Download PPT on GST Annual Return

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Overview of GSTR 9

• GSTR 9/9A is an annual return to be filed once in a year by the registered taxpayers under GST including those registered under composition levy scheme.
• It consists of details regarding the supplies made and received during the year under different tax heads i.e. CGST, SGST, and IGST.
• It consolidates the information furnished in the monthly/quarterly returns during the year.

Issues

• GSTR – 3B and GSTR – 1 is not matching with Books – What to do?
• Exempted supply, Nil Rated, and Non-GST supply had not mentioned while filling GSTR – 1 and GSTR – 3B – what to do?
• Blockage of credit u/s 17(5) not entered in 3B?
• ITC availed via GSTR – 3B Reco for FY 2017- 18 with GSTR – 2A?
• GSTR – 3B bifurcation with Input goods / Input Services / Capital Goods?
• Inward supplies from composition dealers, deemed supply from job workers, etc. are required to be reported separately while filling Annual return.
• HSN wise details for inward supplies was not required to be reported in GSTR-3B but the same details have to mentioned in Annual return.
• It appears that any additional liability arising out of error/omission in GSTR-1 and GSTR-3B cannot be paid at the time of filing an annual return.

FAQs

• Is it mandatory to file Form  GSTR-9  – Yes,  it’s mandatory to file  Form GSTR-9 for normal taxpayers who are filing  GSTR-1/3B.
• Do a Registered Person need to file Form GSTR-9  or Form GSTR-  9A  – The period during which the taxpayer remained as composition taxpayer,  Form GSTR-9A is required to be filed.  And, for the period for which the taxpayer is registered as a normal taxpayer,  Form GSTR-9 is required to be filed.
• If registration got canceled in the financial year. Is it required to file  Form GSTR-9 – Yes, the annual return needs to be filed even if the taxpayer has got his registration canceled during the said financial year.
• Form GSTR-9 return is required to be filed at the entity level or GSTIN  level – Form GSTR-9 return is required to be filed at GSTIN  level i.e. for each registration.
• Can RP edit auto-populated data from filed Form  GSTR-1 and GSTR- 3B in Form GSTR-9 – Yes, you can edit auto-populated data from filed Form GSTR-1  and GSTR-3B in Form GSTR-9,  except ITC as per 3B, ITC as per 2A and details of tax paid.
• Will consolidated summary of Form  GSTR-1/3B be made available for the returns filed during the financial year – Consolidated summary of all filed Form GSTR-1/3B  statement for the relevant financial year is available for download in PDF format.
• What happens after COMPUTED LIABILITIES button is clicked – After COMPUTE LIABILITIES button is  clicked, details provided in various tables  are processed on the GST Portal at the back  end and Late fee liabilities, if any, are  Late fee is calculated if there is a delay in filing of annual return beyond the due date
• Is there any option to make payment (if applicable) in Form  GSTR-9? – .Any additional payment can be made using Form GST  DRC-3 functionality only through utilization from Electronic Cash Ledger.
• In Form GSTR-9, an additional liability not reported earlier in Form GSTR-3B be declared – Yes, additional liability not reported earlier at the time of filing Form GSTR-  3B can be declared in Form GSTR-9. The additional liability so declared in Form  GSTR-9 is required to be paid through  Form GST DRC-03.
• Can we claim or report any unclaimed ITC  through Annual  Return? – we cannot claim ITC through  Form GSTR-9.

Related Topic:
GST annual return case studies: Supply part