Observations on GST Annual Return “GSTR-9”

Part

Observations

Taxable Value

CT

ST/UT

IGST

Cess

Part I

Basic Details

1

Financial Year

information regarding nature of business or major commodities or services not required to be furnished

2

GSTIN

3A

Legal Name

3B

Trade Name (if any)

Part II

Details of Outward and Inward Supplies declared during the financial year

Nature of Supplies

4

Detail of advances, inward and outward supplies on which tax is payable as declared in returns filed during the financial year

It should have been pertaining to financial year, because returns might not be filed during financial year only

4A

Supplies made to unregistered persons(B2C)

Include supplies through E-Commerce operators. Information shall be net of debit and credit notes. Information for Inter state supplies to URD exceeding Rs. 2.5 L can be fetched from Table 5 along with amendments in Table 9 and others summary information can be fetched from Table 7 of GSTR-1 along with amendments in Table 10.

4B

Supplies made to registered persons

Supplies made to UINs also to be given here. Table 4 of GSTR-1 shall be used including supplies through E-Commerce operator except Not to include supplies on which tax is payable on RCM by recipient (such supplies to be disclosed in 5C) Debit/Credit notes not to be clubbed.

4C

Zero Rates Supply (Export) on payment of tax (except supply to SEZs)

Information from Table 6A of GSTR-1. Exports without tax to be disclosed in 5A

4D

Supply to SEZs on payment of tax

Information from Table 6B of GSTR-1. Supply to SEZ to be disclosed in 5B

4E

Deemed Exports

Information from Table 6C of GSTR-1. To cover deemed exports under 48/2017-CT dated 18-10-17 i.e. Supply of goods against Advance authorization/ EPCG/ to EOU/ EHTP/ STP/ BTP

4F

Advance on which tax has been paid but invoice has not been issued (not covered by A to E)

Advances against goods was also taxable up to 15-11-2017 till struck down by 66/2017-CT. Information regarding unadjusted advances may betaken from Table 11A of GSTR-1

4G

Inward Supplies on which tax is to be paid on reverse charge

To carry information from para 3.1(d) of GSTR-3B. It shall include all supplies taxable u/s 9(3)/9(4) and import of service but not import of goods for which IGST is paid

4H

Sub Total (A to G above)

Less:

4I

Credit Notes issued in respect of transactions specified in (B) to (E ) above

Table 9B of GSTR-1 may be used. Credit notes to URD to be clubbed with 4A. There can be refund voucher against advances for supplies not made u/s 31(3)(e ) against 4F. Also There is no provision for post supply discount u/s 15(3)(b)

Add:

4J

Debit Notes issued in respect of transactions in (B) to ( E) above

Information to be carried from 9B. Debit note in transactions with URD to be clubbed with 4A.

Add:

4K

Supplies/Tax declared through Amendments

To carry information from Table 9A and 9C of GSTR-1. New Invoices inserted in subsequent months to be may not be covered here. Only amendments to invoices/debit/credit notes shall be covered here If amendments don’t affect total taxable value/tax then nothing to be disclosed. For supplies/tax declared during April to Sep 2018, information to be disclosed in 10.

Less:

4L

Supplies/Tax reduced through Amendments

To carry information from Table 9A and 9C of GSTR-1. New Invoices inserted in subsequent months to be may not be covered here. Only amendments to invoices/debit/credit notes shall be covered here If amendments don’t affect total taxable value/tax then nothing to be disclosed. For supplies/tax declared during April to Sep 2018, information to be disclosed in 10.

4M

Subtotal (I to L) above

4N

Supplies and Advances on which tax is to be paid (H+M)

5

Details of Outward Supplies on which tax is not payable as declared in returns filed during the financial year

It should be pertaining to financial year

5A

Zero rated Supply (Export) without payment of tax

Source: Table 6A of GSTR-1. Tax paid supplies to be disclosed in 4C

5B

Supply to SEZs without payment of tax

Source: Table 6B of GSTR-1. Tax paid supplies to be disclosed in 4D

5C

Supply on which tax is to be paid by recipient on reverse charge basis

Source: Table 4B of GSTR-1. Not to include debit/credit notes for such supplies

5D

Exempted

Source: Table 8 of GSTR-1. To include non-Nil rated but exempted supplies

5E

NIL Rated

Source: Table 8 of GSTR-1.

