Video on Challenges & Critical Issues in filing Annual Return Form GSTR – 9

In terms of Section 44(1) of the CGST Act, 2017, every registered person, other than an Input Service Distributor, a person paying tax under Section 51 (TDS Collector) or Section 52 (TCS Collector), a casual taxable person and a non-resident taxable person, shall furnish an Annual Return for every financial year on or before the 31st day of December following the end of such financial year. The Government vide Notification No. 39/2018 – Central Tax dated September 4, 2018 has notified the format of Annual Return Form GSTR-9 (for normal taxpayers) and Form GSTR-9A (for composition taxpayers). Further, every registered person whose aggregate turnover during a financial year exceeds INR 2 crores shall get his accounts audited and furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C, format of which is also notified vide Notification No. 49/2018 – Central Tax dated September 13, 2018.

Considering the complexity of Form GSTR-9 under the given time frame of  3 months for due date of 31st December, Mr. Bimal Jain, Chairman, Indirect Tax Committee, PHD Chamber of Commerce, had highlighted critical issues therein which the taxpayer may face and which requires immediate attention of the Government along with highlighting key issues demanding extension of due date for filing Annual Returnin the Mega GST Conclave held on September 26, 2018 this week at PHD House.

You can access the complete video of his theme presentation “Challenges & Critical Issues for filing Annual Return Form GSTR – 9 by Bimal Jain” at following link:

https://www.youtube.com/watch?v=OdGfjIC10aQ

(Author can be reached at Email: bimaljain@hotmail.com)

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4 Comments

  1. Amit Walia says:

    as explained for “Section 12(8) – Place of supply of domestic services of transportation of goods” above
    how will it allow level playing field with international players, since for domestic transporter there is only change in POS so now only IGST would be leviable for unregistered recipient, read section 7(5) of IGST act, since both supplier and recipient are in India no question that recipient can pay in foreign currency, so it cannot be export, so what ever be the case tax would be leviable only the nature of tax will change

  2. G M DEVENDRAN says:

    WE SUBMIT THE GST R 4 BUT WE ARE NOT ABLE TO GET PREIVIEW FORM FOR SUBMITTHE GST 4 RETRUN
    2 MISMATCHED INVOVICE UPLOADE GIVEN GST R 1 UPTO OCT.2018 AND ALSOGST 4 1 ABOVE 1.5 CRORES SUBMIT IN GST R 1 THE BOXE WAS SAME HOW WE CAN FILL SUBMIT ABD ALSO PLEASE INFORM TO DAILY NEWS PAPER TO BE SUBMIT NECESARY FORMS
    WITH MISMATCH WHOLE SALE SUPPLIERS ART NOT PERPERRLY SUBMIT IN THE VIEW RECEIVER GET NOTICE FROM DEPT. DFF.IN GST R3B AND GST R1 TAXES AND OTHERS HOW SOLVE THE PROBLEM PLEASE SUGGESTION REQUESTED

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