ICICI

Recent changes for GSTR 9 & 9C dated Nov14, 2019

CA Ruchi Khandelwal 
on 18 November 2019


The CBIC, vide Notification No. 56/2019 - Central Tax dated November 14, 2019, has made certain amendments to simplify the Form GST GSTR 9 & GSTR 9C to ensure easier return filing by taxpayers. The gist of the aforesaid notification has been discussed hereunder:

 

Major Changes in Form GSTR 9 i.e. Annual Return:-

 

Table

Particulars

Amendment

4I

Credit Notes issued in respect of transactions specified in 4(B) to 4(E) above (-)

Optional as for FY 2017-18 & 2018-19, the registered person shall have an option to fill Table 4B to Table 4E net of credit notes in case there is any difficulty in reporting such details separately in this table.

4J

Debit Not/es issued in respect of transactions specified in 4(B) to 4(E) above (+)

Optional as for F.Y 2017-18 & 2018-19, the registered person shall have an option to fill Table 4B to Table 4E net of debit notes in case there is any difficulty in reporting such details separately in this Table.

4K & 4L

4K: Supplies/tax declared through Amendments (+)

4L: Supplies/tax reduced through Amendments (-)

Optional as for F.Y 2017-18 & 2018-19 , the registered person shall have an option to fill Table 4B to Table 4E net of amendments in case there is any difficulty in reporting such details separately in this table

5D, 5E, and 5F

Exempted, Nil Rated and Non-GST supply (includes no supply)

For F.Y 2017-18 and 2018-19, the registered person shall 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.

5H

Credit Notes issued in respect of transactions specified in 5A to 5F above (-)

Optional for F.Y 2017-18 & 2018-19 , as the registered person shall have an option to fill Table 5A to Table 5F net of credit notes in case there is any difficulty in reporting such details separately in this Table.

5I

Debit Notes issued in respect of transactions specified in 5A to 5F above (+)

Optional for F.Y 2017-18 & 2018-19, as the registered person shall have an option to fill Table 5A to Table 5F net of debit notes in case there is any difficulty in reporting such details separately in this Table.

5J & 5K

5J: Supplies declared through Amendments (+)

5K: Supplies reduced through Amendments (-)

Optional for F.Y 2017-18 & 2018-19, as the registered person shall have an option to fill Table 5A to Table 5F net of amendments in case there is any difficulty in reporting such details separately in this Table.

6B

Inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs)

For F.Y 2017-18 and 2018-19, the registered person shall have an option to either report the breakup of the input tax credit as inputs, capital goods, and input services or report the entire input tax credit under the "inputs" row only.

6C & 6D

6C: Inward supplies received from unregistered persons liable to reverse charge (other than B above) on which tax is paid & ITC availed.

6D: Inward supplies received from registered persons liable to reverse charge (other than B above) on which tax is paid and ITC availed

For F.Y 2017-18 and 2018-19, the registered person shall have an option to either report the breakup of the input tax credit as inputs, capital goods, and input services or report the entire input tax credit under the "inputs" row only.

For FY 2017-18 and 2018-19, the registered person shall 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)

For F.Y 2017-18 and 2018-19, the registered person shall have an option to either report the breakup of the input tax credit as inputs and capital goods or report the entire input tax credit under the "inputs" row only.

7A to 7H

Details of ITC Reversed and Ineligible ITC for the financial year -

• 7A: As per Rule 37;
• 7B: As per Rule 39;
• 7C: As per Rule 42;
• 7D: As per Rule 43;
• 7E: As per Rule 17(5);
• 7F: Reversal of TRAN-1credit;
• 7G: Reversal of TRAN-2credit;
• 7H: Other reversals

For F.Y 2017-18 and 2018-19, the registered person shall 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.

However, reversals on account of TRAN-1 credit (Table 7F) and TRAN-2 (Table 7G) are to be mandatorily reported.

