OBJECTIVE Goods and Services Tax (GST) is the Indirect Tax levied in India introduced in July 2017 which was one of the most important reforms in the Indian Economy. There are various periodic compliance requirements and filings under GST. In this webinar, we shall analyse and understand the annual returns under GST.

1. Annual Returns under
GST
CA Jugal Narendra Gala

2. Credits and Acknowledgments
Harish Kumar R
Thirumal V

3. Legends Used in the Presentation
3
B2B Business-to-Business
B2C Business-to-Consumer
CGST Central Goods and Service Tax
CTP Casual Taxable Person
GST Goods and Service Tax
HSN Harmonised Scheme Nomenclature
ISD Input Service Distributor
ITC Input Tax Credit
SEZ Special Economic Zone
SGST State Goods and Service Tax
UTGST Union Territory Goods and Service Tax

4. Presentation Schema
4
Introduction Annual Return – Sec 44 Types of Forms
Relevant Considerations
Consequences of Failure
to Submit the Annual
Return
Analysis of GSTR- 9

5. Introduction
5
GST is a value-added tax levied at all points in the supply chain, with credit for taxes paid on goods and/or
services acquired for use in making the supply
To ensure the correctness and veracity of the reported information, annual return and GST audit are
required
GST principles embrace information technology and reduce the interaction with the tax administrators
All entities having GST registration, except few specified categories of persons, are required to file GST
annual return for every financial year irrespective of their turnover during the return filing period
In this Webinar we will be learning about GSTR- 9 (Annual Return)

6. Annual Return – Sec 44
6
Every Registered person, other than
Input Service Distributor
Person paying tax under Sec 51 or 52 (Prescribes to deduct
tax or to collect tax)
Casual Taxable Person (CTP)
Non-Resident Taxable Person
Shall furnish an annual return for every FY electronically in such form and manner as may be prescribed on or before the 31st
day of December following the end of such FY
-Every registered person who is required to get his accounts audited in accordance with the provisions of Sec 35(5)
-shall furnish electronically, the annual return
-along with a copy of the audited annual accounts and a reconciliation statement
Every registered person whose turnover during a financial year exceeds Rs. 2 crores shall get his
accounts audited by a chartered accountant or a cost accountant
Sec 35(5)

7. Types of Forms
7
GSTR 9
To be filed by regular taxpayers registered under GST
It consists of details regarding
-advances, supplies made and received during the FY under different tax heads i.e. CGST, SGST and IGST
-details of outward supplies made during the FY on which tax is not payable.
-details of ITC availed and reversed, taxes payable and paid, transactions reported in next FY, particulars of
demands and refunds, HSN wise details of outward and inward supplies
-It consolidates the information furnished in the monthly or quarterly returns during the year
GSTR 9A
-To be filed by taxpayers registered under GST’s composition scheme
-It is a summary of all quarterly returns previously filed by the composition taxpayer
GSTR 9B -To be filed by e-commerce operators who have to collect tax during the PY
-It is basically an annual statement
GSTR 9C
- Captures the basic details of the Registered Person, and Reconciliation of turnover declared in
audited Annual Financial Statement with turnover declared in Annual Return and reconciling of
tax paid , ITC

8. Relevant Considerations
8
A person registered under GST but having no transactions during the year is also
required to file a Nil Annual Return
A Registered person who has opted in or opted out of composition is required to
file both GSTR 9 & GSTR 9A for the relevant periods
GSTR-9 does not allow for any revision after filing
It is mandatory to file FORM GSTR-1 and FORM GSTR-3B for the FY 2017-18
before filing annual return

9. Consequences of Failure to Submit the Annual Return
9
Notice to
Defaulters
A notice shall be issued requiring to furnish the requisite return within 15 days
Late Fee
Levy of a late fee of Rs. 100/- per day under CGST Act and Rs. 100/- per day under
SGST/ UTGST Act subject to a maximum amount of 0.5% of the turnover in the
State or Union Territory
Penalty Penalty which may extend to Rs. 75,000 (Rs. 25,000 each under CGST, SGST, IGST Act)

10. Analysis of GSTR- 9
10
GSTR-9 consists of Six Parts
Part I
Part II
Part III Part IV
Part V
Part VI
Basic
Details
Details of Outward
and inward
supplies made
during the FY
Details of
ITC for
the FY
Particulars of
Demands &
Refunds
Details of tax paid
as declared in
returns filed -Particulars of the
transactions for
the previous FY
declared in
returns of April to
September of
current FY or
-up to date of
filing of annual
return of previous
FY whichever is
earlier

11. “ Part I – Basic Details
11

12. TABLE 1, 2, 3A, and 3B
12
Part I seeks to capture the basic details of the Registered Person
Financial Year GSTIN Legal Name and
Trade Name
It is an auto
populated field
It is an auto
populated field

