CA Pratibha Goyal | Nov 17, 2019 |
Simplification of GST Annual Return Forms GSTR-9 & GSTR-9C
The taxpayers were facing difficulties in filing GST Annual Return Forms GSTR-9 & GSTR-9C. Now, the Government has extended the due dates of filing annual return in Form GSTR-9 & reconciliation statement in Form GSTR-9C for F.Y. 2017-18 to December 31, 2019 and for F.Y. 2018-19 to March 31, 2020.
Moreover, certain amendments have been made in the Forms via Notification no. 56/2019 – Central Tax dated 14.11.2019
Part A: Changes related to Form GSTR-9
| Table | Particulars | Remarks |
| 4B, to 4E | Details of advances, inward and outward supplies made during the financial year on which tax is payable | This table can be filled net of credit notes, in case there is some difficulty separating details |
| 4I, 4J, 4K, 4L | CN, DN, amendments | These can be netted off in Table 4B to 4E |
| 5D, 5E, 5F | Exempted, Nil rated, Non-GST | Taxpayers have an option to either separately report his supplies as exempted, nil rated and Non-GST supply or report consolidated information for all these three heads in the “exempted” row only |
| 5A, to 5F | Details of Outward supplies made during the financial year on which tax is not payable | This table can be filled net of credit notes, in case there is some difficulty seperating details |
| 5H, 5I, 5J, 5K | CN, DN, amendments | These can be netted off in Table 5A to 5F |
| 6B | Inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs) | Taxpayers have an option to either report the breakup of input tax credit as inputs, capital goods and input services or report the entire input tax credit under the “inputs” row only |
| 6C & 6D | Inward supplies received from unregistered / registered persons liable to reverse charge | (1) Taxpayers have an option to either report the breakup of input tax credit as inputs, capital goods and input services or report the entire input tax credit under the “inputs” row only (2) Taxpayers have an option to either report Table 6C and Table 6D separately or report the consolidated details of Table 6C and 6D in Table 6D only |
| 6E | Import of goods (including supplies from SEZs) | Taxpayers have an option to either report the breakup of input tax credit as inputs and capital goods or report the entire input tax credit under the “inputs” row only. |
| 7A to 7E | Details of ITC reversed | Taxpayers have an option to either fill his information on reversals separately in Table 7A to 7E or report the entire amount of reversal under Table 7H only |
| 8A to 8D | ITC as per GSTR-2A & comparison | For FY 2017-18 and 2018-19, the registered person shall have an option to upload the details for the entries in Table 8A to 8D duly signed, in PDF format in FORM GSTR-9C (without the CA certification) |
| 12 | Reversal of ITC availed during previous financial year | Optional |
| 13 | ITC availed for the previous financial year | Optional |
| 15A, 15B, 15C, 15D, 15E, 15F, 15G | Particulars of Refunds & demands | Optional |
| 16A, 16B & 16C | Information on supplies received from composition taxpayers, deemed supply under section 143 and goods sent on approval basis | Optional |
| 17, 18 | HSN summary for outward supplies and inward supplies | Optional |
Note:
1. For FY 2018-19, GSTR-2A will be auto-populated as on 01.11.2019
2. Relevant fields / columns for FY 2018-19 have been inserted in GSTR-9
Part B: Changes related to Form GSTR-9C
1. Now, it is not mandatory to attach cash flow statement along with reconciliation statement. It is optional and would be attached if available.
2. The auditor is now required to give true and fair opinion while conducting GST audit instead of true and correct opinion.
| Table | Particulars | Remarks |
| 5B | Unbilled revenue at the beginning of Financial Year | While preparing Reconciliation of Gross Turnover in Table 5, it would be optional to not fill unbilled revenue, unadjusted advances and other few entries. If there are any adjustments required to be reported then the same may be reported in ‘Table 5O – Adjustments in turnover due to reasons not listed above |
| 5C | Unadjusted advances at the end of the Financial Year | |
| 5D | Deemed Supply under Schedule I (+) | |
| 5E | Credit Notes issued after the end of the financial year but reflected in the annual return | |
| 5F | Trade Discounts accounted for in the audited Annual Financial Statement but are not permissible under GST | |
| 5G | Turnover from April 2017 to June 2017 | |
| 5H | Unbilled revenue at the end of Financial Year | |
| 5I | Unadjusted Advances at the beginning of the Financial Year | |
| 5J | Credit notes accounted for in the audited Annual Financial Statement but are not permissible under GST | |
| 5K | Adjustments on account of supply of goods by SEZ units to DTA Units | |
| 5L | Turnover for the period under composition scheme | |
| 5M | Adjustments in turnover under section 15 and rules thereunder | |
| 5N | Adjustments in turnover due to foreign exchange fluctuations | |
| 12B | ITC booked in earlier Financial Years claimed in current Financial Year | Optional |
| 12C | ITC booked in current Financial Year to be claimed in subsequent Financial years | Optional |
| 14 | Reconciliation of ITC declared in Annual Return (GSTR-9) with ITC availed on expenses as per audited Annual Financial Statement or books of accounts | There will be an option to not fill ‘Table 14-Reconciliation of ITC declared in Annual Return (GSTR-9) with ITC availed on expenses as per audited Annual Financial Statement or books of account’. |
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Tags : Simplification of GST Annual Return Forms GSTR-9 & GSTR-9C, Changes related to Forms GSTR-9 & GSTR-9C, GSTR-9 & GSTR -9C more simplified
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