Financial year 2017-18 was the most troublesome period for GST Registered person in India . Returns were filed in a chaotic manner. Problems are being faced by many of us while filing Annual Return GSTR 9 for the year 2017-18
GSTR 9 - RELEVANT TABLES FOR AMENDMENTS RELATED TO TURNOVER / TAX PAYMENT IN 2017-18
Table 4 & 5 - Aggregate value of supplies made .
Table 9 - Actual Tax Paid .( Auto populated Value from Table 6.1 of GSTR 3B which cannot be changed)
Table 10 & 11 - Details of Amendments in furnished in GSTR 1
Table 14 - Details of differential Tax paid in subsequent FY
An attempt has been made to simplify the process with the help of an example . In this article , focus will be on issues related to turnover only . Suppose supply of Rs 10 Lakh made to registered person on which Tax liability was Rs 1.80 Lakhs (CGST + SGST )
Five possible scenario would have been happened while entering invoices for outward supplies in GSTR 1 and GST payment for the year 2017-18
Scenario 1 - Invoice entered in GSTR1 & Tax paid in 2017-18
Rs 10 Lakh will be auto populated in Table 4B and tax paid there on will be shown in Table 9 of GSTR . No action is required in this scenario
Scenario 2 - Invoice entered in GSTR 1 & Tax paid in 2018-19
Amendments must have taken place thru Table 9A/9B/9C of GSTR 1 of 2018-19 . Details of such amendments shall be entered in TABLE 10/11 of GSTR 9 .
Tax Paid on such supplies ( Rs 1.80 Lakhs in example above ) shall be entered in TABLE 14 of GSTR 9 .
Scenario 3 - Invoice entered in GSTR 1 ( 2017-18 ) & Tax paid in 2018-19 - Simply entered Tax paid in 2018-19 in Table 14 of GSTR 9 . No action is required for invoice for outward supply as it will auto populated in Table 4 of GSTR 9
Scenario 4 - Tax paid in 2017-18 but invoice entered in 2018-19 - Add missing invoice in Table 4 of GSTR 9 . Tax paid will automatically will be reconciled once missing liability entered in Table 4
Scenario 5 - Neither invoice entered not Tax paid till 31st March 2019
Enter invoice details in Table 4 and pay Tax along with interest thru DRC 03.
The author can also be reached at caanitabhadra@gmail.com
CAclubindia
