Quarterly return by the composition supplier under GST

Form and manner of submission of quarterly return by the composition supplier Means

 

This post explains about Form and manner of submission of quarterly return by the composition supplier.  

Form and manner of submission of quarterly return by the composition supplier.

  • Every registered person paying tax under section 10 shall, on the basis of details contained in FORM GSTR-4A, and where required, after adding, correcting or deleting the details, furnish the quarterly return in FORM GSTR-4 electronically through the common portal, either directly or through a Facilitation Centre notified by the Commissioner.
  • Every registered person furnishing the return under sub-rule (1) shall discharge his  liability towards tax, interest, penalty, fees or any other amount payable under the Act or the provisions    of this Chapter by debiting the electronic cash  ledger.
  • The return furnished under sub-rule (1) shall include the  -
    • invoice wise inter-State and intra-State inward supplies received from registered and un- registered persons; and
    • Consolidated details of outward supplies  made.
    • A registered person who has opted to pay tax under section 10 from the beginning of a financial year shall, where required, furnish the details of outward and inward supplies and return under  rules 59, 60 and 61 relating to the period during which the person was  liable to  furnish such details and returns till the due date of furnishing the return for the month of September of the succeeding financial year or furnishing of annual return of the preceding  financial  year,  whichever is earlier.

Explanation.– For  the  purposes of  this sub-rule, it  is  hereby declared that the person shall not be eligible to avail of  input tax credit on  receipt of  invoices or  debit notes from the  supplier  for the period prior to his opting for the composition   scheme.

  • A  registered  person  opting  to  withdraw  from  the  composition  scheme  at  his  own  motion  or where option is withdrawn at the instance of the proper officer shall, where required, furnish the details relating to the period prior to his opting for payment of tax under section 9 in FORM    GSTR- 4 till the due date of furnishing the return for the quarter ending September of the succeeding financial year or furnishing of annual return of the preceding  financial  year,  whichever is earlier.

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