Topic “annual return under GST” Conference/seminar CCBMP(Udaipur branch of CIRC of ICAI) Topic “annual return under GST” Date – 16th March 2019 Venue : ICAI Bhawan, G Block , sector 14, Hiran Magri, Udaipur(Raj) CA PP SINGH B.SC(H), FCA, CS Author of the Book – DNA of TDS & TCS /DNA of GST with Pleading & Practice , Certified GST consultant From ICAI New Delhi Contact No. +91-9711521060, 9871229590 cappsingh@gmail.com

GST certification course by ICAI CA P.P Singh B.Sc (Hons)., FCA, CS GST certification course by ICAI Post-qualification experience of around 19 years in the field of direct & indirect tax particularly income tax, service tax and VAT as well as sales tax. Experience of handling the matters of indirect taxes particularly GST, service tax, DVAT, CST, Central Excise and other related matters. Authored the book The DNA of TDS&TCS (including withholding tax, advance tax and equalisation levy) & DNA of GST with pleading & practice Background material on GST for empowerment of girl students ICAI, New Delhi Corporate trainer and guest Faculty with Indian Institute of Management(IIM), NIFMS, Faridabad(Institute of Minister Finance),ICAI New Delhi and ICSI, New Delhi and other trade association.

Annual Return under GST

Statutory provisions Section 44 Rule 80 Inserted vide Notification. no. 39/2018-CT dt. 04.09.2018 Substituted vide Notification. no. 74/2018-CT dt 31.12.2018 Form 9 Form 9A CA PP SINGH

Who is required to file annual Return [S-44(1)] 1. Every registered person [other than an input service distributor (ISD), person required to deduct tax at source (TDS), person required to collect tax at source (TCS), casual taxable person (CTP) and non-resident taxable person] shall furnish an annual return for every financial year electronically in the Form GSTR-9 (composition suppliers in GSTR-9A and e-commerce operators required to collect tax at source under section 52 in Form GSTR-9B) on or before 31st December following the end of the financial year. *[Explanation.—For the purposes of this section, it is hereby declared that the annual return for the period from the 1st July, 2017 to the 31st March, 2018 shall be furnished on or before the 31st March, 2019.] *Inserted by Central Goods and Services Tax (Removal of Difficulties) Order, 2018, w.e.f. 11-12-2018. now, in the Explanation, for the figures, letters and word “31st March, 2019”, the figures, letters and word “30th June, 2019” shall be substituted.[ order 3/2018 dated 31-12-2018]

In audit case, A/R along with audited annual accounts[S-44(2)] 2. Every registered person who is required to get his accounts audited in accordance with the provisions of sub-section (5) of section 35 shall furnish, electronically, the annual return under sub-section (1) along with a copy of the audited annual accounts & a reconciliation statement, reconciling the value of supplies declared in the return furnished for the financial year with the audited annual financial statement, and such other particulars as may be prescribed. CA PP SINGH

Annual return [R-80] (1) Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return as specified under sub-section (1) of section 44 electronically in FORM GSTR-9 through the common portal either directly or through a Facilitation Centre notified by the Commissioner: Provided that a person paying tax under section 10 shall furnish the annual return in FORM GSTR-9A. (2) Every electronic commerce operator required to collect tax at source under section 52 shall furnish annual statement referred to in sub-section (5) of the said section in FORM GSTR-9B. Note: GST made applicable from 01-07-2017 so aggregate turnover of only GST period should be considered. Note: Separate threshold limit for audit should be for special category states.

Over view of new annual return feature GSTR-9 can’t be revised Additional tax liability only in cash not from ITC Additional tax through DRC-03 Last chance to rectify mistake in GSTR 1 &3B Interest due can be paid Auto populated ITC detail from 2A Auto details from GSTR-1 and 3B Some portion editable and figure can be edited GSTR-9 for every GST no No ITC through GSTR-9 but liability can be paid GSTR 9- Other than composition & 9A for composition Due date 30-06-2019 CA PP SINGH

Forms Form GSTR 9- Annual return other than composition taxable person Form GSTR 9A- Annual return composition suppliers Form 9B- e-commerce operators required to collect tax at source under section 52 Form 9C- reconciliation statement, duly certified, in FORM GSTR-9C,

GST Annual Return (GSTR-9) – At Glance Applicability – To all registered person[other than an ISD, a tax deductor u/s 51 or tax collector u/s 52, a casual taxable person and a non-resident taxable person] Annual return is divided in 6 parts having 19 Tables For the period between July 2017 to March 2018 are to be provided in this return.

NIL” GSTR-9 RETURN Applicable if taxable person during the Financial Year satisfy all the following conditions: Not made any outward supply (commonly known as sale); AND Not received any inward supplies (commonly known as purchase) of goods/services; AND No liability of any kind; AND Not claimed any Credit during the Financial Year; AND Not received any order creating demand; AND Not claimed any refund.

