{"id":7354,"date":"2018-10-18T11:34:52","date_gmt":"2018-10-18T06:04:52","guid":{"rendered":"https:\/\/www.hostbooks.com\/in\/?p=7354"},"modified":"2020-02-25T11:39:16","modified_gmt":"2020-02-25T06:09:16","slug":"gstr-4-update-composition-dealers","status":"publish","type":"post","link":"https:\/\/www.hostbooks.com\/in\/hb\/blog\/gst\/news-and-updates\/gstr-4-update-composition-dealers\/","title":{"rendered":"GSTR-4 Update: Composition Dealers not required to furnish &#8216;inward supply&#8217; details in quarterly returns"},"content":{"rendered":"<p style=\"text-align: justify;\">Source: <a href=\"https:\/\/pib.gov.in\/newsite\/PrintRelease.aspx?relid=184235&#10;\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Pib<\/a><\/p>\n<ol>\n<li style=\"text-align: justify;\">Finance Ministry issued a clarification on the manner of filing the Quarterly Return by Composition Dealers in FORM GSTR-4;<\/li>\n<li style=\"text-align: justify;\">It explained&nbsp;that such taxpayers need not furnish the data in serial number 4A of Table 4 of FORM GSTR-4 i.e.&nbsp;Inward supplies received from a registered supplier (other than supplies attracting reverse&nbsp;charge);<\/li>\n<li style=\"text-align: justify;\">A clarification has been issued pursuant to doubts regarding the manner of filing such Quarterly Return in absence of auto-population of details of inward supplies (other than supplies attracting Reverse Charge) received from registered suppliers;<\/li>\n<li style=\"text-align: justify;\">It clarified that, the required changes in CGST Rules, 2017 would be notified shortly.<\/li>\n<\/ol>\n<h3 style=\"text-align: center;\">Finance Ministry Press Release<\/h3>\n<h4 style=\"text-align: center;\">Ministry of Finance Clarification on the manner of filing the Quarterly Return by Composition Dealers in FORM GSTR-4<\/h4>\n<h4 style=\"text-align: center;\">Posted On: 17 OCT 2018 3:10PM by PIB Delhi<\/h4>\n<p style=\"text-align: justify;\"><em>It has been brought to notice that doubts regarding the manner of filing the quarterly return by Composition Dealers in FORM GSTR-4 in the absence of auto-population of the details of inward supplies (other than supplies attracting reverse charge) received from registered suppliers exist amongst taxpayers.<\/em><\/p>\n<p style=\"text-align: justify;\"><em>In this regard, it is to clarify that the taxpayers who have opted to pay tax under the composition levy shall not furnish the data in serial number 4A of Table 4 of FORM GSTR-4. The required changes in the CGST Rules, 2017 would be notified shortly.<\/em><\/p>\n<p style=\"text-align: justify;\">Since July 1, 2017, over 18 lakh businesses opted for composition scheme, which allows them to pay taxes at a concessional rate and makes compliance easy under the Goods and Services Tax (GST) regime. Businesses with annual turnover of up to Rs 1.5 crore can opt for the scheme.<\/p>\n<p style=\"text-align: justify;\">The last date for <a href=\"https:\/\/www.hostbooks.com\/in\/gst-software\/\">filing GST returns<\/a> for the July-September quarter for such dealers is October 18.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: Pib Finance Ministry issued a clarification on the manner of filing the Quarterly Return<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":7353,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9267],"tags":[],"yst_prominent_words":[],"_links":{"self":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/7354"}],"collection":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/comments?post=7354"}],"version-history":[{"count":2,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/7354\/revisions"}],"predecessor-version":[{"id":10909,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/7354\/revisions\/10909"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media\/7353"}],"wp:attachment":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media?parent=7354"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/categories?post=7354"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/tags?post=7354"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/yst_prominent_words?post=7354"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}