GUIDANCE NOTE ON ANNUAL RETURN OF GST
GST
Dated:- 6-10-2018
=============
Document 1GUIDANCE NOTE ON
ANNUAL RETURN OF
GST
NOTE
NUAL
GST
GUIDANCE
THE INSTITUTE OF COS
RETURN
COUNTANTS OF INDIA
*
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THE INSTITUTE OF COST ACCOUNTANTS OF INDIA
(Statutory body under an Act of Parliament)
Introductory Edition: October, 2018
Published by
The President
The Institute of Cost Accountants of India
CMA Bhawan
12, Sudder Street, Kolkata – 700016
Delhi Office
CMA Bhawan
3, Institutional Area, Lodhi Road, New Delhi – 110003
Complimentary Edition
The Institute of Cost Accountants of India
(Statutory body under an Act of Parliament)
All rights reserved
Disclaimer:
This Publication does not constitute professional advice. The
information in this publication has been obtained or derived from
sources believed by the Institute of Cost Accountants of India (ICAI)
to be reliable. Any opinion
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I am sure that the team must be
feeling proud too. When I first got the draft, I immediately started brushing through it. Though I
haven't completed, but the contents seem to be enriching and intriguing. It is indeed a great work,
and I look forward to reading more such notes.
We all are aware that, GST is an integrated scheme of taxation that does not discriminate between
goods and services and is a part of the tax reforms that centre on evolving an efficient and
harmonized consumption tax system in the country. In India we had different taxes before the
rollout of GST and there were different returns for different taxes and used to differ from state to
state especially in the case of VAT, which was at state level.
GST Annual return has to be filed by every taxpayer as per provisions of Section 44 of the CGST Act
2017. This guidance note on Annual return is especially significant since, the return is being filed for
the first time after the rollout of GST last year. The taxpayers may
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s on Taxation. In the last couple of
months team TRD has published “A Guidance Note on GST Audit”, “A
Handbook on E-Way Bill” and “A Compilation of GST Notifications and
Circulars for the 1st Year of GST”. This continuous effort of the Team is
being widely appreciated by the Stakeholders. Our Resource Persons
have always been in support to enrich all our efforts.
We are thankful to our very own CMA B. Mallikarjuna Gupta for his
endless support and encouragement to Team TRD.
Apart from the publications, the Institute has also taken various initiatives
on taxation field including launching three new courses on Taxation
namely Advanced Certificate Course on GST, Certificate Course on
Filing of Return and Certificate Course on TDS.
All the three courses are being launched and admissions for these
three courses are going on.
Bringing out the “Guidance note on GST Annual Return” would surely
add another feather to the cap. The information to be shown in the
annual return is a summary level t
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Act was
passed in the Parliament on 29th March 2017. The Act came
into effect on 1st July 2017; Goods & Services Tax Law in India
is a comprehensive, multi-stage, destination-based tax that is
levied on every value addition. In simple words, Goods and
Service Tax (GST) is an indirect tax levied on the supply of goods
and services. This law has replaced many indirect tax laws.
that previously existed in India. GST is one indirect tax for the
entire country.GST has mainly removed the Cascading effect
on the sale of goods and services. Removal of cascading
effect has directly impacted the cost of goods. Since tax on
tax is eliminated in this regime, the cost of goods decreases.
Also, GST is also mainly technologically driven. All activities like
registration return filing, application for refund and response to
notice needs to be done online on the GST Portal. This will speed
up the processes.
The Government has notified a new return form for goods.
and services tax (GST) that will have
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useful for the targeted readers. This
Guidance Note contains all the details of GST Annual Return in
a lucid language with illustrations and FAQs which would help
the readers to clear their doubts from the basics. It is unusual in
simplicity with which the various aspects of GST Annual Return
have been dealt with. At the same time, the treatment of the
subject is both comprehensive and easy to follow.
Here, we would also like to thank and acknowledge the
immense contributions of CMA B Mallikarjuna Gupta without
whose hard work, toil and guidance the handbook could have
never acquired its shape. The department is indebted to him
for his contributions. CMA Niranjan Mishra, Chairman – Taxation
Committee has been our guiding star. Thank you Sir.
Tax Research Department
Institute of Cost Accountants of India
Guidance Note on Annual Return of GST
Tax Research Department, The Institute of Cost Accountants of India
ACKNOWLEDGEMENTS
Taxation Committee 2018-2019
CMA Amit Anand Apte – President
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of GST Return Filing
6. Notified Formats of Annual Return
GSTR 9 – Annual Return
GSTR 9A-Annual Return
(For Composition Taxpayer)
GSTR 9C – Reconciliation Statement
8
Guidance Note on Annual Return of GST
Tax Research Department, The Institute of Cost Accountants of India
F COST
ACCOUN
OVERVIEW OF ANNUAL RETURNS
Returns have to be filed in any tax regime by the taxpayers at
periodic intervals to state their tax lability along with the input tax credit
claimed. Tax returns have to be filed for any tax that is being levied and
collected by the Governments irrespective of the tax being a direct
tax or indirect tax. The data collected from these tax returns helps the
Government officials to formulate the policies and strategies and also
ensure that there is no revenue leakage in the system. Now a days
the tax departments are also using new techniques and analysis like
big data, Hadoop etc. for analysis of the data and identify fraudulent
transactions easily which was very tough to identif
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t
5
5
Register
1
1
Total
473
16
6
495
Guidance Note on Annual Return of GST
9
COST
ACCOU
Tax Research Department, The Institute of Cost Accountants of India
One good thing in GST is there only one common return for the
central and the state taxes but the major difference is the taxpayers
have to file transactional data in all the cases except in reporting of
transactions related to B2C, advances received but tax invoices not
issued. Reporting of transactional level data means the taxpayers have
to be more organized and also adopt to the information technology
by using accounting software's as they reduce the human errors while
filing of the returns. Usage of accounting software does not address the
complete requirements of filing of tax returns, the ledger accounts are
also required to be structured accordingly else it will be a herculean
task for compiling of the data for GST return filing on monthly basis or
filing of annual return.
In GST the taxpayers have to file different returns
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return
9
Form GSTR-11
Details of inward supplies to be
furnished by a person having UIN
Returns have to be filed by the taxpayers in GST basis of the
provisions given in Chapter IX from Section 37 to Section 48 and based
10
Guidance Note on Annual Return of GST
F COST
ACCOUN
Tax Research Department, The Institute of Cost Accountants of India
on Chapter 8 of CGST Rule 59 to 81.
As per provisions of Section 44 of the CGST Act 2017, all taxpayers
registered under GST has to file Annual Return other than taxpayers
paying tax under Section 51 (Tax Deduction at Source), Section 52
(Collection of Tax at Source), Casual Taxable Person, Input Service
Distributor & Non-Resident Taxable Person by 31st December of the next
financial year. The Annual Return to be filed in FORM GSTR – 9 and 9A
has been notified wide Notification No 39 / 2019 (Central Tax) dated 4th
September 2018.
As per provisions of Sub-rule 3, Rule 80 Every taxable person whose
aggregate turnover is above Rs 200 Lacs have to get
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t of GST last year. There is room for
improvement from the taxpayer's side and this opportunity can be
availed by them. Matching is being differed from time to time in GST as
the Government feels it is early to adopt to the process as the taxpayers
are not yet used to the process of filing three different returns. To make
the taxpayers ease in return filing, a simple return has been introduced
by the Government.