Outward supplies on which tax is not payable FORM 9 Annual return advances, inward and outward supplies on which tax is payable Outward supplies on which tax is not payable Details of ITC availed as declared in returns ITC Reversed and Ineligible ITC as declared in returns Other ITC related information GSTR 2A tax paid as declared in returns transactions for the previous FY declared in returns of April to September of current FY or annual return Demands and Refunds supplies received from composition taxpayers, deemed supply u/s 143 and goods sent on approval basis HSN Wise Summary of outward supplies

Part 1. Basic Details Table No.1 Particulars What To File 1 Financial Year  Period between July 2017 to March 2018. 2 GSTIN   3A Legal Name 3B Trade Name (if any)

Details of Outward and inward supplies declared during the financial year

Pt. II Details of Outward and inward supplies declared made during the financial year (Amount in ₹ in all tables) Nature of Supplies Taxable Value Central Tax State Tax / UT Tax Integrated Tax Cess 1 2 3 4 5 6 Details of advances, inward and outward supplies on which tax is payable as declared in returns filed during the financial year. Details of advances, inward and outward supplies made during the financial year on which tax is payable A Supplies made to un-registered persons (B2C) B Supplies made to registered persons (B2B) C Zero rated supply (Export) on payment of tax (except supplies to SEZs) D Supply to SEZs on payment of tax E Deemed Exports

Inward supplies on which tax is to be paid on reverse charge basis F Advances on which tax has been paid but invoice has not been issued (not covered under (A) to (E) above) G Inward supplies on which tax is to be paid on reverse charge basis H Sub-total (A to G above) I Credit Notes issued in respect of transactions specified in (B) to (E) above (-) J Debit Notes issued in respect of transactions specified in (B) to (E) above (+) K Supplies / tax declared through Amendments (+) L Supplies / tax reduced through Amendments (-) M Sub-total (I to L above) N Supplies and advances on which tax is to be paid (H + M) above

Help file 4A. Supplies made to unregistered persons (B2C)- These will include details of supplies made to unregistered persons/consumers through E-Commerce operators, if any. Details are to be declared as net of credit notes or debit notes issued during the Financial Year. Table 5, Table 7 along with respective amendments in Table 9 and Table 10 of FORM GSTR-1 may be used for filling up these details. This table shall be auto filled based on the outward supplies reported in GSTR-1.

Hel p file . 4B. Supplies made to registered persons (B2B) Aggregate value of supplies made to registered persons (including supplies made to UINs) on which tax has been paid shall be declared here. These will include supplies made through E-Commerce operators but shall not include supplies on which tax is to be paid by the recipient on reverse charge basis. Details of debit and credit notes are to be mentioned separately. Table 4A and Table 4C of FORM GSTR-1 may be used for filling up these details. For debit /credit note table 4-J and 4 -I of annual return 9. CA PP SINGH

Help file zero rated 4C. Zero rated supply (Export) on payment of tax (except supplies to SEZs)- Aggregate value of exports (except supplies to SEZs) on which tax has been paid shall be declared here. Table 6A of FORM GSTR-1 may be used for filling up these details. 4D. Supply to SEZs on payment of tax- Aggregate value of supplies to SEZs on which tax has been paid shall be declared here. Table 6B of GSTR-1 may be used for filling up these details. CA PP SINGH

help file 4E. Deemed Exports- Aggregate value of supplies which are in the nature of deemed exports on which tax has been paid shall be declared here. Table 6C of FORM GSTR-1 may be used for filling up these details. CA PP SINGH

Help file advances 4F. Advances on which tax has been paid but invoice has not been issued (not covered under (A) to (E) above)- Details of all unadjusted advances i.e. advance has been received and tax has been paid but invoice has not been issued in the current year shall be declared here. Table 11A of FORM GSTR-1 may be used for filling up these details. tax treatment of advance in GST: refer section 12 & 13 of CGST. CA PP SINGH

TIME OF SUPPLY OF GOODS – SEC 12(2) As per Section 12(2) of CGST ACT, time of supply of goods shall be earlier of date of issue invoice/date of payment, i.e., – (a)date of issue of invoice by the supplier with respect to supply ; or (a) If supplier has not issued invoice by due date then due date for issue of invoice by the supplier with respect to supply [Section 31*]: - Supply involves movement: Time of removal of goods for supply - Continuous Supply: Date of issue of statement - Sale on approval basis: Earlier of time at which it becomes known that the supply has taken place OR 6 months from date of removal - Other cases: Delivery of goods/ making available to the recipient or - Notified categories of supplies: Time to be specified by Rules (b) Date on which supplier receives payment with respect to supply* *Where payment is received in advance, the supplier shall issue a receipt voucher, and not a tax invoice.

Time of supply [ S-12(1)] Explanation 1.—For the purposes of clauses (a)and (b), "supply" shall be deemed to have been made to the extent it is covered by the invoice or, as the case may be, the payment. CA PP SINGH

NO NEED TO PAY TAX ON ADVANCE AGAINST SUPPLY OF GOODS-SMALL TAX PAYER HAVING TURNOVER UPTO 1.50 CR. Notification No. 40/2017 – Central Tax New Delhi, the 13th October, 2017 G.S.R….(E).- In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the ‘said Act’), the Central Government, on the recommendations of the Council, hereby notifies the registered person whose aggregate turnover in the preceding financial year did not exceed Rs.1.50 cr or the registered person whose aggregate turnover in the year in which such person has obtained registration is likely to be less than rupees 1.50 cr and who did not opt for the composition levy under section 10 of the said Act as the class of persons who shall pay the central tax on the outward supply of goods at the time of supply as specified in clause (a) of sub-section (2) of section 12 of the said Act including in the situations attracting the provisions of section 14 of the said Act, and shall accordingly furnish the details and returns as mentioned in Chapter IX of the said Act and the rules made thereunder and the period prescribed for the payment of tax by such class of registered persons shall be such as specified in the said Act.

