e-commerce operator
  5. No Input Tax Credit can be claimed by a dealer opting for composition scheme.
  6. GST rate for composition dealer is 1% manufacturers & traders, 5% for restaurants and 6% of turnover for other service portion. But The taxpayer has to pay tax at normal rates for transactions under the Reverse Charge Mechanism.
  7. The taxpayer has to mention the words ‘composition taxable person’ on every bill of supply issued by him.
  8. Following forms are applicable for composition dealer under GST:-
    • CMP-02 :- To opt for composition scheme..and it is filed only once.
    • CMP-08:- For quarterly payment of GST…and it is to be filed quarterly before 18th of the next month.
    • GSTR-4:- Applicable GST return for composition dealer…to be filed annually upto 30th April of next year………..for FY 2019-20 ..due date of filing GSTR-4 is extended upto 31-8-2020.
    • GSTR-9A : Annual Return for composition dealer…filing requirement GSTR-9A was waived off for FY 2017-18 and 2018-19 but this return is required to be filed for FY 2019-20 upto 31st December 2020

Now coming to your questions:-
Q.1:- Dealer make a mistake in taxable turnover in GSTR-4. What is the procedure to rectify GSTR-4?
Ans:- GSTR-4 once filed cannot be rectified or revised. But you can amend the this data under the head previous tax period in the GSTR-4 of next period. 
Q.2 Do we require to provide inward supply detail in GSTR-4? / detail of B2B invoices is required in GSTR-4 or not?
Ans. Following detail of Inward supplies in required in GST-4:-

Table

Details

4A: Supplies from a registered supplier (other than reverse charge)

A taxpayer is required to provide details of all supplies received from a registered supplier (includes both interstate and intrastate supplies) on which reverse charge mechanism is not applicable.

4B: Supplies from a registered supplier (attracting reverse charge)

A taxpayer is required to provide details of all supplies received from a registered supplier (includes both interstate and intrastate supplies) on which reverse charge mechanism is applicable.

4C: Unregistered supplier

A taxpayer is required to provide details of all supplies received from an unregistered supplier including both interstate and intrastate supplies.

4D: Import of services

A taxpayer is required to provide details of all import services on which tax is payable due to applicability of reverse charge mechanism.

Hence inward supply detail is required to be filed in GSTR-4.
 
Q.3 Dealer make a mistake in taxable turnover in GSTR-4. This mistake is to be corrected in GSTR-9A of same FY or GSTR-4 of next financial year. 
Ans. IN GSTR4, The aggregate turnover in the preceding financial year will get auto-populated. and all other data required to be filed belong to the particular year for which GSTR-4 is to be filed. Earlier to FY 2019-20 GSTR was filed quartely hence if any error in GSTR-4 of one quarter, then it could be adjusted in next quarter GSTR-4. But from FY 2019-20 GSTR-4 is to be filed annually. and It can not be revised.
All the related tax is paid vide form CMP-08, hence you may have paid right amount of GST. Hence turnover figures can be corrected while filing GSTR-9A for same FY . In GSTR-9A, consolidated figures for Inward Supplies is to be furnished (Taxable Value & Taxes break up).  Rate wise summary is not required.
 
Q.4 is filing GSTR-9A mandatory for FY 2019-20?
Ans. For composition dealer, required of filing GSTR-9A was waived off for FY 2017-18 & FY 2018-19. But GSTR-9A is required to filed for FY 2019-20. 
For GST due dates…click here.

Kollipara sundaraiah answered 2 months ago

Sir,
Composite dealer annual return gstr4 filed in 19-20.
Filed after gstr4 Annual return details mentioned below.
1.table (5) turnover Rs:10,09,000/- cgst 5045+sgst 5045 shown in amount
2.table (8) tax payble/paid as per cmp-08cgst5045sgst5045.
Note:the amount of tax paid is displayed as zero since no payments has been made.excess amount paid through form gst cmp-08 than liability declared in gstr4 can be seen in negative liability statements.excess amount rs:10090 has been posted in the said statement and can be utilised to discharge future liability  in shown gstr4.
How to adjustment producure.

Rabindra answered 3 weeks ago

Excess amount paid can be utilized in future liability and such amount is approved can be checked in your cash ledger.

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