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Update:

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.'

GSTR-9

  • 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.
All about GSTR-9 and GSTR-9C for FY 2019-20

GSTR-9C

  • 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

Table No Particulars GSTR-9 GSTR-9C
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.
  • Table 4A, B, C, D, E, F
Mandatory
  • Table I, J, K, L
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-
  • Table 5 A, B, C
Mandatory
  • Table 5 D, E, F
The consolidated details can be disclosed in the exempted row.
  • Table 5 H, I, J, K
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.
  • 6A, Others
Mandatory
  • 6B, 6C, 6D, 6E
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
  • 7A, 7B, 7C, 7D, 7E
Either fill separately or report the entire amount in 7H only
  • 7F, 7G, 7H
Mandatory
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
  • 5A is mandatory
  • Net 5B to 5N can show in 5O
Mandatory
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)
  • 12A
Mandatory
  • 12B, 12C
Optional
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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