Is it Mandatory to fill all the columns in Table 4 (Outward Supplies) ? How do I show data in Table 4 of the GSTR – 9 (Annual Return)?
Yes, it is mandatory to fill all the columns of Table 4 if the same is reported in the monthly returns. The break up can be derived from the Ledger Accounts / Chart of accounts if implemented or can be derived from the monthly returns filed from July 2017 to March 2018.
As a taxpayer, if I do not file the Annual return by the due date or on the due date, is there any late fee i need to file if i am filing it after the due date?
Yes, a late fee is applicable and the provisions for the same are given in Section 47(2) of the CGST Act. Late is Rs 100 per day or maximum up to 0.25% of the turn over in a state.
Do I need to prepare the Annual Return before starting my GST Audit and filling of Form GSTR – 9C?
Yes, the Annual Return has filled /to be taken as a base for preparing the reconciliation statement as it will give the final input tax credit availed, output tax liability for the period July 2017 to March 2018.
FAQ -12: My turnover during the period July 2017 to March 2018 is Rs 71.25 Lacs and basis of the Notification No 12/2017-Central Tax dated 28th June 2017, i have not shown HSN Codes on the Tax Invoice. In the Annual Return do i need to show the HSN Summary?
The said notification is only for the purpose of display on the tax invoice and not for the Returns, so you have to show the HSN Summary in the Annual Return, We need to wait and see if it is Mandatory or Optional when it is made available.
FAQ 11 : As a registered taxpayer which Annual Returns i have to file if i have migrated from Composition Scheme to Regular Scheme due to the increase in my turnover? Do i need to file Annual Return as Regular Tax Payer or Composition Tax Payer or both?
Annual Returns for the Regular Scheme and Composition Scheme are to be filed by the taxpayer for the relevant periods.
• Annual Return during the period as Regular Taxpayer Form GSTR – 9
• Annual Return during the period as Composition Taxpayer Form GSTR – 9A
Can a taxpayer take input tax credit after the due date of September month return or filing of Annual Return?
No, you cannot take credit of the previous fiscal year after the due date of the September month return or filing of annual return whichever basis on the provisions of Sub-Section 4, Section 16 of the CGST Act.
Is there any specific form for filing of GST annual return? If yes what are the form names and which taxpayer has to file which form for GST annual return?
- All taxpayers have to file the Form GSTR – 9
- Taxpayers registered under composition scheme have to file Form GSTR – 9A
- Taxpayers registered as Electronic Commerce operator have to File form GSTR 9B