Tax Alerts

The Central Board of Indirect Taxes and Customs has clarified the doubts of composition dealers on filing GSTR-4.

Ambiguities existed in the filing of quarterly return — GSTR-4 — due to the absence of auto-population to fill the details of inward supplies received from registered suppliers (excluding suppliers attracting reverse charge).

It has now been clarified that taxpayers who have opted to pay tax under the composition scheme shall not furnish details of the purchases made from GST-registered vendors in serial number 4A of Table 4 of Form GSTR-4. The related changes in CGST Rules, 2017, are likely to be notified shortly.

The Group of Ministers formed by the GST Council to address the levying of calamity tax has come out with three options to raise additional funds for disaster-affected areas. The levy of tax can be State-specific, or through a supplementary disaster relief fund similar to the National Disaster Relief Fund (NDRF). The third option is strengthening the existing NDRF.

The calamity tax is also expected to be used to address reconstruction after a disaster, unlike the present funds which cater only to the relief and rehabilitation aspects. The GoM is to submit its report in November. The report will say whether the tax will be levied as a cess or as an addition to existing GST. It will also consider whether it should be levied across the country or only in the State that has been hit by a disaster.

The GST Network has introduced RFD-01A form for claiming refund. A taxpayer can file the refund application if he/she has paid excess tax. The form can be filed by normal taxpayers, composition dealers and non-resident taxpayers. While any four documents can be uploaded with the refund application to substantiate the claim, uploading the invoice details is mandatory. A self-declaration of the excess tax paid can be submitted when the refund amount is less than ₹2 lakh. .

In the wake of the recent floods and the disruption caused due to it, the Ministry of Corporate Affairs has relaxed the additional fees payable by companies having registered offices in Kerala, on submission of e-forms AOC-4, AOC-4(CFS), AOC-4(XBRL) and MGT-7, till December 31, 2018. Also, returns filed until December 31, 2018, shall not attract additional fees, where applicable.

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