The quarterly return for the quarter ending 31/03/2018 for a composition dealer is to be filed by 18th of April 2018. The professionals as well as the dealers were cought unawares when they came to know about the new offline utility made available on 06/04/2018 on the GSTN Portal.
As per this new offline utility the composition dealer has to provide invoice wise details of inward supplies during IVth Quarter. It is very surprising that the person under regular registration has to file only GSTR-1, meaning thereby that he has to give details of outward supplies only.
The inward supplies/purchases are to be auto populated and the return in GSTR-2 has been deferred till June 2018. We are unable to understand the logic behind the requirement of giving invoice wise details of inward supplies by the composition dealer.
The composition dealers are small tax payers who are maintaining the books of account manually. It is very difficult for such tax payers to provide the invoice wise details of inward supplies.
Moreover the majority of invoices contain multiple items with different rate of taxes as a result of which the number of entries in the 4-A sheet of GSTR-4 will be much more than the number of invoices. Under these circumstances an appeal is being made to the authorities to defer the requirement of giving details of inward supplies. This will go a long way in giving a sigh of relief to the affected persons.
(Author is President, Patiala Tax Bar Association and Vice President, Punjab Tax Bar Association)