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gstr 9

GSTR 9 and its importance

Introduction GSTR 9 is an annual return that has to be filed by all registered taxpayers under the Goods and Services Tax (GST) regime in India. It is a consolidated return that summarizes the details of all GST returns filed by the taxpayer during a financial year. It is an important form for taxpayers to file as it helps the government to keep track of the GST compliance of taxpayers. It also helps taxpayers to maintain accurate records of their GST transactions and ensure that they are ..

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Changes and Compliances in GSTR 9 & 9C - FY 2021-22

Introduction The department has started issuing notices and requesting for information by comparing data disclosed in GSTR 9/9C Vs GSTR 3B. Together with this, considering the various changes in the GST law in the recent past, this article aims to provide clarity on the filing of annual returns (Form GSTR 9) and reconciliation statement (Form GSTR 9C) along with required reconciliations, best practices, advanced issues & solutions and tips as applicable for financial year (FY) 2021-22. ..

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Analysis of GSTR 9 & 9C

Introduction It has been 4.5 years since GST has been implemented. Since then, many changes were seen by way of notifications, circulars & advance rulings. The annual return is one of the major aspects of GST law. The basic understanding of the adjustments, reconciliations that are to be performed while filing an annual return and reconciliation statement (GSTR 9 & GSTR 9C resp.) are covered in this article. We have covered the basics, along with some advanced issues and solu..

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GST Annual Return (GSTR-9 & 9C)

Arjuna (Fictional Character): Krishna, what's the new update on GST Annual return in form GSTR-9 and Form GSTR-9C for FY 2020-21. Krishna (Fictional Character): Arjuna, as per Notification No.30/2021-Central Tax dated 30th July 2021 there are further amendments in the Central Goods and Services Tax Rules,2017. These rules will come into force from the 1st of August 2021. Few important changes have been made to it. Let's discuss. Arjuna (Fictional Character): Krishna, who is require..

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CBIC extends due date for filing GSTR-9 and GSTR-9C for FY 2019-20 to 31st March 2021

Government of India  Ministry of Finance  Department of Revenue  New Delhi, 28th Febraury,2021  It may be noted that the due date for furnishing of the Annual returns (GSTR-9 and GSTR-9C) specified under section 44 of the CGST Act read with rule 80 of the CGST rules for the financial year 2019-20 was earlier extended from 31.12.2020 to 28.02.2021 vide Notification No. 95/2020- Central Tax dated 30.12.2020. In view of the difficulties expressed by the taxpayers in meetin..

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Advisory for GSTR 9 and GSTR 9C by GSTN

Advisory on Reconciliation Statement (GSTR-9C) Reconciliation statement to be filed in Form GSTR-9C requires the tax rate wise declaration of transactions for the concerned financial year. In the said form, tax amount pertaining to tax rates 1%, 1.5% and 7.5% in section III (table 9 and 11) and section V may be made in row/ under label ‘Others’ of the said tables, wherever applicable.   Advisory on Annual Return (GSTR-9) The taxpayers are advised to ensure that value..

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Representation Seeking Extension Of Due Date For Furnishing GSTR 9C For 2019-20

Date: 24th February, 2021 To, Smt. Nirmala Sitharaman Hon’ble Chairperson, GST Council 15, Safdarjung Road New Delhi – 110001 Hon’ble Madam, SUBJECT: REPRESENTATION SEEKING EXTENSION OF DUE DATE FOR FURNISHING GSTR9C FOR 2019-20 The Karnataka State Chartered Accountants Association (R) (in short ‘KSCAA’) is an Association of Chartered Accountants, registered under the Karnataka Societies Registration Act, in the year 1957. KSCAA is primarily formed for..

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Advisory on Annual Return (GSTR-9)

  The taxpayers are advised to ensure that values are reported upto two decimal places in the GSTR-9 offline utility. The error "Error! Invalid Summary payload" after uploading the JSON created from the Offline Utility of GSTR-9 is reported due to reporting values upto three decimal places instead of two decimals. Thanking you, Team GSTN ..

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Request to grant Extension of GSTR 9 and 9C by CGPI

CGPI has filed the request to grant extension for GSTR 9 & 9C – Financial Year 2019/20 from 28.02.2021 to 31.03.2021 considering grass root realities faced by all the stakeholders as, we have been approached by many of the denizens of our country including professionals and our own members frantically imploring us to file representations for seeking extension of time to effect the aforesaid compliance. If extension is granted then it would act as a win-win situation for all. In no w..

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All about GSTR-9 & GSTR-9C for FY 2019-20

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, GST audit need not to file. Recently CBIC clarified through a retweet on tweeter 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 c..

