GSTANNUAL RETURN CA PULKIT KHANDELWAL FY 2017-18 CA PULKIT KHANDELWAL

RELEVANT FORMS FORTHE PURPOSEOFANNUAL RETURN AND RECONCILIATION FORMAT GSTR-9 - Annual Return GSTR-9A - Annual Return for (Composition Tax Payers) GSTR-9C - Reconciliation Statement CA PULKIT KHANDELWAL 2

Issue 1: What all data do we need to refer for taking up GSTR 9? CA PULKIT KHANDELWAL

Keep in Hand… GSTR 1 of all the tax periods in the financial year OR Summary of GSTR 1 from GSTN. GSTR 3B of all the tax periods in the financial year OR Summary of GSTR 3B from GSTN. Final Books of Accounts Audited Financial Statements 26 AS of the entity CA PULKIT KHANDELWAL

Issue 2: Where to begin from and where to head towards? CA PULKIT KHANDELWAL

Pre-Treatment Diagnosis Process Flow Pre-Treatment Diagnosis Analysis of GSTR 1 & 3B Reconciling BOA with R1 & 3B Treatment Filling the GSTR 9 Computing additional liability if any Postmortem GSTR 9C – ITC on expenses Reasons of differences Reporting GST Audit Report Part II of 9C CA PULKIT KHANDELWAL

Issue 3: Who is not liable for filing Annual Return? CA PULKIT KHANDELWAL

PERSONS NOT REQUIRED TO FILEANNUAL RETURN Input Service Distributor, A person paying tax under section 51 or section 52, A casual taxable person and A non-resident taxable person Department of Central Government or State Government or local authority, whose books of account are subject to audit by the Comptroller and Auditor-General of India or an auditor appointed for auditing the accounts of local authorities under any law for the time being in force. CA PULKIT KHANDELWAL 8

Issue 4: Which form is to be filed if the taxpayer was under Composition scheme for some part of the year and was under regular mechanism for the rest part? CA PULKIT KHANDELWAL

ANNUAL RETURN Question Answer How would Annual Return be filed by a person who was under composition scheme for part of year and under regular scheme for remaining part of the Year Such persons would have to file GSTR-9 for the period under which they were under Regular Scheme and GSTR-9A for the period under which they were composition scheme. CA PULKIT KHANDELWAL 1010

Issue 5: Mismatches- GSTR 3B vs. GSTR 1 vs. BOA vs. GST Law CA PULKIT KHANDELWAL

Issue 6: Nil GSTR 9- Is this for real? CA PULKIT KHANDELWAL

WHO CAN FILE “NIL” ANNUAL RETURN 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 There is no late fee to be paid etc. CA PULKIT KHANDELWAL

Issue 7: What to do with differences in GSTR 1 and GSTR 3B Issue 7: What to do with differences in GSTR 1 and GSTR 3B? Which table to be used for which data? CA PULKIT KHANDELWAL

Issue 8: Table 4 vs. Table 5? CA PULKIT KHANDELWAL

Reference ofAnnual Return inAudit Report Table 7 Reconciliation of Taxable Turnover Tabl e 7F Taxable turnover as per liability declared in Annual Return (GSTR9) Instruction 7F: Taxable turnover as declared in Table (4N – 4G) + (10-11 i.e., Amendments in supplies declared in returns of April to Sept) of the Annual Return (GSTR9) shall be declared here. CA PULKIT KHANDELWAL 16

Reference ofAnnual Return inAudit Report Table 5 Reconciliation of Gross Turnover with Turnover reported in Annual Return Table 5Q Turnover as declared in Annual Return (GSTR9) Instruction 5Q: Annual turnover as declared in the Annual Return (GSTR 9) shall be declared here. This turnover may be derived from Sr. No. 5N, 10 and 11 of Annual Return (GSTR 9). CA PULKIT KHANDELWAL 17

SuggestiveTreatment of Supplies andTax thereon inGSTR-9 Tax Paid between July to March 2018 by 3B:- Table 4 Tax paid between April to September 2018 by 3B: Table 10 and 11 Tax paid through Annual Return: Table 4 and Use of DRC-03 64

Issue 9: What about supplies for FY 17-18 disclosed after September 2018 and tax paid thereon? CA PULKIT KHANDELWAL

ROD Order - 2 CA PULKIT KHANDELWAL

Issue 10: Classification of ITC on Input goods, services and Cap goods? CA PULKIT KHANDELWAL

Issue 11: Tran 2 filed after March 2018 – Treatment in GSTR 9 for 17-18? CA PULKIT KHANDELWAL

Issue 12: Auto-populated data from GSTR 2A is not correct? CA PULKIT KHANDELWAL

CA PULKIT KHANDELWAL

Issue 13: :Lapse of ITC – A reality? CA PULKIT KHANDELWAL

SuggestiveTreatment of Inward Supplies andTax thereon in GSTR-9 ITC Claimed or reversed between July 2017 to March 2018 in 3B:- Table 6/Table 7 ITC Claimed between April 2018 to March 2019 in 3B: Table 13 (Although Form would have to be amended in view of ROD No. 2/2018 from “April to Sep 18” to “April to March 19”) ITC Reversed between April 2018 to September 2018: Table 12 ITC Reversed between October 2018 to March 2019: (Clarification required) If allowed to reversed by 3B :-Table 12 ITC Reversed in Annual Return: Table 7 and pay by DRC-03 ITC cannot be claimed in Annual Return CA PULKIT KHANDELWAL

Issue 16: IGST refund receivable on IGST paid shipping bills to be shown in refunds table? CA PULKIT KHANDELWAL

Issue 16: HSN / SAC ?? CA PULKIT KHANDELWAL

O: 303, Soni Paris Point, Collectorate Circle, Jaipur CA. Pulkit Khandelwal O: 303, Soni Paris Point, Collectorate Circle, Jaipur M: +91-9783592230 E: capulkitkhandelwal@gmail.com TREY r e s e a r c h CA PULKIT KHANDELWAL