i. e no need to pay tax at the time of receipt of advance NO NEED TO PAY TAX ON ADVANCE AGAINST SUPPLY OF GOODS- FOR ALL TAX PAYER Notification No. 66/2017 – Central Tax New Delhi, the 15th November, 2017 G.S.R. (E):— In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act) and in super cession of notification No. 40/2017-Central Tax, dated the 13th October, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.1254(E), dated the 13th October, 2017, except as respects things done or omitted to be done before such super cession, the Central Government, on the recommendations of the Council, hereby notifies the registered person who did not opt for the composition levy under section 10 of the said Act as the class of persons who shall pay the central tax on the outward supply of goods at the time of supply as specified in clause (a) of sub-section (2) of section 12 of the said Act including in the situations attracting the provisions of section 14 of the said Act, and shall accordingly furnish the details and returns as mentioned in Chapter IX of the said Act and the rules made thereunder and the period prescribed for the payment of tax by such class of registered persons shall be such as specified in the said Act. [F. No. 349/58/2017-GST] i. e no need to pay tax at the time of receipt of advance

Special procedure for notified class of person.[s-148] The Government may, on the recommendations of the GST Council, subject to such conditions and safeguards as may be prescribed, notify certain classes of registered persons, and the special procedures to be followed by such class of persons for certain process including those with regard to registration, furnishing of return, payment of tax and administration of such notified class of persons.

Help file Inward supply tax under reverse charge 4G. Inward supplies on which tax is to be paid on reverse charge basis- Aggregate value of all inward supplies (including advances and net of credit and debit notes) on which tax is to be paid by the recipient (i.e.by the person filing the annual return) on reverse charge basis. This shall include supplies received from registered persons and unregistered persons on which tax is levied on reverse charge basis. This shall also include aggregate value of all import of services. Table 3.1(d) of FORM GSTR-3B may be used for filling up these details of inward supply liable RCM. CA PP SINGH

Credit note/debit note – supply subject to tax[table 4I & 4j ] 4I. Credit Notes issued in respect of transactions specified in (B) to (E) above (-) – Aggregate value of credit notes issued in respect of B2B supplies [table (4B)], exports [table (4C), supplies to SEZs [table (4D) and deemed exports [table (4E) of GSTR9 shall be declared here. Table 9B of FORM GSTR-1 may be used for filling up these details. 4J.Debit Notes issued in respect of transactions specified in 4(B) to 4(E) of GSTR 9 above (+): - Aggregate value of debit notes issued in respect of B 2B supplies (4B), exports (4C), supplies to SEZs (4D) and deemed exports (4E) shall be declared here. CA PP SINGH

Upward and downward revision [4K & 4L. Supplies / tax declared through amendments (Upward or Downward): - Details of amendments made to B 2 B supplies [table (4B), exports (4C), supplies to SEZs (4D) and deemed exports (4E), credit notes (4I), debit notes (4J) and refund vouchers shall be declared here. Table 9A and Table 9C of FORM GSTR-1 may be used for filling up these details. CA PP SINGH

Outward supplies on which tax is not payable as declared/ made in returns filed during the FY

Zero rated supply (Export) without payment of tax 5 Details of Outward supplies on which tax is not payable as declared in returns / made during the financial year A Zero rated supply (Export) without payment of tax B Supply to SEZs without payment of tax C Supplies on which tax is to be paid by the recipient on reverse charge basis D Exempted E Nil Rated F Non-GST supply G Sub-total (A to F above) H Credit Notes issued in respect of transactions specified in A to F above (-) I Debit Notes issued in respect of transactions specified in A to F above (+) J Supplies declared through Amendments (+) K Supplies reduced through Amendments (-) L Sub-Total (H to K above) M Turnover on which tax is not to be paid (G + L above) N Total Turnover (including advances) (4N + 5M - 4G above) CA PP SINGH

Help file – Zero rated supply -no tax 5A. Zero rated supply (Export) without payment of tax:- Aggregate value of exports (except supplies to SEZs) on which tax has not been paid shall be declared here. Export on LUT Table 6A of FORM GSTR-1 may be used for filling up these details. 5B. Supply to SEZs without payment of tax:- Aggregate value of supplies to SEZs on which tax has not been paid shall be declared here. supply on LUT. Table 6B of GSTR-1 may be used for filling up these details.

Help file – tax to be paid by recipient under RCM 5C. Supplies on which tax is to be paid by recipient on reverse charge:- Section 9(3) /5(3) whole period applicable Section 9(4)/5(4) before 13-10-2017 Aggregate value of supplies made to registered persons on which tax is payable by the recipient on reverse charge basis. Table 4B of FORM GSTR-1 may be used for filling up these details. Details of debit and credit notes are to be mentioned separately in table 5-I & 5H of GSTR 9. CA PP SINGH

Help file – exempt nil rated, non GST supply etc 5D, 5E & 5F. Exempted, Nil Rated and Non -GST Supply (includes ‘no-supply’):- Aggregate value of Exempted, Nil Rated and Non-GST supplies shall be declared here. Table 8 of FORM GSTR-1 may be used for filling up these details. The value of “no supply” shall also be declared here. CA PP SINGH

Debit /credit notes 5H. Credit Notes issued in respect of transactions specified in A to C above (-):- Aggregate value of credit notes issued in respect of supplies declared in 5A, 5B, 5C, 5D, 5E and 5F shall be declared here. Table 9B of FORM GSTR-1 may be used for filling up these details. 5I. Debit Notes issued in respect of transactions specified in A to C above (+):- Aggregate value of debit notes issued in respect of supplies declared in 5A, 5B, 5C, 5D, 5E and 5F shall be declared here. CA PP SINGH

Upward/downward revision – no tax cases 5J & 5K. Supplies declared through amendments (Upward or Downward):- Details of amendments made to exports (except supplies to SEZs) and supplies to SEZs on which tax has not been paid shall be declared here. Table 9A and Table 9C of FORM GSTR-1 may be used for filling up these details. CA PP SINGH

