13 May 2018
one of my client is a chemist drugist retailer and was a normal tax payer for the period july to december 2017. He registerd as composite dealer from 1st jan 2018. he has not yet filed his gstr4. His yearly turnover is around 21lac.
My query is whether details of purchase is required to be given in gstr4 since they dont get ITC. Also, what will be his liability for late fee and whether switching to composite dealer beneficial to him?
13 May 2018
Details of purchases are not required to be provided in GSTR 4, as of now. Late fees will be levied for late filing of GSTR 4 and interest will be levied for late payment of tax.
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