GUIDANCE NOTE ON ANNUAL RETURN OF GST
GST
Dated:- 6-10-2018
=============
\nDocument 1GUIDANCE NOTE ON
\nANNUAL RETURN OF
\nGST
\nNOTE
\nNUAL
\nGST
\nGUIDANCE
\nTHE INSTITUTE OF COS
\nRETURN
\nCOUNTANTS OF INDIA
\n*
\n\u00e0\u00a4\u00a4\u00e0\u00a4\u00ae\u00e0\u00a4\u00b8\u00e0\u00a5\u2039 \u00e0\u00a4\u00ae\u00e0\u00a4\u00be
\n\u00e0\u00a4\u0153\u00e0\u00a5\u008d\u00e0\u00a4\u00af\u00e0\u00a5\u2039\u00e0\u00a4\u00a4\u00e0\u00a4\u00bf\u00e0\u00a4\u00b0\u00e0\u00a5\u008d\u00e0\u00a4\u2014\u00e0\u00a4\u00ae\u00e0\u00a4\u00af
\nTHE INSTITUTE OF COST ACCOUNTANTS OF INDIA
\n(Statutory body under an Act of Parliament)
\nIntroductory Edition: October, 2018
\nPublished by
\nThe President
\nThe Institute of Cost Accountants of India
\nCMA Bhawan
\n12, Sudder Street, Kolkata – 700016
\nDelhi Office
\nCMA Bhawan
\n3, Institutional Area, Lodhi Road, New Delhi – 110003
\nComplimentary Edition
\nThe Institute of Cost Accountants of India
\n(Statutory body under an Act of Parliament)
\nAll rights reserved
\nDisclaimer:
\nThis Publication does not constitute professional advice. The
\ninformation in this publication has been obtained or derived from
\nsources believed by the Institute of Cost Accountants of India (ICAI)
\nto be reliable. Any opinion<\/p>\n
= = = = = = = =<\/p>\n
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As per the = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n tem in the Audit Report. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n t claimed which = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ITC availed but not specified above = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n or = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n reversed if the credit is taken at the time of return = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n enerated. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n nly. All = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n that = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ity can = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n h is issued prior to 31st March 2018 all = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n t financial year like in the banking industry. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n without payment = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n partment must have processed and issued = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n m the composition taxpayers during the previous financial = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n in the jewelry, = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n the goods or services, the HSN = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n \nOct-17 = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n itute of Cost Accountants of India = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n Note on Annual Return of GST = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n Taxable = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ess = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n GST is not paid \/ applicable = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n Supplies to = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n Department, The Institute of Cost Accountants of India = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n Taxable CGST = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n al Statements = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n Taxable = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n TUTE OF COST = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ountants of India = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n s = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n e (G-H) = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n de = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n s = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n Reconciliation of Taxable Turnover = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n arlier Financial Years claimed in current = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" GUIDANCE NOTE ON ANNUAL RETURN OF GST GSTDated:- 6-10-2018============= Document 1GUIDANCE NOTE ON ANNUAL RETURN OF GST NOTE NUAL GST GUIDANCE THE INSTITUTE OF COS RETURN COUNTANTS OF INDIA * \u00e0\u00a4\u00a4\u00e0\u00a4\u00ae\u00e0\u00a4\u00b8\u00e0\u00a5\u2039 \u00e0\u00a4\u00ae\u00e0\u00a4\u00be \u00e0\u00a4\u0153\u00e0\u00a5\u008d\u00e0\u00a4\u00af\u00e0\u00a5\u2039\u00e0\u00a4\u00a4\u00e0\u00a4\u00bf\u00e0\u00a4\u00b0\u00e0\u00a5\u008d\u00e0\u00a4\u2014\u00e0\u00a4\u00ae\u00e0\u00a4\u00af THE INSTITUTE OF COST ACCOUNTANTS OF INDIA (Statutory body under an Act of Parliament) Introductory Edition: October, 2018 Published by The President … Continue reading “GUIDANCE NOTE ON ANNUAL RETURN OF GST”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14286","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14286"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14286\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nfeeling proud too. When I first got the draft, I immediately started brushing through it. Though I
\nhaven't completed, but the contents seem to be enriching and intriguing. It is indeed a great work,
\nand I look forward to reading more such notes.
\nWe all are aware that, GST is an integrated scheme of taxation that does not discriminate between
\ngoods and services and is a part of the tax reforms that centre on evolving an efficient and
\nharmonized consumption tax system in the country. In India we had different taxes before the
\nrollout of GST and there were different returns for different taxes and used to differ from state to
\nstate especially in the case of VAT, which was at state level.
\nGST Annual return has to be filed by every taxpayer as per provisions of Section 44 of the CGST Act
\n2017. This guidance note on Annual return is especially significant since, the return is being filed for
\nthe first time after the rollout of GST last year. The taxpayers may<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nmonths team TRD has published “A Guidance Note on GST Audit”, “A
\nHandbook on E-Way Bill” and “A Compilation of GST Notifications and
\nCirculars for the 1st Year of GST”. This continuous effort of the Team is
\nbeing widely appreciated by the Stakeholders. Our Resource Persons
\nhave always been in support to enrich all our efforts.
\nWe are thankful to our very own CMA B. Mallikarjuna Gupta for his
\nendless support and encouragement to Team TRD.
\nApart from the publications, the Institute has also taken various initiatives
\non taxation field including launching three new courses on Taxation
\nnamely Advanced Certificate Course on GST, Certificate Course on
\nFiling of Return and Certificate Course on TDS.
\nAll the three courses are being launched and admissions for these
\nthree courses are going on.
\nBringing out the “Guidance note on GST Annual Return” would surely
\nadd another feather to the cap. The information to be shown in the
\nannual return is a summary level t<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\npassed in the Parliament on 29th March 2017. The Act came
\ninto effect on 1st July 2017; Goods & Services Tax Law in India
\nis a comprehensive, multi-stage, destination-based tax that is
\nlevied on every value addition. In simple words, Goods and
\nService Tax (GST) is an indirect tax levied on the supply of goods
\nand services. This law has replaced many indirect tax laws.
\nthat previously existed in India. GST is one indirect tax for the
\nentire country.GST has mainly removed the Cascading effect
\non the sale of goods and services. Removal of cascading
\neffect has directly impacted the cost of goods. Since tax on
\ntax is eliminated in this regime, the cost of goods decreases.
\nAlso, GST is also mainly technologically driven. All activities like
\nregistration return filing, application for refund and response to
\nnotice needs to be done online on the GST Portal. This will speed
\nup the processes.
\nThe Government has notified a new return form for goods.
\nand services tax (GST) that will have <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nGuidance Note contains all the details of GST Annual Return in
\na lucid language with illustrations and FAQs which would help
\nthe readers to clear their doubts from the basics. It is unusual in
\nsimplicity with which the various aspects of GST Annual Return
\nhave been dealt with. At the same time, the treatment of the
\nsubject is both comprehensive and easy to follow.
\nHere, we would also like to thank and acknowledge the
\nimmense contributions of CMA B Mallikarjuna Gupta without
\nwhose hard work, toil and guidance the handbook could have
\nnever acquired its shape. The department is indebted to him
\nfor his contributions. CMA Niranjan Mishra, Chairman – Taxation
\nCommittee has been our guiding star. Thank you Sir.
\nTax Research Department
\nInstitute of Cost Accountants of India
\nGuidance Note on Annual Return of GST
\nTax Research Department, The Institute of Cost Accountants of India
\nACKNOWLEDGEMENTS
\nTaxation Committee 2018-2019
\nCMA Amit Anand Apte – President\n<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n6. Notified Formats of Annual Return
\nGSTR 9 – Annual Return
\nGSTR 9A-Annual Return
\n(For Composition Taxpayer)
\nGSTR 9C – Reconciliation Statement
\n8
\nGuidance Note on Annual Return of GST
\nTax Research Department, The Institute of Cost Accountants of India
\nF COST
\nACCOUN
\nOVERVIEW OF ANNUAL RETURNS
\nReturns have to be filed in any tax regime by the taxpayers at
\nperiodic intervals to state their tax lability along with the input tax credit
\nclaimed. Tax returns have to be filed for any tax that is being levied and
\ncollected by the Governments irrespective of the tax being a direct
\ntax or indirect tax. The data collected from these tax returns helps the
\nGovernment officials to formulate the policies and strategies and also
\nensure that there is no revenue leakage in the system. Now a days
\nthe tax departments are also using new techniques and analysis like
\nbig data, Hadoop etc. for analysis of the data and identify fraudulent
\ntransactions easily which was very tough to identif<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n5
\n5
\nRegister
\n1
\n1
\nTotal
\n473
\n16
\n6
\n495
\nGuidance Note on Annual Return of GST
\n9
\nCOST
\nACCOU
\nTax Research Department, The Institute of Cost Accountants of India
\nOne good thing in GST is there only one common return for the
\ncentral and the state taxes but the major difference is the taxpayers
\nhave to file transactional data in all the cases except in reporting of
\ntransactions related to B2C, advances received but tax invoices not
\nissued. Reporting of transactional level data means the taxpayers have
\nto be more organized and also adopt to the information technology
\nby using accounting software's as they reduce the human errors while
\nfiling of the returns. Usage of accounting software does not address the
\ncomplete requirements of filing of tax returns, the ledger accounts are
\nalso required to be structured accordingly else it will be a herculean
\ntask for compiling of the data for GST return filing on monthly basis or
\nfiling of annual return.
