FORM GSTR 9 - taxbarghy.orgtaxbarghy.org/.../2018/12/GST-Annual-Return-by-CA-Shubham-Khaita… · Part II 4 – 5 Outward supplies and Inward supplies liable under RCM Part III 6

04/12/2018 CA Shubham Khaitan (SKA)

FORM GSTR 9By CA Shubham Khaitan, B.COM (Honours

Partner - Tax & Regulatory, S. Khaitan & Associates

Email ID: [email protected], Phone No. 03340687062, +919831912725

Website: www.cakhaitan.comCA Shubham Khaitan (SKA) 1

FORM GSTR 9Honours), ACA, ACS, CFA(USA), DISA (ICAI)

Tax & Regulatory, S. Khaitan & Associates

Email ID: [email protected], Phone No. 03340687062, +919831912725

Website: www.cakhaitan.com

Annual return under 44(1)

� Every registered person

(other than ISD/TDS/TCS/CTP/NRTP)

� shall furnish an annual return

� For every financial year

04/12/2018 Shubham Khaitan [B.Com(Hons),ACA,ACS,CFA(USA),DISA(ICAI)]

� For every financial year

� On or before 31st December following

(GSTR 9 – All normal dealers

GSTR 9A – Composition dealers)


ISD/TDS/TCS/CTP/NRTP)

(Hons),ACA,ACS,CFA(USA),DISA(ICAI)] 2

following the next year


� Registered person who is required

� shall furnish, electronically, the

� along with a copy of the audited

reconciliation statement,


� reconciling the value of supplies

furnished for the financial

financial statement

� and such other particulars as


required to get his accounts audited

the annual return

audited annual accounts and a

(Hons),ACA,ACS,CFA(USA),DISA(ICAI)] 3

supplies declared in the return

year with the audited annual

may be prescribed.

Information on Annual Return

� Covered from 1st July 2017 to 31st March 2018

� Due date of filing is 31st December 2018

� Notice issued under GSTR 3A for non filing of return within 15 days of default

04/12/2018

� Notice issued under GSTR 3A for non filing of return within 15 days of default

� Late filing Fees is Rs. 100 per day (CGST/SGST Act)

turnover of the state (CGST/SGST Act)

Shubham Khaitan [B.Com(Hons),ACA,ACS,CFA(USA),DISA(ICAI)]

Information on Annual Return

March 2018

Notice issued under GSTR 3A for non filing of return within 15 days of default

4

Notice issued under GSTR 3A for non filing of return within 15 days of default

Late filing Fees is Rs. 100 per day (CGST/SGST Act) upto a maximum of 0.25% of

(Hons),ACA,ACS,CFA(USA),DISA(ICAI)]

Principles for preparation of annual return

� Person liable to register but not registered

� Person who surrendered registration in 2018

� Various sources of figures

� Treatment in books to affect annual return?

04/12/2018

� No option to take ITC anymore?

� Amendments possible in Form GSTR 9?

� One form or multiple form for multiple trade names?

� Option to make payment of taxes through Form GSTR 9?


Principles for preparation of annual return

Person liable to register but not registered – annual return?

Person who surrendered registration in 2018-19 – annual return?

Treatment in books to affect annual return?

5

One form or multiple form for multiple trade names?

Option to make payment of taxes through Form GSTR 9?


Various parts of the form

Parts Tables Information to be provided

Part I 1 – 3 Basic Details

Part II 4 – 5 Outward supplies and Inward supplies liable under RCM

Part III 6 – 8 ITC availed during the year


Part III 6 – 8 ITC availed during the year

Part IV 9 Tax declared in returns

Part V 10 – 14 Transactions corrected in April to Sept 2018

Part VI 15 - 19 Other Information

Various parts of the form

Information to be provided

Outward supplies and Inward supplies liable under RCM

ITC availed during the year

6(Hons),ACA,ACS,CFA(USA),DISA(ICAI)]

ITC availed during the year

Tax declared in returns

Transactions corrected in April to Sept 2018

Other Information

Part I - Serial No. 1 to 3B

1. Financial Year

� 1st July 2017 to 31st March 2018

2. GSTIN

3A. Legal Name (to be auto-populated)

� Reference to the PAN as given in the Registration certificate

04/12/2018

� Reference to the PAN as given in the Registration certificate

3B. Trade Name (to be auto-populated)

� Name used by trade and industry for identification of their business

� Given in the registration certificate


Serial No. 1 to 3B – Basic details

Reference to the PAN as given in the Registration certificate

7

Reference to the PAN as given in the Registration certificate

Name used by trade and industry for identification of their business


Outward supplies

Outward supplies with tax element

•Table 4


Outward supplies without tax element

•Table 5

Outward supplies

Outward supplies with tax element


Outward supplies without tax element

Part II - Sl No. 4A – 4C (Outward supplies with tax)


