GSTR 9 :Annual Return Filing, Format, Eligibility & Rules Explained

Latest News:

The due date for filing Annual return in Form GSTR-9/GSTR-9A and reconciliation statement in GSTR-9C for the F.Y. 2017-18 has been extended from 31st August 2019 to 30th November 2019.

What is GSTR 9 – GST Annual Return Form?

GSTR 9 is a type of Annual Return to be filed by eligible taxpayers. It gives a summarised report of transactions done during the financial year. Here is a glimpse of particulars to be furnished in GSTR 9 Annual Return:

  • Basic Details
  • Details of outward supplies
  • ITC claimed or reversed
  • Taxes paid or adjusted
  • Previous year transactions reported
  • Others

For the FY 2017-18 GSTR 9 is required to be filed by 31st December 2018.


Who is required to file GSTR 9?What is the applicability for filing GSTR9?

All registered person u/s 44 of CGST and SGST Act except as mentioned below [specified u/s 44 (1)] are required to file GSTR.

  • Casual Taxable Person
  • Non-Resident Taxable Person
  • Person deducting TDS or Collecting TCS (the provisions were not applicable in FY 2017-18)
  • Input service distributor

But, the applicability of Annual GSTR differs depending on the type of Taxpayer-

  • Normal Taxpayer – GSTR 9
  • Composition Taxpayer – GSTR 9A
  • E-Commerce operator – GSTR 9B

Please note :- All the required registered taxpayers shall file Annual return, irrespective of their turnover limit.


What is the Due date of Filing GSTR 9 annual return?

As per Section 44 of the CGST and SGST Act 2017, annual return needs to be filed till 31st Dec 2018 for the FY 2017-18. Which means an annual return shall be duly filed by a taxpayer on or before 31st of December of the next financial year.


What is the period for which GSTR 9 is to be filed?

Annual Return need to be filed for every financial year. For FY 2017-18, GSTR 9 will be filed for the period from 1st July 2017 to 31st March 2018(GST implemented from 1st July 2017). However, the annual return shall include a summary of amendments made till 30 Sep 2018, pertaining to transactions undertaken between 1st July 2017 to 31st March 2018.


What if I do not file my GSTR 9 or file it after the due date?

Non compliance of law has always been strictly adhered to by the tax department, the same goes on with GSTR 9. Not filing GSTR 9 or filing it after due date can result in a heavy cost for the taxpayer.

In case of not filing:
  • Notice u/s 46 for Immediate filing (within 15 days) of GSTR 9 can be ordered by the authorities.
  • General penalty as mentioned under section 125, of the CGST Act 2017 up to Rs 25,000/- can be levied.
In case of late/belated filing:

As per section 47(2) of the CGST Act 2017, the late fee shall be lower of the following

  • Rs 100 per day
  • 0.25% of turnover in state or union territory
  • Also, General penalty as mentioned under section 125, of the CGST Act 2017 up to Rs 25,000/- can be levied.

But, in this case, a person making interstate supply shall attract double penalty because the same penalties would attract both CGST and SGST Act. Which means the amount of penalty, in this case, will become
Lower of

  • Rs 200 per day
  • 0.25% of turnover in state or union territory
GSTR-9

What is the Structure of GSTR 9- Annual Return?

Annual Return format as notified in the form GSTR-9 is very exhaustive document wherein the transactions pertaining to the last years have to be reported. It is divided in 5 parts as below:

Part I: Basic Details

Part II: Details of outward supplies as reported in returns during the financial year

Part III: Details of ITC availed and reversed, declared in the Returns filed during the Financial Year

Part IV: Details of taxes paid, as declared in returns filed during the financial year

Part V: Particulars of the transactions for the previous FY declared in returns of April to September of current FY or upto date of filing of annual return of previous FY whichever is earlier (Table 10 to 14)

Part VI: Other information


What is the step by step process to understand and fill GSTR 9 Annual Return Form?