\nIn GST the taxpayers have to file different returns<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n9
\nForm GSTR-11
\nDetails of inward supplies to be
\nfurnished by a person having UIN
\nReturns have to be filed by the taxpayers in GST basis of the
\nprovisions given in Chapter IX from Section 37 to Section 48 and based
\n10
\nGuidance Note on Annual Return of GST
\nF COST
\nACCOUN
\nTax Research Department, The Institute of Cost Accountants of India
\non Chapter 8 of CGST Rule 59 to 81.
\nAs per provisions of Section 44 of the CGST Act 2017, all taxpayers
\nregistered under GST has to file Annual Return other than taxpayers
\npaying tax under Section 51 (Tax Deduction at Source), Section 52
\n(Collection of Tax at Source), Casual Taxable Person, Input Service
\nDistributor & Non-Resident Taxable Person by 31st December of the next
\nfinancial year. The Annual Return to be filed in FORM GSTR – 9 and 9A
\nhas been notified wide Notification No 39 \/ 2019 (Central Tax) dated 4th
\nSeptember 2018.
\nAs per provisions of Sub-rule 3, Rule 80 Every taxable person whose
\naggregate turnover is above Rs 200 Lacs have to get <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nimprovement from the taxpayer's side and this opportunity can be
\navailed by them. Matching is being differed from time to time in GST as
\nthe Government feels it is early to adopt to the process as the taxpayers
\nare not yet used to the process of filing three different returns. To make
\nthe taxpayers ease in return filing, a simple return has been introduced
\nby the Government.
\nThe information to be shown in the annual return is a summary level
\ntransaction which have taken place from 1st of July 2017 to 31st March
\n2018. There is also a requirement to show if any debit note or credit note
\nissued from first of April 2018 to 30th September 2018 for transactions
\nrelated to 1st July 2017 to 31st March 2018. Apart from this data the
\ntaxpayer also has to show information related to his tax liabilities and
\ninput tax credit availed at a granular level. This information will help the
\ntax authorities to do analysis and take corrective action on the event
\ntaxpaye<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\ndepartment can issue a notice for such taxpayers for non-filing of
\nReturns. Whenever a taxpayer receives such notice the taxpayer has
\nto file the return within 15 days of receipt of the notice.
\nApart from this penal provision, there is also late fee applicable
\nin case of the delayed filing of GST annual return as per provisions of
\nsection 47 of the CGST Act 2017, late he is also applicable. as per the
\nprovisions of the Act, a late fee of rupees hundred is applicable for
\ndelay of each day and the maximum amount of late fee that can be
\nlevied in case of taxpayers who have filed delayed returns is up to .25%
\nof the turnover in the respective state or union territory.
\nAnnual return under GST has to be filed for each GSTIN or the
\nregistration in which the taxpayer has taken the GST registration
\nnumber. The provisions of the late fee are applicable for each state
\nor union territory separately. For example, if the taxpayer has taken
\nregistration in two differe<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nthe return has to be selected \/ entered by the taxpayer. While filing the
\nreturn for the period July 2017 to March 2018, the FY has to be selected
\nfrom July 2017 to March 2018.
\nIn the Second section of the Annual Return, the GSTIN (Goods and
\nService Tax Identification Number) has to be selected \/ entered by the
\ntaxpayer.
\nIn the Third section, the legal entities name has to be entered in
\nSection 3A like the Company's name or name of the partnership firm
\nor any other legal entity, its name has to be entered by the taxpayer.
\nIn case of 3B, it will be applicable only in cases related to sole traders
\nor proprietor's the PAN card will be in the name of the proprietor and
\nthe business name can be different, in such cases the trade name or
\nbusiness name has to be selected \/ entered.
\nSection Four relates to the supplies and this is very important one,
\nfor the values entered here if there are any differences found out
\nsubsequen<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nPREREQUISITES \/ CHECK LIST FOR
\nFILING OF ANNUAL RETURNS
\nThere are certain steps or process to be completed before starting
\nthe process of preparation of Annual Return. Following these steps
\nensures that there are no differences between the data shared and
\nfiled with various departments like Income Tax, Registrar of Companies,
\nDirector General of Foreign Trade and with the Reserve Bank of India
\npayment systems e-kuber. As on date, department is verifying data
\nbetween various returns filed from time to time. Even last year also the
\ndepartment has issued notices to various taxpayers registered in GST
\nfor the differences in the turnover reported in the income tax and the
\nGST Returns.
\nBefore finalizing the books of accounts for the Financial year ensure
\nthat the following process is completed
\n14
\n(a) Verify all the tax invoices issued for the supply of goods or
\nservices or both and the same are accounted in the financial
\nstatements and reported in the GST Returns.
\n(b)
\n(c)
\n(d)
\n(e)
\n(f)
\nVeri<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n(m)
\n(n)
\n(0)
\n(p)
\n(q)
\n(r)
\nCross check the banking statements with the debtors \/ aging
\nreports to verify all the advances receipts are issued and
\ntaxes are paid if the supply of the goods and services has not
\ntaken place in the same month.
\nVerify for all the tax invoices the valuation process is followed
\nand the taxes are computed correctly.
\nVerify and ensure that the e-waybill data filed matches with
\nthe tax invoice data where ever it is applicable.
\nVerify and ensure that the goods sent out for the job work
\nare returned back within one year in case of inputs and if not
\nissue a tax invoice before the filing of the annual return.
\nVerify and ensure that the HSN codes used on the outward
\nsupplies documents are correct and if there is any deviation
\nissue an amendment document and inform the customers
\naccordingly.
\nEnsure that the HSN codes along with the unit of measure is
\nfollowed as per the Customs Tariff Act.
\nEnsure that the number of digits of the HSN code is followed
\ncorrectly across <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nor services or both is not delivered or services executed as
\nper the provisions of the Act.
\nGuidance Note on Annual Return of GST
\n15
\nCOST
\nACCOU
\n(s)
\n(\u20ac\u00a0)
\n(U)
\n(V)
\nTax Research Department, The Institute of Cost Accountants of India
\nVerify if the suppliers of goods or services or both have filed
\nthe GST Returns up to 31st March 2018
\nVerify if the invoices uploaded by the supplier of goods or
\nservices or both have accounted with the same values and
\nthere are no differences.
\nVerify if the date on which the capitalization of fixed assets
\nand the date of input tax credit claimed in same else ensure
\nthe taxpayer pays the interest on such if the input tax credit
\nis taken first and then capitalization is done at a later date.
\nVerify if the input tax credit is taken correctly as per the
\nprovisions of Section 16 and section 17 of the CGST Act 2018.
\n(w) Verify and ensure that there are no debit notes issued to
\nsupplier of goods or services or bo<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nSupplies made to Un-registered person (B2C) – In this section all the
\nsupplies made to the unregistered taxpayers from 1st of July 2017 to 31st
\nMarch 2018 has to be reported here. Care should be taken in cases
\nwhere the taxpayers have by mistake have issued invoices are B2C
\nbut subsequently the same have be converted as B2B invoices. The
\nconversion can be done through the amendments section in the GSTR
\n– 1. In the financial statements, the turnover will be reported at PAN
\nIndia level and for reporting the turnover at the GSTIN level, due care
\nmust be taken else it will create reconciliation issues and under \/ over
\nreporting in one state and also impacting the tax payments.
\nTransactions to be included in this section are
\n1.
\n2.
\n3.
\n4.
\nB2C invoices less than Rs 2 Lacs which are reported in GSTR –
\n1 as B2C (Others), Table 7
\nB2C Invoices above Rs 2.5 Lacs which is reported in the GSTR
\n– 1 as B2C large invoices in section, Table 5,
\nB2C Credit Notes \/ Debit Notes which are rep<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n1.
\n2.
\n3.
\nInterstate state supplies
\nIntra state supplies
\nSupplies to UN Bodies, Embassies, Government offices etc.,
\nPreparation of this sections and subsequent sections will be a time-
\nconsuming process at the data shown in table can be derived from the
\nTable 4A, 4B, 4C, 6B, & 6C as it has to exclude the following transactions
\nDeemed Exports
\nSupplies to SEZ with Payment of Tax
\nSupplies to SEZ without Payment of Tax
\nSupplies which attract Reverse Charge
\nThe data being entered here has to be crossed checked with the
\nfinancial books if the taxpayer has maintained ledgers accordingly.
