The Ministry of Finance after receiving a lot of protest and representation from the Trade bodies and professional relating to the requirement of the relaxation in the details required for GST Annual Return (GSTR 9) and GST Reconciliation Statement (GSTR 9C), had finally announced on 14th November 2019 towards extending the due date for filing of GSTR 9 and GSTR 9C to 31st December 2019 and had issued CBIC notification no 56/2019- CT made on 14th November 2019 in order to simplify these forms for the Financial Year 2017-2018 and 2018 – 2019 through making many fields optional.
The few changes that are made are mentioned below;
The Major changes in Form GSTR-9
• The suitable amendments for Financial Year 2018-19 wherever there is the reference for Financial Year 2017-18
• For 2018-19, GSTR-2A as on 01st November 2019 shall be auto-populated.
• Other simplifications and relaxations for Financial Year 2017-18 and 2018-19.
Table | Particulars | Relaxation |
4B to 4E | Outword Taxable Supply | Option to fill net of cr./dr. notes and amendments |
50,5E&5F | Exempt, Nil rated, Non-GST | Option to fill all in "Exempt" |
5A to 5F | Outward Supply on which tax is not paid | option to fill net of cr./dr. notes and amendments |
6A to 6E | Bifurcation of Input Credit | option to fill all credit in 'Input" only |
6C & 6D | RCM ITC | Option to fill details of both in Table 6D only |
7A to 7H | Credit Reversal | Except reversal pertaining to Tram-1(7F) & Tran-2 (7G) option to fill all details in Table 7H only |
8A to 8D | Details of ITC | Option to upload details of these tables in pdf format in GSTR-9C |
12 & 13 | Amendments in next year | Optional |
15A to 15D | Details of Refund | Optional |
15E to 15G | Details of Demands | Optional |
16A | Supplies received from Composition Taxpayer | Optional |
16B | Deemed supplies from principal to job worker | Optional |
16C | Deemed supplies for goods which were sent on approval basis | Optional |
17 | HSN wise details of outward supplies | Optional |
18 | HSN wise details of inward supplies | Optional |
The Major Changes made in GSTR-9C (Reconciliation Statement)
• In Part -B - Certification words "True & Fair" has been substituted for the words "True & Correct".
• Cash flow statements shall be reported only if available
• Other simplifications/relaxations for Financial Year 2017-18 & 2018-19.
Table | Particulars | Relaxation |
58 to 5N | Various Adjustment for reconciliation between Turnover according to Audited Financial Statements and | Optional, make adjustment in Table 50 |
12B | ITC booked in earlier Financial Year but availed in Current Financial Year | Optional |
12C | ITC booked in current Financial Year but not availed | Optional |
14 | Expense wise ITC Reconciliation | Optional |
Conclusion
The government extended the due dates for filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for the Financial Year 2017-18 to 31st December and for the Financial year 2018-19, to 31st March 2020, which came as a huge relief for the taxpayers. The Government had also decided towards simplifying these forms by making various fields of these forms is optional.
The previous deadline for filing of GSTR-9 as well as GSTR-9C for 2017-18 was on 30th November 2019, while that for the Financial Year 2018-19 it has been 31st December 2019. The notifications relating towards the extension of the dates were also been issued.
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