Important details are required for file the GSTR-9:-
Form GSTR-9 is the GST Annual return that has to be filed under the GST laws every year. the flowing important details are required for file the GSTR-9:-
- Check- Comparison of Liability declared and ITC Claimed (Comparison of liability declared and ITC (Input Tax Credit) claimed” tile, click the VIEW button. The “Credit and Liability Statement” page is displayed that provides a table containing comparative details of liability declared in filled GST Form-
- Form GSTR-3B & Form GSTR-1
- ITC claimed in Form GSTR-3B and as accrued in Form GSTR-2A
- Have Final figures on Record:
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- Sales (IGST Sales, CGST Sales, SGST Sales
- NIL Rated Sales, Exempt in GST Sales
- RCM Liability : (IGST, CGST, SGST
- Input Claimed : (IGST Purchases, CGST Purchases, SGST Purchases)
- Input Reversed : (IGST, CGST, SGST)
- Input as per GSTR 2A : (IGST, CGST, SGST)
- Final Figures on record Bifurcate:-
- Input Claimed into Inputs,
- Input on Services
- Input on Capital Goods
- Differences/Mismatch may arise due to following:-
- (a) Differential reporting in Form GSTR 3B and Form GSTR 1 Note- (Pay additional Liability through GST Form DRC -03)
- (b) Under/Over reporting of Outward Supplies in GST Returns – Show only Correct Amounts in GSTR 9 – Refer Point C, D, E below
- (c) Amendments done during the same F.Y – Show in Table 4 –Point K & L
- (d) Amendments done during the subsequent F.Y – Show in Amendments Table 10 & 11.
- (e) Non-reporting of Sales Invoices altogether – Add in Table 4 & Table 5 & Pay Tax on Differential amount with Interest
- (f) Non-availment of ITC – ITC not availed up to prescribed deadline will lapse
- (g) Delayed availment of ITC in Next FY – Show in Table 8 – Point C
- (h) Excess availment of ITC – Bifurcate only Correct ITC in Table 6 & pay interest on excess availment
Other
- It is clarified that ITC cannot be claimed in GSTR-9- Annual return. So any Liability identified later during the filing of GSTR 9 is to be deposited with the government in Form DRC-03. (It means it should be paid in cash rather than by claiming ITC to that extent).
- Reconciliation of the books of accounts and tax invoices are issued during 01.04.2017 to 31.03.2018 is of utmost importance; this should match the turnover declared in the audited financial statements. It is important for the figures in the books & the invoices to match or else the GST paid will be incorrect. Along with the invoices, debit & credit notes shall also be in agreement with books of accounts.
- The Tax Invoices issued during the period and the E Way Bill Data should be Matched.
- Purchase Invoices should be agreed with Books and it must be ensured that the respective sales data of the respective suppliers is also uploaded in Form GSTR 1 so that such data will be appeared in GSTR 2A of the purchaser. Otherwise there will be Mismatch in the ITC claimed and ITC paid on purchases.
- Stay away-Incorrect information can attract tax demands, interest and penalties on the same, and the long-term litigations that follow years later.
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