Quarterly return for compounding taxpayers requires reporting of inward/outward supplies, reverse charge liabilities, amendments and tax payments. Form GSTR-04 requires compounding taxpayers to report identification details and a consolidated statement of inward supplies (including from unregistered persons), outward supplies under composition (with turnover, compounding rate and tax amounts), imports of goods and services (with bill of entry or invoice and IGST), supplies attracting reverse charge, credit/debit note adjustments, TDS credits, tax liabilities (including interest and penalties), payments via cash or ledger, refund claims from the cash ledger, amendments for earlier periods, and a mandatory declaratory signature; many fields are auto-populated from counterparty returns.
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Provisions expressly mentioned in the judgment/order text.
Quarterly return for compounding taxpayers requires reporting of inward/outward supplies, reverse charge liabilities, amendments and tax payments.
Form GSTR-04 requires compounding taxpayers to report identification details and a consolidated statement of inward supplies (including from unregistered persons), outward supplies under composition (with turnover, compounding rate and tax amounts), imports of goods and services (with bill of entry or invoice and IGST), supplies attracting reverse charge, credit/debit note adjustments, TDS credits, tax liabilities (including interest and penalties), payments via cash or ledger, refund claims from the cash ledger, amendments for earlier periods, and a mandatory declaratory signature; many fields are auto-populated from counterparty returns.
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