Urgent answer required

Save Share

This query is : Resolved

Ankit N (Querist)

16 October 2018 HELLO ALL
MY QUERY

A COMPOSITE DEALER DOING THE TRADING BUSINESS. AT THE TIME OF OPENING UP OF THE CURRENT ACCOUNT GIVES HIS GST NO. TO BANK.
BANK DEBITED SOME CHARGES WITH GST FOR OPERATION OF CURRENT ACCOUNT
THESE CHARGES ARE ALSO SHOWN IN B2B COLUMN OF GST
QUERY
DO WE NEED TO PUT THESE CHARGES IN ANY GSTR4 RETURN OF Q2
IF YES IN WHICH COLUMN

ASKED A NUMBER OF EXPERT BUT NOT RECEIVED ANY CORRECT ANSWER WITH REASONING

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

16 October 2018 Composition dealer can't claim any ITC so no need to put these charges in gstr 4.

RAJA P M

RAJA P M (Expert)

16 October 2018 As per Your query., The All Inward supplies (Goods and/or Services) will be shown in GSTR 4 under 4A Column... But, In current scenario "Inward details not required in GSTR 4". So, No need to show Your inward supplies. GOOD LUCK.

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

30 October 2026 Under current rules, quarterly GSTR-4 has been replaced by CMP-08 and an annual GSTR-4, and the annual return asks for inward supplies from registered suppliers in Table 4A, auto-drafted from their GSTR-1. Bank charges billed to your GSTIN will therefore appear there, even though a composition dealer cannot claim ITC on them.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now