The details as to how to fill GSTR-9 is explained below in the tabular format against each of the description-

PART – I. BASIC INFORMATION:

Annual return starts with the basic details to be furnished about the registered person. It is expected that these details would get auto-populated in common portal.The information sought under this category is –

1 Financial Year The financial year for which the annual return is filed is also required to be mentioned in Part-I. Presently the financial year would be 2017-18, however the details to be furnished is for the period July 2017 to March 2018.
The Annual return is to be filed based on the returns filed for the respective GSTIN and not based on PAN India basis. In other words, if the assessee has four GSTIN’s, then he would be required to file four annual returns  . 
2 GSTIN
3A Legal Name
3B Trade Name (if any)

PART – II. OUTWARD & INWARD SUPPLIES:

This part requires furnishing the details of all outward supplies made during the year (segregated between supplies liable to tax and not liable to tax) and inward supply liable to reverse charge basis. This includes not only the original supply as reported in the periodical returns but also the amendments made therein. This part is further subdivided in below tables:

  • Table 4: All transactions on which tax liability has arisen segregated in below:
    1. Taxable outward supplies (segregated in various categories based on nature)
    2. Advance received in respect of which invoice has not been issued
    3. Inward supply on which liability arises under reverse charge mechanism
  • Table 5: Details of outward supplies on which tax is not payable as declared in the return filed during the financial year. This includes exempted supplies, non GST supplies and zero rated supplies.

Total of Table 4 and Table 5 gives turnover of the registered person during the financial year.

TABLE 4

Table 4 provides for reporting of all supplies (i.e. outward supplies and RCM transactions) on which tax has been paid by the registered person during the previous financial year
A Supplies made to un-registered persons (B2C)
  • In this section the sum total of outward supplies (which are liable to GST) made to an unregistered person is required to be disclosed.
  • The outward supply turnover should be disclosed net of debit note and credit note.
  • The details of supplies made to a un-registered person would be available from
  • Table 5 of GSTR-1 – supplies made to unregistered person but are categorized as B2CL.
  • Table 7 of GSTR-1 – supplies made to unregistered person but are categorized as B2C others (which is net of debit and credit note)
  • Table 9 of GSTR-1 – amendments with respect to B2CL of table 5
  • Table 10 of GSTR-1 – amendments with respect to B2C others disclosed in Table 7
B Supplies made to registered persons (B2B)
  • In this section the sum total of outward supplies (which are liable to GST) made to a registered person is required to be disclosed.
  • However, the outward supplies on which the recipient is made liable to pay the GST under reverse charge should not be included in this table.
  • These details would be available in
  • Table 4 [4A & 4C] of GSTR-1 – supplies made to a registered person
C Zero-rated supply (Export) on payment of tax (except supplies to SEZs)
  • In this table, the sum total of supplies of goods and services exported with payment of tax during the financial year need to be filled.
  • These details would be available in
  • Table 6A of GSTR-1 – Exports
D Supply to SEZs on payment of tax

  • In this section, the sum total of supplies of goods and services made to SEZ unit or SEZ Developer, with payment of tax during the financial year need to be filled.
  • These details would be available in
  • Table 6B of GSTR-1 – Supplies made to SEZ unit or SEZ Developer
E Deemed Exports


