GST Annual Return At A Glance

Annual Return:-

A return to be filed once in a year, it is a consolidated information of all inward and outward supplies for tax administrator for a particular financial year. It consists of details regarding the supplies made and received in a financial year under the different tax head such as Central, State and Union Territory tax.

Importance and Significance of GST Annual Return

Sl No. For Tax Authority (Department) For Tax Payer (Assesse)
1. All information at one place Can identify and correct mistakes committed during the financial year.
2. Convenient to select cases for scrutiny Can fill the gaps in records maintained.
3. Ease to identify default taxpayer Action can be taken against default supplier
4. Providing necessary inputs for decision making. Pre prepared for any proceedings.

Form of GST Annual Return and Taxpayer

Type of Taxpayer Requirement of Annual Return Form of Annual Return
Regular Taxpayers Yes GSTR-9
Registered under Composition Scheme Yes GSTR-9A
Electronic commerce operator Yes GSTR-9B
Input Service Distributor No NA
Deducting tax at source (Sec-51) No NA
Collecting Tax at Source (Sec-52) No NA
Casual Taxpayer No NA
Non-resident taxpayer No NA
Note:- Taxpayer whose annual turnover exceeds Rs. 2 crores during the financial year, need to file a reconciliation statements in Form GSTR-9C along with audit report.

Detailed Analysis of Annual Return GSTR-9

GST Annual Return GSTR-9- PART I

PART-I BASIC DETAILS
1 Financial Year
2 GSTIN
3A Legal Name
3B Trade Name (if any)

 GST Annual Return GSTR-9- PART II

PART-II Details of Outward and inward supplies declared during the financial year
Nature of Supply Taxable Value Central Tax State Tax Integrated Tax Cess
1 2 3 4 5 6
4 Details of advances, inward and outward supplies on which tax is payable as declared in returns filed during the financial year
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 Exports
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
H Sub-total (A to G above)
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 (-)
M Sub-total (I to L above)
N Supplies and advances on which tax is to be paid (H + M) above
5 Details of Outward supplies on which tax is not payable as declared in returns filed during the financial year
Nature of Supply Taxable Value Central Tax State Tax Integrated Tax Cess
1 2 3 4 5 6
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 the recipient on reverse charge basis
D Exempted
E Nil Rated
F Non-GST 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)

 ANALYSIS OF THE ANNUAL RETURN PART II

Part II consists of the details of all outward supplies & advances received during the financial year for which the annual return is filed. The details filled in Part II is a consolidation of all the supplies declared by the taxpayer in the returns filed during the financial year. The instructions to fill Part II are as follows:-

Table No. Instructions
4A Aggregate value of supplies made to consumers and unregistered persons on which tax has been paid shall be declared here.

These will include details of supplies made through E-Commerce operators and are to be declared as net of credit notes or debit notes issued in this regard.  

Table 5, Table 7 along with respective amendments in Table 9 and Table 10 of FORM GSTR-1 may be used for filling up these details.

4B Aggregate value of supplies made to registered persons (including supplies made to UINs) on which tax has been paid shall be declared here.

These will include supplies made through E-Commerce operators but shall not include supplies on which tax is to be paid by the recipient on reverse charge basis.

Details of debit and credit notes are to be mentioned separately. Table 4A and Table 4C of FORM GSTR-1 may be used for filling up these details.

4C Aggregate value of exports (except supplies to SEZs) on which tax has been paid shall be declared here.

Table 6A of FORM GSTR-1 may be used for filling up these details.

4D Aggregate value of supplies to SEZs on which tax has been paid shall be declared here.

Table 6B of GSTR-1 may be used for filling up these details

4E Aggregate value of supplies in the nature of deemed exports on which tax has been paid shall be declared here.

Table 6C of FORM GSTR-1 may be used for filling up these details.

4F Details of all unadjusted advances i.e. advance has been received and tax has been paid but invoice has not been issued in the current year shall be declared here.

Table 11A of FORM GSTR-1 may be used for filling up these details.