The information to be shown in the annual return is a summary level
transaction which have taken place from 1st of July 2017 to 31st March
2018. There is also a requirement to show if any debit note or credit note
issued from first of April 2018 to 30th September 2018 for transactions
related to 1st July 2017 to 31st March 2018. Apart from this data the
taxpayer also has to show information related to his tax liabilities and
input tax credit availed at a granular level. This information will help the
tax authorities to do analysis and take corrective action on the event
taxpaye
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not filed his annual return the
department can issue a notice for such taxpayers for non-filing of
Returns. Whenever a taxpayer receives such notice the taxpayer has
to file the return within 15 days of receipt of the notice.
Apart from this penal provision, there is also late fee applicable
in case of the delayed filing of GST annual return as per provisions of
section 47 of the CGST Act 2017, late he is also applicable. as per the
provisions of the Act, a late fee of rupees hundred is applicable for
delay of each day and the maximum amount of late fee that can be
levied in case of taxpayers who have filed delayed returns is up to .25%
of the turnover in the respective state or union territory.
Annual return under GST has to be filed for each GSTIN or the
registration in which the taxpayer has taken the GST registration
number. The provisions of the late fee are applicable for each state
or union territory separately. For example, if the taxpayer has taken
registration in two differe
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the First section of the Annual Return the financial year for which
the return has to be selected / entered by the taxpayer. While filing the
return for the period July 2017 to March 2018, the FY has to be selected
from July 2017 to March 2018.
In the Second section of the Annual Return, the GSTIN (Goods and
Service Tax Identification Number) has to be selected / entered by the
taxpayer.
In the Third section, the legal entities name has to be entered in
Section 3A like the Company's name or name of the partnership firm
or any other legal entity, its name has to be entered by the taxpayer.
In case of 3B, it will be applicable only in cases related to sole traders
or proprietor's the PAN card will be in the name of the proprietor and
the business name can be different, in such cases the trade name or
business name has to be selected / entered.
Section Four relates to the supplies and this is very important one,
for the values entered here if there are any differences found out
subsequen
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ia
PREREQUISITES / CHECK LIST FOR
FILING OF ANNUAL RETURNS
There are certain steps or process to be completed before starting
the process of preparation of Annual Return. Following these steps
ensures that there are no differences between the data shared and
filed with various departments like Income Tax, Registrar of Companies,
Director General of Foreign Trade and with the Reserve Bank of India
payment systems e-kuber. As on date, department is verifying data
between various returns filed from time to time. Even last year also the
department has issued notices to various taxpayers registered in GST
for the differences in the turnover reported in the income tax and the
GST Returns.
Before finalizing the books of accounts for the Financial year ensure
that the following process is completed
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(a) Verify all the tax invoices issued for the supply of goods or
services or both and the same are accounted in the financial
statements and reported in the GST Returns.
(b)
(c)
(d)
(e)
(f)
Veri
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(1)
(m)
(n)
(0)
(p)
(q)
(r)
Cross check the banking statements with the debtors / aging
reports to verify all the advances receipts are issued and
taxes are paid if the supply of the goods and services has not
taken place in the same month.
Verify for all the tax invoices the valuation process is followed
and the taxes are computed correctly.
Verify and ensure that the e-waybill data filed matches with
the tax invoice data where ever it is applicable.
Verify and ensure that the goods sent out for the job work
are returned back within one year in case of inputs and if not
issue a tax invoice before the filing of the annual return.
Verify and ensure that the HSN codes used on the outward
supplies documents are correct and if there is any deviation
issue an amendment document and inform the customers
accordingly.
Ensure that the HSN codes along with the unit of measure is
followed as per the Customs Tariff Act.
Ensure that the number of digits of the HSN code is followed
correctly across
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tomers partially or fully if the supply of goods
or services or both is not delivered or services executed as
per the provisions of the Act.
Guidance Note on Annual Return of GST
15
COST
ACCOU
(s)
(€ )
(U)
(V)
Tax Research Department, The Institute of Cost Accountants of India
Verify if the suppliers of goods or services or both have filed
the GST Returns up to 31st March 2018
Verify if the invoices uploaded by the supplier of goods or
services or both have accounted with the same values and
there are no differences.
Verify if the date on which the capitalization of fixed assets
and the date of input tax credit claimed in same else ensure
the taxpayer pays the interest on such if the input tax credit
is taken first and then capitalization is done at a later date.
Verify if the input tax credit is taken correctly as per the
provisions of Section 16 and section 17 of the CGST Act 2018.
(w) Verify and ensure that there are no debit notes issued to
supplier of goods or services or bo
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ed Persons (B2C)
Supplies made to Un-registered person (B2C) – In this section all the
supplies made to the unregistered taxpayers from 1st of July 2017 to 31st
March 2018 has to be reported here. Care should be taken in cases
where the taxpayers have by mistake have issued invoices are B2C
but subsequently the same have be converted as B2B invoices. The
conversion can be done through the amendments section in the GSTR
– 1. In the financial statements, the turnover will be reported at PAN
India level and for reporting the turnover at the GSTIN level, due care
must be taken else it will create reconciliation issues and under / over
reporting in one state and also impacting the tax payments.
Transactions to be included in this section are
1.
2.
3.
4.
B2C invoices less than Rs 2 Lacs which are reported in GSTR –
1 as B2C (Others), Table 7
B2C Invoices above Rs 2.5 Lacs which is reported in the GSTR
– 1 as B2C large invoices in section, Table 5,
B2C Credit Notes / Debit Notes which are rep
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section the data related to the following should be shown
1.
2.
3.
Interstate state supplies
Intra state supplies
Supplies to UN Bodies, Embassies, Government offices etc.,
Preparation of this sections and subsequent sections will be a time-
consuming process at the data shown in table can be derived from the
Table 4A, 4B, 4C, 6B, & 6C as it has to exclude the following transactions
Deemed Exports
Supplies to SEZ with Payment of Tax
Supplies to SEZ without Payment of Tax
Supplies which attract Reverse Charge
The data being entered here has to be crossed checked with the
financial books if the taxpayer has maintained ledgers accordingly.
The data can also be derived easily if the taxpayer has maintained
different document types or invoice series for each of the transactions.
Section 4C – Zero Rated Supplies (Export) on Payment of Tax
(Except supplies to SEZ)
In this section the tax payer has to report export sales made during
the return filing period. The transactions to be shown in th
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Z Supplies with
payment”.
The taxpayers can also derive the data from the ledgers or if they
have maintained separate invoice series. In either of the cases they
have to validate with the data already filed in the monthly GSTR – 1
returns.
Section 4E – Deemed Exports
Deemed exports are notified in the GST wide Notification No 48/2017
– Central Tax dated 18/10/2017and supplies to deemed exports has to
be reported separately in the monthly GSTR – 1 return in table 4A of
B2B Supplies for records which are flagged as Deemed Exports. Data
can be derived from there and verified. Unlike in the case of exports
where the taxes payment is only for IGST, in case of deemed exports
the supplies can be inter state and intra state, ensure that the taxes
are shown accordingly on the tax invoices and also reported correctly.
The only difference in case of deemed exports is there is an option
to supply the goods at a lower rate of 0.10 %. When the taxpayer
avails the lower rate ensure the applicable pro
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e, have to be reported in Annual Return and for this the balance
shown in the balance sheet has to be reconciled.
Section I – Credit Note issued in respect of transaction
specified in (B) to (E) (-)
In this section, the credit notes issued for the outward supply of
goods or services has to be reported CGT as per the provisions of
Guidance Note on Annual Return of GST
19
COST
ACCOU
Tax Research Department, The Institute of Cost Accountants of India
Section 34 of the CGST Act 2018, a credit note has to be issued only by
the supplier of goods or services.
