The due date for furnishing of GSTR-9 and GSTR-9C for the Financial Year 2019-20 has been further extended by CBIC to 31st March 2021. To read the official announcement, click here.
FOR FY 2019-20
Recently financial budget 2021 has proposed to omit the provision section 35(5) and amend section 44 of CGST Act, 2017. After acceptance of the bill by the president of India, a GST Audit is not required. However, CBIC clarified through a retweet on Twitter that 'Section 35 and 44 of CGST Act are proposed to be amended in Finance Bill, 2021. However, these proposals will come into effect from a date to be notified later. For FY 2019-20, the existing provisions shall continue.'
- Form GSTR-9 is an annual return that is required to be filed as per section 44 read with rule 80(1) of CGST rules, 2017. Initially, annual return was required to be filed by every registered person irrespective of the amount of turnover. Thereafter CBIC issued Notification No. 47/2019 and 77/2020- Central Tax gives the benefit of the optional filing of annual return for the registered person whose aggregate turnover in a financial year does not exceed Rs 2 crore, for F.Y. 2017-18, F.Y. 2018-19 and FY 2019-20 as well.
- Form GSTR-9C is a statement of reconciliation between the annual return GSTR-9 filed and the amount as per the audited financial statement of the taxpayer. GSTR-9C is required to file by the taxpayer as per section 35(5) read with rule 80(3) of CGST rules, 2017. Initially annual return was required to be filed by every registered person having turnover exceeding Rs. 2 Cr. Thereafter CBIC issued Notification No. 16/2020- Central tax dated 23rd March 2020 to revise the threshold limit to Rs. 5 Cr. For F.Y. 2018-19 & onwards.
Applicability of GSTR-9 & GSTR-9C for FY 2019-20
|1||Turnover up to Rs. 2 Cr.||Optional||Optional|
|2||Turnover more than Rs. 2 Cr. And up to Rs. 5 Cr.||Mandatory||Optional|
|3||Turnover more than Rs. 5 Cr.||Mandatory||Mandatory|
Table-wise details requirement in form GSTR-9
Forms contain tables that are required to be filled by the taxpayers. As the GST is new for all, there are lots of confusions amongst the taxpayer regarding the collection of data and how to fill the tables. CBIC issued notification 74/2019 and amended the form GSTR-9 and GSTR-9C and made some tables, clause of the form optional. Table-wise details required is as below:
|Table No.||Particulars||FY 2019-20|
|4.||Details of advances, inwards and outward supplies on which tax is payable as declared in returns filed during the FY.
||There is an option to fill these details separately or can be clubbed with Table 4B to 4E.|
|5.||Details of outward supplies on which tax is not payable made during the financial year-
||The consolidated details can be disclosed in the exempted row.|
||There is an option to fill these details separately or can be clubbed with Table 5A to 5F|
|6.||Details of ITC availed as declared in the returns during the financial year.
||For Input and input services there is option to provide breakup or total in inputs only. Capital Goods should be shown separately. There is an option to either report in Table 6C and in Table 6D separately or report the consolidated details of Table 6C and 6D in Table 6D only|
|7.||Details of ITC Reversed and Ineligible ITC as declared in returns filed during the financial year
||Either fill separately or report the entire amount in 7H only|
|8.||Other ITC related information||Mandatory|
|9.||Details of tax paid as declared in returns filed during the financial year||Mandatory|
|10 & 11||Supplies / tax declared/reduced through Amendments (+) (-) (net of credit /debit notes)||Mandatory|
|12 & 13||Reversal of ITC availed during the previous financial year and ITC availed for the previous financial year.||Optional|
|15||Particulars of demand and refund||Optional|
|16||Information on supplies received from composition taxpayers, deemed supply under section 143 and goods sent on approval basis.||Optional|
|17||HSN wise summary of outward Supplies||Optional|
|18||HSN wise summary of inward supplies||Optional|
Table-wise details requirement in form GSTR-9C
|Table No.||Particulars||FY 2019-20|
|5||Reconciliation of Gross Turnover
|7||Reconciliation of Taxable Turnover||Mandatory|
|9||Reconciliation of Tax paid||Mandatory|
|11||Additional amount payable but not paid (due to reasons specified under Tables 6,8 and 10 above)||Mandatory|
|12||Reconciliation of Net Input Tax Credit (ITC)
|14||Reconciliation of ITC declared in Annual Return (GSTR9) with ITC availed on expenses as per audited Annual Financial Statement or books of account||Optional|
|16||Tax payable on the un-reconciled difference in ITC (due to reasons specified in 13 and 15 above)||Mandatory|
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