Clarifications on filing of Annual Return-Form GSTR-9
PrintListen to this Article
| Sr. No. | Issue addressed | Details |
| 1 | Auto-Population of Form GSTR-9 from GSTR-2A | Terminology:- GSTR-2A:_Details of auto drafted supplies GSTR-9: Annual Return Clarification:- Information contained in GSTR-2A(table 3 & 5) as on 01.05.2019 shall be auto-populated in Table 8A of GSTR-9 which indicates total credit available for inward supplies(other than imports and inwards supplies liable to reverse charge but includes services received from SEZs) received during 2017-18. |
| 2 | ITC on inward supplies in Form GSTR-9 | Terminology:- Table 8C of GSTR-9: Aggregate value of ITC availed on all inward supplies (except those on which tax is payable on reverse charge basis but including supply of services received from Specical Economic Zone). Clarification:- Input tax credit on inward supplies shall be declared from April 2018 to March 2019 in Table 8C of FORM GSTR-9 |
| 3 | Transactions for FY 2017-18 in Pt. V of GSTR-9 | Terminology:- Part V of GSTR-9:-Particulars of transactions for the previous financial year but declared in the returns of April to September of current financial year or date of filing of Annual Return for previous financial year, whichever is earlier. Table 10 of GSTR-1:-Amendments to taxable outward supplies to unregistered persons furnished in returns for earlier tax periods in Table 7. Table 11 of GSTR-1:-Consolidated Statement of Advances Received/Advance adjusted in the current tax period/Amendments of information furnished in earlier tax period. Clarification:- Particulars of the transactions for FY 2017-18 declared in returns between April 2018 to March 2019 shall be declared in Pt. V of FORM GSTR-9. Details of amendments in Table 10 & 11 of GSTR-1 may also be declared in said Pt. V of GSTR-9. |
| 4 | Declaration of supply in Pt.II or Pt.V of GSTR-9 | Clarification:- While declaring a supply in GSTR-9, it should be ensured that in case tax on such supply was paid through GSTR-3B between July, 2017 to March, 2018 then such supply shall be declared in Pt.II and in case the tax was paid through GSTR-3B between April, 2018 to March, 2019 then such supply shall be declared in Pt. V of GSTR-9. |
| 5 | Declaration of additional outward supply/liability | Terminology:- Pt.II of GSTR-9:-Details of all outward supplies & advances received during the financial year for which the annual return is filed. Pt. IV of GSTR-9:-Actual tax paid during the F.Y. DRC-03:-Form for intimation of payment made voluntarily or made against the Show Cause Notice/Statement. Clarification:- The additional outward supply remaining undeclared in GSTR-1 and GSTR-3B is required to be declared in Pt.II of GSTR-9. The computation for the same will be made in Pt.IV of GSTR-9. The difference of tax payable and tax paid through cash shall be paid through DRC-03. |
| 6 | Mismatch in auto-populated data and entries in books of accounts/return | Clarification:- Board has specified that the data needs to be reported by taxpayers as per their books of accounts/returns only. Thus, mismatch in auto population needs to be taken care of by taxpayers only. |
| 7 | Credit of IGST paid at the time of import of goods but availed in return of April, 2018-March, 2019 | Terminology:- Table-8 of GSTR-9:-Other IC related information Table 6(E) of GSTR-9:-Details of input tax credit availed on import of goods including supply of goods received from Special Economic Zones. Clarification:- Since Table 8 of GSTR-9 had no row to fill in credit of IGST paid of import of goods but availed in return of April 2018 to March 2019, Board has advised taxpayers to fill entire credit availed on import of goods from July, 2017 to March, 2019 in Table 6(E) of GSTR-9. |
| 8 | Payments made through DRC-03 for supplies during July 2017 to March 2018 | Clarification:- Payments for any supplies for the period July, 2017 to March, 2018 made through DRC-03 will not be accounted for in GSTR-9 but the same shall be reported in GSTR-9C. |
Category : GST | Comments : 0 | Hits : 1073
The Goods and Services Tax (GST) Department has recently sent out an advisory to specific GST taxpayers about the first chance given to correct errors in their previously filed GSTR-3B forms. This facility was provided due to discrepancies found between the data stored in the GST system and the data that was actually submitted regarding ITC claims, tax payments, etc. This advisory was sent via registered emails to those taxpayers who are directly affected, and these taxpayers can also see the d...
The Hon’ble Orrisa High Court in the case of Akshya Kumar Sahu v. Commissioner, Central Goods and Service Tax & Central Excise [Writ Petition (Civil) No. 4644 of 2024 dated February 29, 2024] disposed of the writ petition where Mr. Akshya Kumar Sahu (“the Petitioner”) sought to file an application for revocation of cancellation of registration, but could not file Form GSTR-3B due to suspension of GSTIN. Hence, aggrieved by the circumstances, the...
As per Sec 44 read with rule 80 :- Every registered person whose aggregate turnover exceeds Rs 2 crore is required to file: - Annual Return GSTR 9 - Reconciliation Statement GSTR 9C (if turnover exceeds Rs 5 crore) - Audited financial Statement before 31st Dec 2023 Consequencies for not filing GSTR 9 - late fees Rs 100/ day (Max 0.02% of turnover) Notes: - In case of Multiple GSTIN ( if any GSTIN has nil turnover than als...
This is to inform taxpayers about recent developments concerning the application process for GST registration. It is advised to keep the following key points in mind during the registration process. 1. Rule 8 of the CGST Rules, 2017 has been amended to provide that an applicant can be identified on the common portal, based on data analysis and risk parameters for Biometric-based Aadhaar Authentication and taking photograph of the applicant along with the verification of the origin...
Topic covers: 1.What is Debit Note and Credit Note? 2.Debit Note and Credit Note in GST Definition Reason to issue Debit note and Credit Note Time limit to issue 3.Reflection in GST return 4.Format of Debit note and credit note 5.Difference between debit note and credit note 6.FAQs After issuance of the original invoice, there could be changes like change in value, change in tax amount or rate, or any other similar change. It happens in the normal course of business, in this instan...
Comments