4C (Outward supplies with tax)


4A. Supplies made to unregistered persons (B2C)

5: B2C (Large)

7: B2C (Small)

9: Amendment to 5

9: Debit/Credit notes

10: Amendment to 7

GSTR 1


Supplies made to

unregistered persons

(B2C)

GSTR 9

4A. Supplies made to unregistered persons (B2C)

3.1 (a) Outward

Taxable supplies

(B2C only)

GSTR 3B


Supplies made to

unregistered persons

(B2C)

GSTR 9

Instructions to 4A

Aggregate value of supplies made to consumers

which tax has been paid shall be declared

supplies made through E-Commerce operators


of credit notes or debit notes issued

respective amendments in Table 9 and

for filling up these details

Instructions to 4A

consumers and unregistered person on

declared here. These will include details of

operators and are to be declared as net


in this regard. Table 5, 7 along with

Table 10 of Form GSTR 1 may be used

4B. Supplies made to registered persons (B2B)

4A. Supplies other

than reverse charge

and ecom operators

4C. Supplies through

ecom operators

GSTR 1


Supplies made to

registered persons

(B2B)

GSTR 9

To consider:

Conversion from B2C to B2B

during the year

4B. Supplies made to registered persons (B2B)

3.1 (a) Outward

Taxable supplies

(B2B only)

GSTR 3B


Supplies made to

registered persons

(B2B)

GSTR 9

Not to consider:

Debit Notes

Credit Notes

Amendments during the year

4C. Zero rated supply (Export) on payment of tax

6A. Exports

GSTR 1


Zero rated supply

(Export) on payment

of tax (except

supplies to SEZs)

GSTR 9

To consider:

Even if conditions of export

not fulfilled but reported in

monthly returns

4C. Zero rated supply (Export) on payment of tax

3.1 (b). Outward

taxable supplies

(Zero rated)

GSTR 3B


Zero rated supply

(Export) on payment

of tax (except

supplies to SEZs)

GSTR 9

Not to consider:

Supplies to SEZs

Export without payment of tax

Sl No. 4D – 4G (Outward/Inw


Inward supplies under RCM)


4D. Supply to SEZs on payment of tax

6B. Supply made to

SEZ unit or developer

GSTR 1


Supply to SEZs on

payment of tax

GSTR 9

4D. Supply to SEZs on payment of tax

3.1 (b). Outward

taxable supplies

(Zero rated)

GSTR 3B


Supply to SEZs on

payment of tax

GSTR 9

Not to consider:

Supplies to SEZs without

payment of tax

4E. Deemed exports

6C. Deemed export

GSTR 1


Deemed exports

GSTR 9To consider:

� Supply of goods against

advance authorization

� Supply to EOUs

� Supply of CG against EPCG

authorization

� Supply of gold by bank/PSU

4E. Deemed exports

3.1 (b). Outward

taxable supplies

(Zero rated)

GSTR 3B


Deemed exports

GSTR 9

4F. Advances on which tax paid but invoice not issued

11A. Advance received

minus

11B. Advance Adjusted

GSTR 1


Advance on which

tax has been paid

but invoice not

issued

GSTR 9To consider:

� Advance received in Feb

2018 and invoice issued in

April 2018

� Can take from Balance

Sheet straightaway

4F. Advances on which tax paid but invoice not issued

3.1 (a). Outward

taxable supplies

GSTR 3B


Advance on which

tax has been paid

but invoice not

issued

GSTR 9Not to consider:

� Advance received in Feb

2018 and invoice issued in

March 2018

4G. Inward supplies on which tax to be paid on RCM

3.1 (d). Inward

supplies (liable to

reverse charge)

GSTR 3B


Inward supplies on

which tax is to be

paid on reverse

charge basis

GSTR 9

To consider:

� Section 9(3)

� Section 9(4)

4G. Inward supplies on which tax to be paid on RCM

3.1 (d). Inward

supplies (liable to

reverse charge)

GSTR 3B


Inward supplies on

which tax is to be

paid on reverse

charge basis

GSTR 9

Sl No. 4H – 4N (Outward supplies with tax)


4N (Outward supplies with tax)


4I/4J. Credit/Debit Notes in respect of B to E above

9B. Credit/Debit notes

against B2B/Zero rated

supplies/Deemed

export

GSTR 1


Credit/Debit notes in

respect of B to E

above

GSTR 9To consider:

� CN/DN of 2017-18 shown

in 2017-18 only

� 142(2) supplies

4I/4J. Credit/Debit Notes in respect of B to E above

3.1 (a). Outward taxable

supplies (CNs/DNs)

3.1(b). Zero rated

supplies (CNs/DNs)

GSTR 3B


Credit/Debit notes in

respect of B to E

above


� CNs/DNs of B2Cs

� CN/DN against inward supply

� Financial credit notes

� CN/DN issued in 2018-19

� CN/DN of 2017-18 shown in

2018-19

4K/4L. Supplies/tax declared (+)/reduced(

9A. Incorrect invoice/shipping

bill details (B2B/Export/SEZ/DE)

9C. Debit/Credit notes/Refund

voucher amendments

GSTR 1


Supplies/tax declared or

reduced through amendments

GSTR 9To consider:

� Amendments made in

2017-18 for documents

of 2017-18

4K/4L. Supplies/tax declared (+)/reduced(-) through amendments

9A. Incorrect invoice/shipping

bill details (B2B/Export/SEZ/DE)

9C. Debit/Credit notes/Refund

voucher amendments

GSTR 1


Supplies/tax declared or

reduced through amendments


� Amendments made in

2018-19 for documents of

2017-18

Sl No. 5A – 5G (Outward su

Table 6A

Table 6B


Table 4B

supplies without payment)

Table 6A Table 3.1(b)

Table 6B Table 3.1(b)


Table 4B

Table 8 Table 3.1(c)

Table 8 Table 3.1(e)

Sl No. 5H – 5N (Outward supplies without tax)

Table 9A and 9C

Table 9A and 9C


5N (Outward supplies without tax)

Table 9A and 9C

Table 9A and 9C

Table 9B


Table 9B

Inward suppliesGSTR 3B Particulars

4A(1) Import of goods

4A(2) Import of services

4A(3) Inward supplies liable to reverse charge


4A(4) Inward supplies received from ISD

4A(5) All other ITC

4B(1) Reversal under Rule 42 and 42

4B(2) Other reversals

4D(1)/(2) Ineligible ITC under 17(5) and other ineligible

Inward supplies

other than above


ineligible ITC

Inward supplies

ITC declared in returns

• Table 6

ITC reversed


ITC reversed

• Table 7

Reconciliation with 2A

• Table 8

Inward supplies

ITC declared in returns


Reconciliation with 2A

Part III - Sl No. 6A – 6B (ITC as declared)


6B (ITC as declared)


Table 4A(5)

Sl No. 6C – 6E (ITC as declared)


6E (ITC as declared)

Table 4A(3)


Table 4A(3)

Table 4A(1)

Sl No. 6F – 6J (ITC as declared)


6J (ITC as declared)

Table 4A(2)

Table 4A(4)

Table 4A(5)


Sl No. 6K – 6O (ITC as declared)


6O (ITC as declared)


Sl No. 7A – 7J (ITC Reversed)


7J (ITC Reversed)

Table 4B(2)

Table 4B(1)


Table 4B(2)

Table 4B(2)

Sl No. 8A – 8F (ITC information)


8F (ITC information)

Table 4A(5)


Table 4A(5)

Sl No. 8G – 8K (ITC information)


8K (ITC information)

Table 4A(1)


Part IV - Sl No. 9 (Tax paid as per returns)


No. 9 (Tax paid as per returns)


Part V - Sl No. 10 – 13 (Corrections in April


13 (Corrections in April – Sept)


Instructions to 10 and 11

Details of additions or amendments to

the returns of the previous financial

furnished in Table 9A, 9B and Table 9C


of the current financial year or date

previous financial year, whichever is earlier

Instructions to 10 and 11

any of the supplies already declared in

financial year but such amendments were

of Form GSTR 1 of April to September


date of filing of Annual Return for the

earlier shall be declared here

Sl No. 14 (Differential taxes)


No. 14 (Differential taxes)


Sl No. 15 (Demand and Refunds)


No. 15 (Demand and Refunds)


Sl No. 15 (Demand and refunds)


No. 15 (Demand and refunds)


Sl No. 16 (Composition, Job Work, Approval basis)


No. 16 (Composition, Job Work, Approval basis)


Sl No. 17 – 18 (HSNwise outward/inward supplies)


outward/inward supplies)


Sl No. 19 (Late Fees)


No. 19 (Late Fees)


Verification


Verification


Documents

FORM GSTR 9 - taxbarghy.orgtaxbarghy.org/.../2018/12/GST-Annual-Return-by-CA-Shubham-Khaita… · Part II 4 – 5 Outward supplies and Inward supplies liable under RCM Part III 6