13. “
13
Part II - Details of Outward
Supply and Inward Supply

14. TABLE 4
14
A. Supplies made
to un-registered
persons (B2C)
B. Supplies made
to registered
persons (B2B)
C. Zero rated supply
(Export) on payment
of tax (except
supplies to SEZs)
D. Supply to SEZs
on payment of tax
E. Deemed Export
F. Advances on which tax has
been paid but invoice has
not been issued (not covered
under (A) to (E) above)
G. Inward supplies
on which tax is to
be paid on reverse
charge basis
I. Credit Notes issued in
respect of transactions
specified in (B) to (E)
above (-)
J. Debit Notes issued in
respect of transactions
specified in (B) to (E)
above (+)
K. Supplies / tax
declared through
Amendments** (+)
L. Supplies / tax
reduced through
Amendments (-)
N. Supplies and
advances on which tax
is to be paid (H + M)
above
Under Table 4, Details of advances, inwards and outward supplies
made during the FY on which tax is payable are mentioned:
*Column H and M are Subtotals
** Returns not revised but
rectified in subsequent returns
Table 4, shall contain all data which has been declared in GSTR 3B of Reporting FY as well as those supplies/
advances of Reporting FY which has neither been declared in Reporting FY nor Subsequent FY
The goods supplied do not leave India and the payment for such supplies is received either in Indian
Rupees or in convertible foreign exchange, if such goods are manufactured in India
Deemed Export

15. TABLE 5
15
A Zero rated supply (Export) without payment of tax
B Supply to SEZs without payment of tax
C Supplies on which tax is to be paid by recipient on reverse charge basis
D Exempted
E Nil Rated
F Non-GST supply (includes 'no supply' )
G Sub-total (A to F above)
H Credit Notes issued in respect of transactions specified in A to F above (-)
I Debit Notes issued in respect of transactions specified in A to F above (+)
J Supplies declared through Amendments (+)
K Supplies reduced through Amendments (-)
L Sub-Total (H to K above)
M Turnover on which tax is not to be paid (G + L) above
N Total Turnover (including advances) (4N + 5M - 4G) above
Under Table 5, Details of Outward supplies made during the FY on which tax is not payable are mentioned:

16. “Part III - Details of ITC as Declared in
Returns filed during the FY
16

17. TABLE 6
17
A Total amount of input tax credit availed through FORM GSTR-3B (Sum total of table 4A of FORM GSTR-3B)
B
Inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from
SEZs)
C
Inward supplies received from unregistered persons liable to reverse charge (other than B above) on which tax is paid
& ITC availed
D
Inward supplies received from registered persons liable to reverse charge (other than B above) on which tax is paid and
ITC availed
E Import of goods (including supplies from SEZ)
F Import of services (excluding inward supplies from SEZs)
G Input Tax credit received from ISD
H Amount of ITC reclaimed (other than B above) under the provisions of the Act
K
Transition Credit through TRAN-1 (taxes paid in previous regime and available in relevant returns, credit for which is
carried forward)
L
Transition Credit through TRAN-2 (taxes paid in previous regime and not available in relevant returns, being claimed
now)
M Any other ITC availed but not specified above
O Total ITC availed
Under this table, details of ITC availed during the FY are to be reported:

18. TABLE 7
18
A
As per Rule 37 – Procedures applied when any person , who has availed of ITC on any
inward supply of goods or services or both, but fails to pay to the supplier
B As per Rule 39 - The procedure for distribution of ITC by ISD
C
As per Rule 42 - Manner of determination of ITC in respect of inputs or input services
and reversal thereof
D
As per Rule 43 - The procedure for calculating input tax credit and reversal of capital
goods
E As per section 17(5) – Ineligible ITC
F Reversal of TRAN-I credit
G Reversal of TRAN-II credit
H Other reversals(specify)
I Total ITC Reversed (Sum of A to H above)
J Net ITC Available for Utilization (6O - 7I)
Details of ITC Reversed and Ineligible ITC for the FY are reported here
Transfer of taxes paid under
earlier tax regime would flow
into GST regime through this self-
declaration

19. TABLE 8
19
8 Other ITC related information
A ITC as per GSTR-2A (auto filled - ITC from eligible purchases) (Table 3 & 5 thereof)
B ITC as per sum total 6(B) and 6(H) above
C
ITC on inward supplies (other than imports and inward supplies liable to reverse charge but includes
services received from SEZs) received during relevant FY but availed during next year
D Difference [A-(B+C)]
E ITC available but not availed
F ITC available but ineligible
G IGST paid on import of goods (including supplies from SEZ)
H IGST credit availed on import of goods (as per 6(E) above)
I Difference (G-H)
J ITC available but not availed on import of goods (Equal to I)
K Total ITC to be lapsed in current financial year (E + F + J)
• Aggregate value of input tax credit which was available in form GSTR-2A but not availed in
form GSTR-3B returns shall be computed based on the value of 8A, 8B & 8C.
• However, there may be circumstances where the credit availed in form GSTR-3B was greater
that credit available in form GSTR-2A. In such cases the value in row 8D shall be negative

