What is the Gstr-4A?
Form GSTR-4A is an auto-drafted and view only form for composition taxpayer, created on basis of data from the saved/submitted/filed Form GSTR-1 & 5 of their suppliers, where composition taxpayer is the recipient. The composition taxpayer cannot take any action in Form GSTR-4A and this form is only for view.
Ans: No, you don't have to file Form GSTR-4A. It is a read-only document provided to you so that you have a record of all the invoices received from various suppliers in a given tax period. Q.19-Oct-2020
What is 4A 4B 4C 6B 6C invoices in GST?
B2B Invoices (4A,4B,4C,6B,6C) It means Business to Business Invoice. Details of Sales Made to Registered Parties having GSTIN No. to be filled here. These registered parties may be within state or outside state. Hence ,both local and interstate sales to registered parties are covered here.29-May-2018
Rs. 1.5 crores
What is Gstr 3A?
Form GSTR-3A is a notice issued to the taxpayers who have failed to file return in Form GSTR-3B or any other returns by due date, whereas Form GSTR-3B is the simplified summary return filed by the taxpayers.
GSTR 5A under GST is for Non-Resident Online Information and Database Access or Retrieval (OIDAR) Service Providers. This return is to be filed on the GST portal for the services that are provided from a place out of India to a person residing in India other than a registered person.24-Oct-2020
Is Gstr 4 annual return mandatory?
Yes, it is compulsory to file GSTR-4 (Annual) if: You were a composition taxpayer anytime during a part of the financial year, or. Your GST registration got cancelled anytime during the financial year, or. You voluntarily opted out of the composition scheme during that financial year.12-Jan-2022
If your GSTR 4 is not filed by the due date, you are liable to pay a late fee of Rs. 50 per day post the GSTR 4 due date or Rs. 20 per day in case of a nil return, up to a total of Rs. 5,000.
Is late fee waived for Gstr 4?
The government waived the late fee payable for delay in furnishing from GSTR-4 for the financial year 2021-22 till June 30, 2022.
B2B is associated with its counterpart B2C, or 'business-to-consumer', wherein a business sells directly to the end consumer. B2B, however, involves businesses such as wholesale businesses and manufacturers, or manufacturers and retailers, for example.
What is B2B & B2C in GST?
The terms B2C and B2B are used very frequently these days, these are stand for 'Business to Consumers' and 'Business to Business', these two are totally different kind of transactions because the intention of transaction are altogether different.11-Jun-2022
B2B Invoices B2B means business to business transaction. In B2B transaction, the customer is also a registered person and is eligible to take ITC. For B2B supplies, invoice wise details of both intra-state and inter-state supplies should be uploaded in GSTR-1 Return.24-Apr-2020
Who are eligible for Gstr 4?
GSTR-4 is strictly subjected only to GST Composition Scheme which is a simple and easy scheme under GST. Small taxpayers, under this scheme can get rid of tedious GST formalities and pay GST only at a fixed rate of turnover. This scheme can be opted by any taxpayer whose annual turnover is not more than ₹ 1.5 Crore.22-Oct-2018
No, GSTR4 cannot be revised. The details which have been entered incorrectly can be amended in the next period GSTR-4 return. GSTR4 provides for amendment of the details furnished in previous tax periods.
How do I file a Gstr 4 composition scheme?
Form GSTR-2A is a system generated Statement of Inward Supplies for a recipient. Form GSTR-2A will be generated in below scenarios: When the supplier uploads the B2B transaction details in their Form GSTR-1 / 5. ISD details will be auto-populated on submission of Form GSTR-6 by their Input Service Distributor.
What is Gstr 3B?
What is GSTR-3B? GSTR-3B is a monthly self-declaration to be filed by a registered GST dealer along with GSTR 1 and GSTR 2 return forms. It is a simplified return to declare summary GST liabilities for a tax period. IMPORTANT: You have to file GSTR-3B even when there has been no business activity (nil return).26-Apr-2021
5 – What is ITC in GSTR 3B? The input tax credit is that amount of the tax which you have already paid on input and now will be deducted from the total amount of tax you need to pay on output.22-Aug-2022
What is Gstr 6A?
GSTR-6A is a system generated statement of inward supplies for a receiver taxpayer. GSTR-6A form is available in a read-only format where the taxpayer cannot take any action in GSTR-6A.
21 min read. GSTR-5 is a return form that has to be filed by a non-resident foreign taxpayer who is registered under GST for the period during which they carry out businesses transactions in India. This can either be done online or from a tax facilitation centre.06-Jul-2021
What is Gstr 7A?
What is Form GSTR-7A? Form GSTR-7A is a system generated TDS Certificate which is generated once deductor furnishes a return in Form GSTR-7 on the GST Portal and the deductee accepts the details uploaded by deductor and files his return. This TDS Certificate will be available for both Deductor and Deductee.
What is the Gstr-4A?