GSTR-9

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Tally Solutions | Nov-26-2019

What is GSTR - 9?

Form GSTR-9 is an annual return to be filed by the businesses registered under GST. In Form GSTR-9, you need to declare the consolidated details of outward supplies, inward supplies, GST payable and ITC claimed for the previous financial year. For the previous financial year 2017-2018 and F.Y. 2018-2019, you need to furnish the consolidated details of supplies made or received from July 2017 to March 2018 and 2018-2019.

The annual GST Return filling consists of different returns forms. Basis of the GST registration type and annual turnover, the businesses need to file the applicable annual GST return form.

  • GSTR-9: should be filed by the regular taxpayers who are filing GSTR-1 and GSTR-3B

  • GSTR-9A: should be filed by the persons registered under composition scheme under GST

  • GSTR-9C: should be filed by the taxpayers whose annual turnover exceeds INR 2 crores during the financial year. All such taxpayers are also required to get their accounts audited and file a copy of audited annual accounts, reconciliation statement of tax already paid and details of tax payable as per audited accounts, along with this return

Who is required to file GSTR-9?

All registered taxable persons under GST must file GSTR-9. However, the following persons are not required to file GSTR-9:

  • Taxpayers opting Composition Scheme
  • Casual Taxable Person
  • Input service distributors
  • Non-resident taxable persons
  • Persons paying TDS

Important Note: For businesses Whose aggregate turnover in a financial year does not exceed 2 crore rupees, filing of GSTR-9 is made optional. This means those who have not furnished the annual return so far and if they choose not to file, it will be deemed to be furnished on the due date.

Due date for filing GST Annual Return FORM GSTR-9 and GSTR-9C

In order to remove the difficulties and ensure compliance adheres, the due date to file GST Annual return in form GSTR-9 is extended. The new revised and extended due date to file annual returns in GSTR-9 is below:

Financial Year 2017-2018

GST Annual Return Due Data for F.Y 2017-2018

GSTR 9

31st December 2019

GSTR 9C

31st December 2019

Financial Year 2018-2019

GST Annual Return Due Data for F.Y 2018-2019

GSTR 9

31st March 2020

GSTR 9C

31st March 2020

 

What if GSTR-9 filing is done late?

If the GSTR-9 return is not filed on time, then a penalty of INR 100 per day under CGST & INR 100 per day under SGST shall be levied i.e. a total of INR 200 per day. However, the maximum of such a penalty will be an amount calculated at a quarter percent of the total taxpayer turnover in the respective State or Union Territory.

How to revise GSTR-9?

Form GSTR-9 once filed cannot be revised. It’s recommended to carefully check the values auto-populated in the annual returns, match with books of accounts and accordingly make suitable corrections before filing Annual GST Return in form GSTR-9.

Simplified and Revised Annual Return GSTR-1

With the recent changes in form GSTR- Format, the Government simplified annual return forms by making various fields of these forms is optional. In most of the fields where the taxpayers were required to split the information such as ITC on inputs, capital goods, services are made optional.

With the simplified annual return GSTR-9, the taxpayers no longer mandated to provide a split of input tax credit availed on inputs, input services and capital goods and to not to provide HSN level information of outputs or inputs etc.

The following is the comparison of details of old and the revised GSTR-1 format.

Old GSTR-1 Format

New GSTR-1 Format

GSTR 9 seeks break-up of:

Debit notes\credit notes\Amendments  

  • Exempted, Nil rated, Non-GST supply

  • Input tax credit as inputs, capital goods and input services

  • Inward supplies received from unregistered and Inward supplies received from registered persons

  • Information on reversals

  • Inwards or outwards of HSN summary Rate-wise

  • Details non-GST refund claims & Demands
  • Supplies from composition dealer, Deemed supply sec 143, Goods sent on approval basis

Now with new simplified GSTR-1 format :

  • All the break-ups mentioned in the old format have been made optional.

  • The taxpayer has a choice to give break-up.

  • if there are difficulties in providing the break-up, they may choose to give consolidated value

GSTR-9 Format

The GSTR-9 format consists of 6 parts in which the details of supplies made or received during the period of July’17 to March’18 need to be captured. The details required in all 6 parts of GSTR-9 format is only at the consolidated level.

The following are the 6 parts of GSTR 9 format as notified by the CBIC.