Ensure that the credit notes are issued by the taxpayer only for the
outward supply of goods or services or both. If there are any transactions
for which the credit note has been issued for inward supply of goods or
services or both the same should be reversed and applicable interest
should be paid on such transaction.
All the credit notes which have been issued under GST as per
provisions of section 34 means that the outward liability o
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section 34 of the GST Act, A debit
note can be issued for any period. The only difference between the
credit note and debit note is that the debit note increases the liability
of taxes to be paid by the taxpayer.
Verify and ensure that the taxpayer has not issued any debt notes
for the inward supply of goods for any shortages or breakages or price
variation between the contract of supply and the actual supply. if
there are any such debit notes issued for the inward supply of goods or
services or both the same has to be reversed in the GST annual return.
At the time of reversal, necessary accounting entries also have to be
written and passed by the taxpayer in his books of accounts and also
communicated to his suppliers is the debit notes are issued for the
outward supply there is no impact as there is no restriction on them.
For an issue of a debit note but the only difference in this act is the
taxpayer has to communicate the same to his customers and then
report the same in the GST R
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there are any such amendments that are
reflected in the GST return the corresponding impact is also reflected
in the financial statements is not equal to reconciliation issues and
subsequent scrutiny and notice orders from the department.
Is detailed statement has to be provided for the amendments carried
out and its impact on the financial statements and corresponding
they the same has to be updated in the annual return for differences
observed?
Supplies and advances on which tax is to be paid (H + M) above
In this section, the total value of the taxable supplies and advance
on which tax has to be paid will be reported this will be an auto
computed amount based on the values declared in the previous rows.
5 Details of Outward Supplies on which tax is not payable as
declared in the returns during the financial year.
5A – Zero Rated Supply (Export) without payment of tax
Exports can be done with payment of duty or without payment of
Duty. In Table 4 we have reported he exports made out
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Cost Accountants of India
Supplies to SEZ or SEZ developer can be made with payment of
taxes or without payment of taxes. Supplies made with payment of
taxes is reported in Table 4, section C and in this section, we will report
the SEZ supplies without payment of tax.
The data for SEZ supplies can be obtained from Table 4A of the
monthly GSTR – 1 and the data has to be reconciled with the financial
statements. If there are any missing invoices in the GSTR return filed
previously for the transaction related to the last financial year, the same
can be rectified and shown as part of this section in the Annual Return.
5C – Supplies on which tax is to be paid by recipient on reverse
charge basis
–
In this section for the outward supplies on which taxes are to be
paid by the receipt of goods or services or both has to be reported.
Reverse charge is applicable on specific category of goods or services.
or both notified by the Central Government on the recommendations
of the GST Council from t
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The data for the same can be obtained from Table 4 of GSTR – 1 for
the invoice flagged as “Supply Attract Reverse Charge”. There will be
cases where the taxpayer has not reported such invoices, even such
missing invoices can be reported in this section with the value.
5D – Exempted, Nil Rated &Non GST Supply
As per provisions of the GST there are only two types of supplies one
is taxable supply and other one is not taxable supply. Taxable supplies
are defined in Sub-section 108 of Section 2 of the CGST Act 2018 and
22
Guidance Note on Annual Return of GST
F COST
ACCOUN
Tax Research Department, The Institute of Cost Accountants of India
non-taxable supplies are defined in Sub-section 78 of Section 2 the
CGST Act 2018 and in the corresponding Acts. Exempted Supplies are
supplied in Sub-section 47 of Section 2 of CGST Act 2017.
Sub-section 108, Section 2 of CGST Act – Taxable Supply – “taxable
supply” means a supply of goods or services or both which is leviable
to tax under this A
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ate) dated 28/06/2017 or
outward supplies of CSD Canteen are exempted wide 07/2017-Central
Tax (Rate) dated 28/06/2017. All such supplies will be reported in Section
5D including the debit notes and credit notes issues on such supplies.
Nil Rated supplies are notified notification number 02/2017-Central
Tax (Rate)dated 28/06/2017.
The information related to the Nil Rated Supplies, Exempted.
Supplies and Non-GST Supplies is reported on monthly basis in Table 8
of the GSTR – 1, the same has to be reported in respective columns of
GSTR – 9. In the monthly returns the amounts reported is net of the debit
and credit notes but in the annual return only the invoice values have
to be reported.
To derive the correct values, the sum of invoices issued on monthly
basis has to be added for the respective columns is to be shown here.
5H – Credit Notes issued in respect of transactions specified in A
to F above (-)
In this section all the credit notes issued during the period from
1st July 20
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ich tax is to be paid by the recipient on reverse
charge basis
Exempted
Nil Rated
Non-GST supply
All the credit notes issues are reported in the monthly GSTR – 1 in
the Table 9 but the same have to be reported in annual return in the
individual columns. Even though it is a complex and time-consuming
task for the taxpayers and they have to follow the same.
5J – Supplies declared through Amendments (+)
Amendments to the tax invoices issued are reported in the
monthly returns for the various reasons. The amendments can result in
the increase or decrease in the taxable supply value along with the
corresponding tax amounts. All the amendments for which the tax
amounts have increased for the supplies related to the zero-rated
supplies, supplies to SEZ without payment of taxes, supplies on which
reverse charge is applicable on the outward supplies along with the
exempted, nil rated and Non-GST supplies have to be reported here.
24
Guidance Note on Annual Return of GST
F COST
ACCOUN
Tax
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EZ without payment of taxes, supplies on which
reverse charge is applicable on the outward supplies along with the
exempted, nil rated and Non-GST supplies have to be reported here.
Recently changes have been made to the amendments section
where the taxpayers who have reported the B2B supplies as B2C
can be reclassified. If there are any such invoices which needs to be
reclassified the same have to be completed before filing of the GSTR –
1 for the month of September 2018 else the same will not be possible.
The amendments which have resulted in the increase of the taxable
value and the tax amount has to be entered in this section.
All the transactions reported in Table 9A of the GSTR – 1 have to
reported here.
5L – Sub-Total (H to K above)
Values for this column are auto computed by the system for the
values entered in the columns
Credit Notes issued in respect of transactions specified in A to
F above (-)
Debit Notes issued in respect of transactions specified in A to
F above (+)
Supp
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he inward supplies of goods or services or both
procured within in the country or imported from outside the country is
claimed.
In GSTR-3B the amount of input tax credit claim is shown under
various sections in table 4 and which is broadly classified into three
different sections, first one is for availing input tax credit, second one is
for reversal of ITC and third one is for ineligible ITC. The input tax credit
claimed for all the months will be auto populated based on the returns
data submitted on monthly basis. The amount shown here is the net
amount claimed and not for the gross amount or the amount utilized.
–
6B Inward supplies (other than imports and inward supplies
liable to reverse charge but includes services received from
SEZs)
In this section the input tax credit claimed on inward supply of
goods or services within the country has to be reported.
In table 4 of GST r3b when the monthly return has been filed the
data reported for availing input tax credit is consolidated am
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input tax credit claim on capital goods have
to be evaluated and in cases if it is found that input tax credit has
been availed much prior to the date of capitalization for such. That
differential interest is paid on a voluntary basis then we will not have
any issues of the department at the time of scrutiny of any other audit
conducted by the department from time to time.
It will be challenging for the taxpayers to derive the input tax credit
for services specifically as the taxpayers were not used for reporting
the same in the monthly GST 3b return. Do it is a challenge it is not an
impossible task as the taxpayer can derive the input tax credit availed
on input services based on the ledger records which are populated in
the p and L account all services are reported separately and invoices
related to the expenditure that is booked in the financial year can be
verified and accounted and reported in this section.
