Detailed Analysis of GSTR 9 and GSTR 9C
Table of Contents
Detailed Analysis of GSTR 9 and GSTR 9C
Requirement of Audit
Annual Return
Section 44(1): A registered person is required to furnish an annual return.
Reconciliation & Audit
Section 35(5): Requirement to get accounts and other records audited by a CA/CWA if aggregate turnover during a financial year exceeds Rs.2 crores.
Section 44(2): A reconciliation statement to be furnished along with an annual return for the registered person required to get the accounts audited.
Related Topic:
GSTR 9 & 9C with FEW SAMPLE DISCLOSURES
Due date
Annual Return and Audit Report to be furnished on or before 30.9.2020 for the FY 2018-19.
Outward Supply
Overview of GSTR 9
Details of GSTR 9
GSTR9- Annual Return
Outward heads Details
▪ Table 4: Details of Outward supplies & Inward Supplies on which tax is payable
▪ Table 5: Details of Outward supplies on which tax is not payable
▪ Table 10 & 11: Supplies/tax declared/reduced through Amendments
▪ Note: Reconciliation of GSTR1, GSTR 3B and Books important before filling of information in the above tables
Related Topic:
Specific points for GSTR 9 and GSTR 9C for FY 2019-20
Inward Details
▪ Table 6: Details of ITC Availed
▪ Table 7: Details of ITC reversed
▪ Table 8: Reconciliation of ITC availed with GSTR 2A
▪ Table 12 &13: Details of ITC availed/reversed through Amendments
▪ Note: Reconciliation of GSTR2A, GSTR 3B and Books important before filling of information in the above tables
Related Topic:
Mapping of turnover from GSTR 9 to GSTR 9C
Others
▪ Basic Details, Details of Taxes Paid, Details of Demands and Refunds
▪ Information on supplies received from composition taxpayers, deemed supply under section 143 and goods sent on approval basis.
▪ HSN wise summary of inward and outward supplies
Related Topic:
Instructions of Form GSTR-9
Outward Supplies
Table 4:-
• Details of Outward supplies & Inward Supplies on which tax is payable
Table 5:-
• Details of Outward supplies on which tax is not payable
Table 10&11:-
• Supplies/tax declared/reduced through Amendments
Note: Reconciliation of GSTR1, GSTR 3B, and books is important before the filing of information in the above tables.
Related Topic:
CREATING JSON FOR GSTR 9C
Walkthrough of GSTR9 outward supplies
- GSTR 9 requires verification by the taxpayers. But no requirement to obtain certification from auditors.
- Additional tax can be paid along with this form through Form DRC-03.
- Information of Apr 18 to Mar 19 to be reported in this form, except Part V where details of April 19 to Sep 2019 are submitted
Related Topic:
Errors in Generating or Downloading GSTR-9C JSON File and their Resolution
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