\nThe data can also be derived easily if the taxpayer has maintained
\ndifferent document types or invoice series for each of the transactions.
\nSection 4C – Zero Rated Supplies (Export) on Payment of Tax
\n(Except supplies to SEZ)
\nIn this section the tax payer has to report export sales made during
\nthe return filing period. The transactions to be shown in th<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\npayment”.
\nThe taxpayers can also derive the data from the ledgers or if they
\nhave maintained separate invoice series. In either of the cases they
\nhave to validate with the data already filed in the monthly GSTR – 1
\nreturns.
\nSection 4E – Deemed Exports
\nDeemed exports are notified in the GST wide Notification No 48\/2017
\n– Central Tax dated 18\/10\/2017and supplies to deemed exports has to
\nbe reported separately in the monthly GSTR – 1 return in table 4A of
\nB2B Supplies for records which are flagged as Deemed Exports. Data
\ncan be derived from there and verified. Unlike in the case of exports
\nwhere the taxes payment is only for IGST, in case of deemed exports
\nthe supplies can be inter state and intra state, ensure that the taxes
\nare shown accordingly on the tax invoices and also reported correctly.
\nThe only difference in case of deemed exports is there is an option
\nto supply the goods at a lower rate of 0.10 %. When the taxpayer
\navails the lower rate ensure the applicable pro<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nshown in the balance sheet has to be reconciled.
\nSection I – Credit Note issued in respect of transaction
\nspecified in (B) to (E) (-)
\nIn this section, the credit notes issued for the outward supply of
\ngoods or services has to be reported CGT as per the provisions of
\nGuidance Note on Annual Return of GST
\n19
\nCOST
\nACCOU
\nTax Research Department, The Institute of Cost Accountants of India
\nSection 34 of the CGST Act 2018, a credit note has to be issued only by
\nthe supplier of goods or services.
\nEnsure that the credit notes are issued by the taxpayer only for the
\noutward supply of goods or services or both. If there are any transactions
\nfor which the credit note has been issued for inward supply of goods or
\nservices or both the same should be reversed and applicable interest
\nshould be paid on such transaction.
\nAll the credit notes which have been issued under GST as per
\nprovisions of section 34 means that the outward liability o<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nnote can be issued for any period. The only difference between the
\ncredit note and debit note is that the debit note increases the liability
\nof taxes to be paid by the taxpayer.
\nVerify and ensure that the taxpayer has not issued any debt notes
\nfor the inward supply of goods for any shortages or breakages or price
\nvariation between the contract of supply and the actual supply. if
\nthere are any such debit notes issued for the inward supply of goods or
\nservices or both the same has to be reversed in the GST annual return.
\nAt the time of reversal, necessary accounting entries also have to be
\nwritten and passed by the taxpayer in his books of accounts and also
\ncommunicated to his suppliers is the debit notes are issued for the
\noutward supply there is no impact as there is no restriction on them.
\nFor an issue of a debit note but the only difference in this act is the
\ntaxpayer has to communicate the same to his customers and then
\nreport the same in the GST R<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nreflected in the GST return the corresponding impact is also reflected
\nin the financial statements is not equal to reconciliation issues and
\nsubsequent scrutiny and notice orders from the department.
\nIs detailed statement has to be provided for the amendments carried
\nout and its impact on the financial statements and corresponding
\nthey the same has to be updated in the annual return for differences
\nobserved?
\nSupplies and advances on which tax is to be paid (H + M) above
\nIn this section, the total value of the taxable supplies and advance
\non which tax has to be paid will be reported this will be an auto
\ncomputed amount based on the values declared in the previous rows.
\n5 Details of Outward Supplies on which tax is not payable as
\ndeclared in the returns during the financial year.
\n5A – Zero Rated Supply (Export) without payment of tax
\nExports can be done with payment of duty or without payment of
\nDuty. In Table 4 we have reported he exports made out <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nSupplies to SEZ or SEZ developer can be made with payment of
\ntaxes or without payment of taxes. Supplies made with payment of
\ntaxes is reported in Table 4, section C and in this section, we will report
\nthe SEZ supplies without payment of tax.
\nThe data for SEZ supplies can be obtained from Table 4A of the
\nmonthly GSTR – 1 and the data has to be reconciled with the financial
\nstatements. If there are any missing invoices in the GSTR return filed
\npreviously for the transaction related to the last financial year, the same
\ncan be rectified and shown as part of this section in the Annual Return.
\n5C – Supplies on which tax is to be paid by recipient on reverse
\ncharge basis
\n–
\nIn this section for the outward supplies on which taxes are to be
\npaid by the receipt of goods or services or both has to be reported.
\nReverse charge is applicable on specific category of goods or services.
\nor both notified by the Central Government on the recommendations
\nof the GST Council from t<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nthe invoice flagged as “Supply Attract Reverse Charge\u201d. There will be
\ncases where the taxpayer has not reported such invoices, even such
\nmissing invoices can be reported in this section with the value.
\n5D – Exempted, Nil Rated &Non GST Supply
\nAs per provisions of the GST there are only two types of supplies one
\nis taxable supply and other one is not taxable supply. Taxable supplies
\nare defined in Sub-section 108 of Section 2 of the CGST Act 2018 and
\n22
\nGuidance Note on Annual Return of GST
\nF COST
\nACCOUN
\nTax Research Department, The Institute of Cost Accountants of India
\nnon-taxable supplies are defined in Sub-section 78 of Section 2 the
\nCGST Act 2018 and in the corresponding Acts. Exempted Supplies are
\nsupplied in Sub-section 47 of Section 2 of CGST Act 2017.
\nSub-section 108, Section 2 of CGST Act – Taxable Supply – “taxable
\nsupply” means a supply of goods or services or both which is leviable
\nto tax under this A<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\noutward supplies of CSD Canteen are exempted wide 07\/2017-Central
\nTax (Rate) dated 28\/06\/2017. All such supplies will be reported in Section
\n5D including the debit notes and credit notes issues on such supplies.
\nNil Rated supplies are notified notification number 02\/2017-Central
\nTax (Rate)dated 28\/06\/2017.
\nThe information related to the Nil Rated Supplies, Exempted.
\nSupplies and Non-GST Supplies is reported on monthly basis in Table 8
\nof the GSTR – 1, the same has to be reported in respective columns of
\nGSTR \u2013 9. In the monthly returns the amounts reported is net of the debit
\nand credit notes but in the annual return only the invoice values have
\nto be reported.
\nTo derive the correct values, the sum of invoices issued on monthly
\nbasis has to be added for the respective columns is to be shown here.
\n5H – Credit Notes issued in respect of transactions specified in A
\nto F above (-)
\nIn this section all the credit notes issued during the period from
\n1st July 20<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\ncharge basis
\nExempted
\nNil Rated
\nNon-GST supply
\nAll the credit notes issues are reported in the monthly GSTR \u2013 1 in
\nthe Table 9 but the same have to be reported in annual return in the
\nindividual columns. Even though it is a complex and time-consuming
\ntask for the taxpayers and they have to follow the same.
\n5J – Supplies declared through Amendments (+)
\nAmendments to the tax invoices issued are reported in the
\nmonthly returns for the various reasons. The amendments can result in
\nthe increase or decrease in the taxable supply value along with the
\ncorresponding tax amounts. All the amendments for which the tax
\namounts have increased for the supplies related to the zero-rated
\nsupplies, supplies to SEZ without payment of taxes, supplies on which
\nreverse charge is applicable on the outward supplies along with the
\nexempted, nil rated and Non-GST supplies have to be reported here.
\n24
\nGuidance Note on Annual Return of GST
\nF COST
\nACCOUN
\nTax<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nreverse charge is applicable on the outward supplies along with the
\nexempted, nil rated and Non-GST supplies have to be reported here.
\nRecently changes have been made to the amendments section
\nwhere the taxpayers who have reported the B2B supplies as B2C
\ncan be reclassified. If there are any such invoices which needs to be
\nreclassified the same have to be completed before filing of the GSTR –
\n1 for the month of September 2018 else the same will not be possible.
\nThe amendments which have resulted in the increase of the taxable
\nvalue and the tax amount has to be entered in this section.
\nAll the transactions reported in Table 9A of the GSTR – 1 have to
\nreported here.
\n5L – Sub-Total (H to K above)
\nValues for this column are auto computed by the system for the
\nvalues entered in the columns
\nCredit Notes issued in respect of transactions specified in A to
\nF above (-)
\nDebit Notes issued in respect of transactions specified in A to
\nF above (+)
\nSupp<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nprocured within in the country or imported from outside the country is
\nclaimed.
