FAQ – 18

In From GSTR – 9C, what is “Adjustments in turnover due to foreign exchange fluctuations” and in which cases do i need to fill it?

It has to be filled by all taxpayers who have outward supplies in foreign currency and where they issue a tax invoice as well as a commercial invoice. It can be in case of exporters or supplies to SEZ’s where they issue a tax invoice with payment of duty i.e as per the GST at the time of removal of goods and for the foreign customer, a commercial invoice is issued on a subsequent date. The different dates can some time result in different exchange rates being used. This could cause a difference reported in the financial statements and in the GST Returns, for this reason, it has to be mentioned in the Form GSTR – 9C.

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FAQ 5

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

FAQ – 4

Can the taxpayer make corrections while filing the Annual Returns for the missing entries in the monthly returns?

No, he cannot make any corrections in the Annual Returns but he can enter the missing entries in the September month’s return.