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Clarity On Table Wise Applicability Of GSTR-9 For FY 2019-20

GSTR-9 • Form GSTR-9 is an annual return to be filed once, for each financial year, by the registered taxpayers. The taxpayers are required to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc in this return. • Notification No. 77/2020 - Central Tax dated 15-10-2020 gives benefit of optional filing of annual return for registered persons whose aggregate turnover in a financial year does not exceed Rs 2 crore, for FY 2019-20 as well. Th..

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Filing Of GSTR-9/9C For FY 2019-20

Applicability of Form GSTR-9 For FY 2019-20, those registered persons whose aggregate turnover in a financial year does not exceed Two Crore rupees and who have not furnished the annual return under shall have the option to furnish the annual return. Provided that the said return shall be deemed to be furnished on the due date if it has not been furnished before the due date. (Notification No. 77/2020 Central Tax Rate dated 15/10/2020 read with Notification No. 47/2019 Central Tax Rate ..

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Analysis of ITC utilization in DRC-03 for GSTR 9 & 9C

We are at the fag end of filing the annual return and audit certification (GSTR 9 & 9C) For FY 2018-19 (courtesy of multiple extensions )i.e., on 31st December 2020. Taxpayers have an option to pay additional liability not declared in GSTR-1 or GSTR-3B, in GSTR-9 through Form DRC-03 based on para 4 of GSTR-9 instructions for FY 2017-20. This article enumerates utilization of ITC against GST liability for payment through DRC-03 during GSTR-9 filing which would be beneficial to many taxp..

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GSTR-9 of FY 2019-20 is available now

Facility to file annual return in Form GSTR-9 for FY 2019-20 is now available. The Form is enabled for taxpayers whose table 8A computation has been completed. Computation of the table 8A of the said return for auto population from returns is under progress which is likely to be completed soon. Please ensure that all applicable returns of the said year have been filed before attempting to file the said return. ..

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CBIC announces due dates for filing of Form GSTR-3B for the Tax Periods from October, 2020 till March, 2021

Due dates for filing of Form GSTR-3B for the Tax Periods from October, 2020 till March, 2021 1. Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 – Central Tax, dated 11th Nov., 2020, has added sub rule (6) to Rule 61 of the Central Goods and Services Tax Rules, 2017, to provide for staggered filing of Form GSTR-3B, for the tax periods from October, 2020 till March, 2021. The details are as under: Sl. No Taxpa..

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CBIC extends the due date for filing GSTR-9 & GSTR-9C for FY 2018-19 to 31st Dec 20

On the recommendations of the GST Council, it has been decided to extend the due date for filing Annual Return (FORM GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for Financial Year 2018-19 from 31st October 2020 to 31st December 2020. Read the official announcement below: Government of India  Ministry of Finance  Department of Revenue  Central Board of Indirect Taxes and Customs  New Delhi the 24. October 2020  Extension of due dates for Ann..

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GST - Impact of Clarifications Issued on GSTR-9 & 9C

Ministry of Finance issued a Press Release on 9th Oct, 20 issuing certain clarifications while filing GSTR-9 & 9C for F.Y. 2018-19. Currently, the taxpayers are facing issues in GSTR-9 in reporting transactions pertaining to F.Y. 2017-18 which was reported in GST returns of 2018-19 as there is no specific column for the same. Such values were already reported in GSTR-9 of F.Y. 2017-18 in Tables 10 to Table 14. To address this issue, the Government has clarified as under in respect of r..

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Clarifications made w.r.t GSTR-9 and GSTR-9C for FY 18-19

Vide notification No. 69/2020 – Central Tax, dated 30.09.2020, the due date for furnishing of the Annual Return for the FY 2018-19 has been extended till 31.10.2020. Certain representations have been received stating that the auto populated GSTR 9 for the year 2018-19 (Tables 4, 5, 6 and 7) also includes the data for FY 2017-18. However, this information for FY 2017-18 has already been furnished by the taxpayers in the annual return (GSTR9) filed for FY 2017-18 and there is no mechanism..

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Download Table 8A of GSTR-9 under new GST facility

Document-wise Download Facility of Table-8A of GSTR-9 While filing GSTR-9 of F.Y. 2017-18, one of the issues faced by the taxpayers was non-availability of detailed invoice-wise information of auto-populated information in Table 8A of GSTR-9 in respect of Details of Invoices appearing in GSTR-2A of the taxpayers. The ITC amount appearing in GSTR-2A downloaded as per authorized GSP/ASP or directly from GST Portal was not matching with ITC amount auto-populated in Table 8A of GSTR-9 for rea..

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Excel Download Table 8A | Details of GSTR-9

Now you can download the document details from auto-populated from GSTR-2A in Table 8A of GSTR-9 in excel format. How does it help? You can reconcile the difference in ITC shown in Table 8A and available in GSTR-2A. How to navigate in GST portal? Services > Returns > Annual Returns > Form GSTR-9 (Prepare Online) > Download Table 8A Document Details. Generated excel will be downloaded as a zip file, in case of less documents or else in multiple chunks. Data saved/sub..

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