\nIn GSTR-3B the amount of input tax credit claim is shown under
\nvarious sections in table 4 and which is broadly classified into three
\ndifferent sections, first one is for availing input tax credit, second one is
\nfor reversal of ITC and third one is for ineligible ITC. The input tax credit
\nclaimed for all the months will be auto populated based on the returns
\ndata submitted on monthly basis. The amount shown here is the net
\namount claimed and not for the gross amount or the amount utilized.
\n–
\n6B Inward supplies (other than imports and inward supplies
\nliable to reverse charge but includes services received from
\nSEZs)
\nIn this section the input tax credit claimed on inward supply of
\ngoods or services within the country has to be reported.
\nIn table 4 of GST r3b when the monthly return has been filed the
\ndata reported for availing input tax credit is consolidated am<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nto be evaluated and in cases if it is found that input tax credit has
\nbeen availed much prior to the date of capitalization for such. That
\ndifferential interest is paid on a voluntary basis then we will not have
\nany issues of the department at the time of scrutiny of any other audit
\nconducted by the department from time to time.
\nIt will be challenging for the taxpayers to derive the input tax credit
\nfor services specifically as the taxpayers were not used for reporting
\nthe same in the monthly GST 3b return. Do it is a challenge it is not an
\nimpossible task as the taxpayer can derive the input tax credit availed
\non input services based on the ledger records which are populated in
\nthe p and L account all services are reported separately and invoices
\nrelated to the expenditure that is booked in the financial year can be
\nverified and accounted and reported in this section.
\n6C – Inward supplies received from unregistered persons liable
\nto revers<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nthen Prem subsequently.
\n6D – Inward supplies received from registered persons liable to
\nreverse charge (other than B above) on which tax is paid and
\nITC availed
\nGuidance Note on Annual Return of GST
\n27
\nCOST
\nACCOU
\nTax Research Department, The Institute of Cost Accountants of India
\nThere is a certain class of goods or services on which tax has to be
\npaid by the recipient of such goods or services and not by the supplier
\nof goods or services in the normal cases. In such cases, the tax to be
\npaid on the inward supply of goods or services by the recipient and it
\nwill be treated as a levy of tax on the reverse charge basis. This provision
\nis given in Sub-section 9 Section 3 of the CGST Act 2017 and the list of
\ngoods and services are also notified from the government from time to
\ntime.
\nThe list of goods on which GST is applicable on reverse charges
\nbasis on the outward supplies for the supplier of goods is notified vide
\nNotification No 04\/2017-Central Tax (Rate) dated 28\/06\/2017 and in
\nca<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nof goods the same information can be retrieved from the item ledger
\nbasis of the HSN codes and then tracking the relevant inward invoices
\nof the suppliers and then to be reported here. In case of inward supply
\nof services, they can be identified through your expense accounts and
\ntracking their invoices of the suppliers.
\nThe above information has to be reported separately for the inputs,
\ncapital goods and services.
\n6E – Import of goods (including supplies from SEZs)
\nAs per the caste provisions in the customs act goods will be treated
\nas imported into India one because the custom from the earth as
\ndefined in section so and so. As per the provisions of the IGST act on
\nsuch goods where the imported or brought into India from a territory
\noutside India tour territory inside India as an interstate supply of goods
\nand on such a GST is levied.
\nPayment of GST in case of imported goods is made at the time of
\nfiling of the Bill of Entry along with the basic customs duty and o<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nprovisions of the IGST Act, if any services are procured from any supplier
\nhow is located outside India and place of Supply is India it will be
\ntreated as import of supplies and on such transactions IGST is levied.
\nAll such imports have to be reported in this section excluding import
\nof services from SEZ.
\nIn GSTR \u2013 3B, the import of services from overseas supplier and
\nfrom SEZ operator or for a supplier located in SEZ are reported as a
\nconsolidated amount in Table 4A(2) but in the Annual Return the same
\nhas to be reported separately.
\nIt will not be a complex task but a time-consuming task to identity
\nsuch transactions and report them separately.
\n6G – Input Tax credit received from ISD
\nThis section is applicable to the taxpayers who have taken Input
\nService Distributor registration at the national level. The concept of
\ninput service distributor is the distribution of the Input Tax Credit availed
\nat a single location and the same being distributed across th<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n6H-Amount of ITC reclaimed (other than B above) under the
\nprovisions of the Act
\nAs per the second provisions of sub-section 2 of section 16 of the
\nCGST Act 2018, if the supplier of the goods or services is not paid within
\n180 days and the input tax credit has been availed on such supplies,
\nthe recipient who has received such goods or services has to reverse
\nthe input tax credit claimed along with interest. The amount of Input
\nTax Credit reversed will be updated to the output tax liability of the
\ntaxpayer during the month it is reversed.
\nSubsequently when the recipient was the supplier of the goods or
\nservices full amount or the partial amount the input tax credit which has
\nbeen reversed can be availed on Pro Rata basis.
\nIt is to be observed that, the reversal is on a voluntary basis and most
\nof the taxpayers have are not aware of it or have reversed the same.
\nIn such cases, the person preparing the Annual Return has to take the
\nCreditors Aging statement above 1<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nis entered manually and the amount claimed based on the GSTR \u2013 3B
\nreturns from July 2017 to March 2018. There can be cases where the
\ninput tax credit has been claimed in excess or short claimed or the
\ninput tax credit related to the period from July 2017 to March 2018 is
\n30
\nGuidance Note on Annual Return of GST
\nF COST
\nACCOUN
\nTax Research Department, The Institute of Cost Accountants of India
\nclaimed in the new financial year.
\n6K – Transition Credit through TRAN-I (including revisions if any)
\nFor provisions rule 117 of the CGST Rules 2017 if the taxpayer has
\nany stock of goods on which input tax credit has been not a well as
\non the transition date that is on the closing stock of 30th June 2017
\nsuch taxpayer can avail the input tax credit by declaring the same
\nprescribed format in form TRAN-1. If any such credit has been availed by
\nthe taxpayer the same has to be reported in this column. Subsequently,
\nif there is any reduction or increase in the transitional credi<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nThere could be cases where the input tax credit has been availed
\non any other reasons can be reported here. In case of input tax credit
\nclaimed on basis of CTD on filing of Form GST TRAN III has to be reported
\nin this column.
\n6N-Sub-total (K to M above)
\nThis is auto populated column and it is sum of the columns K to M.
\n60 – Total ITC availed (I + N above)
\nThis is also auto populated column and it show the total input tax
\ncredit claimed through the Annual return.
\n7 Details of ITC Reversed and Ineligible ITC as declared in
\n–
\nGuidance Note on Annual Return of GST
\n31
\nCOST
\nACCOU
\nTax Research Department, The Institute of Cost Accountants of India
\nreturns filed during the financial year
\nIn this section the taxpayers have to shown the input tax credit
\nreversed on various reasons have to be reported basis of various
\nprovisions given in the CGST Act or corresponding Acts along with the
\nRules.
\n7A – As per Rule 37
\nIn this section the taxpayer has to reverse the <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nfor the furtherance of the business. In cases if the same inputs or input
\nservices are used for the following
\nUsed for personal consumption
\nUsed partially for making taxable supplies and partially for
\nnon-taxable supplies
\nThe input tax credit claimed has to be reversed in this column of
\nthe Annual return and the process for reversal is clearly given in Rule 42
\nhas to be followed.
\nIn GSTR-3B the input tax credit reversal is mentioned in Table 4(B) 1
\nand here the reversal of ITC is shown together for the provisions of Rule.
\n42 and Rule 43 and in this column of the Annual Return the same has to
\nbe shown in the different columns.
\n32
\nGuidance Note on Annual Return of GST
\nF COST
\nACCOUN
\nTax Research Department, The Institute of Cost Accountants of India
\n7D – As per Rule 43
\nThe input tax credit on capital goods is available on capitalization
\nof the same in the books of accounts of the taxpayers. The input tax
\ncredit is availed on the basis of going concern concept and in cases
\nwhere the cap<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nfiling and not sure if the same is being used for certain purposes.
\nIn such cases the input tax credit availed or wrongly availed has
\nto be reversed and the same has to be reported in this section of the
\nAnnual Return.
\nThe reversal of the input tax credit is also shown in the monthly GSTR
\n– 3b in Table 4(B) 1 and the same has to be bifurcated and reported
\nhere if it is shown along with any other provisions in the monthly return.
\n7F – Reversal of TRAN-I credit
\nAll the taxpayers who have availed input tax credit basis of the
\ntransitional provisions in the GST Acts if they have reverse any of the such
\ninput tax credit claimed on account of verification by the department
\nor any clerical errors which were noticed subsequent to filing of the
\nTRAN-1, such input tax credit reduced has to be reported in this section
\nof the Annual Return.