8A

ITC as per GSTR-2A (Table 3 & 5 thereof)

For F.Y 2018-19, It may be noted that the FORM GSTR-2A generated as on November 01, 2019 shall be auto-populated in this table.

For F.Y 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)

8B

ITC as per sum total of 6(B) and 6(H) above

For F.Y 2017-18 & 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).

8C

ITC on inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs) received during 2017-18 but availed during April [2018 to March 2019]

For F.Y 2018-19, Aggregate value of input tax credit availed on all inward supplies (except those on which tax is payable on reverse charge basis but includes supply of services received from SEZs) received during April 2018 to March 2019 but credit on which was availed between April 2019 to September 2019 shall be declared here.

For F.Y 2017-18 and 2018-19, the registered person shall have an option to upload the details for the entries in Table 8A to Table 8D duly signed, in PDF format in FORM GSTR-9C (without the CA certification).

8D

Difference [A-(B+C)]

For F.Y 2017-18 and 2018-19, the registered person shall have an option to upload the details for the entries in Table 8A to Table 8D duly signed, in PDF format in FORM GSTR-9C (without the CA certification).

10 & 11

10: Supplies/tax declared through Amendments (+) (net of debit notes)

11: Supplies/tax reduced through Amendments (-) (net of credit notes)

Insertion in the instructions that For F.Y 2018-19, Details of additions or amendments to any of the supplies already declared in the returns of the previous financial year but such amendments were furnished in Table 9A, Table 9B and Table 9C of FORM GSTR-1 of April 2019 to September 2019 shall be declared here.

12

Reversal of ITC availed during the previous financial year

For F.Y 2018-19, Aggregate value of reversal of ITC which was availed in the previous financial year but reversed in returns filed for the months of April 2019 to September 2019 shall be declared here. Table 4(B) of FORM GSTR-3B may be used for filling up these details.

For FY 2017-18 and 2018-19, the registered person shall have an option to not fill this table

13

ITC availed for the previous financial year

For FY 2018-19, Details of ITC for goods or services received in the previous financial year but ITC for the same was availed in returns filed for the months of April 2019 to September 2019 shall be declared here.

Table 4(A) of FORM GSTR-3B may be used for filling up these details. However, any ITC which was reversed in the FY 2018-19 as per the second proviso to subsection (2) of section 16 but was reclaimed in F.Y 2019-20, the details of such ITC reclaimed shall be furnished in the annual return for FY 2019-20.

For F.Y 2017-18 and 2018-19, the registered person shall have an option to not fill this table

15A to 15D

• 15A: Total Refund claimed

• 15B: Total Refund sanctioned

• 15C: Total Refund Rejected

• 15D: Total Refund Pending

Optional as for F.Y 2017-18 & 2018-19, the registered person shall have an option to not fill this Table.

15E to 15G

• 15E: Total demand for taxes

• 15F: Total taxes paid in respect of 15E above

• 15G: Total demands pending out of 15E above

Optional as for F.Y 2017-18 and 2018-19 , the registered person shall have an option to not fill this Table.

16A

Supplies received from Composition taxpayers

Optional as for F.Y 2017-18 and 2018-19 , the registered person shall have an option to not fill this Table.

16B & 16C

• 16B: Deemed supply under Section 143

• 16C: Goods sent on approval basis but not returned

Optional as for F.Y 2017- 18 and 2018-19 , the registered person shall have an option to not fill this table.

17 & 18

17: HSN Wise Summary of outward supplies

18: HSN Wise Summary of Inward supplies

Optional as for F.Y 2017-18 and 2018- 19 , the registered person shall have an option to not fill this table.

Major Changes in Form GSTR 9C i.e. Reconciliation statement :-

Table

Particulars

Amendment

5B & 5C

5B: Unbilled revenue at the beginning of the Financial Year

5C: Unadjusted advances at the end of the Financial Year

Optional for the registered person for the F.Y 17-18 & 18-19 and 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" .