  • In this section, the sum total of deemed exports made during the financial year needs to be filled.
  • Deemed export – refer notification no. 48/2017-CT dated 18.10.2017 – the following supplies would be considered as deemed exports:
  • Supply of goods by a registered person against Advance Authorisation
  • Supply of capital goods by a registered person against Export Promotion Capital Goods Authorisation
  • Supply of goods by a registered person to Export Oriented Unit
  • Supply of gold by a bank or Public Sector Undertaking specified in the notification No. 50/2017-Customs, dated the 30th June, 2017 (as amended) against Advance Authorisation
  • These details would be available in
  • Table 6C of GSTR-1 – Deemed Exports
F Advances on which tax has been paid but invoice has not been issued (not covered under (A) to (E) above)
  • In this section the sum total of advances received during the financial year under GST regime for which no invoice is raised within the said financial year. Advances received during the period April 17 to June 17 should not be considered.
Ex:
  • Total advance received from July 17 to Mar 18 is Rs.10,00,000/-
  • Less: invoices raised against such advances during July 17 to Mar 18 is Rs.8,00,000/-
  • Balance advance received for which invoice is not raised is Rs.2,00,000/- – which is required to be shown in this column.
  • This detail would be available from table 11A of GSTR-1
G Inward supplies on which tax is to be paid on a reverse charge basis
  • In this section, the sum total of inward supplies on which GST is paid by the assessee under reverse charge is required to be disclosed.
  • The following details would be included in this table:
  • Supplies received from the registered person – GST is required to be paid by the recipient under reverse charge under Section 9(3) of the CGST Act,2017
  • Supplies received from the unregistered person – as applicable till 13.10.2017
  • Import of services
  • It does not include the import of goods on which IGST is paid
  • This detail would be available from table 3.1(d) of GSTR-3B
H Sub-total (A to G above) Auto-Populated
I Credit Notes issued in respect of transactions specified in (B) to (E) above (-)

  • In this section, the sum total value of credit notes raised within the same financial year in respect of
  • B to B supplies
  • Export with payment of tax
  • SEZ supplies with payment of tax
  • Deemed exports with payment of tax
  • But shall not include credit notes raised with respect to B to C supplies.
  • Financial credit notes raised may not be included – i.e., credit note provides reduction only in the taxable value without reducing the tax.
  • This detail would be available from Table 9B of GSTR-1
J Debit Notes issued in respect of transactions specified in (B) to (E) above (+)

  • In this section, the sum total value of debit notes raised within the same financial year in respect of
  • B to B supplies
  • Export with payment of tax
  • SEZ supplies with payment of tax
  • Deemed exports with payment of tax
  • But shall not include debit notes raised with respect to B to C supplies.
  • This detail would be available from Table 9B of GSTR-1
K Supplies/tax declared through Amendments (+)


  • In this section, any amendments made within the same financial year for the following supplies,
  • B to B supplies
  • Export with payment of tax
  • SEZ supplies with payment of tax
  • Deemed exports with payment of tax

would be disclosed.

  • Details would be available in table 9A and 9C of GSTR-1
  • Compensatory errors like reported inter-state supply as intra-state supply is to be disclosed carefully. If required, match the amendment made in GSTR 3B with GSTR-1.
L Supplies/tax reduced through Amendments (- Similar to entry 4(K), however, the amendments which reduce the tax liability would be disclosed in the column.
M Sub-total (I to L above) Auto-Populated
N Supplies and advances on which tax is to be paid (H + M) above Auto-Populated

