Direct Tax Services
Audit
Consulting
ESG Advisory
RBI Services
SEBI Services
IRDA Registration
FEMA Advisory
Compliances
IBC Services
VCFO Services
Growing
Developing
ME-1
ME-2
EU-1
EU-2
SE
Others
Select Your Location
Every taxable person is liable to discharge his tax liability, furnish all the details in the relevant return before the relevant due date. GST laws prescribe guidelines for filing GST annual return. Details of the same are mentioned below:
Table of Contents
As per the provisions of Sec 44(1) of the CGST Act with rule 80(1) of the CGST Rules, every registered person is liable to file and annual return for every financial year except:
Every registered person shall furnish an annual return for the financial year, by 31st December of the next financial year.
However, vide order no. 01/2018 dated 11th December, 2018, the Central Government, on recommendations of the GST council, has extended the last date of filing the annual return to 31st March, 2019 for the financial year 2017-2018. Later, the date has been further extended to 30th June, 2019 for the financial year 2017-2018 vide order no. 03/2018-central tax dated 31st December, 2018.
The return is to be filed electronically in the form and manner as prescribed by every registered person before the prescribed due date.
As per rule 80(2) of the CGST rules, following is the form to be filed:
Here, it is imperative to note that the TCS provisions were made applicable with effect from 1st October, 2018. Hence, no requirement stands for filing GSTR 9B for the financial year 2017-2018. Moreover, Form GSTR 9B is not yet notified.
GSTR-9 is divided into 2 parts, Part A and Part B.
I) Basic Details
1) Financial year 2) GSTIN 3A) Legal Name 3B) Trade Name (If any)
II) Details of outward and inward supplies declared during the financial year
4) Details of advances, inward and outward supplies made during the financial year on which tax is payable. 5) Details of outward supplies made during the financial year on which tax is not payable
III) Details of ITC during the financial year
6) Details of ITC availed during the financial year 7) Details of ITC reversed, and ineligible ITC for the financial year
IV) Details of tax paid as declared in returns filed during the financial year
8) Other ITC related information 9) Details of Tax paid (either through utilization of e-credit ledger or payment via e-cash ledger) as declared in returns filed during the financial year
V) Particulars of 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, whichever is earlier 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 the previous financial year 13) ITC availed for the previous financial year 14) Differential tax paid on account of declaration in 10 & 11 above
VI) Other Information
15) Particulars of demands and refunds 16) Information on supplies received from composition tax payers, deemed supply (goods sent from principal to job worker) under Sec 143 and goods sent on approval basis 17) HSN wise summary of outward supplies 18) HSN wise summary of inward supplies 19) Late fees payable and paid
GSTR-9A is divided into 2 parts, Part I and Part II.
Basic Details
1) Financial year 2) GSTIN 3A) Legal Name 3B) Trade Name (If any) 4) Period of composition scheme during the year (From—–To——) 5) Aggregate turnover of previous financial year
Details of outward and inward supplies declared during the financial year
6) Details of outward supplies made during the financial year 7) Details of inward supplies on which tax is payable on reverse charge basis (net of debit/credit notes) for the financial year 8) Details of other inward supplies for the financial year
Details of tax paid as declared in returns filed during the financial year
9) Details of Tax paid as declared in returns filed during the financial year
Particulars of 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, whichever is earlier
10) Supplies/tax (outward) declared through amendments (+) (net of debit notes) 11) Inward supplies liable to reverse charge declared through amendments (+) (net of debit notes) 12) Supplies/tax (outward) reduced through amendments (-) (net of credit notes) 13) Inward supplies liable to reverse charge declared through amendments (-) (net of credit notes) 14) Differential tax paid on account of declaration in 10, 11, 12 & 13 above
Other Information
15) Particulars of demands and refunds 16) Details of credit reversed or availed 17) Late fees payable and paid
Mr Siddharth Gambhir is a tax consultant at Enterslice having in depth experience in Taxation and Auditing.Holding experience in Taxation and Auditing, he holds keen interest in writing new content by updating himself with the latest changes.
Many investors use fixed deposits as their primary investment vehicle. Investors with a high-ri...
The main idea of CDS, which was initially to give banks a way to transfer credit exposure, has...
Black money has been the subject of heated political debate in India for a long time. Successiv...
The Apex Court pronounced a judgement in the case titled Tata Motors Vs The Brihan Mumbai Elect...
Since economies are moving towards digitalisation and making it feasible to conduct transaction...
The Alternative Investment Funds (AIFs) Pro-rata and Pari-Passu Rights Proposal Consultation Pa...
The Financial Action Task Force, i.e. FATF (the Force), is the global money laundering and terr...
Advance tax refers to the payment of the tax liability before the end of the relevant financia...
On 11.12.15, the Hon’ble Delhi High Court (HC) pronounced a landmark judgement in the case ti...
Money laundering can be defined as the process of illegal concealment of the origin of money ob...
Are you human?: 1 + 9 =
Easy Payment Options Available No Spam. No Sharing. 100% Confidentiality
Digital Signature Certificate is used to authenticate users on the GST portal. In addition to the DSC, users can al...
04 Mar, 2021
The government introduced GST to bring a revolution in India's taxation system, and it is an initiative taken for t...
12 Apr, 2021
Red Herring Top 100 Asia enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 2000 privately financed companies each year in the Asia. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Google, Facebook, Kakao, Alibaba, Twitter, Rakuten, Salesforce.com, Xiaomi and YouTube would change the way we live and work.
Researchers have found out that organization using new technologies in their accounting and tax have better productivity as compared to those using the traditional methods. Complying with the recent technological trends in the accounting industry, Enterslice was formed to focus on the emerging start up companies and bring innovation in their traditional Chartered Accountants & Legal profession services, disrupt traditional Chartered Accountants practice mechanism & Lawyers.
Stay updated with all the latest legal updates. Just enter your email address and subscribe for free!
Chat on Whatsapp
Hey I'm Suman. Let's Talk!