5D

Deemed Supply under Schedule I

Optional for the registered person for the F.Y 17-18 & 18-19 and If there are any adjustments required to be reported then the same may be reported in Table 5O.

5E & 5F

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

Optional for the registered person for the F.Y 17-18 & 18-19 and If there are any adjustments required to be reported then the same may be reported in Table 5O.

5G

Turnover from April 2017 to June 2017

Optional for the registered person for the F.Y 17-18 and If there are any adjustments required to be reported then the same may be reported in Table 5O.

5H, 5I, 5J, 5K, 5L, 5M, 5N

• 5H: Unbilled revenue at the end of the 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 a turnover under section 15 and rules thereunder;

• 5N: Adjustments in turnover due to foreign exchange fluctuations

Optional for the registered person for the F.Y17-18 & 18-19 and If there are any adjustments required to be reported then the same may be reported in Table 5O.

12B

ITC booked in earlier Financial Years claimed in current Financial Year

Made Optional for the registered person for the F.Y 17-18 & 18-19.

12C

ITC booked in current Financial Year to be claimed in subsequent Financial Years

Made Optional for the registered person for the F.Y 17-18 & 18-19.

14

Reconciliation of ITC declared in Annual Return (GSTR9) with ITC availed on expenses as per audited Annual Financial Statement or books of account

Made Optional for the registered person for the F.Y 17-18 & 18-19.

Part-B

Certification

Cash flow Statements to be reported only if available.

"True & Fair" substituted for "True & Correct"

5B & 5C

5B: Unbilled revenue at the beginning of the Financial Year

• 5C: Unadjusted advances at the end of the Financial Year

Optional for the registered person for the F.Y 17-18 & 18-19 and If there are any adjustments required to be reported then the same may be reported in Table 5O.

5D

Deemed Supply under Schedule I

Optional for the registered person for the F.Y 17-18 & 18-19 and If there are any adjustments required to be reported then the same may be reported in Table 5O.

5E & 5F

• 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

Optional for the registered person for the F.Y 17-18 & 18-19 and If there are any adjustments required to be reported then the same may be reported in Table 5O.

5G

Turnover from April 2017 to June 2017

Optional for the registered person for the F.Y 17-18 and If there are any adjustments required to be reported then the same may be reported in Table 5O.

5H, 5I, 5J, 5K, 5L, 5M, 5N

• 5H: Unbilled revenue at the end of the 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 a turnover under section 15 and rules thereunder;

• 5N: Adjustments in turnover due to foreign exchange fluctuations

Optional for the registered person for the F.Y 17-18 & 18-19 and If there are any adjustments required to be reported then the same may be reported in Table 5O.

12B

ITC booked in earlier Financial Years claimed in current Financial Year

Made Optional for the registered person for the F.Y 17-18 & 18-19.

12C

ITC booked in current Financial Year to be claimed in subsequent Financial Years

Made Optional for the registered person for the F.Y 17-18 & 18-19.

14

Reconciliation of ITC declared in Annual Return (GSTR9) with ITC availed on expenses as per audited Annual Financial Statement or books of account

Made Optional for the registered person for the F.Y 17-18 & 18-19.

Part-B

Certification

• Cash flow Statements to be reported only if available.

• "True & Fair" substituted for "True & Correct"

12B

ITC booked in earlier Financial Years claimed in current Financial Year

Made Optional for the registered person for the F.Y 17-18 & 18-19.

12C

ITC booked in current Financial Year to be claimed in subsequent Financial Years

Made Optional for the registered person for the F.Y 17-18 & 18-19.

14

Reconciliation of ITC declared in Annual Return (GSTR9) with ITC availed on expenses as per audited Annual Financial Statement or books of account

Made Optional for the registered person for the F.Y 17-18 & 18-19.

Part-B

Certification

• Cash flow Statements to be reported only if available.

• "True & Fair" substituted for "True & Correct"

 

Recommended Read




Popular Articles



CCI Articles

submit article

Stay updated with latest Articles!






close
GST Live Class