1. Goods and services tax GSTR-9 Sirc of icai
Annual Return
Goods and services tax
GSTR-9
Sirc of icai

2. Disclaimer and Copy right
This presentation has been prepared to provide a standard ‘user presentation’. The views expressed in this presentation are those of Speaker(s). The Institute of Chartered Accountants of India may not necessarily subscribe to the views expressed by the speaker(s). The information cited in this presentation has been drawn from various sources. While every efforts have been made to keep the information cited in this presentation error free, the Institute or any office do not take the responsibility for any typographical or clerical error which may have crept in while compiling the information provided in this presentation. Further, the information provided in this presentation are subject to the provisions contained under different acts and members are advised to refer to those relevant provision also.

3. Background – Legal Provisions
Annual Return under GST
Note: Dealer with turnover of INR 2 Crore shall also file Audited Accounts and Reconciliation statement along with Annual Returns duly certified by Chartered Accountant in Form GSTR-9C ( Notified vide notification 49 CT dated 13 Sep 2018 )
Form of Filing: Electronically in FORM GSTR-9 through the common portal
DUE Date of filing: Before the thirty-first day of December following the end of such financial year.
Person liable for filing Annual Return: Every registered person, (other than an ISD, person liable to pay tax u/s 51 and 52, a casual taxable person and a non-resident taxable person)
September 2018

4. Aggregate Turnover
 Every registered person whose “aggregate turnover” during a financial year exceeds Rupees Two Crores shall get his accounts audited as specified in Section 35(5) of the Act
 He shall furnish copy of :
• Audited annual accounts; and
• A reconciliation statement duly certified in Form GSTR – 9C
 Electronically through the common portal either directly or through Facilitation Centre notified by the Commissioner
September 2018

5. Reconciliation Statement
 Section 44(2)
Every registered person required to get his accounts audited under Provisions of Section 35(5)
Shall furnish electronically, the annual return
along with audited annual accounts; and
A reconciliation statement, reconciling value of supplies declared in a return furnished for the financial year with the audited annual financial statements; and
 Such other particulars as may be prescribed
September 2018

6. Snapshot of GSTR-9 Part-I Basic Details Part-II
Details of outward supplies declared in the return
Part-III
Details of Input Tax Credit availed as declared in the return
Part-IV
Details of Tax paid as declared in the return
Part-V
Particulars of the transaction for the previous year declared in April to September return
Part-VI
Other Information (Demand and Recovery, HSN Summary and etc.)
September 2018

7. Extract of GSTR-9 Part-1 Basic Details
September 2018

8. Details for the period July’17- March’18 are to be provided.
Part – II (Outward Supply)
Details for the period July’17- March’18 are to be provided.
Include sales made through Ecommerce Operator
Net of DN/CN
Refer Table5,7,9 & 10 of GSTR-1
Include E-commerce operator.
Exclude supply on which tax payable on RCM by Recipient.
DN/CN Separately
Refer Table 4A and 4C of Form GSTR-1
Supplier to charge only IGST on supply to SEZ, If CGST and SGST charged then same shall be amended.
Deemed Export:- Advance Authorization, EPCG, EOU etc.
Includes RCM paid on inward supply from Registered, Unregistered and Import of service.
Refer table 3/1(d) of Form GSTR-3B
September 2018

9. Part – II (Outward Supply Contd..)
CN/DN in respect of B2B supplies, supplies to SEZ, and Deemed Export.
Refer Table 9B – GSTR-1
Amendments pertaining to July to March 18 done before March 2018
Amendment made after March 18 to be disclosed later
Refer table 9A & 9C- GSTR-1
September 2018

10. Part – II (Outward Supply Contd..)
Table 6A and 6B of the GSTR-1 may be used.
Outward Supplies on which tax is to be paid by the recipient .
Whether the tax amount has to be filled ?
Refer Table 4B of GSTR-1
Supplies for which bill of supply has been issued
Schedule III supplies
Supply of goods outside the ambit of GST like crude oil, Alcohol.
Table 8 of the GSTR 1
September 2018

11. Part – II (Outward Supply Contd..)
DN/CN issued for supplies on which no taxes has been paid. Refer Table 9B of GSTR-1
Details to be provided for the Amendment done in the return during July’17-March’18
4N – Taxable Supplies and advances on which tax has to be paid
5M – Exempted/ No supply Turnover
4G – Inward supplies on which tax has to be paid under RCM
September 2018

12. Part – III (Input Tax Credit) Reconciliation with 3B
Table 4A of GSTR-3B contains ITC availed on Imports of Goods and Services, Reverse charge and All other ITC
Bifurcation of Inward supplies into to Input, IS and CG. No similar requirement in 3B.
Bifurcation of reverse charge credit on account of supplies received from registered and unregistered person.
Inward supplies from SEZ included in Point 6B above.
Credit reclaimed on account of reversal due to non payment of consideration within 180 days.
Ideally difference should be Zero.
TRAN-1: Credit of closing stock evidenced by invoices
TRAN-2: Credit of closing stock by registered person not posses invoices
ITC credit on Opt out of the Composition Scheme
ITC_02- Credit on Sale, Merger, amalgamation, lease and transfer.
Ideally be equal to total of credit’s in Electronic Ledger till March 18.
September 2018

13. Part – III (Input Tax Credit Contd..)
Reversal of ITC on account of non payment of consideration to supplier within 180 days
Reversal of ITC on the basis of ISD credit note
Proportionate reversal of ITC with respect to
Taxable and Exempt Supply
Partly used for Business and other purpose
17(5) does not prescribe any reversal of credit.
GSTR-3B Requires disclosure of ineligible credit u/s 17(5)
Will it part of Total ITC Reversed as per Row I?
Reversal of inadmissible credit taken (like Cess and irregular credit under existing law)
Reversal in 3B – Current Circular
Credit Reversal through ITC-03 (Opting in for Composition Scheme)
September 2018

14. Part – III (Input Tax Credit Contd..) Reconciliation with GSTR-2A
Total credit available for inward supplies other than imports and inward supplies liable to RCM but includes supplies from SEZ.
Reflected in GSTR-2A table 3 & 5 is be auto populated
This column may be negative if the vendor has not uploaded the return. In that case whether company will have the negative balance?
6B Inward Supplies other than imports and inward supplies liable but includes services received from SEZ
6H Reclaim of Credit
Maybe ineligible or not availed.
Provides clarification that company can not claim credit after the due date
September 2018

15. Part – IV (Payment Details)
September 2018

16. Part – V (Details of Amendment of previous year return through April to September return)
Amendment during April-September’18 for outward supply made during the Period July’17-March’18
Details of credit appearing in GSTR-2A till march but taken in April to September’2018
September 2018

17. Part – VI (Other Information's (Like Refund, HSN Summary)
Details of Refund claims, provisional sanctioned, rejected shall be provided
Should exclude provisional refund received
Details of Demand of taxes, tax paid on such demand and demand pending under GST
September 2018

18. Late fee payable on filing Annual return after due date
Part – VI (Other Information's (Like Refund, HSN Summary Contd..)
Deemed supply-
Goods sent for job work not received within a period of 1 / 3 years.
Goods sent on approval basis- time limit of issuance of invoice 6 Months from date of removal
HSN Summary:-
Upto 1.5 Cr Optional
Cr digit
5Cr and above digit
HSN wise inward summary to be provided, the same was the not disclosed in any previous return.
Late fee payable on filing Annual return after due date
September 2018

19. Thank You