6C – Inward supplies received from unregistered persons liable
to revers
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and
then Prem subsequently.
6D – Inward supplies received from registered persons liable to
reverse charge (other than B above) on which tax is paid and
ITC availed
Guidance Note on Annual Return of GST
27
COST
ACCOU
Tax Research Department, The Institute of Cost Accountants of India
There is a certain class of goods or services on which tax has to be
paid by the recipient of such goods or services and not by the supplier
of goods or services in the normal cases. In such cases, the tax to be
paid on the inward supply of goods or services by the recipient and it
will be treated as a levy of tax on the reverse charge basis. This provision
is given in Sub-section 9 Section 3 of the CGST Act 2017 and the list of
goods and services are also notified from the government from time to
time.
The list of goods on which GST is applicable on reverse charges
basis on the outward supplies for the supplier of goods is notified vide
Notification No 04/2017-Central Tax (Rate) dated 28/06/2017 and in
ca
= = = = = = = =
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= = = = = = = =
and services in case
of goods the same information can be retrieved from the item ledger
basis of the HSN codes and then tracking the relevant inward invoices
of the suppliers and then to be reported here. In case of inward supply
of services, they can be identified through your expense accounts and
tracking their invoices of the suppliers.
The above information has to be reported separately for the inputs,
capital goods and services.
6E – Import of goods (including supplies from SEZs)
As per the caste provisions in the customs act goods will be treated
as imported into India one because the custom from the earth as
defined in section so and so. As per the provisions of the IGST act on
such goods where the imported or brought into India from a territory
outside India tour territory inside India as an interstate supply of goods
and on such a GST is levied.
Payment of GST in case of imported goods is made at the time of
filing of the Bill of Entry along with the basic customs duty and o
= = = = = = = =
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= = = = = = = =
be reported. As per the
provisions of the IGST Act, if any services are procured from any supplier
how is located outside India and place of Supply is India it will be
treated as import of supplies and on such transactions IGST is levied.
All such imports have to be reported in this section excluding import
of services from SEZ.
In GSTR – 3B, the import of services from overseas supplier and
from SEZ operator or for a supplier located in SEZ are reported as a
consolidated amount in Table 4A(2) but in the Annual Return the same
has to be reported separately.
It will not be a complex task but a time-consuming task to identity
such transactions and report them separately.
6G – Input Tax credit received from ISD
This section is applicable to the taxpayers who have taken Input
Service Distributor registration at the national level. The concept of
input service distributor is the distribution of the Input Tax Credit availed
at a single location and the same being distributed across th
= = = = = = = =
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= = = = = = = =
tem in the Audit Report.
6H-Amount of ITC reclaimed (other than B above) under the
provisions of the Act
As per the second provisions of sub-section 2 of section 16 of the
CGST Act 2018, if the supplier of the goods or services is not paid within
180 days and the input tax credit has been availed on such supplies,
the recipient who has received such goods or services has to reverse
the input tax credit claimed along with interest. The amount of Input
Tax Credit reversed will be updated to the output tax liability of the
taxpayer during the month it is reversed.
Subsequently when the recipient was the supplier of the goods or
services full amount or the partial amount the input tax credit which has
been reversed can be availed on Pro Rata basis.
It is to be observed that, the reversal is on a voluntary basis and most
of the taxpayers have are not aware of it or have reversed the same.
In such cases, the person preparing the Annual Return has to take the
Creditors Aging statement above 1
= = = = = = = =
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= = = = = = = =
t claimed which
is entered manually and the amount claimed based on the GSTR – 3B
returns from July 2017 to March 2018. There can be cases where the
input tax credit has been claimed in excess or short claimed or the
input tax credit related to the period from July 2017 to March 2018 is
30
Guidance Note on Annual Return of GST
F COST
ACCOUN
Tax Research Department, The Institute of Cost Accountants of India
claimed in the new financial year.
6K – Transition Credit through TRAN-I (including revisions if any)
For provisions rule 117 of the CGST Rules 2017 if the taxpayer has
any stock of goods on which input tax credit has been not a well as
on the transition date that is on the closing stock of 30th June 2017
such taxpayer can avail the input tax credit by declaring the same
prescribed format in form TRAN-1. If any such credit has been availed by
the taxpayer the same has to be reported in this column. Subsequently,
if there is any reduction or increase in the transitional credi
= = = = = = = =
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= = = = = = = =
ITC availed but not specified above
There could be cases where the input tax credit has been availed
on any other reasons can be reported here. In case of input tax credit
claimed on basis of CTD on filing of Form GST TRAN III has to be reported
in this column.
6N-Sub-total (K to M above)
This is auto populated column and it is sum of the columns K to M.
60 – Total ITC availed (I + N above)
This is also auto populated column and it show the total input tax
credit claimed through the Annual return.
7 Details of ITC Reversed and Ineligible ITC as declared in
–
Guidance Note on Annual Return of GST
31
COST
ACCOU
Tax Research Department, The Institute of Cost Accountants of India
returns filed during the financial year
In this section the taxpayers have to shown the input tax credit
reversed on various reasons have to be reported basis of various
provisions given in the CGST Act or corresponding Acts along with the
Rules.
7A – As per Rule 37
In this section the taxpayer has to reverse the
= = = = = = = =
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= = = = = = = =
or
for the furtherance of the business. In cases if the same inputs or input
services are used for the following
Used for personal consumption
Used partially for making taxable supplies and partially for
non-taxable supplies
The input tax credit claimed has to be reversed in this column of
the Annual return and the process for reversal is clearly given in Rule 42
has to be followed.
In GSTR-3B the input tax credit reversal is mentioned in Table 4(B) 1
and here the reversal of ITC is shown together for the provisions of Rule.
42 and Rule 43 and in this column of the Annual Return the same has to
be shown in the different columns.
32
Guidance Note on Annual Return of GST
F COST
ACCOUN
Tax Research Department, The Institute of Cost Accountants of India
7D – As per Rule 43
The input tax credit on capital goods is available on capitalization
of the same in the books of accounts of the taxpayers. The input tax
credit is availed on the basis of going concern concept and in cases
where the cap
= = = = = = = =
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= = = = = = = =
reversed if the credit is taken at the time of return
filing and not sure if the same is being used for certain purposes.
In such cases the input tax credit availed or wrongly availed has
to be reversed and the same has to be reported in this section of the
Annual Return.
The reversal of the input tax credit is also shown in the monthly GSTR
– 3b in Table 4(B) 1 and the same has to be bifurcated and reported
here if it is shown along with any other provisions in the monthly return.
7F – Reversal of TRAN-I credit
All the taxpayers who have availed input tax credit basis of the
transitional provisions in the GST Acts if they have reverse any of the such
input tax credit claimed on account of verification by the department
or any clerical errors which were noticed subsequent to filing of the
TRAN-1, such input tax credit reduced has to be reported in this section
of the Annual Return.
7G Reversal of TRAN-II credit
–
All the taxpayers who have availed input tax credit basis of the
transiti
= = = = = = = =
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= = = = = = = =
enerated.
7J – Net ITC Available for Utilization (60 – 71)
This is also system generated value but the only difference is the
amount of actual input tax credit availed is shown in this column of
annual return.
8 – Other ITC related information
In this section the amount of input tax credit availed on other
sources will be reported by the taxpayers.
