Recently financial budget 2021 has proposed to omit the provision section 35(5) and amend the section 44 of CGST Act, 2017. After acceptance of bill by president of India GST audit need not to file. Recently CBIC clarified through retweet on tweeter that ‘Section 35 and 44 of CGST Act are proposed to be amended in Finance Bill, 2021. However, these proposals will come into effect from a date to be notified later. For FY 2019-20, the existing provisions shall continue.’
GSTR-9
- Form GSTR-9 is an annual return which is required to be filed as per section 44 read with rule 80(1) of CGST rules, 2017. Initially annual return was required to be filed by every registered person irrespective the amount of turnover. Thereafter CBIC issued Notification No. 47/2019 and 77/2020- Central Tax gives benefit of optional filing of annual return for registered person whose aggregate turnover in a financial year does not exceed Rs 2 crore, for F.Y. 2017-18, F.Y. 2018-19 and FY 2019-20 as well.
GSTR-9C
- Form GSTR-9C is a statement of reconciliation between the annual return GSTR-9 filed and the amount as per the audited financial statement of the taxpayer. GSTR-9C is required to file by the taxpayer as per section 35(5) read with rule 80(3) of CGST rules, 2017. Initially annual return was required to be filed by every registered person having turnover exceeding Rs. 2 Cr. Thereafter CBIC issued Notification No. 16/2020- Central tax dated 23rd March, 2020 to revise the threshold limit to Rs. 5 Cr. For F.Y. 2018-19 & onwards.
Applicability of GSTR-9 & GSTR-9C for FY 2019-20
| Table No | Particulars | GSTR-9 | GSTR-9C |
| 1. | Turnover up to Rs. 2 Cr. | Optional | Optional |
| 2. | Turnover more than Rs. 2 Cr. And up to Rs. 5 Cr. | Mandatory | Optional |
| 3. | Turnover more than Rs. 5 Cr. | Mandatory | Mandatory |
Table-wise details requirement in form GSTR-9
Forms contain tables which are required to be filled by the taxpayers. As the GST is new for all, there are lots of confusions amongst the taxpayer regarding collection of data and how to fill the tables. CBIC issued notification 79/2019 and amended the form GSTR-9 and GSTR-9C and made some tables, clause of the form optional. Table-wise details required is as below:
| Table No. | Particulars | FY 2019-20 |
| 4. | Details of advances, inwards and outward supplies on which tax is payable as declared in returns filed during the FY.
|
Mandatory |
|
There is an option to fill these details separately or can be clubbed with Table 4B to 4E. | |
| 5. | Details of outward supplies on which tax is not payable made during the financial year-
|
Mandatory |
|
The consolidated details can be disclosed in the exempted row. | |
|
There is an option to fill these details separately or can be clubbed with Table 5A to 5F | |
| 6. | Details of ITC availed as declared in the returns during the financial year.
|
Mandatory |
|
For Input and input services there is option to provide breakup or total in inputs only.
Capital Goods should be shown separately. There is an option to either report in Table 6C and in Table 6D separately or report the consolidated details of Table 6C and 6D in Table 6D only |
|
| 7. | Details of ITC Reversed and Ineligible ITC as declared in returns filed during the financial year
|
Either fill separately or report the entire amount in 7H only |
|
Mandatory | |
| 8. | Others ITC related information | Mandatory |
| 9. | Details of tax paid as declared in returns filed during the financial year | Mandatory |
| 10 & 11 | Supplies / tax declared/reduced through Amendments (+) (-) (net of credit /debit notes) | Mandatory |
| 12 & 13 | Reversal of ITC availed during previous financial year and ITC availed for the previous financial year. | Optional |
| 15 | Particulars of demand and refund | Optional |
| 16 | Information on supplies received from composition taxpayers, deemed supply under section 143 and goods sent on approval basis. | Optional |
| 17 | HSN wise summary of outward Supplies | Optional |
| 18 | HSN wise summary of inward supplies | Optional |
Table-wise details requirement in form GSTR-9C
| Table No. | Particulars | FY 2019-20 |
| 5 | Reconciliation of Gross Turnover
|
Mandatory |
| 7 | Reconciliation of Taxable Turnover | Mandatory |
| 9 | Reconciliation of Tax paid | Mandatory |
| 11 | Additional amount payable but not paid (due to reasons specified under Tables 6,8 and 10 above) | Mandatory |
| 12 | Reconciliation of Net Input Tax Credit (ITC)
|
Mandatory |
|
Optional | |
| 14 | Reconciliation of ITC declared in Annual Return (GSTR9) with ITC availed on expenses as per audited Annual Financial Statement or books of account | Optional |
| 16 | Tax payable on un-reconciled difference in ITC (due to reasons specified in 13 and 15 above) | Mandatory |
Author Bio
FOR FINANCIAL YEAR 2020-21 TABLE NO. 17 & 18 OF GSTR-9 FOR HSN CODEWISE SUMMARY OF INWARD & OUTWARD SUPPLIES ARE MANDATORY OR OPTIONAL
FOR FINANCIAL YEAR 2020-20 TABLE NO. 17 & 18 FOR HSN CODEWISE INWARD & OUTWARD SUPPLIES ARE MANDATORY OR OPTIONAL
Sir please provide notification 79/2019
Sir, I have declare sales in GSTR-1 of FY 19-20 but same was not shown in GSTR-3B. Later when comes to know I have added liability in GSTR3B of FY 20-21. Now how to this in GSTR-9 in Table 4 (which is showing correct liability), Table 9 (Showing less liability) & do I have to mentioned anything in Table 10 to 13 ??.
Table 14 of 9C is mandatory?
Table 14 of GSTR-9C is optional as per this article but there is no mention of the same in Notification no. 79/2020 dated 15th Oct 2020.
Please clarify?
FOR FIN YE 2019-20 TABLES 17 & 18 FOR HSN CODEWISE SUPPLIES ARE MANDATORY OR OPTIONAL. REF NOTIFICATIONS 77/2020 TO 79/2020 THERE IS NO REF TO TABLES 17 OR 18 IN THIS NOTOFICATION WHICH SAY THAT THEY ARE OPTIONAL. PL CLARIFY
GSTR9C,When i select fy 2019-20 color of the column turn into Red
Dear Sir,
In table no 6 of gstr 9 whare information of our input. We are required of input biferaction ike input if goods, input of caoital goods, input of services etc. Please clearify that i am correct or not.
Notification No 74/2019 talks about Waiver of Late Fee for GSTR 1, it does not give exemption from reporting certain requirements of GSTR 9 & 9C for FY 2019-20. Please look into it.
sir
with regard to table 17 and 18 in GSTR-9 , notification 56/2019 says , it is optional only 2017-18 and 2018-19. is there any further notification???
Hi Robin,
As per notification no 74/2019 it says only about wavier of late fee and does not mention about GSTR 9 and 9C, so can you provide us correct notification to have reference
Sir, Pls check GSTR-9 for FY 2019-20 is not optional for turnover upto 2cr. It was optional only for FY 2018-19.
Please share your contact details
Turnover consider for annual return net or gross