4G Aggregate value of all inward supplies (including advances and net of credit and debit notes) on which tax is to be paid by the recipient (i.e.by the person filing the annual return) on reverse charge basis.

This shall include supplies received from registered persons, unregistered persons on which tax is levied on reverse charge basis.

This shall also include aggregate value of all import of services.

Table 3.1(d) of FORM GSTR-3B may be used for filling up these details.

4I Aggregate value of credit notes issued in respect of B to B supplies (4B), exports (4C), supplies to SEZs (4D) and deemed exports (4E) shall be declared here.

Table 9B of FORM GSTR-1 may be used for filling up these details.

4J Aggregate value of debit notes issued in respect of B to B supplies (4B), exports (4C), supplies to SEZs (4D) and deemed exports (4E) shall be declared here.

Table 9B of FORM GSTR-1 may be used for filling up these details.

4K

&     4 L

Details of amendments made to B to B supplies (4B), exports (4C), supplies to SEZs (4D) and deemed exports (4E), credit notes (4I), debit notes (4J) and refund vouchers shall be declared here.

Table 9A and Table 9C of FORM GSTR-1 may be used for filling up these details.

5A Aggregate value of exports (except supplies to SEZs) on which tax has not been paid shall be declared here. Table 6A of FORM GSTR-1 may be used for filling up these details.
5B Aggregate value of supplies to SEZs on which tax has not been paid shall be declared here. Table 6B of GSTR-1 may be used for filling up these details.
5C Aggregate value of supplies made to registered persons on which tax is payable by the recipient on reverse charge basis.

Details of debit and credit notes are to be mentioned separately.

Table 4B of FORM GSTR-1 may be used for filling up these details

5D, 5E & 5F Aggregate value of exempted, Nil Rated and Non-GST supplies shall be declared here.

Table 8 of FORM GSTR-1 may be used for filling up these details.

The value of ―no supply shall also be declared here.

5H Aggregate value of credit notes issued in respect of supplies declared in 5A,5B,5C, 5D, 5E and 5F shall be declared here.

Table 9B of FORM GSTR-1 may be used for filling up these details.

5I Aggregate value of debit notes issued in respect of supplies declared in 5A,5B,5C, 5D, 5E and 5F shall be declared here.

Table 9B of FORM GSTR-1 may be used for filling up these details.

5J & 5K Details of amendments made to exports (except supplies to SEZs) and supplies to SEZs on which tax has not been paid shall be declared here.

Table 9A and Table 9C of FORM GSTR-1 may be used for filling up these details.

5N Total turnover including the sum of all the supplies (with additional supplies and amendments) on which tax is payable and tax is not payable shall be declared here.

This shall also include amount of advances on which tax is paid but invoices have not been issued in the current year.

However, this shall not include the aggregate value of inward supplies on which tax is paid by the recipient (i.e. by the person filing the annual return) on reverse charge basis.