8A – ITC as per GSTR-2A (Table 3 & 5 thereof)
In the GSTR-2A, the taxpayer will be able to see all the purchases
invoices uploaded by his supplier of good or services or both. Basis on
this he will come to know about the additional input tax credit which he
can avail as the same is not reflected in his purchase day book.
The input tax credit and the debit notes issued by the supplier of the
goods will be reflected here and this credit can be availed and shown
as reconciliation item in the GST Audit report.
The recipient has to follow up with his suppliers or within his
organization to trace such invoices / debit notes and account the
same in
= = = = = = = =
Plain text (Extract) only
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= = = = = = = =
nly. All
such transactions will be reported here.
There can be cases where the same are also not part of the financial
statements. This can include transactions related to continuous supply
of goods or services or the tax invoice has been issued and the goods
have been received in the next financial year or the final lot of goods
have been received after the close of the financial year.
–
All such transactions which are reported in the GSTR – 3B Table 4(A)
5 of the monthly returns filed from April 2018 to September 2018 will be
reported here.
8D – Difference [A-(B+C)]
This is an auto populated value based on the difference between
8A and sum of 8 B and C.
8E ITC available but not availed (out of D)
Aggregate value of the input tax credit which was available in
FORM GSTR-2A (table 3 & 5 only) but not availed in any of the FORM
GSTR-3B returns shall be declared here. The credit shall be classified
as credit which was available and not availed or the credit was not
availed as the s
= = = = = = = =
Plain text (Extract) only
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= = = = = = = =
that
information is handy and can be shared with various stake holders like
tax authorities or department or GST auditor.
8G – IGST paid on import of goods (including supplies from SEZ)
There can be cases where the goods imported have reached
the Indian Customs on the last day of the financial year and the
taxpayment has been made in the next financial year or the goods
must have reached the premises of the taxpayer after 1st of April but
the taxes have been paid before 31st March 2018.
In the above cases, the input tax credit will be availed only during
the month in which the goods have been received and reported in
GSTR-3B of April 2018. All such transactions have to be reported in this
section.
8H – IGST credit availed on import of goods (as per 6(E) above)
The input tax credit as declared in Table 6E shall be auto-populated
here.
81 – Difference (G-H)
This is again auto populated value and it will show the difference
between the values for rows IGST paid on import of goods (includ
= = = = = = = =
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= = = = = = = =
ity can
be through utilization of the input tax credit or paid through the cash
balances.
The amount paid to be reported is not only for the tax liability but
also for the amount related to the Interest, Late Fee, Penalty and any
other reasons.
– V
–
Part 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
In this section the input tax credit availed or to be reversed for the
transactions related to the previous financial year reported in the next
financial year are to be reported here.
Say for example the supplies have been made in the previous
financial year but there is a price increase and on the increased price
GST is applicable and the same is issued to the recipient through a
debit note, such transactions have to be reported here.
10
–
Supplies / tax declared through Amendments (+) (net of
debit notes)
Amendments for the tax invoices issued can be d
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
h is issued prior to 31st March 2018 all
Guidance Note on Annual Return of GST
37
COST
ACCOU
Tax Research Department, The Institute of Cost Accountants of India
such cases have resulted in reduction of the tax liability has to be
reported in this section of the annual return.
There can also be cases where the downward price revision has
happened for the supplies taken before 31st of March on account of
commercial arrangement, all such debit notes are also required to be
reported in this section.
The credit notes issued from 1st April 2018 to 30th September 2018
which are issued for the transactions related to previous financial year
and reported in the Table 9A, 9B & 9C of GSTR -1 in the monthly returns
has to be reported in this section of the Annual Return.
12 – Reversal of ITC availed during previous financial year
There can be cases where the inputs or services or capital goods
on which the input tax credit has been availed in the previous financial
years has to be reversed on acco
= = = = = = = =
Plain text (Extract) only
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= = = = = = = =
t financial year like in the banking industry.
Input tax credit on such cases also have to be reported in this section
of the Annual Return.
There could be cases where the final installments of the goods are
being received after the closure of the financial year but the some of
them have been already consumed in the previous financial years.
There could be cases where the inputs have been received in the
previous financial year and the input tax credit could not have been
claimed as the capitalization is done in the next financial year.
38
In such cases the input tax credit which has been reported in
Guidance Note on Annual Return of GST
F COST
ACCOUN
Tax Research Department, The Institute of Cost Accountants of India
the GSTR-3B from April to September 2018 has to be reported in this
column of the Annual Return.
14 – Differential tax paid on account of declaration in 10 & 11
above
In this section the differential tax paid for the amounts declared in
rows 10 and 11 has to be reported.
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
without payment
of taxes
Supplies made to SEZ units or SEZ Developers for authorized
operations without payment of taxes
Refund of input tax credit on account of inverted duty
structure
On account of deemed exports
Supplies to made to SEZ units or SEZ Developers for authorized
operations with payment of taxes
Export of services on payment of taxes
In all such cases the taxpayer can file refund and the total value of
the refund claimed will be reported in this section of the Annual Return.
Guidance Note on Annual Return of GST
39
COST
ACCOU
Tax Research Department, The Institute of Cost Accountants of India
15B – Total Refund sanctioned
The concerned officer based on the refund application submitted
will verify the same and validate the amount of refund eligible based
on the various provisions of the Act / Rules and the documentary
evidence submitted along with refund application.
The concerned officer may sanction the full amount of the refund
application filed or part of the refund ap
= = = = = = = =
Plain text (Extract) only
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= = = = = = = =
partment must have processed and issued
the refund amount but the other department must not have done the
same, in such cases the refund amount which is pending from one
department also has to be reported in this section.
15E -Total demand of taxes
The taxpayer must be filing the returns on timely basis but the
department must have issued notices under Section 73, 74 or 122 or
another relevant provisions of the Act / Rules on the grounds of evasion
of tax or nonpayment of taxes or for non-compliance of the various
procedures laid down under the Act or Rules, the concerned officer
may issue demand notices to the taxpayer and the sum of all the
demands have to be reported in this section of the Annual Return.
For some of the demand notices the payment must have been
made and for some it must not have been made or made under
protest, the total amount of the tax liability for the demands has to be
reported in this section of the Annual Return.
40
Guidance Note on Annual Return of GST
F COS
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
m the composition taxpayers during the previous financial
year. The total value of supplies can be derived from the accounting or
the ERP packages used by the taxpayers. While creating the supplier /
vendor master, the nature of registration of the supplier is also required
to be created and basis of this the total inward supplies received from
the composition taxpayers can be reported.
16B – Deemed supply under Section 143
The registered taxpayer can send the goods on job worker who can
be registered taxpayer or non-registered taxpayer under GST. When
goods are sent by the principal to a job worker GST is not applicable if
the same are returned within stipulated period. In case if the same are
not received, then it will be considered as deemed supply and, on that
taxes, will be applicable.
In case of inputs the same has to be returned from the job workers
location within 1 year and in case of capital goods it is three years.
Being the first year of rollout of GST, there will not be an
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
in the jewelry,
textile and FMCG. To verify and report such transactions, the
delivery challans have to be checked and basis on that the
transactions have to be reported.
All the tax invoices issued has to be reported, in case if it is
observed that tax invoices are not issued or for some it is missing,
tax invoices have to be issued for such cases and while reporting
the same in the monthly return interest also has to be paid for
the delayed period.
17 – HSN Wise Summary of outward supplies
In GST, all the transactions or documents issued should
have the HSN code and especially for the outward supplies it is
mandatory for all the taxpayers if their turnover is less above Rs.