TABLE 5

Table 5 provides for reporting of all other supplies (i.e. supplies without payment of tax and exempt) made by the registered person during the previous financial year – in this table assessee is required to provide the details of turnover on which there is no liability to pay GST.
A Zero-rated supply (Export) without payment of tax
  • In this section, the sum total of supplies of goods and services exported without payment of tax during the financial year need to be filled.
  • These details would be available in
  • Table 6A of GSTR-1 – supplies made to registered person
B Supply to SEZs without payment of tax
  • In this section the sum total of supplies of goods and services made to SEZ without payment of tax during the financial year need to be filled.
  • These details would be available in
  • Table 6B of GSTR-1 – supplies made to registered person
C Supplies on which tax is to be paid by the recipient on reverse charge basis
  • In this section, the sum total of supplies made by the registered person on which the recipient is made liable to pay the GST.
  • This turnover would be considered as exempted in the hands of supplier
  • Ex: GTA being a registered person, provides supplies to registered persons. Though the recipient is liable to pay GST under RCM, the GTA would be required to report such supplies under this table.
  • The details would be available in table 4B of GSTR-1
D Exempted
  • In this section, the sum total of exempted supplies made by the registered person is required to be disclosed.
  • The details would be available in table 8 of GSTR-1
E Nil Rated
  • In this section, the sum total of nil supplies made by the registered person is required to be disclosed.
  • The details would be available in table 8 of GSTR-1
F Non-GST Supply
  • In this section, the sum total of Non-GST supplies made by the registered person is required to be disclosed.
  • The details would be available in table 8 of GSTR-1
  • Note: The Non-GST supplies includes no supply as well. However if no supply details have not been reported in GSTR-3B/GSTR-1,, the same need not be disclosed in this table.
G Sub-total (A to F above) Auto-Populated
H Credit Notes issued in respect of transactions specified in A to F above (-)
  • The sum total of credit notes raised for the supplies disclosed in 5A to 5F are required to be disclosed.
  • The details would be available in table 9B of GSTR-1
I Debit Notes issued in respect of transactions specified in A to F above (+)
  • The sum total of debit notes raised for the supplies disclosed in 5A to 5F are required to be disclosed.
  • The details would be available in table 9B of GSTR-1
J Supplies declared through Amendments (+)
  • The sum total of of amendments made to the supplies disclosed in 5A to 5F which increases the liability of GST is required to be disclosed.
  • The details would be available in table 9A and 9C of GSTR-1
K Supplies reduced through Amendments (-)
  • Sum total of amendments made to all supplies without payment of tax, which has resulted in reduction in value of supplies being reported
  • The details would be available in table 9A and 9C of GSTR-1
L Sub-Total (H to K above) Auto-Populated
M Turnover on which tax is not to be paid (G + L above) Auto-Populated
N Total Turnover (including advances) (4N + 5M – 4G above Auto-Populated

PART – III. INPUT TAX CREDIT

This part requires the person filing Annual Return to declare the details of all ITC related information. Some of the information in this segment is auto populated whereas most of other details have to be furnished in the Annual Return manually.This part is further sub divided in the below Tables:

Table 6: Details of ITC availed as declared in the Return has to be given in this part of the Table. Total ITC availed is auto populated from GSTR-3B whereas the details of the ITC segregated in the inputs, input services and capital goods have to be provided by the registered person in respect of different categories of inward supplies. This part also requires separate disclosure of the transitional credits availed by the registered person.

Table 7: The details of ITC reversed and ineligible ITC to be declared in this part. The difference between Table 6 and Table 7 indicates total credit which is available for utilization with the registered person during the financial year.

Table 8: This table requires certain additional information to be furnished in the Annual Return related to ITC. The information contained in this Table is mainly for the purpose of analysis of the government to identify the instances of over/under availment of credit. The main part which requires disclosure is matching the credit availed in the GSTR-3B viz a viz credit which is auto-populated in the GSTR-2A.

TABLE 6

Table 6 provides for reporting of the gross input tax credit (ITC) availed by the registered person during the previous financial year
A Total amount of input tax credit availed through FORM GSTR-3B (sum total of Table 4A of FORM GSTR-3B) Auto-Populated from Form GSTR-3B
B Inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs)
  • In this section the sum total of ITC availed on all intra-state and inter-state (within India) procurements, where the tax has been charged by the supplier is required to be disclosed.
  • The ITC availed need to be classified as follows:
  • Inputs
  • Input Services
  • Capital Goods
  • The details would be available in the table 4(A)(5) of GSTR-3B.
  • It is important to note that the ITC availed, reversed and reclaimed should not be included in this section.
C Inward supplies received from unregistered persons liable to reverse charge (other than B above) on which tax is paid & ITC availed
  • In this section the sum total of ITC availed on all inward supplies received from unregistered person on which tax is paid under reverse charge is required to be disclosed.
  • The ITC availed need to be classified as follows:
  • Inputs
  • Input Services
  • Capital Goods
  • The details would be available in the table 4(A)(3) of GSTR-3B.
D Inward supplies received from registered persons liable to reverse charge (other than B above) on which tax is paid and ITC availed
  • In this section the sum total of ITC availed on all inward supplies received from registered person on which tax is paid under reverse charge is required to be disclosed.
  • The ITC availed need to be classified as follows:
  • Inputs
  • Input Services
  • Capital Goods
  • The details would be available in the table 4(A)(3) of GSTR-3B.
E Import of goods (including supplies from SEZs)
  • In this section the sum total of ITC availed on import of goods including procurements from SEZ need to be disclosed.
  • The ITC availed need to be classified as follows:
  • Inputs
  • Capital Goods
  • The details would be available in the table 4(A)(1) of GSTR-3B.
F Import of services (excluding inward supplies from SEZs)
  • In this section the sum total of ITC availed on import of services excluding services received from SEZ need to be disclosed.
  • The details would be available in the table 4(A)(2) of GSTR-3B.
G Input Tax credit received from ISD

