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    PPT-on-GST Annual-Return

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    shrutha p jain
    GSTR-9 is the annual return that must be filed by normal registered taxpayers under GST to consolidate supplies and input tax credit for the entire financial year. It comprises details of supplies made and received along with tax paid as declared in the monthly/quarterly GSTR-1 and GSTR-3B returns. While additional liabilities for the year can be reported in GSTR-9, taxpayers cannot claim any unclaimed input tax credit from the year in this return.

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    PPT-on-GST Annual-Return

    Uploaded by

    shrutha p jain
    379 views33 pages
    GSTR-9 is the annual return that must be filed by normal registered taxpayers under GST to consolidate supplies and input tax credit for the entire financial year. It comprises details of supplies made and received along with tax paid as declared in the monthly/quarterly GSTR-1 and GSTR-3B returns. While additional liabilities for the year can be reported in GSTR-9, taxpayers cannot claim any unclaimed input tax credit from the year in this return.

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    GST annual return

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    GSTR-9 is the annual return that must be filed by normal registered taxpayers under GST to consolidate supplies and input tax credit for the entire financial year. It comprises details of supplies made and received along with tax paid as declared in the monthly/quarterly GSTR-1 and GSTR-3B returns. While additional liabilities for the year can be reported in GSTR-9, taxpayers cannot claim any unclaimed input tax credit from the year in this return.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    379 views33 pages

    PPT-on-GST Annual-Return

    Uploaded by

    shrutha p jain
    GSTR-9 is the annual return that must be filed by normal registered taxpayers under GST to consolidate supplies and input tax credit for the entire financial year. It comprises details of supplies made and received along with tax paid as declared in the monthly/quarterly GSTR-1 and GSTR-3B returns. While additional liabilities for the year can be reported in GSTR-9, taxpayers cannot claim any unclaimed input tax credit from the year in this return.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    of 33
    At a glance
    Powered by AI
    The key takeaways are that GSTR-9/GSTR-9A is an annual return that needs to be filed by registered taxpayers under GST. It consolidates supply and tax payment details for the whole financial year from the monthly/quarterly returns filed.

    GSTR-9/GSTR-9A is an annual return that needs to be filed by all registered taxpayers under GST, except casual/ITC distributors/non-resident taxpayers. GSTR-9A is for composition taxpayers while GSTR-9 is for normal taxpayers.

    GSTR-9/GSTR-9A consists of details of supplies made and received during the year under different tax heads like CGST, SGST, IGST. It also includes details of input tax credit availed and reversals made during the year.

    GST

    Annual •GSTR-9
    Return
     GSTR 9/9A is an annual return to be filed once
    in a year by the registered taxpayers under
    GST including those registered under
    composition levy scheme.
     It consists of details regarding the supplies
    made and received during the year under
    different tax heads i.e. CGST, SGST and IGST.
     It consolidates the information furnished in
    the monthly/quarterly returns during the year.
    Casual
    Tax
    Person

    Person
    under
    Persons Input
    section – 51 are notrequi Service
    of CGST redto Distributors
    Act. fileGSTR 9

    Non-
    resident
    Taxable
    Persons
    Part 1

    Part II Part VI

    Annual
    Return

    Part III Part V

    Part IV
    1. FY

    3B.
    2. GSTN Part 1 Trade
    Name

    3A.
    Legal
    Name
    Table 4 - Details of advances,
    inward and outward
    suppliesmadeduring the financial
    year on whichtax is payable

    Part - II

    Table 5 - Details of advances,


    inward and outward
    suppliesmadeduring the
    financial year on whichtax is
    not payable
    Part III
    Table 7 Table 8
    Table 6
    (Details of ITC (Other ITC related
    (Details of ITC information)
    Reversed and
    availed asdeclared in
    Ineligible ITCas Reconciliation between
    returns filed
    declared in returns the credit claimed
    duringforthe inGSTR-3B and GSTR-
    filed duringforthe
    financial year) 2Aavailable on GST
    financial year) portal
    Details of tax paid as declared in returns filed
    during the financial year.(Table no .9)
     Tax payable
     Paid through cash
     Paid through ITC
    Table 10 Table 11
    Table 12
    Supplies / tax declared through Amendments (+) (net Supplies / tax declared through Amendments (+) (net
    Reversal of ITC availed during previous financial year
    of debit notes) of debit notes)

    Table 14 Table 13
    Differential tax paid on account of declaration in 10 ITC availed for the previous financial year
    & 11
    above
    Table 16

    Table 15 Information on supplies Table 17


    received from composition
    Particulars of Demands and HSN Wise Summary of outward
    taxpayers, deemed supply
    Refunds supplies
    under section 143 and goods
    sent on approval basis

    Table 18
    Table 19
    HSN Wise Summary of Inward
    Late fee payable and paid
    supplies
    Part II (Outward Supply & booking of RCM Liability )