150 lacs notified wide Notification No 12/2017-Central Tax dated
28/06/2017.
In this section summary of the outward supplies on which tax
has been paid or tax invoices issued has to be reported along
with the unit of measure for the item or service, the number of
units sold, taxable value, central tax amount, stat
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
the goods or services, the HSN
code wise has to be reported in this section.
In this section summary of the outward supplies on which tax
has been paid or tax invoices issued has to be reported along
with the unit of measure for the item or service, the number of
units sold, taxable value, central tax amount, state / union tax
amount, integrated tax amount and cess if applicable for any
of the products.
This information can be retrieved from the item ledger
or inventory reports generated using the accounting or ERP
software which the taxpayer is using.
The information has to be drawn for the accounting or ERP
as it is not reported anywhere in GST during the last financial
year.
19 – Late fee payable and paid
In this section the amount of late fee paid has to be reported.
19A Central Tax
Late is required to be paid by the taxpayers for the delay
in the return filing. The information related to the late fee paid
during the financial year can be derived from the Cash Ledger
as it has to b
= = = = = = = =
Plain text (Extract) only
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= = = = = = = =
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Tax Research Department, The Institute of Cost Accountants of India
Mar-18
Total
0
0
0
0
0
0
0
0
0
0
0
THE INSTITUTE OF COST
Guidance Note on Annual Return of GST
45
46
B2C Supplies as per GST Returns
–
Months
Intra State
Inter State
Total
Taxable
CGST
SGST
Cess
Taxable
IGST
Cess
Value
Value
Taxable
Value
CGST
SGST
IGST
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
THE INSTITUTE OF COST
| 3 |
Tax Research Department, The Institute of Cost Accountants of India
0
Total
0
0
0
0
0
0
0
0
0
0
Dec-17
Jan-18
Feb-18
Mar-18
Guidance Note on Annual Return of GST
B2C Differences between Financial Statements and GST Returns
–
| 3 |
Tax Research Department, The Institute of Cost Accountants of India
0
Intra State
Inter State
Total
Taxable
CGST
SGST
Cess Taxable
IGST
Cess
Value
Value
Taxable
Value
CGST
SGST
IGST
Guidance Note on Annual Return of GST
19665537068
47
0
0
0
0
0
0
0
0
0
0
THE INSTITUTE OF COST
48
B2C – Supplies as per Financial Statements
Months
Intra State
Inter
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
itute of Cost Accountants of India
0
F COST
ACCOUN
Tax Research Department, The Institute of Cost Accountants of India
4C – Zero rated supply (Export) on payment of tax (except
supplies to SEZs)
Exports as per Financial Statements
Months
Taxable Value
IGST Cess
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Total
0
0
0
Exports as per GST Returns
Taxable Value
IGST
Cess
Months
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Total
0
0
0
Exports Difference between Financial Statements & GST Returns
Months
Taxable Value
IGST
Cess
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Guidance Note on Annual Return of GST
51
COST
ACCOUNT
Dec-17
Jan-18
Tax Research Department, The Institute of Cost Accountants of India
Feb-18
Mar-18
Total
0
0
0
4D -Supply to SEZs on payment of tax
SEZ Supplies with payment of Tax as per Financial Statements
Months
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Total
0
Taxable Value
0
IGST
0
SEZ Supplies with payment of Tax as per G
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Note on Annual Return of GST
19973379338
0
0
0
Tax Research Department, The Institute of Cost Accountants of India
| 3 |
0
0
0
0
Deemed Exports – Difference between Financial Statements & GST Returns
55
0
0
0
THE INSTITUTE OF COST
M
Intra State
Inter State
SGST
Cess
Taxable
IGST
Cess Taxable
CGST
Value
Value
Taxable CGST
Value
Months
56
73378
Guidance Note on Annual Return of GST
0
Total
SGST
OF COST
THE IN
INSTITUTE
3 °
Tax Research Department, The Institute of Cost Accountants of India
IGST
0
0
0
0
0
0
0
0
0
0
4F- Advances on which tax has been paid but invoice has not been issued (not covered under (A) to (E)
above)
Advances for which tax invoices are not issued per Financial Statements
Tax Research Department, The Institute of Cost Accountants of India
Months
Intra State
Inter State
Total
Taxable
Value
CGST
SGST
Cess
Taxable
Value
IGST
Cess Taxable CGST
Value
SGST
IGST
Cess
Guidance Note on Annual Return of GST
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Tota
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Taxable
Value
CGST
SGST
Jul-17
Aug-17
IGST
THE INSTITUTE OF COST
Tax Research Department, The Institute of Cost Accountants of India
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Total
0
0
0
0
0
0
0
0
0
0
0
0
Sep-17
Guidance Note on Annual Return of GST
Inward Supplies under RCM as per GST Returns
Tax Research Department, The Institute of Cost Accountants of India
3
Intra State
Inter State
Total
Taxable
CGST
SGST
Cess Taxable IGST
Cess Taxable
CGST
SGST
IGST
Value
Value
Value
Guidance Note on Annual Return of GST
☠598277778
61
0
0
0
0
0
0
0
0
0
0
0
0
THE INSTITUTE OF COST
THE INSTITUTE OF COST
| 3 |
2
Inward Supplies under RCM – Differences between Financial Statements & GST Returns
Months
Intra State
Inter State
Total
Taxable CGST
SGST
Cess
Taxable
IGST
Cess Taxable CGST
SGST
IGST
Value
Value
Value
Tax Research Department, The Institute of Cost Accountants of India
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Total
0
0
0
0
0
0
0
0
0
0
0
0
Guidance Note on Annual
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
ess
Taxable
Value
IGST
Cess
Taxable
Value
CGST
SGST
IGST
3
Tax Research Department, The Institute of Cost Accountants of India
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Total
0
0
0
0
0
0
0
0
0
0
0
0
Guidance Note on Annual Return of GST
4J – Debit Notes issued in respect of transactions specified in (B) to (E) above (+)
65
THE INSTITUTE OF COST
99
Guidance Note on Annual Return of GST
Debit Notes issues for 4B to 4E as per Financial Statements
Intra State
Inter State
Total
SGST
Cess Taxable
IGST
Cess
Value
Taxable CGST
Value
SGST
IGST
Taxable CGST
Value
THE INSTITUTE OF COST
0
0
0
0
0
0
0
0
0
0
0
0
Tax Research Department, The Institute of Cost Accountants of India
Taxable
Value
Debit Notes issues for 4B to 4E as per GST Returns
Intra State
Inter State
Total
CGST
SGST
Cess Taxable IGST
Cess Taxable
CGST
SGST
IGST
Value
Value
Guidance Note on Annual Return of GST
15777777858
67
0
Tax Research Department, The Institute of Cost Accountants of India
3
0
0
0
0
0
0
0
0
0
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
GST is not paid / applicable
Non-GST
THE INSTITUTE OF COST
Tax Research Department, The Institute of Cost Accountants of India
Supplies on which
Months
Zero Rated
Supplies
Supplies to SEZ
GST is to be paid
by Recipient
Exempted
Nil Rated
Supplies
Supplies
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Total
0
0
0
0
0
Guidance Note on Annual Return of GST
0
Tax Research Department, The Institute of Cost Accountants of India
Differences between Financial Statements & GST Returns – Supplies on which GST is not paid / applicable
Supplies on which
Zero Rated
Supplies
Supplies to SEZ
GST is to be paid
by Recipient
Exempted
Supplies
Nil Rated
Jul-17
Non-GST
Supplies
Sep-17
Guidance Note on Annual Return of GST
( )
71
0
0
0
0
0
THE INSTITUTE OF COST
â„– 5H – Credit Notes issued in respect of transactions specified in A to F above (-)
Credit notes issued for Supplies on which GST is not paid / applicable – As per Financial Statements
THE INSTITUTE OF COST
Zero Rated
Months
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Supplies to
Supplies on
which GST is
SEZ
to be paid by
Exempted
Supplies
Non-GST
Nil Rated
Supplies
Recipient
0
Guidance Note on Annual Return of GST
7 7 7 7 7 7 7 7
0
0
0
0
0
51 – Debit Notes issued in respect of transactions specified in A to F above (+)
Debit Notes issued for Supplies on which GST is not paid / applicable – As per Financial Statements
Months
Zero Rated
Supplies
Guidance Note on Annual Return of GST
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Tax Research Department, The Institute of Cost Accountants of India
Supplies to
SEZ
Supplies on
which GST is
to be paid by
Recipient
Exempted
Supplies
Non-GST
Nil Rated
Supplies
Mar-18
Total
0
0
0
0
0
Feb-18
75
0
THE INSTITUTE OF COST
M
76
THE INSTITUTE OF COST
Debit Notes issued for Supplies on which GST is not paid / applicable – As per GST Returns
Zero Rated
Months
Supplies
Non-GST
Supplies to
SEZ
Supplies on
which GST is
to be paid by
Exempted
Supplies
Nil Rated
Supplies
Recipient
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Department, The Institute of Cost Accountants of India
Feb-18
Mar-18
Total
0
0
0
0
0
0
0
0
0
0
0
0
Dec-17
Jan-18
Guidance Note on Annual Return of GST
ITC on Inward Supplies 6B as per GST Returns
Taxable
Value
Intra State
CGST
Inter State
Total
SGST
Cess Taxable
IGST
Cess Taxable
CGST
SGST
Value
Value
Guidance Note on Annual Return of GST
80 9988883971
Total
IGST
3.