Part-1 of GSTR 9 Format

Basic Details of Taxpayer

Part-2 of GSTR 9 Format

Details of outward and inward supplies declared during the financial year  

Part-3 of GSTR 9 Format

Details of ITC as declared in returns filed during the financial year

Part-4 of GSTR 9 Format

Details of tax paid as declared in returns filed during the financial year  

Part-5 of GSTR 9 Format

Particulars of the transactions for the previous FY declared in returns of April to September of current FY or up to the date of filing of annual return of previous FY whichever is earlier

Part-6 of GSTR 9 Format

Other Information such as demands and refunds, HSN Summary, Late Fee supplies received from composition taxpayers, deemed supplies etc.

Part-1 of GSTR 9 Format

In Part -1 of annual return, you need to capture the basic registration details of the taxpayer. The details such as fiscal year, GSTIN, legal name and Trade name (if any) need to be captured. These details will be auto-captured once the annual return form GSTR 9 is made available in the GST portal.

Part-2 of GSTR 9 Format

In Part-2 of the annual return form, you need to capture the consolidated details of outward supplies as declared in the returns filed during the financial year. The Part-2 is further split into the following two sections

  • Supplies on which tax is payable (4A to 4L): All taxable supplies (both B2B and B2C), exports on payment of tax, supplies to SEZ on payment of tax, inward supplies attracting reverse charge and advance received (but invoice are yet to be issued) need to be captured.

Note: With the revised and simplified GSTR-9, the registered person shall have an option to fill Table 4B to Table 4E net of credit notes/amendments in case there is any difficulty in reporting such details separately in this table.

  • Supplies on which tax is not payable (5Ato 5K): This includes exports and SEZ supplies without payment of tax, outward supplies on which tax is to be paid on a reverse charge, exempt supplies, nil rated supplies and non-GST supplies.

Note: With the simplified annual returns, 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

 Also, have an option to fill Table 5A to Table 5F net of debit notes/amendments in case there is any difficulty in reporting such details separately in this table

You need to capture the consolidated details of Debit note, Credit notes and amendments related to supplies separately only if you choose not to report the net details.

Part-3 of GSTR 9 Format

The part -3 of annual return consist of all input tax credit availed and reversed in the financial year for which the annual return is filed. This part is further split into the following 3 sections:

  • ITC availed as declared in the returns filed(6A to 6o): In this section, ITC availed through Form GSTR-3B will be auto-captured and you are required furnish the ITC availed on different nature of Inward supplies such as B2B, B2C, Imports etc. with a break-up of Inputs, Input services and capital goods. Ideally, there should not be any difference between the ITC claimed in GSTR-3B and the details declared in this section. This section will also include the transition credit availed through Tran-1 and Tran-2.

  • ITC reversed and ineligible ITC (7A to 7H): Here, you need to furnish the details of ITC reversed owing to various reasons such as used in making exempt supplies, non-business use etc. Also, the ineligible ITC as declared in the Form GSTR-3B.

  • Other ITC related Information (8A to 8J): In this section, the ITC as perform GSTR-2A will be auto-populated and you have to give the details of ITC availed on B2B inward supplies, ITC reclaimed and ITC availed after March’18 for inward supplies received from July –March’18. You also need to declare the details of ITC available but not availed, ITC available but not ineligible, IGST credit on import of goods etc.

Note:  1. With new GSTR-9 format, you 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.

Also, the option to either report Table 6C and Table 6D separately or report the consolidated details of Table 6C and 6D in Table 6D only. For table 7A to & E, you can Either fill this information on reversals separately in Table 7A to 7E or report the entire amount of reversal under Table 7H only.

Part-4 of GSTR 9 Format

In the part of 4 of annual return, the actual tax paid as declared in the returns filed during the previous financial year needs to be captured. Tax-wise break-up of tax payable, tax paid in cash and paid through ITC should be furnished.

Part-5 of GSTR 9 Format

In part 5 of GSTR 9, you need to declare the details of transactions related to previous financial year but declared in the returns of April to September of current FY (2018-2019) or date of filing of annual return for the previous financial year, whichever is earlier.

For example in the annual return for the FY 2017-18, the transactions related to July –March’18 are declared in the returns filed in April to September 2018. Let’s say, ITC is availed on an invoice dated 15th February 2018 in GSTR-3B return of August 2018 filed on 20th September 2018. The consolidated details such supplies need to be declared in this section.

Part-6 of GSTR 9 Format

In the part of 6 of GST 9, you need to capture the following details

  • Details of demands and refunds. This includes Total refund claimed, refund sanctioned, refund rejected, refund pending, the total demand of taxes, demands pending etc.

  • Supplies received from composition dealer, goods sent on approval and deemed supplies.

  • HSN-wise summary of outward and inward supplies

  • Late fee payable and paid.

How to file GSTR-9

Once the GST Annual Return Form GSTR 9 is prepared, the next step is to file GSTR-9 in the GST Portal. The following are the steps to file GSTR-9

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