Changes in GST Annual Returns for FY 2017-18
As per recommendation of 31st GST Council Meeting on 22.12.2018 ,the following clarificatory changes, inter-alia, shall be carried out in the formats/instructions according to which the annual return / reconciliation statement is to be submitted by the taxpayers:
- Amendment of headings in the forms to specify that the return in FORM GSTR-9 &FORM GSTR-9A would be in respect of supplies etc. ‘made during the year’ and not ‘as declared in returns filed during the year’;
- All returns in FORM GSTR-1&FORM GSTR-3B have to be filed before filing of FORM GSTR-9 & FORM GSTR-9C;
- All returns in FORM GSTR-4 have to be filed before filing of FORM GSTR-9A;
- HSN code may be declared only for those inward supplies whose value independently accounts for 10% or more of the total value of inward supplies;
- Additional payments, if any, required to be paid can be done through FORM GST DRC-03 only in cash;
- ITC cannot be availed through FORM GSTR-9 & FORM GSTR-9C;
- All invoices pertaining to previous FY (irrespective of month in which such invoice is reported in FORM GSTR-1) would be auto-populated in Table 8A of FORM GSTR-9;
- Value of “non-GST supply” shall also include the value of “no supply” and may be reported in Table 5D, 5E and 5F of FORM GSTR-9;
- Verification by taxpayer who is uploading reconciliation statement would be included in FORM GSTR-9C.
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