    •GSTR – 1 and 3.1(d) of GSTR – 3B for RCM liability Vs Books

    Part III (ITC Availed including transitional ITC )

    •Table 4A of GSTR – 3B , GSTR – 2A , Trans I and Trans II

    Part IV ( Payment of Taxes )

    •GSTR – 3B
    Late fee for non filing Annual Return

    It is Rs 100 under CGST


    &am
    p;amp;amp;amp; 100 under SGST,
    total late fee isRs 200per day
    ofdefault
    Lower will
    be Late fee
    0.5%ofTurnoverintheState/UT
    (0.25%eachforCGST&amp
    ;amp;amp;amp;amp;amp;SGST )
     It is mandatory to file all your FORM GSTR-1 and FORM
    GSTR-3B for the FY2017-18 before filing this return.The
    details for the period between July 2017 to March 2018 are
    to be provided in this return.
     It may be noted that additional liability for the FY2017-18
    not declared in FORM GSTR-1 and FORM GSTR-3B may be
    declared in this return. However, taxpayers cannot claim
    input tax credit unclaimed during FY2017-18 through this
    return.
    Every registered person whose aggregate
    turnover during the financial year exceeds
    two crore rupees.
    ADD-
    Value of all outward supplies
    Taxable Supplies
    Exempt supplies
    Exports
    Inter-state supplies of persons having the same
    PAN be computed on all India basis.
    LESS-
    CGST
    SGST
    UTGST
    IGST
    Compensation Cess
    Value of inward supplies on which tax is
    payable on reverse charge basis.
    Supply should be
     Of goods and services
     For consideration
     In the course of business or
    furtherance of business
     By a taxable person
     A taxable supply
    PART 1. BASIC DETAILS
    (Table 1 -Table 4)

    PART 2. RECONCILIATION OF TURNOVER


    DECLARED IN ANNUAL FINANCIAL
    STATEMENT WITH TURNOVER DECLARED IN
    ANNUAL RETURN
    (Table 5 - Table 8)
    As per section 125 of CGST and SGST Act
    2017, there is a general penalty of Rs
    25,000/-. Since no specific penalty has been
    introduced for late filing of GSTR 9C,
    Documents required to be submitted along
    with the Reconciliation statement in GSTR
    9C are Audited Financial Statements such
    as

    1.Balance Sheet
    2.Profit & Loss account or Income &
    expenditure account
    3.Cash flow statement
    4.Others prescribed
     Is it mandatory to file Form GSTR-9 -Yes, it’s mandatory to file
    Form GSTR-9 for normal taxpayers who are filing GSTR-1/3B.

     Do a Registered Person need to file Form GSTR-9 or Form


    GSTR- 9A -The period during which the taxpayer remained as
    composition taxpayer, Form GSTR-9A is required to be filed. And,
    for period for which the taxpayer is registered as normal taxpayer,
    Form GSTR-9 is required to be filed.

     If registration got cancelled in the financial year. Is it


    required to file Form GSTR-9 -Yes, the annual return needs to be
    filed even if the taxpayer has got his registration cancelled during the said
    financial year.
     Form GSTR-9 return is required to be filed at entity
    level or GSTIN level - Form GSTR-9 return is required to be filed at
    GSTIN level i.e. for each registration.

     Can RP edit auto populated data from filed Form GSTR-1


    and GSTR- 3B in Form GSTR-9 - Yes, you can edit auto-
    populated data from filed Form GSTR-1 and GSTR-3B in
    Form GSTR-9, except ITC as per 3B, ITC as per 2A and
    details of tax paid.
     Will consolidated summary of Form GSTR-1/3B be made
    available for the returns filed during the financial year - Yes.
    Consolidated summary of all filed Form GSTR-1/3B statement for the
    relevant financial year is available for download in PDF format.

     What happens after COMPUTED LIABILITIES button is clicked -


    After COMPUTE LIABILITIES button is clicked, details provided in
    various tables are processed on the GST Portal at the back end and Late fee
    liabilities, if any, are computed. Late fee is calculated, if there is delay in
    filing of annual return beyond due date
     Is there any option to make payment (if applicable) in Form
    GSTR-9? -.Any additional payment can be made using Form GST DRC-3
    functionality only through utilization from Electronic Cash Ledger.

     In Form GSTR-9,can additional liability not reported earlier in


    Form GSTR-3B be declared - Yes, additional liability not reported
    earlier at the time of filing Form GSTR- 3B can be declared in Form
    GSTR-9.The additional liability so declared in Form GSTR-9 are required
    to be paid through Form GST DRC-03.
     Can we claim or report any unclaimed ITC throughAnnual
    Return? - No. wecannot claim ITC through Form GSTR-9.

     Can we revise Form GSTR-9 return after filing - No, we


    cannot revise Form GSTR-9 return after filing.
    STUDY CIRCLE 9
    SICASA MANGALURU

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