\n7G Reversal of TRAN-II credit
\n–
\nAll the taxpayers who have availed input tax credit basis of the
\ntransiti<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n7J – Net ITC Available for Utilization (60 – 71)
\nThis is also system generated value but the only difference is the
\namount of actual input tax credit availed is shown in this column of
\nannual return.
\n8 – Other ITC related information
\nIn this section the amount of input tax credit availed on other
\nsources will be reported by the taxpayers.
\n8A – ITC as per GSTR-2A (Table 3 & 5 thereof)
\nIn the GSTR-2A, the taxpayer will be able to see all the purchases
\ninvoices uploaded by his supplier of good or services or both. Basis on
\nthis he will come to know about the additional input tax credit which he
\ncan avail as the same is not reflected in his purchase day book.
\nThe input tax credit and the debit notes issued by the supplier of the
\ngoods will be reflected here and this credit can be availed and shown
\nas reconciliation item in the GST Audit report.
\nThe recipient has to follow up with his suppliers or within his
\norganization to trace such invoices \/ debit notes and account the
\nsame in<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nsuch transactions will be reported here.
\nThere can be cases where the same are also not part of the financial
\nstatements. This can include transactions related to continuous supply
\nof goods or services or the tax invoice has been issued and the goods
\nhave been received in the next financial year or the final lot of goods
\nhave been received after the close of the financial year.
\n–
\nAll such transactions which are reported in the GSTR \u2013 3B Table 4(A)
\n5 of the monthly returns filed from April 2018 to September 2018 will be
\nreported here.
\n8D – Difference [A-(B+C)]
\nThis is an auto populated value based on the difference between
\n8A and sum of 8 B and C.
\n8E ITC available but not availed (out of D)
\nAggregate value of the input tax credit which was available in
\nFORM GSTR-2A (table 3 & 5 only) but not availed in any of the FORM
\nGSTR-3B returns shall be declared here. The credit shall be classified
\nas credit which was available and not availed or the credit was not
\navailed as the s<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\ninformation is handy and can be shared with various stake holders like
\ntax authorities or department or GST auditor.
\n8G – IGST paid on import of goods (including supplies from SEZ)
\nThere can be cases where the goods imported have reached
\nthe Indian Customs on the last day of the financial year and the
\ntaxpayment has been made in the next financial year or the goods
\nmust have reached the premises of the taxpayer after 1st of April but
\nthe taxes have been paid before 31st March 2018.
\nIn the above cases, the input tax credit will be availed only during
\nthe month in which the goods have been received and reported in
\nGSTR-3B of April 2018. All such transactions have to be reported in this
\nsection.
\n8H – IGST credit availed on import of goods (as per 6(E) above)
\nThe input tax credit as declared in Table 6E shall be auto-populated
\nhere.
\n81 – Difference (G-H)
\nThis is again auto populated value and it will show the difference
\nbetween the values for rows IGST paid on import of goods (includ<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nbe through utilization of the input tax credit or paid through the cash
\nbalances.
\nThe amount paid to be reported is not only for the tax liability but
\nalso for the amount related to the Interest, Late Fee, Penalty and any
\nother reasons.
\n– V
\n–
\nPart Particulars of the transactions for the previous FY
\ndeclared in returns of April to September of current FY or upto
\ndate of filing of annual return of previous FY whichever is earlier
\nIn this section the input tax credit availed or to be reversed for the
\ntransactions related to the previous financial year reported in the next
\nfinancial year are to be reported here.
\nSay for example the supplies have been made in the previous
\nfinancial year but there is a price increase and on the increased price
\nGST is applicable and the same is issued to the recipient through a
\ndebit note, such transactions have to be reported here.
\n10
\n–
\nSupplies \/ tax declared through Amendments (+) (net of
\ndebit notes)
\nAmendments for the tax invoices issued can be d<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nGuidance Note on Annual Return of GST
\n37
\nCOST
\nACCOU
\nTax Research Department, The Institute of Cost Accountants of India
\nsuch cases have resulted in reduction of the tax liability has to be
\nreported in this section of the annual return.
\nThere can also be cases where the downward price revision has
\nhappened for the supplies taken before 31st of March on account of
\ncommercial arrangement, all such debit notes are also required to be
\nreported in this section.
\nThe credit notes issued from 1st April 2018 to 30th September 2018
\nwhich are issued for the transactions related to previous financial year
\nand reported in the Table 9A, 9B & 9C of GSTR -1 in the monthly returns
\nhas to be reported in this section of the Annual Return.
\n12 – Reversal of ITC availed during previous financial year
\nThere can be cases where the inputs or services or capital goods
\non which the input tax credit has been availed in the previous financial
\nyears has to be reversed on acco<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nInput tax credit on such cases also have to be reported in this section
\nof the Annual Return.
\nThere could be cases where the final installments of the goods are
\nbeing received after the closure of the financial year but the some of
\nthem have been already consumed in the previous financial years.
\nThere could be cases where the inputs have been received in the
\nprevious financial year and the input tax credit could not have been
\nclaimed as the capitalization is done in the next financial year.
\n38
\nIn such cases the input tax credit which has been reported in
\nGuidance Note on Annual Return of GST
\nF COST
\nACCOUN
\nTax Research Department, The Institute of Cost Accountants of India
\nthe GSTR-3B from April to September 2018 has to be reported in this
\ncolumn of the Annual Return.
\n14 – Differential tax paid on account of declaration in 10 & 11
\nabove
\nIn this section the differential tax paid for the amounts declared in
\nrows 10 and 11 has to be reported. <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nof taxes
\nSupplies made to SEZ units or SEZ Developers for authorized
\noperations without payment of taxes
\nRefund of input tax credit on account of inverted duty
\nstructure
\nOn account of deemed exports
\nSupplies to made to SEZ units or SEZ Developers for authorized
\noperations with payment of taxes
\nExport of services on payment of taxes
\nIn all such cases the taxpayer can file refund and the total value of
\nthe refund claimed will be reported in this section of the Annual Return.
\nGuidance Note on Annual Return of GST
\n39
\nCOST
\nACCOU
\nTax Research Department, The Institute of Cost Accountants of India
\n15B – Total Refund sanctioned
\nThe concerned officer based on the refund application submitted
\nwill verify the same and validate the amount of refund eligible based
\non the various provisions of the Act \/ Rules and the documentary
\nevidence submitted along with refund application.
\nThe concerned officer may sanction the full amount of the refund
\napplication filed or part of the refund ap<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nthe refund amount but the other department must not have done the
\nsame, in such cases the refund amount which is pending from one
\ndepartment also has to be reported in this section.
\n15E -Total demand of taxes
\nThe taxpayer must be filing the returns on timely basis but the
\ndepartment must have issued notices under Section 73, 74 or 122 or
\nanother relevant provisions of the Act \/ Rules on the grounds of evasion
\nof tax or nonpayment of taxes or for non-compliance of the various
\nprocedures laid down under the Act or Rules, the concerned officer
\nmay issue demand notices to the taxpayer and the sum of all the
\ndemands have to be reported in this section of the Annual Return.
\nFor some of the demand notices the payment must have been
\nmade and for some it must not have been made or made under
\nprotest, the total amount of the tax liability for the demands has to be
\nreported in this section of the Annual Return.
\n40
\nGuidance Note on Annual Return of GST
\nF COS<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nyear. The total value of supplies can be derived from the accounting or
\nthe ERP packages used by the taxpayers. While creating the supplier \/
\nvendor master, the nature of registration of the supplier is also required
\nto be created and basis of this the total inward supplies received from
\nthe composition taxpayers can be reported.
\n16B – Deemed supply under Section 143
\nThe registered taxpayer can send the goods on job worker who can
\nbe registered taxpayer or non-registered taxpayer under GST. When
\ngoods are sent by the principal to a job worker GST is not applicable if
\nthe same are returned within stipulated period. In case if the same are
\nnot received, then it will be considered as deemed supply and, on that
\ntaxes, will be applicable.
\nIn case of inputs the same has to be returned from the job workers
\nlocation within 1 year and in case of capital goods it is three years.
\nBeing the first year of rollout of GST, there will not be an<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\ntextile and FMCG. To verify and report such transactions, the
\ndelivery challans have to be checked and basis on that the
\ntransactions have to be reported.
\nAll the tax invoices issued has to be reported, in case if it is
\nobserved that tax invoices are not issued or for some it is missing,
\ntax invoices have to be issued for such cases and while reporting
\nthe same in the monthly return interest also has to be paid for
\nthe delayed period.
\n17 – HSN Wise Summary of outward supplies
\nIn GST, all the transactions or documents issued should
\nhave the HSN code and especially for the outward supplies it is
\nmandatory for all the taxpayers if their turnover is less above Rs.