GST Annual Return GSTR-9- PART III

PART-III Details of ITC as declared in returns filed during the financial year
  Descriptions Type Central Tax State Tax/UT Integrated Tax Cess
  1 2 3 4 5 6
6 Details of ITC availed as declared in returns filed during the financial year
A Total amount of input tax credit availed through FORM GSTR-3B (sum total of Table 4A of FORM GSTR-3B) Auto Auto Auto Auto
B Inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs) Inputs
Capital Goods
Input Services
C Inward supplies received from unregistered persons liable to reverse charge (other than B above) on which tax is paid & ITC availed Inputs
Capital Goods
Input Services
D Inward supplies received from registered persons liable to reverse charge (other than B above) on which tax is paid and ITC availed Inputs
Capital Goods
Input Services
E Import of goods (including supplies from SEZs) Inputs
Capital Goods
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
I Sub-total (B to H above)
J Difference (I – A above)
K Transition Credit through TRAN-I (including revisions if any)
L Transition Credit through TRAN-II
M Any other ITC availed but not specified above
N Sub-total (K to M above)
O Total ITC availed (I + N above)
7 Details of ITC Reversed and Ineligible ITC as declared in returns filed during the financial year
Descriptions Central Tax State Tax/UT Integrated Tax Cess
A As per Rule 37
B As per Rule 39
C As per Rule 42
D As per Rule 43
E As per section 17(5)
F Reversal of TRAN-I credit
G Reversal of TRAN-II credit
H Other reversals (pl. specify)
I Total ITC Reversed (A to H above)
J Net ITC Available for Utilization (6O – 7I)
8 Other ITC related information
A ITC as per GSTR-2A (Table 3 & 5 thereof) Auto Auto Auto Auto
B ITC as per sum total of 6(B) and 6(H) above Auto
C ITC on inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs) received during 2017-18 but availed during April to September, 2018
D Difference [A-(B+C)]
E ITC available but not availed (out of D)
F ITC available but ineligible (out of D)
G IGST paid on import of goods (including supplies from SEZ)
H IGST credit availed on import of goods (as per 6(E) above) Auto
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) Auto Auto Auto Auto

 ANALYSIS OF THE ANNUAL RETURN PART III

Part III consists of the details of all input tax credit availed and reversed in the financial year for which the annual return is filed. The instructions to fill Part III are as follows:

Table No. Instructions
6A Total input tax credit availed in Table 4A of FORM GSTR-3B for the taxpayer would be auto-populated here.
6B Aggregate value of input tax credit availed on all inward supplies except those on which tax is payable on reverse charge basis but includes supply of services received from SEZs shall be declared here.

It may be noted that the total ITC availed is to be classified as ITC on inputs, capital goods and input services.

Table 4(A)(5) of FORM GSTR-3B may be used for filling up these details.

This shall not include ITC which was availed, reversed and then reclaimed in the ITC ledger. This is to be declared separately under 6(H) below.

6C Aggregate value of input tax credit availed on all inward supplies received from unregistered persons (other than import of services) on which tax is payable on reverse charge basis shall be declared here.

It may be noted that the total ITC availed is to be classified as ITC on inputs, capital goods and input services.

Table 4(A)(3) of FORM GSTR-3B may be used for filling up these details.

6D Aggregate value of input tax credit availed on all inward supplies received from registered persons on which tax is payable on reverse charge basis shall be declared here.

It may be noted that the total ITC availed is to be classified as ITC on inputs, capital goods and input services.

Table 4(A)(3) of FORM GSTR-3B may be used for filling up these details.

6E Details of input tax credit availed on import of goods including supply of goods received from SEZs shall be declared here.

It may be noted that the total ITC availed is to be classified as ITC on inputs and capital goods.

Table 4(A)(1) of FORM GSTR-3B may be used for filling up these details.

6F Details of input tax credit availed on import of services (excluding inward supplies from SEZs) shall be declared here. Table 4(A)(2) of FORM GSTR3B may be used for filling up these details.
6G Aggregate value of input tax credit received from input service distributor shall be declared here. Table 4(A)(4) of FORM GSTR-3B may be used for filling up these details.
6H Aggregate value of input tax credit availed, reversed and reclaimed under the provisions of the Act shall be declared here.
6J The difference between the total amount of input tax credit availed through FORM GSTR-3B and input tax credit declared in row B to H shall be declared here.

Ideally, this amount should be zero.

6K Details of transition credit received in the electronic credit ledger on filing of FORM GST TRAN-I including revision of TRAN-I (whether upwards or downwards), if any shall be declared here.
6L Details of transition credit received in the electronic credit ledger after filing of FORM GST TRAN-II shall be declared here.
6M Details of ITC availed but not covered in any of heads specified under 6B to 6L above shall be declared here.

Details of ITC availed through FORM ITC01 and FORM ITC-02 in the financial year shall be declared here.

7A, 7B, 7C, 7D, 7E, 7F, 7G and 7H Details of input tax credit reversed due to ineligibility or reversals required under rule 37, 39,42 and 43 of the CGST Rules, 2017 shall be declared here.

