The composition scheme under the GST regime is a method of levy of tax
designed for small taxpayers whose turnover is up to Rs.75 lakhs (Rs.50 lakhs
in case of States like Sikkim, other North Eastern States and hilly areas). It
is an optional scheme and not all taxpayers are eligible to opt for this. The
basic eligibility criteria to opt for Composition scheme is to small taxpayers
whose aggregate turnover in the preceding financial year did not cross Rs.75
lakhs/50 lakhs.
Form and Manner of Submission of Quarterly Return by Composition Supplier
Form and Manner of Submission of Quarterly Return by Composition Supplier
Chapter VIII of Central Goods & Services Tax
Rules, 2017 deals with Returns under the CGST Act, 2017 and Rule 62 provides
for form and manner of submission of quarterly return by the composition
supplier.
Return
|
Time
|
Details to be furnished
|
Form GSTR-4A
|
Quarterly
|
Auto-populated details of inward supplies made
available to the recipient registered under composition scheme on the basis
of FORM GSTR-1 furnished by the supplier.
|
Form GSTR-4
|
Quarterly
(To be submitted on 18th of succeeding
month)
|
All outward supplies of goods and services
including auto-populated details from Form GSTR-4A and tax payable details.
Details of any additions, modifications, or deletions in Form GSTR-4A should
also be submitted in Form GSTR-4.
|
The composition scheme can be provide at GST basis, The rules of 59,60 and 61 is required for find the person who is liable for furnish. click here
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