\n150 lacs notified wide Notification No 12\/2017-Central Tax dated
\n28\/06\/2017.
\nIn this section summary of the outward supplies on which tax
\nhas been paid or tax invoices issued has to be reported along
\nwith the unit of measure for the item or service, the number of
\nunits sold, taxable value, central tax amount, stat<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\ncode wise has to be reported in this section.
\nIn this section summary of the outward supplies on which tax
\nhas been paid or tax invoices issued has to be reported along
\nwith the unit of measure for the item or service, the number of
\nunits sold, taxable value, central tax amount, state \/ union tax
\namount, integrated tax amount and cess if applicable for any
\nof the products.
\nThis information can be retrieved from the item ledger
\nor inventory reports generated using the accounting or ERP
\nsoftware which the taxpayer is using.
\nThe information has to be drawn for the accounting or ERP
\nas it is not reported anywhere in GST during the last financial
\nyear.
\n19 – Late fee payable and paid
\nIn this section the amount of late fee paid has to be reported.
\n19A Central Tax
\nLate is required to be paid by the taxpayers for the delay
\nin the return filing. The information related to the late fee paid
\nduring the financial year can be derived from the Cash Ledger
\nas it has to b<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nTax Research Department, The Institute of Cost Accountants of India
\nMar-18
\nTotal
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\nTHE INSTITUTE OF COST
\nGuidance Note on Annual Return of GST
\n45
\n46
\nB2C Supplies as per GST Returns
\n–
\nMonths
\nIntra State
\nInter State
\nTotal
\nTaxable
\nCGST
\nSGST
\nCess
\nTaxable
\nIGST
\nCess
\nValue
\nValue
\nTaxable
\nValue
\nCGST
\nSGST
\nIGST
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nTHE INSTITUTE OF COST
\n| 3 |
\nTax Research Department, The Institute of Cost Accountants of India
\n0
\nTotal
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nGuidance Note on Annual Return of GST
\nB2C Differences between Financial Statements and GST Returns
\n–
\n| 3 |
\nTax Research Department, The Institute of Cost Accountants of India
\n0
\nIntra State
\nInter State
\nTotal
\nTaxable
\nCGST
\nSGST
\nCess Taxable
\nIGST
\nCess
\nValue
\nValue
\nTaxable
\nValue
\nCGST
\nSGST
\nIGST
\nGuidance Note on Annual Return of GST
\n19665537068
\n47
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\nTHE INSTITUTE OF COST
\n48
\nB2C – Supplies as per Financial Statements
\nMonths
\nIntra State
\nInter<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n0
\nF COST
\nACCOUN
\nTax Research Department, The Institute of Cost Accountants of India
\n4C – Zero rated supply (Export) on payment of tax (except
\nsupplies to SEZs)
\nExports as per Financial Statements
\nMonths
\nTaxable Value
\nIGST Cess
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\n0
\nExports as per GST Returns
\nTaxable Value
\nIGST
\nCess
\nMonths
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\n0
\nExports Difference between Financial Statements & GST Returns
\nMonths
\nTaxable Value
\nIGST
\nCess
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nGuidance Note on Annual Return of GST
\n51
\nCOST
\nACCOUNT
\nDec-17
\nJan-18
\nTax Research Department, The Institute of Cost Accountants of India
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\n0
\n4D -Supply to SEZs on payment of tax
\nSEZ Supplies with payment of Tax as per Financial Statements
\nMonths
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTotal
\n0
\nTaxable Value
\n0
\nIGST
\n0
\nSEZ Supplies with payment of Tax as per G<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n19973379338
\n0
\n0
\n0
\nTax Research Department, The Institute of Cost Accountants of India
\n| 3 |
\n0
\n0
\n0
\n0
\nDeemed Exports – Difference between Financial Statements & GST Returns
\n55
\n0
\n0
\n0
\nTHE INSTITUTE OF COST
\nM
\nIntra State
\nInter State
\nSGST
\nCess
\nTaxable
\nIGST
\nCess Taxable
\nCGST
\nValue
\nValue
\nTaxable CGST
\nValue
\nMonths
\n56
\n73378
\nGuidance Note on Annual Return of GST
\n0
\nTotal
\nSGST
\nOF COST
\nTHE IN
\nINSTITUTE
\n3 \u00c2\u00b0
\nTax Research Department, The Institute of Cost Accountants of India
\nIGST
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n4F- Advances on which tax has been paid but invoice has not been issued (not covered under (A) to (E)
\nabove)
\nAdvances for which tax invoices are not issued per Financial Statements
\nTax Research Department, The Institute of Cost Accountants of India
\nMonths
\nIntra State
\nInter State
\nTotal
\nTaxable
\nValue
\nCGST
\nSGST
\nCess
\nTaxable
\nValue
\nIGST
\nCess Taxable CGST
\nValue
\nSGST
\nIGST
\nCess
\nGuidance Note on Annual Return of GST
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTota<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nValue
\nCGST
\nSGST
\nJul-17
\nAug-17
\nIGST
\nTHE INSTITUTE OF COST
\nTax Research Department, The Institute of Cost Accountants of India
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\nSep-17
\nGuidance Note on Annual Return of GST
\nInward Supplies under RCM as per GST Returns
\nTax Research Department, The Institute of Cost Accountants of India
\n3
\nIntra State
\nInter State
\nTotal
\nTaxable
\nCGST
\nSGST
\nCess Taxable IGST
\nCess Taxable
\nCGST
\nSGST
\nIGST
\nValue
\nValue
\nValue
\nGuidance Note on Annual Return of GST
\n\u00e2\u02dc\u0090 598277778
\n61
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\nTHE INSTITUTE OF COST
\nTHE INSTITUTE OF COST
\n| 3 |
\n2
\nInward Supplies under RCM – Differences between Financial Statements & GST Returns
\nMonths
\nIntra State
\nInter State
\nTotal
\nTaxable CGST
\nSGST
\nCess
\nTaxable
\nIGST
\nCess Taxable CGST
\nSGST
\nIGST
\nValue
\nValue
\nValue
\nTax Research Department, The Institute of Cost Accountants of India
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\nGuidance Note on Annual <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nTaxable
\nValue
\nIGST
\nCess
\nTaxable
\nValue
\nCGST
\nSGST
\nIGST
\n3
\nTax Research Department, The Institute of Cost Accountants of India
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\nGuidance Note on Annual Return of GST
\n4J – Debit Notes issued in respect of transactions specified in (B) to (E) above (+)
\n65
\nTHE INSTITUTE OF COST
\n99
\nGuidance Note on Annual Return of GST
\nDebit Notes issues for 4B to 4E as per Financial Statements
\nIntra State
\nInter State
\nTotal
\nSGST
\nCess Taxable
\nIGST
\nCess
\nValue
\nTaxable CGST
\nValue
\nSGST
\nIGST
\nTaxable CGST
\nValue
\nTHE INSTITUTE OF COST
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\nTax Research Department, The Institute of Cost Accountants of India
\nTaxable
\nValue
\nDebit Notes issues for 4B to 4E as per GST Returns
\nIntra State
\nInter State
\nTotal
\nCGST
\nSGST
\nCess Taxable IGST
\nCess Taxable
\nCGST
\nSGST
\nIGST
\nValue
\nValue
\nGuidance Note on Annual Return of GST
\n15777777858
\n67
\n0
\nTax Research Department, The Institute of Cost Accountants of India
\n3
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nNon-GST
\nTHE INSTITUTE OF COST
\nTax Research Department, The Institute of Cost Accountants of India
\nSupplies on which
\nMonths
\nZero Rated
\nSupplies
\nSupplies to SEZ
\nGST is to be paid
\nby Recipient
\nExempted
\nNil Rated
\nSupplies
\nSupplies
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\n0
\n0
\n0
\nGuidance Note on Annual Return of GST
\n0
\nTax Research Department, The Institute of Cost Accountants of India
\nDifferences between Financial Statements & GST Returns – Supplies on which GST is not paid \/ applicable
\nSupplies on which
\nZero Rated
\nSupplies
\nSupplies to SEZ
\nGST is to be paid
\nby Recipient
\nExempted
\nSupplies
\nNil Rated
\nJul-17
\nNon-GST
\nSupplies
\nSep-17
\nGuidance Note on Annual Return of GST
\n( )
\n71
\n0
\n0
\n0
\n0
\n0
\nTHE INSTITUTE OF COST
\n\u00e2\u201e\u2013 5H – Credit Notes issued in respect of transactions specified in A to F above (-)
\nCredit notes issued for Supplies on which GST is not paid \/ applicable – As per Financial Statements
\nTHE INSTITUTE OF COST
\nZero Rated
\nMonths\n<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nSupplies on
\nwhich GST is
\nSEZ
\nto be paid by
\nExempted
\nSupplies
\nNon-GST
\nNil Rated
\nSupplies
\nRecipient
\n0
\nGuidance Note on Annual Return of GST
\n7 7 7 7 7 7 7 7
\n0
\n0
\n0
\n0
\n0
\n51 – Debit Notes issued in respect of transactions specified in A to F above (+)
\nDebit Notes issued for Supplies on which GST is not paid \/ applicable – As per Financial Statements
\nMonths
\nZero Rated
\nSupplies
\nGuidance Note on Annual Return of GST
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nTax Research Department, The Institute of Cost Accountants of India
\nSupplies to
\nSEZ
\nSupplies on
\nwhich GST is
\nto be paid by
\nRecipient
\nExempted
\nSupplies
\nNon-GST
\nNil Rated
\nSupplies
\nMar-18
\nTotal
\n0
\n0
\n0
\n0
\n0
\nFeb-18
\n75
\n0
\nTHE INSTITUTE OF COST
\nM
\n76
\nTHE INSTITUTE OF COST
\nDebit Notes issued for Supplies on which GST is not paid \/ applicable – As per GST Returns
\nZero Rated
\nMonths
\nSupplies
\nNon-GST
\nSupplies to
\nSEZ
\nSupplies on
\nwhich GST is
\nto be paid by
\nExempted
\nSupplies
\nNil Rated
\nSupplies
\nRecipient
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\nDec-17
\nJan-18
\nGuidance Note on Annual Return of GST
\nITC on Inward Supplies 6B as per GST Returns
\nTaxable
\nValue
\nIntra State
\nCGST
\nInter State
\nTotal
\nSGST
\nCess Taxable
\nIGST
\nCess Taxable
\nCGST
\nSGST
\nValue
\nValue
\nGuidance Note on Annual Return of GST
\n80 9988883971
\nTotal
\nIGST
\n3.