20. “
PART IV – Actual Tax Paid
20

21. PART IV
21
Part IV requires the person filing an Annual Return to report the details of tax, interest, late fee,
penalty and other amounts payable and paid thereon on a cumulative basis for the financial year
9 Details of tax paid as declared in returns filed during the financial year
Description
Tax Payable
(₹)
Paid through
cash (₹)
Paid through ITC (₹)
Central Tax
State Tax /
UT Tax
Integrated
Tax
Cess
A Integrated Tax
B Central Tax
C State/UT Tax
D Cess
E Interest
F Late fee
G Penalty
H Other

22. “ PART V – Details of
Amendment made in Relevant
Reporting Year
22

23. PART V
23
10 Supplies / tax declared through Amendments (+) (net of debit notes)
11 Supplies / tax reduced through Amendments (-) (net of credit notes)
• Additional Invoices related to relevant year but reported in the subsequent year’s GSTR 3B returns
• Debit notes dated before Mar 31 of relevant year omitted and reported in the subsequent returns
• Amendments to invoices related to relevant year and reported (with errors) in the GSTR 3B of that
year but now reported (duly rectified) in the returns of next year
• Credit notes dated before Mar 31 of relevant year but reported in the subsequent year’s GSTR 3B returns
• Amendments to invoices related to relevant year and reported (with errors) in the GSTR 3B of that year
but now reported (duly rectified) in the returns of next year
consolidated value of differential (increase or decrease) tax liability
self-assessed and discharged in the subsequent monthly returns filed
14 Differential tax paid on account of declaration in 10 & 11 above

24. PART V
24
12 Reversal of ITC availed during previous financial year
13 ITC availed for the previous financial year
• 12 of Part V of the GSTR 9 contains the summary of the input tax credit
to be reversed that was availed during the reporting financial year
• The data to be tabulated relates to the input credit that was taken in the
reporting financial year and reversed during subsequent year
• The reversal may be for various reasons like erroneously taken credit or
failure to make payments within the stipulated time
• Details of ITC for goods or services received in the previous financial
year but ITC for the same was availed in the subsequent returns

25. “ PART VI – Other Information
25

26. TABLE 15
15A to 15G of GSTR 9 requires particulars of refund of taxes and the demand of taxes for the relevant FY
26
A Total Refund claimed
B Total Refund sanctioned
C Total Refund Rejected
D Total Refund Pending
E Total demand of taxes
F Total taxes paid in respect of E above
G Total demands pending out of E above
Non-GST refund claims (i.e. refund claimed under erstwhile law) should not be reported here
The aggregate value of refund of taxes claimed (CGST, SGST/UTGST, IGST and Cess to be
disclosed separately) under the GST Law during the year has to be reported under this head
Aggregate value of demands of taxes for which an order confirming the
demand has been issued by the adjudicating authority shall be declared here
• Aggregate value of taxes paid out of the total value of confirmed demand as declared in 15E above shall be declared in 15F
• Aggregate value of demands pending recovery out of 15E above shall be declared in 15G

27. Scenarios for Claim of Refund
Refund of taxes paid in excess
Refund of balance in the cash ledger after payment of taxes
Refund of unutilised input tax credit in case of zero-rated supplies of goods/ services without payment of taxes
Refund of taxes paid in case of zero-rated supplies of goods/services with payment of taxes
Refund of taxes paid on account of deemed exports (where refund is claimed by the supplier)
Refund of taxes paid on account of deemed exports (where refund is claimed by the recipient)
Refund of taxes paid on account of supply of goods/ services made to a SEZ unit/ developer
Refund of unutilised input tax credit on account of inverted duty structure
Refund of pre-deposit
27

28. TABLE 16
28
Table 16 of GSTR 9 requires details of:
Supplies received from
composition tax payers,
Deemed supply under section 143
inputs and capital goods supplied by the principal to the
job-worker and not returned within the time specified
(1 years for inputs, 3 years for capital goods) and
Supplies made on approval basis
and no invoice is raised or goods returned to
the supplier within 180 days of supply
A Supplies received from Composition taxpayers
B Deemed supply under section 143
C Goods sent on approval basis but not returned

29. TABLE 17 & 18
29
HSN wise summary of outward supplies (17) & inward supplies (18)
Summary of supplies effected and received against a particular HSN code to be reported in this table.
It will be optional for taxpayers having annual turnover upto Rs1.50 Cr.
It will be mandatory to report HSN code at two digits level for taxpayers having annual turnover in
the preceding year above Rs 1.50 Cr but upto Rs 5.00 Cr and
It will be mandatory to report HSN code at four digits’ level for taxpayers having annual turnover
above Rs 5.00 Cr
Harmonized System of Nomenclature (HSN) code for goods and Services is
a uniform code that classifies 5000+ products and is accepted worldwide
UQC details to be furnished for supply of goods
UQC stands for Unique Quantity Code - it is a unit of measurement such as 1 kilogramme of wheat which has to be mentioned
UQC as per Customs is followed. Example -
Quantity Type UQC Code
CUBIC METER Volume CBM
CUBIC CENTIMETER Volume CCM
CENTIMETER Length CMS

30. 30
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