  • In this section, the sum total of ITC received from Input Service Distributor is required to be disclosed.
  • The details would be available in the table 4(A)(4) of GSTR-3B
H Amount of ITC reclaimed (other than B above) under the provisions of the Act
  • In this section, the ITC availed, reversed due to non-payment of value + tax within 180 days to the supplier and reclaimed after payment is required to be disclosed.
  • Such ITC shall not be included in table 6B above
  • Ex:
  • Total ITC availed during the period is Rs.1,00,000/-
  • Less: The ITC reversed due to non-payment of value including tax to the supplier is Rs.20,000/-
  • Add: The ITC reclaimed after payment made to the supplier is Rs.8,000/-
  • In this ex; the ITC to be disclosed in
  • table 6B is Rs.92,000/-
  • table 6H is Rs.8,000/-
  • table 7A is Rs.12,000/- [20,000-8,000]
I Sub-Total (B to H above) Auto-Populated
J Difference (I – A above) Auto-Populated
K Transition Credit through TRAN-I (including revisions if any)
  • The ITC availed by way of filing TRAN-I need to be disclosed.
  • This ITC is automatically credited to electronic credit ledger once TRAN-1 is filed by the assessee.
  • One may refer to the Electronic Credit Ledger and TRAN-I
L Transition Credit through TRAN-II
  • The ITC availed by way of filing TRAN-II is required to be disclosed.
  • Refer section 140(3) of the CGST Act,2017 – deemed credit wherein the assessee did not had the invoices to avail the ITC on closing stock.
  • One may refer to the Electronic Credit Ledger and TRAN-II
M Any other ITC availed but not specified above
  • Any other ITC availed apart from the above is required to be disclosed.
  • Ex: the credit transferred by the transferor company to transferee company under Form ITC-02 or the ITC availed by the composition scheme when he is opted out from the composition scheme to regular.
N Sub-total (K to M above) Auto-Populated
O Total ITC availed (I + N above) Auto-Populated

