To the relief of composition taxpayers, the Goods and Services Tax Network (GSTN) has provided the facility to provide details of amendment, in FORM GSTR 4.
With this, the composition taxpayers can now file amendment details of advance of reverse charge or advances for which invoice is received in current period in various tables of FORM GSTR 4, such as Table 5A (for supply), Table 5C (for debit/credit notes), Table 7 (for tax on outward supply made) and Table 8 (II).
Under the composition scheme, traders and manufacturers having turnover up to 1.5 crore are allowed to pay taxes at a reduced rate of one per cent.