\nTax Research Department, The Institute of Cost Accountants of India
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n79
\nTHE INSTITUTE OF COST
\nDifference as per Financial statements & GST Returns ITC on Inward Supplies 6B as per GST Returns
\nInter State
\nIntra State
\nTaxable
\nCGST
\nSGST
\nCess
\nValue
\nTaxable
\nValue
\nTotal
\nIGST
\nCess
\nTaxable CGST
\nValue
\nSGST
\nIGST
\nTHE INSTITUTE OF COST
\n0
\n0
\n0
\n0
\n0
\n0
\n888888888
\n80
\nGuidance Note on Annual Return of GST
\n0
\nTax Research Department, The Institute of Cost Accountants of India
\n0
\n0
\n0
\n0
\n0
\nThe Input Tax Creditfor Inputs, Capital Goods & Services has to be derived.
\nTax Research Department, The Institute of Cost Accountants of <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nSGST
\nCess
\nTaxable
\nIGST
\nCess
\nValue
\nValue
\nTaxable CGST
\nValue
\nSGST
\nIGST
\nJul-17
\nGuidance Note on Annual Return of GST
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\nTax Research Department, The Institute of Cost Accountants of India
\n. 3
\n0
\n0
\n0
\n0
\n0
\nThe Input Tax Credit for Inputs, Capital Goods & Services has to be derived.
\n83
\nTHE INSTITUTE OF COST
\n8 6D – Inward supplies received from registered persons liable to reverse charge (other than B above) on
\nwhich tax is paid and ITC availed
\nITC on Inward Supplies 6D as per Financial Statements
\nTHE INSTITUTE OF COST
\nMonths
\nIntra State
\nInter State
\nTotal
\nTaxable CGST
\nSGST
\nCess
\nTaxable
\nIGST
\nCess Taxable CGST
\nSGST
\nIGST
\nValue
\nValue
\nValue
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nTax Research Department, The Institute of Cost Accountants of India
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\nDec-17
\nJan-18
\nGuidance Note on Annual Return of GST
\nIntra State
\nInter State
\nTotal
\nTaxable
\nCGST
\nSGST
\nCess
\nTaxable
\nIGST
\nCess
\nValue
\nVal<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nMonths
\nTaxable Value
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\nInter State
\nIGST
\nITC on Inward Supplies 6E as per GST Returns
\n0
\nMonths
\nTaxable Value
\nInter State
\nIGST
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\n0
\nGuidance Note on Annual Return of GST
\nCess
\nCess
\nF COST
\nACCOUN
\n87
\nCOST
\nACCOUNT
\nTax Research Department, The Institute of Cost Accountants of India
\nDifference as per Financial statements & GST Returns ITC on
\nInward Supplies 6E as per GST Returns
\nMonths
\nTaxable Value
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\nInter State
\nIGST
\n0
\nCess
\nThe Input Tax Credit for Inputs&Capital Goods has to be derived
\n6F – Import of services (excluding inward supplies from SEZs)
\nITC on Inward Supplies 6F as per Financial Statements
\nMonths
\nJul-17
\nTaxable Value
\nInter State
\nIGST
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\n0
\n88
\nCess
\nGuidance Note on Annual Return of GST
\nTax Research D<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nCGST
\nSGST
\nIGST
\nValue
\nValue
\nValue
\nITC on Inward Supplies 6G as per GST Returns
\nTax Research Department, The Institute of Cost Accountants of India
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\nGuidance Note on Annual Return of GST
\n91
\nTHE INSTITUTE OF COST
\n\u00e2\u0153\u201c Difference as per Financial statements & GST Returns ITC on Inward Supplies 6G as per GST Returns
\nE INSTITUTE OF COST
\nTax Research Department, The Institute of Cost Accountants of India
\nn\u00c3\u00b0
\nMonths
\nIntra State
\nInter State
\nTotal
\nTaxable
\nValue
\nCGST
\nSGST
\nCess Taxable
\nIGST
\nCess Taxable CGST
\nSGST
\nIGST
\nValue
\nValue
\nJul-17
\nAug-17
\nSep-17
\nOct-17
\nNov-17
\nDec-17
\nJan-18
\nFeb-18
\nMar-18
\nTotal
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\n0
\nGuidance Note on Annual Return of GST
\n6H – Amount of ITC reclaimed (other than B above) under the provisions of the Act
\nITC on Inward Supplies 6H as per Financial Statements
\nTax Research Department, The Institute of Cost Accountants of India
\n| J
\nMonths
\nIntra State
\nInter State\n<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nOF COST
\nACCOUNT
\nTax Research Department, The Institute of Cost Accountants of India
\nDUE DATES OF GST RETURN FILING
\nDue Dates for filing of GST Returns – to be used for computing
\nlate fee
\n96
\nGSTR-1
\nQuarterly Return filing
\nJul-Sep 2017
\n10-Jan-18
\nOct
\n–
\nDec
\n|2017
\n15-Feb-18
\nJan Mar 2018
\n30-Apr-18
\nMonthly Filing
\nJul-17
\n10-Jan-18
\nAug-17
\n10-Jan-18
\nSep-17
\n10-Jan-18
\nOct-17
\n10-Jan-18
\nNov-17
\n10-Jan-18
\nDec-17
\n10-Feb-18
\nJan-18
\n10-Mar-18
\nFeb-18
\n10-Apr-18
\nMar-18
\n10-May-18
\nGSTR – 3B
\nMonthly Filing
\nJul-17
\n20-Aug-17
\nAug-17
\n20-Sep-17
\nSep-17
\n20-Oct-17
\nOct-17
\n20-Nov-17
\nNov-17
\n20-Dec-17
\nDec-17
\n22-Jan-18
\nJan-18
\n20-Feb-18
\nFeb-18
\n20-Mar-18
\nMar-18
\n20-Apr-18
\nGuidance Note on Annual Return of GST
\nTax Research Department, The Institute of Cost Accountants of India
\nGSTR – 4
\nQuarterly Return filing
\n24-Dec-
\nJul-Sep 2017
\n17
\nOct-Dec 2017
\n18-Jan-18
\n–
\nJan Mar 2018
\n18-Apr-18
\nGSTR – 6
\nMonthly Filing
\nJul-17
\n30-Sep-18
\nAug-17
\n30-Sep-18
\nSep-17
\n30-Sep-18
\nOct-17
\n30-Sep-18
\nNov-17
\n30-Sep-18
\nDec-17
\n30-Sep-18
\nJan-18
\n30-S<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nAdvances on which tax has been
\nF
\npaid but invoice has not been
\nG
\nH
\n|
\nJ
\nissued (not covered under (A) to
\n(E) above)
\nInward supplies on which tax is to
\nbe paid on reverse charge basis
\nSub-total (A to G above)
\nCredit Notes issued in respect of
\ntransactions specified in (B) to (E)
\nabove (-)
\nDebit Notes issued in respect of
\ntransactions specified in (B) to (E)
\nabove (+)
\nK
\nSupplies \/ tax declared through
\nAmendments (+)
\nL
\nSupplies \/ tax reduced through
\nAmendments (-)
\nM
\nSub-total (I to L above)
\nN
\nSupplies and advances on which
\n5
\nA
\ntax is to be paid (H + M) above
\nDetails of Outward supplies on which tax is not payable as
\ndeclared in returns filed during the financial year
\nZero rated supply (Export) without
\npayment of tax
\nB
\nSupply to SEZs without payment of
\ntax
\nSupplies on which tax is to be paid
\nby the recipient on reverse charge
\nbasis
\nExempted
\nC
\nD
\nE
\nNil Rated
\nF
\nNon-GST supply
\nG Sub-total (A to F above)
\nH
\nCredit Notes issued in respect of
\ntransactions specified
\nin A to F above<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nliable to reverse charge
\n(other than B above) on
\nwhich tax is paid & ITC
\navailed
\nInward supplies received
\nD
\nfrom registered persons
\nliable to reverse charge
\n(other than B above) on