TABLE 8

Table 8 provides for a summary of ITC available as per GSTR-2A & IGST paid on import of goods and a comparison with ITC availed
A ITC as per GSTR-2A (Table 3 & 5 thereof) Auto-Populated from GSTR-2A
B ITC as per sum total of 6(B) and 6(H) above Auto-Populated from Table 6(H) and 6(B)
C ITC on inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs) received during 2017-18 but availed during April to September, 2018
  • In this section, ITC availed during the period April 2018 to September 2018 (CFY), with respect to inward supplies received during 2017-18 (PFY) shall be disclosed.
  • It is important to note that such details may not available directly and it may be required to be identified by going through the ITC register for the period April 2018 to September 2018.
  • The reference can be made to ITC ledger / GSTR-3B workings for the period April 2018 to September 2018
  • Where ITC pertaining to PFY has been availed and also reversed in the CFY, the same shall be reported at Net values (since there is no separate reporting of reversals in Table 8)
  • This detail is requested to fill here so that the department can identify whether ITC as declared in GSTR-2A is availed within the time limit prescribed under section 16 of the CGST Act,2017. If not, such ITC would get lapsed and would become cost to the assessee
D Difference [A-(B+C)] Auto-Populated
  • If values arrived is negative, it would mean that the total availment of credit is more than the credit reported by the vendor. Further it is not clear what happens if there is any difference which is in negative.
  • If the value is positive the action point is provided below.
E ITC available but not availed (out of D)
  • In case the difference is positive, the assessee need to identify how much of the ITC which is reflected Form GSTR-2A for FY 2017-18 but not been availed.
  • This ITC would get lapsed and becomes cost to the taxable person.
F ITC available but ineligible (out of D)
  • Inward supplies reflected in Form GSTR-2A for FY 2017-18, which are ineligible.
  • Further, even though there is the difference in (D) above, the assessee need to identify how much of ITC which is reflected in GSTR-2A but not availed because of eligibility.  
  • The transactions not reflected in Form GSTR-2A, would not be reported in this Section
G IGST paid on import of goods (including supplies from SEZ)
  • Actual IGST paid on import of goods and procurements from SEZ should be reported
  • Refer Bill of Entry filed and Duty payment challan
H IGST credit availed on the import of goods (as per 6(E) above) Auto-Populated
  • Actual ITC availed on import of goods as disclosed in table 6(E) above would get auto populated.
I Difference (G-H) Auto-Populated
  • The difference between IGST paid and availed on import of goods gets auto-populated
  • To be noted point here is, there is no separate section provided to disclose ITC availed during April 2018 to September 2018, for imports made in FY 2017-18. Due to this reason, any ITC availed during April 2018 to September 2018 for the transactions of July 2017 to March 2018 comes as difference and which may be considered as lapsed in subsequent columns provided in the GSTR-9.
J ITC available but not availed on import of goods (Equal to I) Auto-Populated
  • The difference reported in (I) above, if the same is positive means ITC availed on import of goods is lesser than the IGST paid on import of goods and such difference would get lapsed as per this column.
K Total ITC to be lapsed in the current financial year (E + F + J) Auto-Populated
  • The E + F + J reported above, for this transactions, ITC would get lapsed.

PART – IV. DETAILS OF TAX PAID:

This part requires furnishing the information/details of different nature of taxes payable and paid either in cash or through utilization of input tax credits

TABLE 9

Table 9 provides for reporting of tax paid by the registered person during the previous financial year
  Integrated Tax The sum total of amounts from Table 6 of GSTR-3B would get auto-populated in this table.
  • Tax payable – While reporting the details, one shall also ensure that the details reported in Table 4 is in line with the total tax payable
  • Paid through cash – Ensure that the amount of tax paid in cash reported in the Table 9 is matched with the actual cash payments
  • Paid through ITC – Ensure that the amount of tax paid in cash reported in Table 9 is matched with the actual credit utilisation as per the returns
Also, refer to Table 6.1 of Form GSTR-3B filed
  Central Tax
  State Tax/UT Tax
  Cess
  Interest
  Late Fee
  Penalty
  Other

PART – V. TRANSACTIONS OF PREVIOUS FY DISCLOSED IN APRIL TO SEPTEMBER OF CURRENT FY:

Many of the transactions pertaining to previous financial year might have missed reporting in the GSTR-1 and GSTR-3B filed for the last year. Such transactions might have been reported in the returns filed during the period April 2018 to September 2018. Details of all such transactions are required to be reported in this part including tax liability thereon.

TABLE 10 – 14

Table 10-13 provides for reporting of transactions pertaining to the previous financial year (‘PFY’) which are reported by the registered person during the period April to September of the subsequent financial year (‘CFY’)
10 Supplies / tax declared through Amendments (+) (net of debit notes)
  • In this section, the additions or amendment which creates additional liability made during the period April 2018 to September 2018 in GSTR-1 need to be recorded.
  • Ex: the invoice raised during February 2018, however the same is recorded in June 2018, this need to be recorded in this column.
  • Amendments made in the value of supplies / tax paid against invoices reported in previous financial year need to be reported.
11 Supplies / tax reduced through Amendments (-) (net of credit notes)
  • In this section, the amendment made through credit notes which results in reduction in liability but recorded in April 2018 to September 2018 of GSTR-1 need to be recorded.

