What to take care while filling GSTR 9?

- Sales Tax : Soham Mashruwala

What to take care while filling GSTR 9?

GSTR9 is the form to file the annual return under GST law. This form is mandatory for suppliers whose aggregate annual turnover is more than two crore rupees. The last date for filing GSTR9 for the financial year 2021-22 is 31-12-2022. Which is more than five crore turnover of spoiler. It is mandatory to fill them GSTR9. Today's article discusses this matter. And information is given about tricky questions.

External supply

Tables 4, 5, 10, 11 in GSTR9 have to show details of external supplies. Many times, if the details are left to be shown in GSTR1 and GSTR3B, then the tax can be paid through GSTR9. In case GSTR 1 credit note for external supply is not shown the credit note amount cannot be credited in GSTR9. It is mandatory to show in GSTR 1 for availing credit note. Many times it is known after GSTR1 is changed. That a transaction erroneously shown to be with an unregistered person but actually a transaction with a registered person cannot be changed through the annual return. For the financial year 2021-22, permission was given to make changes till November 2022 and if there is anything left, no amendment can be made now. As per the opinion of the government, the annual form is a form for summarizing and summarizing the forms filled during the year. When the GST law does not provide the facility to file a revised return, it is necessary to amend the provision regarding the annual return. Which Supplier e-invoice provision is applicable. He takes great care and attention to detail. For transactions for which e-invoices have not been generated, it is advised to generate them before filing the annual return. This is supported by the Government's FAQ.

Reverse charge

Reverse charge liability is to be paid through GSTR 3B. Can it be shown in GSTR9 if payment is more than that amount? According to the opinion of the government, this cannot be done, but in view of the provision of Article 73, there is support for doing so. For the financial years 2017-18 and 2018-19, the government issued a press release stating that the outstanding reverse charge liability is to be paid through GSTR 3B. By showing this transaction in GSTR 9 as per section 73 and then making the payment through Form DRC 03, the penalty under section 74 is avoided and the liability is paid in the same year as the financial year. All this has to be done after the expiry of the time under section 16 as the reverse charge shown in the annual return is not eligible for tax credit.

tax credit

The tax information shown in GSTR 3B under Table 6, 7 should be given in GSTR9. Special care is to be taken that many times the previous financial year's tax credit is also entered in GSTR 3B and should be shown in Table b itself. Due to Rule 36, tax credit cannot be claimed until the transaction appears in GSTR2B. Therefore, it is necessary to show the details of tax claimed in GSTR3B for the next year in Tables 12, 13 in GSTR9. If a tax credit is claimed under wrong, it cannot be corrected in GSTR9 and the money has to be paid.