Article clarifies recent CBIC clarification Dated 04.06.2019 on filing of Annual Return (FORM GSTR-9). Article explains the Terminology used in Annual Return-Form GSTR-9 related to various issues address by CBIC in its Press Release.
|Sr. No.||Issue addressed||Details|
|1||Auto-Population of Form GSTR-9 from GSTR-2A||Terminology:-
GSTR-2A:_Details of auto drafted supplies
Information contained in GSTR-2A(table 3 & 5) as on 01.05.2019 shall be auto-populated in Table 8A of GSTR-9 which indicates total credit available for inward supplies(other than imports and inwards supplies liable to reverse charge but includes services received from SEZs) received during 2017-18.
|2||ITC on inward supplies in Form GSTR-9||Terminology:-
Table 8C of GSTR-9: Aggregate value of ITC availed on all inward supplies (except those on which tax is payable on reverse charge basis but including supply of services received from Specical Economic Zone).
Input tax credit on inward supplies shall be declared from April 2018 to March 2019 in Table 8C of FORM GSTR-9
|3||Transactions for FY 2017-18 in Pt. V of GSTR-9||Terminology:-
Part V of GSTR-9:-Particulars of transactions for the previous financial year but declared in the returns of April to September of current financial year or date of filing of Annual Return for previous financial year, whichever is earlier.
Table 10 of GSTR-1:-Amendments to taxable outward supplies to unregistered persons furnished in returns for earlier tax periods in Table 7.
Particulars of the transactions for FY 2017-18 declared in returns between April 2018 to March 2019 shall be declared in Pt. V of FORM GSTR-9.
|4||Declaration of supply in Pt.II or Pt.V of GSTR-9||Clarification:-
While declaring a supply in GSTR-9, it should be ensured that in case tax on such supply was paid through GSTR-3B between July, 2017 to March, 2018 then such supply shall be declared in Pt.II and in case the tax was paid through GSTR-3B between April, 2018 to March, 2019 then such supply shall be declared in Pt. V of GSTR-9.
|5||Declaration of additional outward supply/liability||Terminology:-
Pt.II of GSTR-9:-Details of all outward supplies & advances received during the financial year for which the annual return is filed.
Pt. IV of GSTR-9:-Actual tax paid during the F.Y.
The additional outward supply remaining undeclared in GSTR-1 and GSTR-3B is required to be declared in Pt.II of GSTR-9. The computation for the same will be made in Pt.IV of GSTR-9. The difference of tax payable and tax paid through cash shall be paid through DRC-03.
|6||Mismatch in auto-populated data and entries in books of accounts/return||Clarification:-
Board has specified that the data needs to be reported by taxpayers as per their books of accounts/returns only. Thus, mismatch in auto population needs to be taken care of by taxpayers only.
|7||Credit of IGST paid at the time of import of goods but availed in return of April, 2018-March, 2019||Terminology:-
Table-8 of GSTR-9:-Other IC related information
Since Table 8 of GSTR-9 had no row to fill in credit of IGST paid of import of goods but availed in return of April 2018 to March 2019, Board has advised taxpayers to fill entire credit availed on import of goods from July, 2017 to March, 2019 in Table 6(E) of GSTR-9.
|8||Payments made through DRC-03 for supplies during July 2017 to March 2018||Clarification:-
Payments for any supplies for the period July, 2017 to March, 2018 made through DRC-03 will not be accounted for in GSTR-9 but the same shall be reported in GSTR-9C.