Details of ITC as declared in returns filed during the FY

Import of goods (including supplies from SEZs) 6 Details of ITC availed as declared in returns filed during the financial year A Total amount of input tax credit availed through FORM GSTR-3B (sum total of Table 4A of FORM GSTR-3B) <Auto> B Inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs) Inputs Capital Goods Input Services C Inward supplies received from unregistered persons(B2C) liable to reverse charge (other than B above) on which tax is paid & ITC availed D Inward supplies received from registered persons(B2B) liable to reverse charge (other than B above) on which tax is paid and ITC availed E Import of goods (including supplies from SEZs) F Import of services (excluding inward supplies from SEZs) G Input Tax credit received from ISD H Amount of ITC reclaimed (other than B above) under the provisions of the Act I Sub-total (B to H above) J Difference (I - A above) K Transition Credit through TRAN-I (including revisions if any) L Transition Credit through TRAN-II M Any other ITC availed but not specified above N Sub-total (K to M above) O Total ITC availed (I + N above)

Help file.[ITC as per 3B] 6A. Total amount of input tax credit availed through FORM GSTR-3B (sum total of Table 4A of FORM GSTR- 3B):- Total input tax credit availed in Table 4A of FORM GSTR-3B by the taxpayer would be auto-populated here. This field is Non-editable. Issue: if credit of ITC left and ITC as per record is more than ITC as 3B, revise 3B before filing annul return it time permit u/s 16(4). You can increase your output tax liability in annual return but you can’t increase ITC in annual return.

Table 6. [Inward supplies- ITC- help file] 6B. Inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs):- Aggregate value of ITC availed on all inward supplies except those on which tax is payable on reverse charge basis but includes supply of services received from SEZs shall be declared here. It may be noted that the total ITC availed is to be classified as ITC on inputs, capital goods and input services. Table 4(A) of FORM GSTR-3B may be used for filling up these details. This shall not include ITC which was availed, reversed and then reclaimed in the ITC ledger. This is to be declared separately under 6(H). CA PP SINGH

Inward supply –RCM-tax paid &ITC availed 6C. Inward supplies received from unregistered persons(B2C) liable to reverse charge (other than 6B above) on which tax is paid & ITC availed: - Aggregate value of input tax credit availed on all inward supplies received from unregistered persons (other than import of services) on which tax is payable on reverse charge basis shall be declared here. It may be noted that the total ITC availed is to be classified as ITC on inputs, capital goods and input services. Table 4(A)(3) of FORM GSTR-3B may be used for filling up these details. 6D. Inward supplies received from registered persons (B2B)liable to reverse charge (other than 6B above) on which tax is paid and ITC availed: Aggregate value of input tax credit availed on all inward supplies received from registered persons on which tax is payable on reverse charge basis shall be declared here. It may be noted that the total ITC availed is to be classified as ITC on inputs, capital goods and input services. CA PP SINGH

Help file-Import of goods /service-ITC 6E. Import of goods (including supplies from SEZ): - Details of input tax credit availed on import of goods including supply of goods received from SEZs shall be declared here. It may be noted that the total ITC availed is to be classified as ITC on inputs and capital goods. Table 4(A)(1) of FORM GSTR-3B may be used for filling up these details. 6F. Import of services (excluding inward supplies from SEZ): - Details of input tax credit availed on import of services (excluding inward supplies from SEZs) shall be declared here. Table 4(A)(2) of FORM GSTR3B may be used for filling up these details. CA PP SINGH

ITC ON INWARD SUPPLY FROM ISD 6G. Input Tax credit received from ISD: Aggregate value of input tax credit received from input service distributor shall be declared here. Table 4(A)(4) of FORM GSTR-3B may be used for filling up these details. CA PP SINGH

ITC re-claimed 6H. Amount of ITC reclaimed (other than 6B above) under the provisions of the Act: - Aggregate value of input tax credit availed, reversed and reclaimed under the provisions of the Act shall be declared here. CA PP SINGH

Difference of ITC as per 3B and details as given in different head 6J. Difference (I - A above): - The difference between the total amount of input tax credit availed through FORM GSTR-3B and input tax credit declared in row 6B to 6H shall be declared here. CA PP SINGH

Transitional ITC 6K. Transition Credit through TRAN-1 (including revisions if any): - Details of transition credit received in the electronic credit ledger on filing of FORM GST TRAN-I including revision of thereof (whether upwards or downwards), if any shall be declared here. This field shall be auto filled based on the credit availed through Tran 1. However, this field is allowed for edit. 6L. Transition Credit through TRAN-2: - Details of transition credit received in the electronic credit ledger after filing of FORM GST TRAN-2 shall be declared here. This field shall be auto filled based on the credit availed through Tran 2. However, this field is allowed for edit. CA PP SINGH

Eligibility and Time Limit for Availing ITC[18(1)(a)(b)] Eligibility and Time Limit of ITC Availment Registered Taxable Person – 16(1) Admissible to take ITC on supplies used / intended to be used in the course / furtherance of business ITC amount will be credited to the electronic Credit Ledger based in reporting in Form 3B Person applied for registration within 30 days of becoming liable to register, and registration granted ITC available in respect of: a) Inputs b)Semi-finished Good c) Finished Goods On the day immediately preceding the date from which he becomes liable to pay tax Person applied for Voluntary registration u/s 25(3) Same as above On the day immediately preceding the date of registration

Eligibility of ITC in case of New Registrations – Sec 18(1)(a) Person liable for registration u/s 25(1) Who applies for registration within 30 days Entitled to credit of input tax w.r.t inputs held in stock, semi-finished or finished goods Relevant Date: As on the preceding date on which he becomes liable to pay tax