Ex: the credit note raised during February 2018, however the same is reported in June 2018, the same needs to be recorded in this section.
12 Reversal of ITC availed during previous financial year
  • ITC availed in during the period July 2017 to March 2018, which has been reversed during the current financial year.
  • Ex: Ineligible credit availed in March 2018, which was identified as ineligible and reversed in July 2018, needs to be reported in this section
  • Refer details of ITC reversed in the GST returns filed during the current financial year
  • There appears to be some nexus between values reported in Table 8, with the values reported in Table 13 and Table 12 (though not in all respects)
13 ITC availed for the previous financial year
  • ITC availed in the CFY pertaining to supplies received in the PFY
  • Reference should also be made to Table 8 of the Annual Return – Reporting of ITC availed in CFY for supplies received in PFY
  • There appears to be some nexus between values reported in Table 8, with the values reported in Table 13 and Table 12 (though not in all respects)
14 Differential tax paid on account of declaration in 10 & 11 above
  • In this column the additional liability created due to the amendments made in table 10 to 13 above is required to be disclosed.
  • If there is excess payment in some period and shortage in some other period, there is no mechanism for self adjustment, whereby the excess payment has to be claimed as refund and short payment has to be paid separately.

PART – VI. OTHER INFORMATION:

This part seeks additional information required to be reported in the Annual Return. Following details to be provided table-wise:

  • Table 15: Particulars of demand and refunds
  • Table 16: Information on supplies received from composition taxpayers, deemed supply under section 143 (job work) and goods sent on approval basis
  • Table 17: HSN wise summary of outward supplies
  • Table 18: HSN wise summary of inward supplies
  • Table 19: Late fees payable and paid for delay in filing of Annual Return

TABLE 15 – 18

Table 15 provides for reporting of Demands and Refunds claims by the registered person during the PFY
15
  • Total Refund claimed
  • Total Refund Sanctioned
  • Total Refund Rejected
  • Total Refund pending
  • Total Demand of Taxes
  • Total taxes paid in respect of E above
  • Total demand pending out of E above
  • This table requires the assessee to provide the details of refund claimed by them and status of the same.
  • Further, the demand notices if any received is also required to be reported along with the status of the case.
  • Note, the refund means all types of refund claimed under section 54 may be required to be disclosed.
  • The demand notice may also include the notices received for E-way bill issues.
Table 16 provides for Information on supplies received from composition taxpayers, deemed supply under section 143 and goods sent on approval basis
16
  1. Supplies received from Composition taxpayers
  1. Deemed supply under Section 143




  1. Goods sent on approval basis but not returned
  • In this column, sum total of inward supplies received from composition taxpayers need to be disclosed. This detail would be available in Form GSTR-3B Table 5

  • Deemed supply under section 143 means any inputs/capital goods sent for job work has not been received back with the specified time limit under section 143 (inputs – 1 year and capital goods – 3 years) because of which, such supplies are considered as deemed supply in the hands of the person who had sent the goods.
  • For the annual return of 2017-18, this column may not be filled because the inputs/capital goods sent for job work during July 2017 will still within the time limit of 1/3 years respectively.

