Hello Everyone, I hope you all are doing great. As we all know we are awaiting to file GSTR9 on portal for financial year 2017-18 hence this article will contain the details of GSTR9 file. How to file GSTR9 step by step and what is correct process to file GSTR9.
How and where GST audit is needed we will learn all the detail in detail. So let’s start.
What is GSTR9?
The GSTR9 is an annual Tax Return document that has to be filed by every year on or before 31st Dec for previous financial year by registered Tax Payers. This return document contains all inward and outward supplies made under various various Tax head (CGST/SGST/UTGST/IGST) during financial year along with turnover and audit details for the same.
Tax payers who are having turnover above 2 Cr need to filed GSTR-9C annually. It is kind of reconciliation between annual return filed in GSTR9 along with that audited annual financial statement of taxpayer.
Due Date of GSTR9 Filing:
As per GST Act rule filing date of GSTR9 is on or before 31st Dec of every year for last financial year.
E.g GSTR9 for July 2017 to March 2018 need to be filed before 31st Dec and in case if turnover for FY is above 2Cr then along with audited statement also need to be submitted before 31st Dec.
Who need to file GSTR9?
As per GST rule all registered Tax Payers whether regular, Individual or composite dealer need to file GSTR9 on GSTIN portal using your Accounting Software.
Classification & Type of GSTR9 (Forms under GSTR9)
GSTR9 have several forms need to be filed as below (You can download all PDF Form at bottom of article)
GSTR9A : It contain consolidated Information of return filed during previous financial year. It needs to be filed by all regular Tax Payers before 31st December.
GSTR9B : It should be filled by E-Commerce operator who required to collect TCS (Tax Collected at Source)
GSTR9C : This should be filed by all regular tax payers who are having turnover above 2Cr during financial year. Along with that Tax payers need to get their account audited and same need to be submitted as well along with the form.
(You can download all PDF Form on bottom of this article)
Let us understand the details of Form
How and where GST audit is needed we will learn all the detail in detail. So let’s start.
The GSTR9 is an annual Tax Return document that has to be filed by every year on or before 31st Dec for previous financial year by registered Tax Payers. This return document contains all inward and outward supplies made under various various Tax head (CGST/SGST/UTGST/IGST) during financial year along with turnover and audit details for the same.
Tax payers who are having turnover above 2 Cr need to filed GSTR-9C annually. It is kind of reconciliation between annual return filed in GSTR9 along with that audited annual financial statement of taxpayer.
Due Date of GSTR9 Filing:
As per GST Act rule filing date of GSTR9 is on or before 31st Dec of every year for last financial year.
E.g GSTR9 for July 2017 to March 2018 need to be filed before 31st Dec and in case if turnover for FY is above 2Cr then along with audited statement also need to be submitted before 31st Dec.
Who need to file GSTR9?
As per GST rule all registered Tax Payers whether regular, Individual or composite dealer need to file GSTR9 on GSTIN portal using your Accounting Software.
Classification & Type of GSTR9 (Forms under GSTR9)
GSTR9 have several forms need to be filed as below (You can download all PDF Form at bottom of article)
GSTR9A : It contain consolidated Information of return filed during previous financial year. It needs to be filed by all regular Tax Payers before 31st December.
GSTR9B : It should be filled by E-Commerce operator who required to collect TCS (Tax Collected at Source)
GSTR9C : This should be filed by all regular tax payers who are having turnover above 2Cr during financial year. Along with that Tax payers need to get their account audited and same need to be submitted as well along with the form.
(You can download all PDF Form on bottom of this article)
Let us understand the details of Form
| Parts Of Form | Details Of Form |
|---|---|
| Part I | This contains Basic details of organization. It will be auto populated. |
| Part II | Details of outward and Inward Supplies decaled during the financial year. This part has sub section to fill as POINT4 Contains all details of advances, inward and outward supplies on which tax is payable as declared in return filed during the financial year. Point 4 has multiple sub points which you can see in detail in format picture uploaded below. POINT5 Contains details of outward supplies on which tax is not payable as declared in return filed during financial year. Point 5 has sub points which can be seen picture uploaded below. |
| Part III | It contains all details of ITC as declared in returns filed during the financial year POINT 6 Details of ITC availed as declared in return filed during the financial year. Point 6 has sub points which can be seen in below picture POINT 7 Details of ITC Reversed and Ineligible ITC as declared in return filled during the financial year. Point 7 have sub points which can be seen image uploaded below POINT 8 Other ITC related Information which contains ITC as per GSTR2A and other auto populated report. This filed will be uploaded automatically. (You don’t have to fill this filed) |
| Part IV | PART IV It will contain all Tax paid details during financial year under POINT 9 |
| Part V | It will contain all amendment and credit/debit note details which is related to FY 17-18 but processed in Apr 18 to Sep 18 (Simple word all amendment made for last year during current year) It contains several subpoint as 10/11/12/13/14 |
| Part VI | It includes other details like demand raised and refund related query. It contains sub points 15/16/17&18 |
Download Complete PDF Form
GSTR9 : Click Here
GSTR9A : Click Here
GSTR9C : Click Here
Challenges of GSTR9
After seeing complete form for GSTR9 there are few challenges for us which will be a headache for us to solve.
1. HSN/SAC Wise Inward Supplier : As we all know that we have not filed GSTR2 for entire financial year hence HSN and SAC wise details 90% of us has not maintained in books of accounts. I have already suggested to everyone to maintain HSN/SAC wise Inward supply from Day1 to maintain but many of us follow traditional method to maintain books of accounts and did not bother to maintain HSN wise Inward details.
Example : Where you have purchase stock of stationary with various HSN wise and Rate wise we have just posted in single ledger account ignoring rates and HSN details.
You can refer my PDF file to maintain correct way to put HSN wise printing and stationery expenses in Tally. (to get the PDF you can WhatsApp or mail)
2. Difference between Books of Accounts and Annual Return : It has been found 50% of us has made changes and amend emend in books of accounts after filing GST Return so it will be tough to reconcile both.
3. Classification of ITC allowed and ITC not allowed : It is quite tough to segregate expenses based on ITC allowed and ITC not allowed.
4. Finding of Credit/Debit Note/ Amendment done from Apr18 to Sep18 which belongs to Last Financial year. Still many of us not maintaining books of accounts in appropriate manner hence it is quite tough to find all credit debit note pertaining to FY17-18.
5. GSTR2A Report : It is going to big headache for all of us as GSTR2A and GSTR3B filed are not going to be matched so reconciling the same will a big challenge.
Overall it is going to be a big challenge for all of us to file GSTR9 hassle free. My suggestion would be don’t wait for last date of filing start filing your GSTR9. At least ground work can be started as soon as possible.
My recommendation would be to maintain proper books of Accounts to avoid all challenges in future return. To get the in-depth and proper method of passing GST Transaction get E-Book on GST in Tally to hassle free life.
Your suggestion and feedback are always welcome you can share your feedback or query on my contacts mentioned.
Regards,
Parvez Ansari
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