Person liable for registration u/s 25(3) Eligibility of ITC in case of New Registrations (Voluntary Registration) [Sec 18(1)](b) Person liable for registration u/s 25(3) Entitled to credit of input tax w.r.t inputs held in stock, semi-finished or finished goods Relevant Date: As on the preceding date on which registration is granted

Eligibility and Time Limit for Availing ITC[18(1)(c)(d)] Eligibility and Time Limit of ITC Availment Registered taxable person ceases to pay composition tax(Composition to normal tax payer) ITC available in respect of: a) Inputs/ Capital Goods b)Semi-finished Good c)Finished Goods On the day immediately preceding the date from which he becomes liable to pay tax u/s 9 Where exempt supply of a registered person become taxable supply Same as above On the day immediately preceding the date on which supply becomes taxable

Switching from Composition to Normal Tax / / Exempt Supply to Taxable Supply [Sec 18(1)(c)(d)] Person ceases to pay tax u/s 10 Entitled to credit of input tax w.r.t inputs held in stock, semi-finished or finished goods and Capital Goods Relevant Date: As on the preceding date on which liable to pay u/s 9 Goods or Services becoming taxable Entitled to credit of input tax w.r.t inputs held in stock, semi-finished or finished goods and Capital Goods Relevant Date: As on the preceding date from which supply becomes taxable Credit on Capital Goods to be available after reducing 5% per quarter of a year or part from the date of invoice or such other document on which capital goods were received by taxable person

Time limit for claiming credit u/s 18(1)[sec 18(2)] A registered person shall not be entitled to take input tax credit under sub-section (1) in respect of any supply of goods or services or both to him after the expiry of one year from the date of issue of tax invoice relating to such supply. In other words credit must be claimed before expiry of 1 year from date of issue of tax invoice Needs to bifurcate stock within 1 year and beyond 1 year, no credit in respect of stock beyond 1 year period. Clear old stock or minimise the old stock. Note: time limit for claiming credit u/s 16(4) is different from claiming credit u/s 18(2). Time limit under section 16(4) is due date of furnishing of the return under section 39 for the month of September following the end of financial year to which such invoice or invoice relating to such debit note pertains or furnishing of the relevant annual return, whichever is earlier.

Conditions for claiming credit under [Sec 18(1)] Purchase invoice should not be earlier than 1 year from the relevant date Declaration in Form GST ITC-01 to be filed within 30 days from the date of him becoming eligible Details of Inputs held in stock / semi finished or finished goods and capital goods to be furnished in Form GST ITC-01 within 30 days from the relevant date Declaration in Form GST ITC-01 to be certified by a practicing Chartered Accountant or Cost Accountant if the value of credit claimed exceeds Rs. 2,00,000

TRANSFER OF CREDIT [SEC.18(3)] The registered Taxable person is allowed to transfer the input tax credit remaining unutilised in the in his electronic credit ledger to such sold, merged, demerged, amalgamated, leased or transferred business in such manner as may be prescribed If there is change in constitution of registered person due to Sale, Merger, De-merger, Amalgamation, lease or Transfer of business with the specific provisions for transfer of liabilities, ITC shall be apportioned in the ratio of value of assets of the new units in case of demerger scheme Transferor to submit certificate from a practicing Chartered Accountant certifying whether the sale / merger / de-merger / amalgamation / lease / transfer has been done with specific provision for transfer of liabilities Transferee to furnish details of credit available in Form GST ITC-02

Details of ITC Reversed and Ineligible ITC as declared in returns filed during the FY

Details of ITC Reversed and Ineligible ITC for the financial year 7 Details of ITC Reversed and Ineligible ITC for the financial year A As per Rule 37( non payment within 180 days) Reversal of input tax credit in the case of non-payment of consideration. B As per Rule 39(wrong ISD) Procedure for distribution of input tax credit by Input Service Distributor C As per Rule 42( Exempt/taxable /non business) D As per Rule 43( capital goods) partly used for the purposes of business and partly for other purposes, or partly used for effecting taxable supplies including zero rated supplies and partly for effecting exempt supplies, E As per section 17(5) block credit F Reversal of TRAN-I credit G Reversal of TRAN-II credit H Other reversals (pl. specify) Any ITC reversed through FORM ITC -03 shall be declared in 7H. I Total ITC Reversed (A to H above) J Net ITC Available for Utilization (6O - 7I)

Other ITC related information

8. Other ITC related information Other ITC related information ITC as per GSTR-2A (Table 3 & 5 thereof) <Auto> <Auto > B ITC as per sum total of 6(B) and 6(H) above 6B –INWARD SUPPLY OTHER THAN RCM AND IMPORT 6H- ITC RECLAIMMED C 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 D Difference [A-(B+C)] E ITC available but not availed (out of D) F ITC available but ineligible (out of D) G IGST paid on import of goods (including supplies from SEZ) H IGST credit availed on import of goods (as per 6(E) above) <Auto> I Difference (G-H) J ITC available but not availed on import of goods (Equal to I) K Total ITC to be lapsed in current financial year (E + F + J) 8 Other ITC related information A ITC as per GSTR-2A (Table 3 & 5 thereof) <Auto> B ITC as per sum total of 6(B) and 6(H) above

8A. ITC as per GSTR-2A 8A. ITC as per GSTR-2A (Table no. 3 & 5 thereof): - The total credit available for inwards supplies (other than imports and inwards supplies liable to reverse charge but includes services received from SEZs) received during the relevant Financial Year and reflected in FORM GSTR-2A (table 3 & 5 only) shall be auto-populated in this table as per GSTR 1 filed by supplier upto 28-02-2019 . Next auto-up dation of GSTR-2A will be carried on 31-03-2019 . If you have some missing credits in GSTR-2A, you may like to wait till next up dation. This would be the aggregate of all the input tax credit that has been declared by the corresponding suppliers in their FORM GSTR-1. This field shall be auto-filled based on your GSTR-2A and the same is not allowed for Edit.

