An attempt is made to summarize the working requirements for filing GST Annual Returns i.e GSTR9 & Reconcilation Statement and Certificate i.e GSTR9C.

1. Practical Guide to GSTR9
& GSTR9C
Annual Return and Reconciliation & Certification
12th Dec 2019
Presented by
Pawan Kumar R
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2. Recap on GST
• Implemented from 1st July 2017
• Originally - GSTR1, GST2 and GSTR3
• Introduced GSTR3B
• GSTR1 – Quarterly or Monthly on the basis on Turnover
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3. Who has to file Annual Returns - Sec 44(1)
• Every registered person
• For Every Financial Year
• Submit electronically
• On or before 31st December following end of the Financial year
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4. Due date for July 2017 to March 2018
• Originally 31st December 2018
• Extended to 30th June 2019
• Further Extended to 31st Oct 2019
• Now Due date is 31st Dec 2019
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5. Who need not file Annual Returns
• Input Service Distributor
• Person paying tax under section 51 or section 52
• Casual Taxable Person
• Non Resident Taxable Person
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6. Forms for Annual Returns
• GSTR9 – Annual Return for Normal Tax Payers
• GSTR9A – Annual Returns under Composition Scheme u/s 10
• GSTR9B – E-commerce operator who are required to collect tax
• GSTR9C – Reconciliation Statement & Certification
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7. Audit of Accounts – Sec 35(5)
• Annual Returns
• Copy of Audited Annual Accounts
• Reconciliation Statement between General Purpose Financial
Statements and Annual Returns
• Turnover more than 2 Crores
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8. Salient Features of Annual Returns
• Annual Returns are required to be filed ______________
• Each registered person is required to file Annual Returns under
forms GSTR_, GSTR_ _, GSTR_ _ & GSTR_ _
• No Requirement of Annual Returns for these categories
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9. More Info on Annual Returns
• Annual Returns is not linked with GST Audit
• Turnover less than 2cr are required to file GST9
• Annual Returns separate for Individual States
• Once submitted cannot be revised
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10. Turnover less than 2cr
• Normal Registered Tax payers are exempted
• For FY 2017-18 & 2018-19
• Data plotted are deemed to be accepted
• Cannot file returns after due date
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11. Requirements for Filing Annual Returns
Mandatory to File
GSTR3B
&
GSTR1
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12. Understanding of Annual Return
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13. Understanding of Annual Returns
Financial Year – Whether
1st Apr to 31st Mar
or
1st Jul to 31st Mar
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14. Understanding of Annual Return
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15. Understanding of Annual Return
Supplies made to B2C
• Supplies made to consumers & unregistered Persons
• These will include supplies made through E-commerce operators
• Net of Debit & Credit Notes
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16. Understanding of Annual Return
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17. Understanding of Annual Return
For FY 2017-18 and 2018-19, the registered person shall have an
option to fill Table 4B to Table 4E Net of
• Debit Notes
• Credit Notes
• Amendments
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18. Understanding of Annual Return
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19. Understanding of Annual Return
For FY 2017-18 and 2018-19, the registered person shall have
option to either separately report his supplies as
exempted, nil rated and Non-GST supply
or
report consolidated information under Exempted Row.
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20. Understanding of Annual Return
For FY 2017-18 & 2018-19
Net of
• Credit Notes,
• Debit Notes and
• Amendments
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21. Understanding of Annual Return
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22. Understanding of Annual Return
For FY 2017-18 & FY 2018-19
Either report Input, Capital Goods & Input Services Separately
Or
Report entire input tax credit under Input row only.
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23. Understanding of Annual Return
For FY 2017-18 & FY 2018-19
Either report RCM 9(3) & RMC 9(4) separately under Input, Capital
Goods and Input Services
Or
Report entire input tax credit under Input Row only
Either report RCM 9(3) & RCM 9(4) separately or show entire RCM
under 9(4) only
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24. Understanding of Annual Return
For FY 2017-18 & FY 2018-19, for Import of Goods
Either report the breakup of input tax credit as inputs and capital
goods
Or
Report the entire input tax credit under the “inputs” row only.”
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25. Understanding of Annual Return
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26. Understanding of Annual Return
For FY 2017-18 and 2018-19, the registered person shall have option
Either fill his information on reversals separately in Table 7A to 7E
or
Report the entire amount of reversal under Table 7H only.
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27. Understanding of Annual Return
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28. Understanding of Annual Return
If Table 8D is negative, then 8E & 8F need not be filed
If Table 8D is positive, then 8E & 8F = 8D
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29. Understanding of Annual Return
For FY 2017-18 and 2018-19, the registered person shall have an
option to
Upload the details for the entries in Table 8A to 8D duly signed,
in PDF format
in FORM GSTR-9C (without the CA certification).
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30. Understanding of Annual Return
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31. Understanding of Annual Return
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32. Understanding of Annual Return
Particulars of the transactions for the previous FY declared in current
FY
or
Upto date of filing of annual return of previous FY
whichever is earlier
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33. Understanding of Annual Returns
FY 2017-18 and 2018-19,
Reversal of ITC availed during previous financial year & ITC availed
for the previous financial year
The registered person shall have an option to
not fill this table
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34. Understanding of Annual Return
• Details of ITC for goods or services received in the previous FY but,
ITC for the same was availed in returns filed for the months of April
to September of the current financial year
or
date of filing of Annual Return for the previous financial year
whichever is earlier shall be declared here.
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35. Understanding of Annual Return
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36. Understanding of Annual Return
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37. Understanding of Annual Return
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38. Understanding of Annual Return
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39. Understanding of Annual Return
For FY 2017-18 and 2018-19, the registered person shall have an
option to not fill these Tables
Table 15 – Particulars of Demand & Refunds
Table 16 – Supplies received from Composition Tax Payers
Table 17 & 18 – Particulars of HSN Summary of Outward & Inward
Supply
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40. Audit of Accounts – Sec 35(5)
• Annual Returns
• Copy of Audited Annual Accounts
• Reconciliation Statement between General Purpose Financial
Statements and Annual Returns
• Turnover more than 2 Crores
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41. Understanding of GSTR9C
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42. Understanding of GSTR9C
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43. Understanding of GSTR9C
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44. Understanding of GSTR9C
For FY 2017-18 & 2018-19
Table 5A to Table 5N
have an option to not fill this
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45. Understanding of GSTR9C
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46. Understanding of GSTR9C
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47. Understanding of GSTR9C
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48. Understanding of GSTR9C
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49. Understanding of GSTR9C
For FY 2017-18 & 2018-19
the registered person shall have an
option to not fill Table 12B & Table 12C
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50. Understanding of GSTR9C
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51. Understanding of GSTR9C
For FY 2017-18 and 2018-19,
the registered person shall have an
option to not fill this Table 14
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52. Understanding of GSTR9C
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53. Understanding of GSTR9C
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54. Understanding of GSTR9C
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55. Thank You.
Contact: 9036668741
Email : pawan@Vidhyanidhi.com
Website: https://Vidhyanidhi.com
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