Everything you need to know about GSTR 4A

1. What is GSTR 4A?

The GSTR-4A Form is an automatically drafted document that is generated based on the data presented in the GSTR-1/5 Form and the Taxpayer GSTR-7 Form, where the distributor of the composition is the recipient. The GSTR-4A Form is a read-only document and the Composition Distributor can not take any action on the GSTR-4A Form. It is a single view record of all invoices received from different suppliers in a particular tax period.

2. What are the contents of GSTR-4A?

  •  3A, 3B(B2B Invoices): This section shows all the inward supplies received from a registered supplier.
  • 4(Credit/Debit Notes): This section displays the Credit/Debit notes added by the supplier in their respective returns.
  • 4 (Amendments to B2B Invoices): This section displays the invoices which the suppliers have amended in their returns.
  • 4 (Amendments to Credit/Debit Notes): This section displays the amendments to Credit/Debit notes done by the supplier in their respective returns.

3. How to view GSTR-4A?

GSTR 4A can be viewed online in the GST portal only if the number of invoices is less than 500 in a particular tax period. Otherwise, invoices must be downloaded and viewed.

5. How to view GSTR-4A from the GST portal?

a. Login to GST portal.

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GSTR-9A

GSTR-9A – Overview, Due Dates & Format

1. What is GSTR-9A?

The GSTR-9A is the annual declaration that must be submitted by taxpayers who have opted for the Composition Plan under GST for a particular financial year. It includes all the information provided in the quarterly returns filed by the composition taxpayers during that financial year.

2. Who should file GSTR-9A?

All taxpayers registered under the composition tax scheme under GST must submit GSTR-9A.

However, the following people are not required to submit GSTR-9A:

  • Non-resident taxable persons
  • Input service distributor
  • Casual Taxable Person
  • Persons paying TDS under section 51 of the Act
  • E-commerce operator paying TCS under section 52 of the Act

3. When is GSTR-9A due?

The GSTR-9A must be submitted before December 31 following the close of the financial year. For example, if the composition taxpayer is submitting GSTR-9A for the fiscal year 2017-18, the taxpayer must submit it before December 31, 2018.

4. What is the penalty for the late filing of GSTR-9A?

GSTR 9

5. Details to be provided in GSTR-9A?

GSTR 9

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How to file GST Annual Return or conduct GST audit?

The audit under GST is the process of examining records, statements and other documents maintained by a taxpayer. The purpose is to verify the accuracy of the declared turnover, the taxes paid, the refund claimed and the tax credit provided, and to assess compliance with the provisions of GST

The tax on goods and services or GST will be a tax to subsume all taxes. It will bring in the regime of “One nation one tax”. To keep a check and examine if the correct GST is being paid and the refund is claimed, certain taxpayers will be subject to an audit under the GST.

GST Auditors in Bangalore

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Threshold for Audit

Each person subject to registered taxes whose turnover during a financial year exceeds the prescribed limit [according to the latest GST Rules, the turnover limit is greater than Rs 2 crore] will have their accounts audited by an authorized accountant or a cost accountant You must submit electronically:

  1. An annual return using the Form GSTR 9B along with the reconciliation statement by 31st December of the next Financial Year,
  2. The audited copy of the annual accounts,
  3. A reconciliation statement, reconciling the value of supplies declared in the return with the audited annual financial statement,
  4. And other particulars as prescribed.

Rectifications after Return Based on Results of Audit under GST

If any person subject to taxes, after submitting a refund discovers some omission / incorrect information (from the results of the audit), it can rectify subject to the payment of interest. However, no rectification will be allowed after the due date to file the tax return for the month of September or the second quarter (as the case may be), after the end of the financial year or the actual filing date of the corresponding annual statement. Come back, whatever it is before.

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