This column should also contain details of any input tax credit reversed under section 17(5) of the CGST Act, 2017 and details of ineligible transition credit claimed under FORM GST TRAN-I or FORM GST TRAN-II and then subsequently reversed.

Table 4(B) of FORM GSTR-3B may be used for filling up these details.

Any ITC reversed through FORM ITC -03 shall be declared in H7

8A The total credit available for inwards supplies (other than imports and inwards supplies liable to reverse charge but includes services received from SEZs) received during 2017-18 and reflected in FORM GSTR-2A (table 3 & 5 only) shall be auto-populated in this table.

This would be the aggregate of all the input tax credit that has been declared by the corresponding suppliers in their FORM GSTR-I.

8B The input tax credit as declared in Table 6B and 6H shall be auto-populated here.
8C Aggregate value of input tax credit availed on all inward supplies (except those on which tax is payable on reverse charge basis but includes supply of services received from SEZs) received during July 2017 to March 2018 but credit on which was availed between April to September 2018 shall be declared here.

Table 4(A)(5) of FORM GSTR-3B may be used for filling up these details.

8E & 8F Aggregate value of the input tax credit which was available in FORM GSTR2A (table 3 & 5 only) but not availed in any of the FORM GSTR-3B returns shall be declared here.

The credit shall be classified as credit which was available and not availed or the credit was not availed as the same was ineligible.

The sum total of both the rows should be equal to difference in 8D.

8G Aggregate value of IGST paid at the time of imports (including imports from SEZs) during the financial year shall be declared here.
8H The input tax credit as declared in Table 6E shall be auto-populated here.
8K The total input tax credit which shall lapse for the current financial year shall be computed in this row.

GST Annual Return GSTR-9- PART IV

PART-IV Details of tax paid as declared in returns filed during the financial year
9 Descriptions Tax Payable Paid Through Cash Paid Through ITC
Central Tax State/UT Tax Integrated Tax Cess
  1 2 3 4 5 6 7
  Integrated Tax            
  Central Tax            
  State/UT Tax            
  Cess            
  Interest            
  Late Fees            
  Penalty            
  Other            

 ANALYSIS OF THE ANNUAL RETURN PART IV

Part IV is the actual tax paid during the financial year. Payment of tax under Table 6.1 of FORM GSTR-3B may be used for filling up these details.

GST Annual Return GSTR-9- PART V

PART-V Particulars of the transactions for the previous FY declared in returns of April to September of current FY or upto date of filing of annual return of previous FY whichever is earlier
  Descriptions Taxable Value Central Tax State/UT Tax Integrated Tax Cess
  1 2 3 4 5 6
10 Supplies / tax declared through Amendments (+) (net of debit notes)          
11 Supplies / tax reduced through Amendments (-) (net of credit notes)          
12 Reversal of ITC availed during previous financial year          
13 ITC availed for the previous financial year          
14 Differential tax paid on account of declaration in 10 & 11 above
  Descriptions Payable Paid
  1 2 3
  Integrated Tax
  Central Tax
  State/UT Tax
  Cess
  Interest

 ANALYSIS OF THE ANNUAL RETURN PART V

Part V consists of particulars of transactions for the previous financial year but declared in the returns of April to September of current FY or date of filing of Annual Return for previous financial year (for example in the annual return for the FY 2017-18, the transactions declared in April to September 2018 for the FY 2017-18 shall be declared), whichever is earlier. The instructions to fill Part V are as follows:

Table No. Instructions
10 & 11 Details of additions or amendments to any of the supplies already declared in the returns of the previous financial year but such amendments were furnished in Table 9A, Table 9B and Table 9C of FORM GSTR-1 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.
12 Aggregate value of reversal of ITC which was availed in the previous financial year but reversed in returns filed for the months of April to September of the current financial year or date of filing of Annual Return for previous financial year , whichever is earlier shall be declared here.