5F

NON GST Supply

Source: Table 8 of GSTR-1. It shall coverer 9(2) and Schedule III supplies and also “no supply”. Whether rebate on account of post supply discount/short payment to be covered here

5G

Sub Total (A to F above)

Less:

5H

Credit Notes issued in respect of transactions specified in (A) to (F ) above

Source : Table 9B of GSTR-1

Add:

5I

Debit Notes issued in respect of transactions in (A) to (F) above

Source : Table 9B of GSTR-1

Add:

5J

Supplies/Tax declared through Amendments

Source : Table 9A and 9C of GSTR-1

Less:

5K

Supplies/Tax reduced through Amendments

Source : Table 9A and 9C of GSTR-1

5L

Sub Total H to K

5M

Turnover on which tax is not to be paid (G + L above)

5N

Total Turnover (including advances) [4N+ 5M-4G)

It shall include all supplies whether or not tax is payable. Also to include unadjusted advances.4G is inward supplies on which tax is to be paid, hence in order to calculate total outward supplies, inward supplies have been reduced. Supplies from April 17 to June 17 shall also not be included

Part III

Detail of ITC as declared in returns filed during the financial year

It should be pertaining to financial year

6

Detail of ITC availed as declared in returns filed during the financial year

Value of Inward supplies has not been declared in returns. So, whether NIL figure to be reported or accounting figure to be reported

6A

Total amount of input tax availed through 3B (sum total of Table 4A of GSTR-3B)

Value of inward supplies is not provided in 3B, so it can not auto populate

Auto

Auto

Auto

Auto

Auto

6B

Inward Supplies (other than imports and inward supplies on which tax is to be paid on reverse charge but incudes services received from SEZ)

Inputs

Capital goods

Source: Table 4A.5 “other ITC” of GSTR 3B. Bifurcation of inward supplies required. It shall include supplies from unregistered persons on which reverse charge is not paid. ITC availed from Apil to September 2018 to be provided in 8C. Reclaimed ITC not to be taken here

Input Services

6C

Inward supplies received from unregistered persons liable to reverse charge (other than B above) on which tax is paid and ITC availed)

Inputs

Source: Table 4A.3 of GSTR-3B. It shall cover inward supplies liable to tax u/s 9(4). Import of service not to be included here

Capital goods

Input Services

6D

Inward supplies received from registered persons liable to reverse charge (other than B above) on which tax is paid & ITC availed

Inputs

Source: Table 4A.3 of GSTR-3B. It shall covered RCM u/s 9(3)

Capital goods

Input Services

6E

Import of goods (including supplies from SEZ)

Inputs

Source: Table 4A.1 of GSTR 3B. Import of service from SEZ is already covered by 6B

Capital goods

6F

Import of service (excluding inward supplies from SEZ)

Source: Table 4A.2 of GSTR 3B. Import of service from SEZ is already covered by 6B

6G

Input Tax credit received from ISD

Source Table 4A.4 of GSTR 3B

6H

Amount of ITC reclaimed (other than B above) under the provisions of this Act

It shall covered S. 16(2) 3rd Proviso and S. 42(7)

6I

Subtotal (B to H)

6J

Difference (I-A)

This shall give excess ITC claimed in returns. If ITC is short claimed the amount shall be negative. As per Instructions, Ideally it should be zero

6K

Transition Credit through TRAN-1 (including revisions, if any)

6L

Transition Credit through TRAN-II

6M

Any other ITC availed but not specified above

ITC claimed under ITC-01 (S. 18(1)) or ITC-02 (S. 18(3)) may be taken

6N

Sub Total (K to M above)

6O

Total ITC availed (I + N above)

7

Details of ITC reversed and ineligible ITC as declared in returns filed during the financial year

7A

As per Rule 37

Source: Table 4B.2 of GSTR 3B.Reversal of ITC in case of non-payment of consideration in 180 days

7B

As per Rule 39

Distribution of Input Tax credit by ISD

7C

As per Rule 42

Source: Table 4B.1 of GSTR 3B. Reversal of ineligible ITC in Inputs and Input Services

7D

As per Rule 43

Source: Table 4B.1 of GSTR 3B.Reversal of Ineligible ITC on capital goods

7E

As per S. 17(5)

Reversal of Blocked Credit. Source: Table 4D.1 of GSTR 3B.

7F

Reversal of TRAN-1 credit

Ineligible ITC of Tran-I

7G

Reversal of TRAN-II credit

Ineligible ITC of Tran-II

7H

Other reversals (pl specify)

Reversal of ITC through ITC-03 on switching to exemption/composition u/s 18(4) or sale of capital goods u/s 18(6) or cancellation of RC u/s 29(5) read with Rule 44 may get covered here. Source: Table 4B.2 of GSTR 3B.