Tax Research Department, The Institute of Cost Accountants of India
0
0
0
0
0
0
0
0
0
0
0
0
79
THE INSTITUTE OF COST
Difference as per Financial statements & GST Returns ITC on Inward Supplies 6B as per GST Returns
Inter State
Intra State
Taxable
CGST
SGST
Cess
Value
Taxable
Value
Total
IGST
Cess
Taxable CGST
Value
SGST
IGST
THE INSTITUTE OF COST
0
0
0
0
0
0
888888888
80
Guidance Note on Annual Return of GST
0
Tax Research Department, The Institute of Cost Accountants of India
0
0
0
0
0
The Input Tax Creditfor Inputs, Capital Goods & Services has to be derived.
Tax Research Department, The Institute of Cost Accountants of
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Taxable CGST
SGST
Cess
Taxable
IGST
Cess
Value
Value
Taxable CGST
Value
SGST
IGST
Jul-17
Guidance Note on Annual Return of GST
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Total
0
0
0
0
0
0
0
Tax Research Department, The Institute of Cost Accountants of India
. 3
0
0
0
0
0
The Input Tax Credit for Inputs, Capital Goods & Services has to be derived.
83
THE INSTITUTE OF COST
8 6D – Inward supplies received from registered persons liable to reverse charge (other than B above) on
which tax is paid and ITC availed
ITC on Inward Supplies 6D as per Financial Statements
THE INSTITUTE OF COST
Months
Intra State
Inter State
Total
Taxable CGST
SGST
Cess
Taxable
IGST
Cess Taxable CGST
SGST
IGST
Value
Value
Value
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Tax Research Department, The Institute of Cost Accountants of India
Feb-18
Mar-18
Total
0
0
0
0
0
0
0
0
0
0
0
0
Dec-17
Jan-18
Guidance Note on Annual Return of GST
Intra State
Inter State
Total
Taxable
CGST
SGST
Cess
Taxable
IGST
Cess
Value
Val
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
al Statements
Months
Taxable Value
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Total
0
0
Inter State
IGST
ITC on Inward Supplies 6E as per GST Returns
0
Months
Taxable Value
Inter State
IGST
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Total
0
0
0
Guidance Note on Annual Return of GST
Cess
Cess
F COST
ACCOUN
87
COST
ACCOUNT
Tax Research Department, The Institute of Cost Accountants of India
Difference as per Financial statements & GST Returns ITC on
Inward Supplies 6E as per GST Returns
Months
Taxable Value
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Total
0
0
Inter State
IGST
0
Cess
The Input Tax Credit for Inputs&Capital Goods has to be derived
6F – Import of services (excluding inward supplies from SEZs)
ITC on Inward Supplies 6F as per Financial Statements
Months
Jul-17
Taxable Value
Inter State
IGST
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Total
0
0
0
88
Cess
Guidance Note on Annual Return of GST
Tax Research D
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
Taxable
CGST
SGST
IGST
Value
Value
Value
ITC on Inward Supplies 6G as per GST Returns
Tax Research Department, The Institute of Cost Accountants of India
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Total
0
0
0
0
0
0
0
0
0
0
0
0
Guidance Note on Annual Return of GST
91
THE INSTITUTE OF COST
✓ Difference as per Financial statements & GST Returns ITC on Inward Supplies 6G as per GST Returns
E INSTITUTE OF COST
Tax Research Department, The Institute of Cost Accountants of India
nð
Months
Intra State
Inter State
Total
Taxable
Value
CGST
SGST
Cess Taxable
IGST
Cess Taxable CGST
SGST
IGST
Value
Value
Jul-17
Aug-17
Sep-17
Oct-17
Nov-17
Dec-17
Jan-18
Feb-18
Mar-18
Total
0
0
0
0
0
0
0
0
0
0
0
0
Guidance Note on Annual Return of GST
6H – Amount of ITC reclaimed (other than B above) under the provisions of the Act
ITC on Inward Supplies 6H as per Financial Statements
Tax Research Department, The Institute of Cost Accountants of India
| J
Months
Intra State
Inter State
= = = = = = = =
Plain text (Extract) only
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= = = = = = = =
TUTE OF COST
OF COST
ACCOUNT
Tax Research Department, The Institute of Cost Accountants of India
DUE DATES OF GST RETURN FILING
Due Dates for filing of GST Returns – to be used for computing
late fee
96
GSTR-1
Quarterly Return filing
Jul-Sep 2017
10-Jan-18
Oct
–
Dec
|2017
15-Feb-18
Jan Mar 2018
30-Apr-18
Monthly Filing
Jul-17
10-Jan-18
Aug-17
10-Jan-18
Sep-17
10-Jan-18
Oct-17
10-Jan-18
Nov-17
10-Jan-18
Dec-17
10-Feb-18
Jan-18
10-Mar-18
Feb-18
10-Apr-18
Mar-18
10-May-18
GSTR – 3B
Monthly Filing
Jul-17
20-Aug-17
Aug-17
20-Sep-17
Sep-17
20-Oct-17
Oct-17
20-Nov-17
Nov-17
20-Dec-17
Dec-17
22-Jan-18
Jan-18
20-Feb-18
Feb-18
20-Mar-18
Mar-18
20-Apr-18
Guidance Note on Annual Return of GST
Tax Research Department, The Institute of Cost Accountants of India
GSTR – 4
Quarterly Return filing
24-Dec-
Jul-Sep 2017
17
Oct-Dec 2017
18-Jan-18
–
Jan Mar 2018
18-Apr-18
GSTR – 6
Monthly Filing
Jul-17
30-Sep-18
Aug-17
30-Sep-18
Sep-17
30-Sep-18
Oct-17
30-Sep-18
Nov-17
30-Sep-18
Dec-17
30-Sep-18
Jan-18
30-S
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
ountants of India
Advances on which tax has been
F
paid but invoice has not been
G
H
|
J
issued (not covered under (A) to
(E) above)
Inward supplies on which tax is to
be paid on reverse charge basis
Sub-total (A to G above)
Credit Notes issued in respect of
transactions specified in (B) to (E)
above (-)
Debit Notes issued in respect of
transactions specified in (B) to (E)
above (+)
K
Supplies / tax declared through
Amendments (+)
L
Supplies / tax reduced through
Amendments (-)
M
Sub-total (I to L above)
N
Supplies and advances on which
5
A
tax is to be paid (H + M) above
Details of Outward supplies on which tax is not payable as
declared in returns filed during the financial year
Zero rated supply (Export) without
payment of tax
B
Supply to SEZs without payment of
tax
Supplies on which tax is to be paid
by the recipient on reverse charge
basis
Exempted
C
D
E
Nil Rated
F
Non-GST supply
G Sub-total (A to F above)
H
Credit Notes issued in respect of
transactions specified
in A to F above
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
s
liable to reverse charge
(other than B above) on
which tax is paid & ITC
availed
Inward supplies received
D
from registered persons
liable to reverse charge