ITC -6B and 6H 8B. ITC as per sum total of 6(B) and 6(H) above. 6B –INWARD SUPPLY OTHER THAN RCM AND IMPORT 6H- ITC RECLAIMMED The input tax credit as declared in Table 6B and 6H shall be auto-populated here and the same shall not be allowed to be edited. If you want to make any changes then you need to do it in table no. 6B and 6H. CA PP SINGH

ITC- inward supply availed in next FY 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. Aggregate value of input tax credit availed on all inward supplies (except those on which tax is payable on reverse charge basis but includes supply of services received from SEZs) received during the relevant Financial Year but credit on which was availed between April to September, of the next financial year shall be declared here. Table 4(A)(5) of FORM GSTR-3B may be used for filling up these details. CA PP SINGH

ITC available but not availed 8E. ITC available but not availed 8 F ITC available but ineligible : - The credit which was available and not availed in FORM GSTR-3B and the credit was not availed in FORM GSTR-3B as the same was ineligible shall be declared here. You can’t enter negative value in this table. CA PP SINGH

IGST paid on import of goods and ITC claimed 8G. IGST paid on import of goods (including supplies from SEZ): - Aggregate value of IGST paid at the time of imports (including imports from SEZs) during the financial year shall be declared here. 8H. IGST credit availed on import of goods (as per 6(E) above): The input tax credit as declared in Table 6E shall be auto-populated here and the same is not allowed for edit. CA PP SINGH

Total ITC to be lapsed in current financial year 8K. Total ITC to be lapsed in current financial year (E + F + J): - The total input tax credit which shall lapse for the current financial year shall be computed (auto filled) in this row. CA PP SINGH

Details of tax, interest, fee, penalty paid as declared in returns filed during the financial year

Table 9 Details of tax paid as declared in returns during the financial year Description Tax Payable Paid through cash Paid through ITC Central Tax State Tax / UT Integrated Tax Cess Tax 1 2 3 4 5 6 7   State/UT Tax Interest Late fee Penalty Other*

Help file 9. Details of tax paid as declared in returns filed during the financial year. Actual tax (including Interest, Late fee, Penalty, Others) paid through cash or ITC during the financial year shall be declared year. Payment of tax under Table 6.1 of FORM GSTR-3B may be used for filling up these details. Paid through Cash and Paid through ITC columns shall be auto filled based on table no 6.1 of GSTR -3B and the same is non-editable. CA PP SINGH

transactions for the previous FY declared in returns of April to September of current FY or upto date of filing of annual return whichever is earlier

Pt. V Particulars of the transactions for the previous FY declared in returns of April to September of current FY or upto date of filing of annual return of previous FY whichever is earlier Description Taxable Value Central Tax State Tax / UT Tax Integrated Tax Cess 1 2 3 4 5 6 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 previous financial year 13 ITC availed for the previous financial year 14 Differential tax paid on account of declaration in 10 & 11 above Payable Paid

Particulars for the previous FY transactions declared in returns of April to September of next FY or upto date of filing of Annual Return for 2017-18, whichever is earlier. 10 & 11. Supplies / tax declared through Amendments (+) (net of debit notes) & Supplies / tax reduced through Amendments (-) (net of credit notes): - Details of additions or amendments to any of the supplies already declared in the returns of the previous financial year but such amendments were furnished in Table 9A, Table 9B and Table 9C of FORM GSTR-1 of April to September of the current financial year or date of filing of Annual Return for the previous financial year, whichever is earlier shall be declared here. 12. Reversal of ITC availed during previous financial year: - Aggregate value of reversal of ITC which was availed in the previous financial year but reversed in returns filed for the months of April to September of the current financial year or date of filing of Annual Return for previous financial year, whichever is earlier shall be declared here. Table 4(B) of FORM GSTR-3B may be used for filling up these details.

ITC availed of previous FY in next FY 13. ITC availed for the previous financial year: - Details of ITC for goods or services received in the previous financial year but ITC for the same was availed in returns filed for the months of April to September of the current financial year or date of filing of Annual Return for the previous financial year whichever is earlier, shall be declared here. Table 4(A) of FORM GSTR-3B may be used for filling up these details. CA PP SINGH

14. Differential tax paid on account of declaration in 10 & 11 above during next FY Description Payable Paid 1 2 3 Integrated Tax Central Tax State/UT Tax Cess Interest

14. Details of tax & interest payable and paid Differential tax (including Interest) paid on account of transactions related to the previous financial year but declared in the returns of April to September of current FY, shall be reported in this table CA PP SINGH

Particulars of Refunds Table AR Nature of Supplies Instructions 15A, Total Refund claimed Aggregate value of refunds claimed, sanctioned, rejected and pending for processing shall be declared here. Refund claimed will be the aggregate value of all the refund claims filed in the financial year and will include refunds which have been sanctioned, rejected or are pending for processing. Refund sanctioned means the aggregate value of all refund sanction orders. Refund pending will be the aggregate amount in all refund application for which acknowledgement has been received and will exclude provisional refunds received. These will not include details of non-GST refund claims.   15B, Total Refund sanctioned 15C Total Refund Rejected 15D Total Refund Pending