7I

Total ITC reversed (A to H above)

7J

Net ITC available for Utilization (6O-7I)

8

Other ITC Information

8A

ITC as per GSTR-2A (Table 3 & 5 of GSTR-2A)

It shall not include tax paid on imports and inward supplies. It reflects the outward supplier declared by suppliers

Auto

Auto

Auto

Auto

Auto

8B

ITC as per sum total of 6B and 6H above

Source: 4A.5 of GSTR 3B and ITC reclaimed

Auto

8C

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

Source: 4A.5 of GSTR 3B and ITC reclaimed for April 2018 to Sep 2018

8D

Difference [A- (B+ C)]

8E

ITC available but not availed (out of D)

Sum total of 8E and 8F should be equal to 8D

8F

ITC available but ineligible (out of D)

8G

IGST paid on import of goods (including supplies from SEZ)

8H

IGST credit availed on import of goods (as per 6E)

Auto populated from 6E

8I

Difference G-H

IGST on imports not availed

8J

ITC available but not availed on import of goods (Equal to I)

Why they are having two different rows for same item ? What does it mean ?

8K

Total ITC to be lapsed in current financial year (E +F + J)

It shall not be available even for subsequent determination of short paid tax u/s 73/74

Part IV

9

Detail of tax paid as declared in returns filed during the financial year

Tax Payable

Paid through cash

Paid through ITC

IGST

Source Table 6.1 of GSTR 3B

CT

ST/UT

Cess

Interest

Late Fee

Penalty

Other

Part V

Part of the transactions for the previous FY declared in returns of April to September of current FY or up to date of filing of annual return of previous FY which ever is earlier

Add:

10

Supplies/Tax declared through Amendments (net of debit notes)

Shouldn’t it be debit notes and not net of debit notes. Source Table 9A and 9C of GSTR-1 for April to Sep 2018

Less:

11

Supplies/Tax reduced through Amendments (net of credit notes)

Shouldn’t it be credit notes and not net of credit notes. Source Table 9A and 9C of GSTR-1 for April to Sep 2018

12

Reversal of ITC availed during previous financial year

Source: Table 4B of GSTR 3B for April to Sep 2018

13

ITC availed for the previous financial year

Source: Table 4A of GSTR 3B for April to Sep 2018

14

Differential tax paid on account of declaration in 10 & 11 above

Description

Payable

Paid

IGST

CT

ST/UT

Cess

Interest

Part VI

Other Information

15

Particulars of Demand and Refund

15A

Total Refund Claimed

15B

Total Refund Sanctioned

15C

Total Refund rejected

The information regarding re credit of information not asked

15D

Total Refund pending

Provisional refunds received to be excluded

15E

Total demand of taxes

Whether it shall include demand of taxes u/s 142(8) in respect of taxes under existing law

15F

Total taxes paid in respect of E

15G

Total Demand pending out of E

15E-15F

16

Information on supplies received from composition taxpayers, deemed supply u/s 143 and goods sent on approval

16A

Supplies received from composition tax payers

Source : Table 5 of GSTR 3B

16B

Deemed supply u/s 143

Deemed Supplies after 1 year/3 year of being sent u/s 143(3)/(4)

16C

Goods sent on approval basis but not returned

17

HSN Wise summary of outward supplies

HSN code is optional for turnover up to 1.5 crore. 2 Digit HSN Code to be used for turnover from 1.5 crore to 5 crore. 4 digit HSN code to be used for turnover more than 5 crore. Quantity to be reported net of returns. UQC details to be provided for goods only.

Source: Table 12 of GSTR-1. Column of Total Value in Table 12 of GSTR-1 has been left out of purview

HSN Code

UQC

Total Qty

Taxable Value

Rate of Tax

CT

ST/UT

IGST

Cess

1

2

3

4

5

6

7

8

9

18

HSN Wise summary of Inward supplies

HSN Code

UQC

Total Qty

Taxable Value

Rate of Tax

CT

ST/UT

IGST

Cess

1

2

3

4

5

6

7

8

9

19

Late fee payable and Paid

Payable

Paid

19A

Central Tax

There is no provision for late fee in IGST. This late fee is for annual return

19B

State Tax

Verification

OBSERVATIONS

I hereby solemnly affirm and declare that information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed there from and in case of reduction in output tax liability the benefit there of has been. will be passed on to the recipient of supply

Words “there from” restricts the concealment clause. There is no declaration regarding passing on the benefit of increase in ITC

Place

Signature

Name of Authorized Signatory

Date

Designation/Status