Table 4(B) of FORM GSTR-3B may be used for filling up these details.

13 Details of ITC for goods or services received in the previous financial year 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.

Table 4(A) of FORM GSTR-3B may be used for filling up these details.

GST Annual Return GSTR-9- PART VI

PART- VI Other Information
15 Particulars of Demands and Refunds
Details Central Tax State/ UT Tax Integ-rated Tax Cess Interest Penalty Late Fess
1 2 3 4 5 6 7 8
A Total refund claimed
B Total refund sanctioned
C Total refund rejected
D Total refund pending
E Total demand of taxes
F Total tax paid in respect of E above
G Total demand pending out of E above
16 Information on supplies received from composition taxpayers, deemed supply under section 143 and goods sent on approval basis
Details Taxable Value Central Tax State/ UT Tax Integ-rated Tax Cess
1 2 3 4 5 6
A Supplies received from Composition taxpayers          
B Deemed supply under Section 143          
C Goods sent on approval basis but not returned          
17 HSN Wise Summary of outward supplies
1 2 3 4 5 6 7 8 9
HSN Code UQC Total Quantity Taxable Value Rate of Tax Central Tax State/ UT Tax Integ-rated Tax Cess
18 HSN Wise Summary of Inward Supply
1 2 3 4 5 6 7 8 9
HSN Code UQC Total Quantity Taxable Value Rate of Tax Central Tax State/ UT Tax Integ-rated Tax Cess
19 Late Fees Payable and Paid
Description Payable Paid
1 2 3
A Central Tax
B State Tax

ANALYSIS OF THE ANNUAL RETURN PART VI

Part VI consists of details of other information. The instructions to fill Part VI are as follows:

Table No. Instructions
15A, 15B, 15C and 15D Aggregate value of refunds claimed, sanctioned, rejected and pending for processing shall be declared here.

Refund claimed will be the aggregate value of all the refund claims filed in the financial year and will include refunds which have been sanctioned, rejected or are pending for processing.

Refund sanctioned means the aggregate value of all refund sanction orders. Refund pending will be the aggregate amount in all refund application for which acknowledgement has been received and will exclude provisional refunds received.

These will not include details of non-GST refund claims.

15E, 15F and 15G 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 here.

Aggregate value of demands pending recovery out of 15E above shall be declared here.

16A Aggregate value of supplies received from composition taxpayers shall be declared here.

Table 5 of FORM GSTR-3B may be used for filling up these details.

16B Aggregate value of all deemed supplies from the principal to the job-worker in terms of sub-section (3) and sub-section (4) of Section 143 of the CGST Act shall be declared here.
16C Aggregate value of all deemed supplies for goods which were sent on approval basis but were not returned to the principal supplier within one eighty days of such supply shall be declared here.
17 & 18 Summary of supplies effected and received against a particular HSN code to be reported only in this table.

It will be optional for taxpayers having annual turnover upto ₹ 1.50 Cr.

It will be mandatory to report HSN code at two digits level for taxpayers having annual turnover in the preceding year above ₹ 1.50 Cr but upto ₹ 5.00 Cr and at four digits‘ level for taxpayers having annual turnover above ₹ 5.00 Cr.

UQC details to be furnished only for supply of goods. Quantity is to be reported net of returns.

Table 12 of FORM GSTR1 may be used for filling up details in Table 17.

19 Late fee will be payable if annual return is filed after the due date.

Author Bio

Qualification: CA in Practice
Company: Gupta Sachdeva & Co., Chartered Accountants
Location: Delhi, Delhi, India
Member Since: 10 Aug 2017 | Total Posts: 3

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14 Comments

  1. T says:

    What about 14 Differential tax paid? If in the total of 10,11,12, input is more than taxable GST, do we enter negative figures in differential GST paid and payable? Thank you.

  2. Priyesh Kumar says:

    What if some of the invoice is missing in the for earlier month, any adjustment can be made in annual return or not, if yes then, how much interest and penalty is leviable. Please clarify.

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