Refund details 15A to 15D. Total Refund Claimed, Sanctioned, Rejected and Pending. Aggregate value of refunds claimed, sanctioned, rejected and pending for processing shall be declared here. Refund claimed will be the aggregate value of all the refund claims filed in the financial year and will include refunds which have been sanctioned, rejected or are pending for processing Refund sanctioned means the aggregate value of all refund sanction orders. Refund pending will be the aggregate amount in all refund application for which acknowledgement has been received and will exclude provisional refunds received. These will not include details of non-GST refund claims. CA PP SINGH

Particulars of Demands of taxes Table AR Nature of Supplies Instructions 15E Total demand of taxes Aggregate value of demands of taxes for which an order confirming the demand has been issued by the adjudicating authority shall be declared here. Aggregate value of taxes paid out of the total value of confirmed demand as declared in 15E above shall be declared here. Aggregate value of demands pending recovery out of 15E above shall be declared here. 15F Total taxes paid in respect of E above   15G Total demands pending out of E above

Demand details 15F. Total taxes paid in respect of E above. 15G. Total demands pending in respect of E above. Aggregate value of demands of taxes for which an order has been issued by the adjudicating authority shall be declared here. Aggregate value of taxes paid out of the total value of demand as declared in 15E above shall be declared here. Aggregate value of demands pending recovery out of 15E above shall be declared here. no details of appeal filed No detail of stay of recovery Demand of any year to be reported . CA PP SINGH

Information on supplies received from composition taxpayers, deemed supply under section 143 & goods sent on approval basis

16 Information on supplies received from composition taxpayers, deemed supply under section 143 and goods sent on approval basis Details Taxable Value Central Tax State Tax / UT Tax Integrated Tax Cess 1 2 3 4 5 6 A Supplies received from Composition taxpayers B Deemed supply under Section 143 C Goods sent on approval basis but not returned

Information on supplies received from composition taxpayers, deemed supply under section 143 and goods sent on approval basis Table AR Nature of Supplies Instructions 16A Supplies received from Composition taxpayers Aggregate value of supplies received from composition taxpayers shall be declared here. Table 5 of FORM GSTR-3B may be used for filling up these details. 16B Deemed supply  under Section 143 Aggregate value of all deemed supplies from the principal to the job-worker in terms of sub-section (3) and sub-section (4) of Section 143 of the CGST Act shall be declared here. 16C Goods sent on approval basis but not returned Aggregate value of all deemed supplies for goods which were sent on approval basis but were not returned to the principal supplier within 180days of such supply shall be declared here.

HSN Wise Summary of outward supplies

17 HSN Wise Summary of outward supplies HSN Code UQC Total Quantity Taxable Value Rate of Tax Central Tax State Tax / UT Tax Integrated Tax Cess 1 2 3 4 5 6 7 8 9

HSN Wise Summary of outward supplies Summary of outward supplies made against a particular HSN code to be reported only in this table. It will be optional for taxpayers having annual turnover upto ₹ 1.50 Cr. It will be mandatory to report HSN code at two digits level for taxpayers having annual turnover in the preceding year above ₹ 1.50 Cr but upto ₹ 5.00 Cr and at four digits level for taxpayers having annual turnover above ₹ 5.00 Cr. UQC details to be furnished only for supply of goods. Quantity is to be reported net of returns (sold but returned). Table 12 of FORM GSTR-1 may be used for filling up details in Table 17.

HSN Wise Summary of Inward supplies

18 HSN Wise Summary of Inward supplies HSN Code UQC Total Quantity Taxable Value Rate of Tax Central Tax State Tax / UT Tax Integrated Tax Cess 1 2 3 4 5 6 7 8 9

18. HSN Wise Summary of inward supplies Summary of supplies received against a particular HSN code to be reported only in this table. It will be optional for taxpayers having annual turnover upto ₹ 1.50 Cr. It will be mandatory to report HSN code at two digits level for taxpayers having annual turnover in the preceding year above ₹ 1.50 Cr but up to ₹ 5.00 Cr and at four digits level for taxpayers having annual turnover above ₹ 5.00 Cr. UQC details to be furnished only for supply of goods. Quantity is to be reported net of returns (purchased but returned).

HSN Wise Summary of outward and Inward supplies Table No Instructions 17 & 18 Summary of supplies effected and received against a particular HSN code to be reported only in this table. It will be optional for taxpayers having annual turnover upto ' 1.50 Cr. It will be mandatory to report HSN code at two digits level for taxpayers having annual turnover in the preceding year above ' 1.50 Cr but upto ' 5.00 Cr and at four digits' level for taxpayers having annual turnover above ' 5.00 Cr. UQC details to be furnished only for supply of goods. Quantity is to be reported net of returns. Table 12 of FORM GSTR-1 may be used for filling up details in Table 17.

Late fee payable and paid Table No 19 Late fee payable and paid Late fee will be payable if annual return is filed after the due date.   Description Payable Paid 1 2 3 A Central Tax B State Tax

Verification: I hereby solemnly affirm and declare that the 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 any reduction in output tax liability the benefit thereof has been/will be passed on to the recipient of supply.

Levy of late fee . 47. (2) Any registered person who fails to furnish the return required under section 44 by the due date shall be liable to pay a late fee of ₹100/-for every day during which such failure continues subject to a maximum of an amount calculated at a quarter per cent of his turnover in the State or Union territory.