\nwhich tax is paid and ITC
\navailed
\nInputs
\nCapital Goods
\nInput Services
\nInputs
\nCapital Goods
\nInput Services
\nGuidance Note on Annual Return of GST
\nTax Research Department, The Institute of Cost Accountants of India
\nE
\nImport of goods (including
\nInputs
\nsupplies from SEZs)
\nCapital Goods
\nF
\nImport of services (excluding inward supplies
\nfrom SEZs)
\nG
\nInput Tax credit received from ISD
\nH
\nAmount of ITC reclaimed (other than B
\nabove) under the provisions of the Act
\n|
\nSub-total (B to H above)
\nJ
\nDifference (I – A above)
\nTransition Credit through TRAN-I (including
\nK
\nrevisions if any)
\nL Transition Credit through TRAN-II
\nM
\nN
\n\u00d0\u017e
\n7
\n\u00ce\u2018
\nAB
\nAny other ITC availed but not specified above
\nSub-total (K to M above)
\nTotal ITC availed (I + N above)
\nDetails of ITC Reversed and Ineligible ITC as declared in returns filed
\nduring the<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nITC available but not availed on import of
\ngoods (Equal to 1)
\nTotal ITC to be lapsed in current financial year
\n(E + F + J)
\nDetails of tax paid as declared in returns filed during the financial year
\nPaid through ITC
\n9 Description
\nTax
\nPayable
\na
\n7
\nPaid through
\ncash
\nCentral Tax
\nState Tax \/
\nUT Tax
\nIntegrated
\nTax
\nCess
\n1
\n2
\n3
\n4
\n5
\nIntegrated Tax
\nCentral Tax
\nState\/UT Tax
\nCess
\nInterest
\nLate fee
\nPenalty
\nOther
\nParticulars of the transactions for the previous FY declared in returns of
\nApril to September of current FY or upto date of filing of annual return of
\nprevious FY whichever is earlier
\nGuidance Note on Annual Return of GST
\nTax Research Department, The Institute of Cost Accountants of India
\nDescription
\n1
\n10 Supplies\/tax declared through
\nAmendments (+) (net of debit notes)
\n11 Supplies \/ tax reduced through
\nAmendments (-) (net of credit notes)
\n12 Reversal of ITC availed during previous
\nfinancial year
\n13
\nITC availed for the previous financial
\nyear
\n14
\nF COST
\n2
\n3
\n4
\n5
\n6
\nDifferential tax paid<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nTotal
\nQuantity
\nTaxable Rate of Central
\nState
\nInte-
\nValue
\n\u00ce\u00a4\u00ce\u00b1\u00cf\u2021
\n\u00ce\u00a4\u00ce\u00b1\u00cf\u2021
\nTax\/UT grated
\nCess
\nTax
\nTax
\n1
\n2
\n3
\n4
\n5
\n6
\n7
\n8
\n9
\nA
\nCentral Tax
\nB
\nState Tax
\nDescription
\n1
\nPayable
\nPaid
\n2
\n3
\nVerification:
\nI hereby solemnly affirm and declare that the information given
\nherein above is true and correct to the best of my knowledge and
\nbelief and nothing has been concealed there from and in case of any
\nreduction in output tax liability the benefit thereof has been\/will be
\npassed on to the recipient of supply.
\nPlace
\nSignatory
\nDate
\n104
\nSignature
\nName of Authorised
\nDesignation\/Status
\nGuidance Note on Annual Return of GST
\nTax Research Department, The Institute of Cost Accountants of India
\nGuidance Note on Annual Return of GST
\nFORM GSTR-9A
\n(See rule 80)
\nAnnual Return (For Composition Taxpayer)
\nBasic Details
\nFinancial Year
\nGSTIN
\nLegal Name
\nTrade Name (if any)
\nPeriod of composition scheme during the year (From
\n– To
\n)
\nAggregate Turnover of Previous Financial Year
\n(Amount in in all tables)
\nDetails <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nDetails of tax paid as declared in returns filed during the financial year
\nDescription
\n1
\nIntegrated Tax
\nCentral Tax
\nState\/UT Tax
\nTotal tax payable
\nPaid
\n2
\n3
\nTHE INSTITUTE OF COST
\nTax Research Department, The Institute of Cost Accountants of India
\n“3.
\n+
\nAre you liable to audit under any Act?
\n(Amount in in all tables)
\nReconciliation of turnover declared in audited Annual Financial Statement with turnover declared in Annual Return
\n(GSTR9)
\nReconciliation of Gross Turnover
\nTurnover (including exports) as per audited financial statements for the State \/ UT
\n(For multi-GSTIN units under same PAN the turnover shall be derived from the audited
\nAnnual Financial Statement)
\n110
\nE-N8 8, Znk mUOw
\nGuidance Note on Annual Return of GST
\nUnbilled revenue at the beginning of Financial Year
\nUnadjusted advances at the end of the Financial Year
\nDeemed Supply under Schedule |
\n(+)
\n(+)
\n(+)
\nCredit Notes issued after the end of the financial year
\nbut reflected in the annual return
\n(+)
\nTax Research Department,<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nAnnual turnover after adjustments (from 5P above)
\nValue of Exempted, Nil Rated, Non-GST supplies, No-Supply turnover
\nZero rated supplies without payment of tax
\nSupplies on which tax is to be paid by the recipient on reverse charge basis
\nTaxable turnover as per adjustments above (A-B-C-D)
\nTaxable turnover as per liability declared in Annual Return (GSTR9)
\nUnreconciled taxable turnover (F-E)
\nReasons for Un – Reconciled difference in taxable turnover
\nReason 1
\nReason 2
\nReason 3
\n>
\n>
\n>
\nGuidance Note on Annual Return of GST
\nReconciliation of rate wise liability and amount payable thereon
\nReconciliation of tax paid
\nDescription
\n1
\nTax payable
\nTaxable Value
\nCentral tax
\n2
\n3
\nAT 2
\nTax Research Department, The Institute of Cost Accountants of India
\nStatetax\/UTtax
\nIntegrated Tax
\nCess, if appli-
\ncable
\n5
\n6
\n5%
\nGuidance Note on Annual Return of GST
\nKooouu01_mx_820a0..2x
\nxXxXxXxxn66 IV J\u00c3\u00bcli
\n113
\nTotal amount to be paid as per tables above
\nTotal amount paid as declared <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\n(+)
\nFinancial Year
\nC
\nITC booked in current Financial Year to be claimed in
\nsubsequent Financial Years
\n(-)
\nD
\nITC availed as per audited financial statements or books of account
\nE
\nITC claimed in Annual Return (GSTR9)
\nF
\nUn-reconciled ITC
\nITC 1
\n13
\nReasons for un-reconciled difference in ITC
\nA Reason 1
\n>
\nB
\nReason 2
\nC
\nReason 3
\n14
\n>
\n>
\nReconciliation of ITC declared in Annual Return (GSTR9) with ITC availed on expenses as per audited Annual Financial
\nStatement or books of account
\nGuidance Note on Annual Return of GST
\nDescription
\n1
\nA
\nPurchases
\nB
\nFreight Carriage
\nC
\nPower and Fuel
\n115
\nValue
\n2
\nAmount of Total ITC
\nAmount of eligible ITC availed
\n3
\n4
\nTHE INSTITUTE OF COST
\nM
\n116
\nImported goods (Including
\nD received from SEZs)
\nE Rent and Insurance
\nLL
\nF
\nG
\nGoods lost, stolen, detroyed,
\nwrittenoff or disposed of by
\nway of gift or freesamples
\nRoyalties
\nEmployees' Cost (Salaries,
\nH
\nwages, Bonus etc.)
\nConveyance charges
\nJ
\nK
\nBank Charges
\nEntertainment charges
\nStation<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n