  • The details of deemed supply with respect to goods sent on approval but not has been approved within the period of six months is required to be reported here.
  • The reporting is merely disclosure in this column and the actual transaction which have been shown in table 4 above.
Table 17-18 provides reporting of HSN wise summary of Outward and Inward Supplies reported in the PFY
17 Outward Supplies
  • The outward supply made by the registered person during July 2017 to March 2018 need to be reported HSN wise in this section.
  • The details would be available from Table 12 of GSTR-1
18 Inward Supplies
  • The inward supplies received during the period July 2017 to March 2018 needs to be reported at HSN level.
  • This data would not be available from any of the returns filed by the registered person.
    • Hence, it is important to prepare this detail from the accounting software and to be reported in this column.
  • Therefore, there would be lot of challenges to fill the data in the HSN wise with respect to inward supplies.
Table 19 provides reporting of Late Fees
19 Late fees payable and paid
  • Late fee will be payable if annual return is filed after the due date.
  • The late fee is Rs.100 per day and maximum of quarter percentage (0.25%) of the turnover in the state or union territory.

Last Part :of the Annual Return requires verification to be made by the registered person filing the Annual Return. Such person has to declare that information contained in the Annual Return is true and the benefit of any reduction in output tax liability has been passed or will be passed on to the recipient of the supply.

FAQ’s on Filing of Annual Return GSTR-9

Q - Whether amount recovered as Pure Agent needs to be disclosed in the Annual Return?

Amount recovered as the pure agent is excluded from the valuation under section 15 of the CGST/SGST Act read with Rule 33 of the CGST/SGST Rules. It is not shown in the periodical GSTR-1 also and accordingly there may not be disclosure requirement of the same in the Annual Return. If such transactions are routed through Balance Sheet, there will be no disclosure in the GSTR-9C also. However, if included in the turnover as per books of account, it would be one of the reconciliation item under GSTR-9C.


Q - Which stock details are required to be reported in the Annual Return?

The details in respect of the movement of stock, addition or consumption of stock is not required to be disclosed in the Annual return. However, assessee needs to internally derive the values of stock that is lost, stolen, issued as samples etc. and accordingly the same needs to be reversed in the monthly returns and the corresponding disclosure of the same needs to be given in Part III of the Annual Return.


Q -If my Registration has been surrendered before end of year. Am I still required to file Annual Return?

Every registered person who had a valid registration during any part of the year is required to file Annual Return. However, if the person has applied for surrender of the registration in the year which has been accepted by the department, such supplier may not have access to the GST portal and accordingly may not be able to file the Annual Return.


Q -Who is responsible for submitting Annual Return – Registered person or Auditor?

Annual Return is a mere summary of monthly returns filed with certain additional information and it is the responsibility of the registered person to file such return. Auditor is required to reconcile the details furnished in the Annual Return with the details as per audited annual financial statement in form GTSR 9C.


Q -How shall the difference between commercial value and assessable value of the transaction disclosed under GST?

There could be many instances where commercial value of the transaction could be different from the transaction value on which tax is payable under section 15 of the CGST/SGST Act read with rules issued thereunder. There is requirement to disclose the transaction value as arrived at under section 15 of the Act read with Rule in the Annual Return. Any difference between commercial value and transaction could form part of the Reconciliation Statement. There is no need of disclosure of such difference in the Annual Return.


Q -What shall be the turnover in to be reported in Annual Return? Whether it needs to be same as that of Profit and Loss Account?

There is no requirement under GST law to match the turnover as per the profit and loss account with the annual return but it is pertinent to note that the reconciliation statement as to the difference in the turnover needs to be reported, therefore it is important that the turnover is matched in the back end at the time of filing the annual return and the monthly returns so that the differences does not crop up in the reconciliation statement in Form GSTR-9C.


Q -How shall transitional credits be reported by TRAN -1 category of persons?

The Government has extended last date of filing of TRAN-1 by specified category of person till 31st January, 2019. However, the GSTR-9 has to be submitted by 31st December, 2018. Such persons may disclose the TRAN-1 credit in the Annual Return for the FY 2018-19


Q -Am I required to report turnover from April 2017 to March 2018 in Annual Return to be filed for FY 2017-18?

No, only the details for the period from July 2017 to March 2018 are to be provided in annual return. The turnover pertaining to April 2017 to June 2017 would be required to be reported in the Form GSTR-9C as a part of reconciliation with the financial statements.


CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2Win.in. Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.