Non Compliance- Offences, Penalties Taxable person, who commit any one of 21 offences, is liable to penalty u/s 122(1). Taxable person means person registered or liable to be registered [2(107)] Penalty means punishment for violating rules. The said offences are as follow :- Making a supply without issue of any invoice or false/incorrect invoice. Issuing an invoice without making supply. Collects tax but fails to pay the same to the Government beyond a period of 3 month from the date on which such payment becomes due. Collects any tax in contravention of the provisions of this Act but fails to pay the same to the Government beyond a period of 3 months from the date on which such payment becomes due. Non deduction or short deduction of the TDS or not deposited tax at source u/s 51. None collection or short collection of the TCS or not deposited tax at source u/s 52. Take/utilizes input tax credit without actual receipt(fully/partially) of goods/service. Fraudulently obtains refund of tax under this Act.

……….Non Compliance- Offences, Penalties & 9. Takes or distributes input tax credit in contravention of section 20(ISD distribution). 10. Falsifies/substitutes financial records/produces fake document and furnishes any false information or return with an intention to evade payment of tax due 11. Liable to be registered under this Act but fails to obtain registration. 12. furnishes any false information with regard to registration particulars, either at the time of applying for registration, or subsequently. 13. Obstructs or prevents any officer in discharge of his duties under this Act. 14. Transports any taxable goods without the cover of documents as may be specified in this behalf. 15. Suppresses his turnover leading to evasion of tax under this Act. 16. Fails to keep, maintain or retain books of account and other documents in accordance with the provisions of this Act. 17. Fails to furnish information or documents called for by an officer in accordance with the provisions of this Act 18. Supplies, transports or stores any goods which he has reasons to believe are liable to confiscation under this Act 19.Issues any invoice or document by using the registration number of another registered person. 20. Tampers with, or destroys any material evidence or document. 21. Disposes off or tampers with any goods that have been detained, seized, or attached under this Act.

Electronic filing on common portal

GST Annual Return (GSTR-9) – Help Annual return in Form GSTR-9 once filed cannot be revised. Computation of ITC based on GSTR-2A has been auto-populated by the System based on GSTR-1 filed by your corresponding suppliers upto 28-02-2019 . Next auto-up dation of GSTR-2A will be carried on 31-03-2019 . If you have some missing credits in GSTR-2A, you may like to wait till next up dation.

GST Annual Return (GSTR-9) – Prepare Online:- Steps to be taken: Select from the questionnaire page, whether you wish to file NIL Annual return; You may download the draft system generated GSTR-9, summary of GSTR-1 and summary of GSTR-3B from GSTR-9 dashboard for your reference; If number of records/lines are less than or equal to 500 records per table (Table 17 and Table 18), then you may use this facility; Fill in the details in different tables and click on ‘Compute Liabilities’; and Click on ‘Proceed to file’ and ‘File GSTR-9’ with DSC/EVC. ADDITIONAL LIABILITY, IF ANY DECLARED IN THIS RETURN CAN BE PAID THROUGH FORM GST DRC-03 BY SELECTING ‘ANNUAL RETURN’ FROM THE DROPDOWN IN THE SAID FORM. SUCH LIABILITY CAN BE PAID ONLY THROUGH CASH.

GST Annual Return (GSTR-9) – Prepare Offline:- If number of records/lines either in Table-17 or Table-18 are more than 500 records per table, then you can prepare your return by using the offline utility only and the same can be subsequently uploaded on Common Portal. You can download the GSTR-9 offline tool from the ‘Downloads’ section in the pre-login page on the portal and installed it on your computer. Click on ‘Prepare Offline’; Click on ‘Download’ to download auto-drafted GSTR-9 details, if any; Follow instructions in ‘GSTR-9 offline tool’ to add details and generate JSON file for upload; and Click on ‘Upload’ to upload JSON file and file the return with help of instruction available on GSTR-9 dashboard.

Particulars Do you want to file a nil return? Yes/No Option Do you want to file a nil return? Yes/No Note : Nil return can be filed for the financial year , if you have :- NOT made any outward supply (commonly known as sale); AND NOT received any goods/services (commonly known as purchase); AND NO other liability to report; AND NOT claimed any credit; AND NOT claimed any refund; AND NOT received any order creating demand Note : You are not eligible to file ‘Nil’ GSTR-9 return since you have filed returns /statements other than Nil for the relevant financial year

Steps to prepare GSTR-9 return online Download the draft system computed GSTR-9, summary of Form GSTR-1 and GSTR-3B for the financial year by clicking on relevant buttons. This is only for reference for filling the return, and will facilitate in providing details in actual tables. Click on tables (Box) selected and fill in the required details; Summary of added details would be available on the relevant box; Click on ‘Preview’ button to view summary in PDF or Excel format; and After adding and confirming the details, follow filing process as indicated at the bottom of this page.

Steps to prepare GSTR-9 Download the draft system computed GSTR-9, summary of Form GSTR-1 and GSTR-3B for the financial year by clicking on relevant buttons. This is only for reference for filling the return, and will facilitate in providing details in actual tables. Click on tables (Box) selected and fill in the required details; Summary of added details would be available on the relevant box; Click on ‘Preview’ button to view summary in PDF or Excel format; and After adding and confirming the details, follow filing process as indicated at the bottom of this page. Cont..........................

Steps to file GSTR-9   Click on 'Compute Liabilities'; for computation of Late fee, if any; 'Proceed to File' button would be enabled once late fee is calculated by system; Click on “Proceed to File” to pay liabilities and file the return ; Additional details can be added even after clicking on ‘Compute Liabilities’ or ‘Proceed to file’ button. However, in that case, you would be required to follow steps 1 to 3 again to file the return ; Click on ‘Download Filed GSTR-9 (pdf)’ button to view summary of filed details in PDF format; and You can also download all filed details as an excel file by clicking on ‘Download GSTR-9 details (Excel)’.

CA P P SINGH Contact details 9711521060,9871229590/ cappsingh@gmail.com