Composition dealer

187 views
User Avatar

TAX PRACTITIONER
293 Points Posted on 13 July 2020
dear sir, my client register under composition and his total purchase is 15 lakh for the fy 2019-20 but in Gstr 4A showing only 6 lakh rs purchase.then what will happen.
0 Reply Share Follow
On 13 July 2020 at 13:05 Report
Replies (2)
Quick Summary
This discussion addresses a common concern for composition dealers regarding discrepancies between their actual purchases and the figures shown in GSTR 4A. The key takeaway is that GSTR 4A is a view-only document for composition dealers and does not impact their tax liability, as they cannot claim input tax credit. Therefore, any difference in purchase figures on GSTR 4A should not cause worry.

User Avatar

Chartered Accountant
4524 Points Posted on 13 July 2020
DoNothing as Form GSTR 4A ia a view only document/ record of all the invoices received from various suppliers in a particular tax period.and the composition dealer cannot take any action in the form GSTR 4A.
Reply
On 13 July 2020 at 13:12
User Avatar

1102 Points Posted on 13 July 2020
Form GSTR-4A is a view only document and the Composition dealer cannot take any action in Form GSTR-4A. It is a view only record of all the invoices received from the various suppliers in a particular tax period.
As composition dealer cannot avail the Tax Credit so do not worry about it.
Reply
On 13 July 2020 at 13:54

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. GST Reconciliation Tool (2A vs Books) - looking fo
  2. TDS ON PF FORM 19 WITHDRAWAL
  3. Can a virtual office in Mumbai be used for company
  4. Eway and e invoicing in condition where 4 party ar
  5. Bank balance in ITR-3
  6. INCLUDING PROFITS FROM REIT / INVIT IN SHARE TRADI
  7. Tempsens Instruments IPO GMP Allotment Listing dat
  8. Upload Type - Correction. Not showing in TDS filli
  9. Partnership tax audit query
  10. ERROR SHOWING PARTNER REMUNERATION ITR 3 TIME OF V

More recent discussions | Post

Related Topics :

Loading