GSTR 9A Composite dealear

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Composite dealers who under-reported their taxable turnover in GSTR 4 can rectify this in their GSTR 9A return. The corrected turnover should be declared in Table 6A of GSTR 9A, which will automatically reflect the differential tax payable in Table 14. Any outstanding tax must be paid using the DRC-03 challan along with 18% interest. While interest is applicable, penalties are generally only imposed if a show cause notice is issued.

Manoj

Manoj (Querist)
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08 October 2020 I am composite dealer & I have aleady filled GSTR 4 but show less taxable amount in Jan 19 to Mar 19 GSTR 4 Return.
Can i show in GSTR 9A return & if yes then any interest or panelty to be paid ? as due date is 31.10.2020

Please guide

Lekhraj sood

Lekhraj sood (Expert)
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08 October 2020 Yes you can show the correct taxable turnover as per books of accounts in 9A.Interest will be leviable. Penalty only if you get show cause notice.

Manoj

Manoj (Querist)
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10 October 2020 where we show in GSTR 9A & pay balance tax amount with interest @ 18% PA

Lekhraj sood

Lekhraj sood (Expert)
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10 October 2020 It should be shown under table 6A.You should see the differential effect in Table 14.

Manoj

Manoj (Querist)
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10 October 2020 Sir.. Under GSTR 9A : Table 14 show Differential tax paid on account of declaration made in 10, 11, 12 & 13 above. Not mention 6 or 6A.
If I will increase tax same will reflect in Table 14 ?

Lekhraj sood

Lekhraj sood (Expert)
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10 October 2020 Not declared so for is to be mentioned under table 6A.It will automatically increase your tax payable in table 14 .

Manoj

Manoj (Querist)
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12 October 2020 Sir . i have increased turnover in Table 6 and automatically reflect table 14 but where we show balance tax and how we pay balance tax in GSTR 9A. eg. actual sale 100 but show in return 80 difference rs 20 x1% = 2 balance tax Rs 2 where we show nd how we pay

Lekhraj sood

Lekhraj sood (Expert)
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12 October 2020 You have to pay differential tax with DRC03 challan.After that you should add this rs.2 to tax paid column in table 14.

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