(other than B above) on
which tax is paid and ITC
availed
Inputs
Capital Goods
Input Services
Inputs
Capital Goods
Input Services
Guidance Note on Annual Return of GST
Tax Research Department, The Institute of Cost Accountants of India
E
Import of goods (including
Inputs
supplies from SEZs)
Capital Goods
F
Import of services (excluding inward supplies
from SEZs)
G
Input Tax credit received from ISD
H
Amount of ITC reclaimed (other than B
above) under the provisions of the Act
|
Sub-total (B to H above)
J
Difference (I – A above)
Transition Credit through TRAN-I (including
K
revisions if any)
L Transition Credit through TRAN-II
M
N
О
7
Α
AB
Any other ITC availed but not specified above
Sub-total (K to M above)
Total ITC availed (I + N above)
Details of ITC Reversed and Ineligible ITC as declared in returns filed
during the
= = = = = = = =
Plain text (Extract) only
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= = = = = = = =
e (G-H)
ITC available but not availed on import of
goods (Equal to 1)
Total ITC to be lapsed in current financial year
(E + F + J)
Details of tax paid as declared in returns filed during the financial year
Paid through ITC
9 Description
Tax
Payable
a
7
Paid through
cash
Central Tax
State Tax /
UT Tax
Integrated
Tax
Cess
1
2
3
4
5
Integrated Tax
Central Tax
State/UT Tax
Cess
Interest
Late fee
Penalty
Other
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
Guidance Note on Annual Return of GST
Tax Research Department, The Institute of Cost Accountants of India
Description
1
10 Supplies/tax declared through
Amendments (+) (net of debit notes)
11 Supplies / tax reduced through
Amendments (-) (net of credit notes)
12 Reversal of ITC availed during previous
financial year
13
ITC availed for the previous financial
year
14
F COST
2
3
4
5
6
Differential tax paid
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
de
Total
Quantity
Taxable Rate of Central
State
Inte-
Value
Ταχ
Ταχ
Tax/UT grated
Cess
Tax
Tax
1
2
3
4
5
6
7
8
9
A
Central Tax
B
State Tax
Description
1
Payable
Paid
2
3
Verification:
I hereby solemnly affirm and declare that the information given
herein above is true and correct to the best of my knowledge and
belief and nothing has been concealed there from and in case of any
reduction in output tax liability the benefit thereof has been/will be
passed on to the recipient of supply.
Place
Signatory
Date
104
Signature
Name of Authorised
Designation/Status
Guidance Note on Annual Return of GST
Tax Research Department, The Institute of Cost Accountants of India
Guidance Note on Annual Return of GST
FORM GSTR-9A
(See rule 80)
Annual Return (For Composition Taxpayer)
Basic Details
Financial Year
GSTIN
Legal Name
Trade Name (if any)
Period of composition scheme during the year (From
– To
)
Aggregate Turnover of Previous Financial Year
(Amount in in all tables)
Details
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
s
Details of tax paid as declared in returns filed during the financial year
Description
1
Integrated Tax
Central Tax
State/UT Tax
Total tax payable
Paid
2
3
THE INSTITUTE OF COST
Tax Research Department, The Institute of Cost Accountants of India
“3.
+
Are you liable to audit under any Act?
(Amount in in all tables)
Reconciliation of turnover declared in audited Annual Financial Statement with turnover declared in Annual Return
(GSTR9)
Reconciliation of Gross Turnover
Turnover (including exports) as per audited financial statements for the State / UT
(For multi-GSTIN units under same PAN the turnover shall be derived from the audited
Annual Financial Statement)
110
E-N8 8, Znk mUOw
Guidance Note on Annual Return of GST
Unbilled revenue at the beginning of Financial Year
Unadjusted advances at the end of the Financial Year
Deemed Supply under Schedule |
(+)
(+)
(+)
Credit Notes issued after the end of the financial year
but reflected in the annual return
(+)
Tax Research Department,
= = = = = = = =
Plain text (Extract) only
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= = = = = = = =
Reconciliation of Taxable Turnover
Annual turnover after adjustments (from 5P above)
Value of Exempted, Nil Rated, Non-GST supplies, No-Supply turnover
Zero rated supplies without payment of tax
Supplies on which tax is to be paid by the recipient on reverse charge basis
Taxable turnover as per adjustments above (A-B-C-D)
Taxable turnover as per liability declared in Annual Return (GSTR9)
Unreconciled taxable turnover (F-E)
Reasons for Un – Reconciled difference in taxable turnover
Reason 1
Reason 2
Reason 3
>
>
>
Guidance Note on Annual Return of GST
Reconciliation of rate wise liability and amount payable thereon
Reconciliation of tax paid
Description
1
Tax payable
Taxable Value
Central tax
2
3
AT 2
Tax Research Department, The Institute of Cost Accountants of India
Statetax/UTtax
Integrated Tax
Cess, if appli-
cable
5
6
5%
Guidance Note on Annual Return of GST
Kooouu01_mx_820a0..2x
xXxXxXxxn66 IV Jüli
113
Total amount to be paid as per tables above
Total amount paid as declared
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
arlier Financial Years claimed in current
(+)
Financial Year
C
ITC booked in current Financial Year to be claimed in
subsequent Financial Years
(-)
D
ITC availed as per audited financial statements or books of account
E
ITC claimed in Annual Return (GSTR9)
F
Un-reconciled ITC
ITC 1
13
Reasons for un-reconciled difference in ITC
A Reason 1
>
B
Reason 2
C
Reason 3
14
>
>
Reconciliation of ITC declared in Annual Return (GSTR9) with ITC availed on expenses as per audited Annual Financial
Statement or books of account
Guidance Note on Annual Return of GST
Description
1
A
Purchases
B
Freight Carriage
C
Power and Fuel
115
Value
2
Amount of Total ITC
Amount of eligible ITC availed
3
4
THE INSTITUTE OF COST
M
116
Imported goods (Including
D received from SEZs)
E Rent and Insurance
LL
F
G
Goods lost, stolen, detroyed,
writtenoff or disposed of by
way of gift or freesamples
Royalties
Employees' Cost (Salaries,
H
wages, Bonus etc.)
Conveyance charges
J
K
Bank Charges
Entertainment charges
Station
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
