Gst annual return filing
This query is : Resolved
13 May 2019
Sir,
In GSTR1 of 2017-18 I have filed "nil" rated items as " Exempted". So Can I change the same while filing GSTR9.
And about ITC, I have claimed less than what is in GSTR2A and I don't want to claim the difference. then do I need to do anything with GSTR9 to nullify the difference in GSTR2A
Kind Regards,
Resmi Sujith
In GSTR1 of 2017-18 I have filed "nil" rated items as " Exempted". So Can I change the same while filing GSTR9.
And about ITC, I have claimed less than what is in GSTR2A and I don't want to claim the difference. then do I need to do anything with GSTR9 to nullify the difference in GSTR2A
Kind Regards,
Resmi Sujith
Message likes :
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13 May 2019
Sir, In GSTR1 of 2017-18 I have filed "nil" rated items as " Exempted". So Can I change the same while filing GSTR9. And about ITC, I have claimed less than what is in GSTR2A and I don't want to claim the difference. then do I need to do anything with GSTR9 to nullify the difference in GSTR2A Kind Regards, Resmi Sujith
Read more at: https://www.caclubindia.com/experts/gst-annual-return-filing-2736869.asp
Read more at: https://www.caclubindia.com/experts/gst-annual-return-filing-2736869.asp
12 July 2024
Let's address your questions one by one regarding the GSTR-9 filing for the financial year 2017-18:
### 1. Changing from "Exempted" to "Nil" Rated Items in GSTR-1
If you have mistakenly reported "nil" rated items as "Exempted" in your GSTR-1 for the financial year 2017-18, and you want to correct this while filing GSTR-9, here’s what you should do:
- **GSTR-9 is an annual return** that consolidates the information furnished in the monthly/quarterly returns (GSTR-1, GSTR-3B, etc.) for the entire financial year.
- Any corrections related to classification (such as changing from "Exempted" to "Nil" rated items) should ideally be corrected in the respective GSTR-1 returns for each month/quarter where the error occurred.
- Since you are filing GSTR-9 for the FY 2017-18, **you cannot directly change the classification** from "Exempted" to "Nil" rated in GSTR-9 itself. GSTR-9 reflects the aggregate figures from GSTR-1 of that financial year.
**Action Required:**
- If feasible, revise the GSTR-1 for each period where the error occurred. There might be penalties or interest implications for revision of returns, so check with your tax consultant or GSTN helpdesk for guidance on this.
### 2. Adjusting ITC Differences between GSTR-2A and Claimed ITC
Regarding your Input Tax Credit (ITC) issue:
- If you have claimed less ITC than what is available as per GSTR-2A, and you do not want to claim the remaining amount, you do not need to do anything specific in GSTR-9 to "nullify" the difference.
- GSTR-9 is a reconciliation statement, but it does not involve making adjustments to ITC directly. The ITC reconciliation and adjustments should ideally be corrected in the GSTR-3B returns for the respective periods.
- Ensure that your GSTR-3B filings accurately reflect the ITC claimed. If there are discrepancies between GSTR-2A and your ITC claims, it's important to reconcile and rectify these in subsequent returns (if within the time limit) or through appropriate channels.
**Action Required:**
- Regularly reconcile your ITC as per GSTR-2A with the ITC claimed in GSTR-3B.
- If there are any differences, rectify them in the subsequent returns (if still within the permissible time limit for such adjustments).
In summary, GSTR-9 is a compilation of the information already submitted in your monthly/quarterly returns. To correct classification errors like "Exempted" vs. "Nil" rated items, you should ideally revise the respective GSTR-1 returns for the FY 2017-18. For ITC differences, ensure your GSTR-3B filings are accurate and reconcile with GSTR-2A regularly. If adjustments are needed, they should be made in subsequent returns as per GST rules.
### 1. Changing from "Exempted" to "Nil" Rated Items in GSTR-1
If you have mistakenly reported "nil" rated items as "Exempted" in your GSTR-1 for the financial year 2017-18, and you want to correct this while filing GSTR-9, here’s what you should do:
- **GSTR-9 is an annual return** that consolidates the information furnished in the monthly/quarterly returns (GSTR-1, GSTR-3B, etc.) for the entire financial year.
- Any corrections related to classification (such as changing from "Exempted" to "Nil" rated items) should ideally be corrected in the respective GSTR-1 returns for each month/quarter where the error occurred.
- Since you are filing GSTR-9 for the FY 2017-18, **you cannot directly change the classification** from "Exempted" to "Nil" rated in GSTR-9 itself. GSTR-9 reflects the aggregate figures from GSTR-1 of that financial year.
**Action Required:**
- If feasible, revise the GSTR-1 for each period where the error occurred. There might be penalties or interest implications for revision of returns, so check with your tax consultant or GSTN helpdesk for guidance on this.
### 2. Adjusting ITC Differences between GSTR-2A and Claimed ITC
Regarding your Input Tax Credit (ITC) issue:
- If you have claimed less ITC than what is available as per GSTR-2A, and you do not want to claim the remaining amount, you do not need to do anything specific in GSTR-9 to "nullify" the difference.
- GSTR-9 is a reconciliation statement, but it does not involve making adjustments to ITC directly. The ITC reconciliation and adjustments should ideally be corrected in the GSTR-3B returns for the respective periods.
- Ensure that your GSTR-3B filings accurately reflect the ITC claimed. If there are discrepancies between GSTR-2A and your ITC claims, it's important to reconcile and rectify these in subsequent returns (if within the time limit) or through appropriate channels.
**Action Required:**
- Regularly reconcile your ITC as per GSTR-2A with the ITC claimed in GSTR-3B.
- If there are any differences, rectify them in the subsequent returns (if still within the permissible time limit for such adjustments).
In summary, GSTR-9 is a compilation of the information already submitted in your monthly/quarterly returns. To correct classification errors like "Exempted" vs. "Nil" rated items, you should ideally revise the respective GSTR-1 returns for the FY 2017-18. For ITC differences, ensure your GSTR-3B filings are accurate and reconcile with GSTR-2A regularly. If adjustments are needed, they should be made in subsequent returns as per GST rules.
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