1. Practical Aspects of GST ANNUAL RETURN.
BY – CA GAGAN KEDIA
Guwahati
MRG KEDIA & CO. – GST TRANSITION|

2. The MAHABHARATA ~The Lesson to Learn
MRG KEDIA & CO. – GST TRANSITION|

3. Annual Return – Relevant Provisions Purpose of GSTR-9 vs.GSTR-9C
CONTENTS :
Annual Return – Relevant Provisions
Purpose of GSTR-9 vs.GSTR-9C
Flow of Data (Books vs. 3B vs. GSTR-1).
Practical Strategy
MRG KEDIA & CO. – GST TRANSITION|

4. Annual Return – Sec 44(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 in FORM GSTR-9 through the common portal either directly or through a Facilitation Centre notified by the Commissioner.

5. Annual Return by a composition person
Every registered person who is liable to pay tax under section 10 under composition levy shall furnish an annual return in FORM GSTR-9A through the common portal either directly or through a Facilitation Centre notified by the Commissioner.

6. Annual Return by a E – Commerce Operator
Every electronic commerce operator required to collect tax at source under shall furnish annual statement in FORM GSTR -9B..

7. Purpose of Annual Return vs. GST Audit
GSTR-9C
ANNUAL RETURN
GSTR-9
To Report a summary of what has been filed in GST Returns ?
To Pay Balance Taxes ? (Inadvertent Mistakes)
To Reconcile with Books (Genuine differences) ?

8. ANNUAL RETURN – FLOW OF DATA
NATURE
TAX DECLARED IN ?
OUTWARD SUPPLIES
BOOKS = FY FY FY 19-20
BOOKS = TABLE (4 + 5) + TABLE (10 – 11)
INWARD SUPPLIES
BOOKS = FY FY 18-19
TAXES PAID
Actual = FY FY FY 19-20

9. ANNUAL RETURN – FLOW OF DATA
NATURE
TAX DECLARED IN ?
OUTWARD SUPPLIES
BOOKS = FY FY FY 19-20
Treatment
BOOKS = TABLE (4 & 5) + TABLE (10 & 11)
INWARD SUPPLIES
BOOKS = FY FY 18-19
TAXES PAID
Actual = FY FY FY 19-20 or ?

10. ANNUAL RETURN – FLOW OF DATA
OUTWARD SUPPLIES
BOOKS = FY FY FY 19-20
BOOKS = TABLE (4 + 5) + TABLE (10 – 11)
INWARD SUPPLIES
BOOKS = FY FY Missed Till Now
TAXES PAID
Actual = FY FY FY 19-20

11. ANNUAL RETURN – FLOW OF DATA
OUTWARD SUPPLIES
BOOKS = FY FY FY 19-20
BOOKS = TABLE (4 & 5) + TABLE (10 & 11)
INWARD SUPPLIES
BOOKS = FY FY Missed Till Now
Treatment
BOOKS = TABLE (6 & 7) + TABLE (12 & 13)
TAXES PAID
Actual = FY FY FY 19-20 or ? ?

12. ANNUAL RETURN – FLOW OF DATA
NATURE
TAX DECLARED IN ?
OUTWARD SUPPLIES
BOOKS = FY FY FY 19-20
BOOKS = TABLE (4 + 5) + TABLE (10 – 11)
INWARD SUPPLIES
BOOKS = FY FY 18-19
TAXES PAID
Actual Tax Paid (3B + DRC-03)
= FY FY FY 19-20

13. ANNUAL RETURN – FLOW OF DATA
NATURE
TAX DECLARED IN ?
OUTWARD SUPPLIES
BOOKS = FY FY FY 19-20
BOOKS = TABLE (4 + 5) + TABLE (10 – 11)
INWARD SUPPLIES
BOOKS = FY FY 18-19
TAXES PAID
Actual Tax Paid (3B + DRC-03)
= FY FY FY 19-20
Treatment
= Table 9 (Auto & Un-Editable) + Table 14 (Manual) ?

14. ANNUAL RETURN – FLOW OF DATA
UNTOCHED TABLE TILL NOW :
Table 8 - Recon Statement (Helpful for Notices)
Table 15 - Reporting of Refund Status
Table Certain Specific Reporting
Table 17 – 18 - HSN Reporting
The appointed date for effective implementation of the provisions of the GST laws is , i.e., from the second quarter of the financial year Therefore, the very applicability of the threshold limits for audit purposes, whether wholly (Rs.2 Crore) or in proportion, has not been explicitly provided for – Clarification from the Government is awaited.

15. FORM GSTR-9 (Table 6 & 7)
The appointed date for effective implementation of the provisions of the GST laws is , i.e., from the second quarter of the financial year Therefore, the very applicability of the threshold limits for audit purposes, whether wholly (Rs.2 Crore) or in proportion, has not been explicitly provided for – Clarification from the Government is awaited.

16. FORM GSTR-9 (Table 6 & 7)
The appointed date for effective implementation of the provisions of the GST laws is , i.e., from the second quarter of the financial year Therefore, the very applicability of the threshold limits for audit purposes, whether wholly (Rs.2 Crore) or in proportion, has not been explicitly provided for – Clarification from the Government is awaited.

17. TABLE 4 of GSTR-3B
The appointed date for effective implementation of the provisions of the GST laws is , i.e., from the second quarter of the financial year Therefore, the very applicability of the threshold limits for audit purposes, whether wholly (Rs.2 Crore) or in proportion, has not been explicitly provided for – Clarification from the Government is awaited.

18. FORM GSTR-9 (Table 6 & 7)
The appointed date for effective implementation of the provisions of the GST laws is , i.e., from the second quarter of the financial year Therefore, the very applicability of the threshold limits for audit purposes, whether wholly (Rs.2 Crore) or in proportion, has not been explicitly provided for – Clarification from the Government is awaited.

19. FORM GSTR-9 - PART V (MOST IMPORTANT)
The appointed date for effective implementation of the provisions of the GST laws is , i.e., from the second quarter of the financial year Therefore, the very applicability of the threshold limits for audit purposes, whether wholly (Rs.2 Crore) or in proportion, has not been explicitly provided for – Clarification from the Government is awaited.

20. FORM GSTR Table 8
The appointed date for effective implementation of the provisions of the GST laws is , i.e., from the second quarter of the financial year Therefore, the very applicability of the threshold limits for audit purposes, whether wholly (Rs.2 Crore) or in proportion, has not been explicitly provided for – Clarification from the Government is awaited.

21. CA GAGAN KEDIA, Partner – Indirect Tax
THANK YOU
For any queries, feel free to contact -
CA GAGAN KEDIA, Partner – Indirect Tax
MRG KEDIA & CO.
(Chartered Accountants)
Unit No. 408, 4th Floor, Kamalalaya Centre
156A, Lenin Sarani, Dharamtalla, Kol-13
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MRG KEDIA & CO. – GST TRANSITION|