Here, we are going to highlight all the important points to remember and suggesting Important Guidelines for GST Annual Return Filing GSTR-9. Many of taxpayers usually filed their annual return GSTR-9 and then they realize their mistakes about missing figures or improper ITC declaration or missed out to claim their actual ITC etc.
There are so many videos and articles are present for how to file GST Annual Return GSTR-9 or about GSTR-9 annual return filing process but surprisingly many of taxpayers have filed their GST Annual Return GSTR-9 with mistakes.
OUR FOCUS ONLY TO HIGHLIGHT SOME IMPORTANT POINTS TO TAKE CARE BEFORE FILING GST ANNUAL RETURN GSTR-9.
STEPS TO FOLLOW:-
1.Download Form GSTR-1, Form GSTR-3B, Form GSTR-9 Summary and Table 8A document to check for the financial year and compare with your actual books of account before filing.2.Get ready with HSN / SAC summary to be entered at least for the B2B invoices in all GSTR-1 filed during the financial year.
4.Further check for the Total ITC availed/adjusted and the Total ITC available in GSTR-2A/2B.
5.Since system will auto calculate and mention the amount under Sl.no. 6A - Total amount of input tax credit availed through the entire Form GSTR-3B submitted during the financial year (sum total of Table 4A of Form GSTR-3B).
6.Check and compare any difference of ITC amount throughout GSTR-3B, GSTR-2A/2B and actual admissible ITC as per your books of account for the financial year and determine the excess ITC availed or ITC to be lapsed etc.
7.If all the Computation / Comparison done as stated above then proceed to Submit online the annual return GSTR 9.
8.DON’T FORGET to mention the actual applicable and admissible ITC as per the books of account throughout Sl.no. 6B - to - 6H in Part-III of the Annual Return Form GSTR-9.
NOTE THAT,
In case of excess ITC availed then taxpayer need to pay the due tax along with interest through DRC-03 voluntarily soon after filing GSTR-9 to avoid further Notices/Demand in form of DRC-07 from the respective department / Jurisdictional Authority.
Avoids last date to file GSTR 9 annual return. Always try to submit your applicable returns/Annual return in due time or before last date.
RELATED FAQ:
Q1.What to do if the option for filing Annual Return is not available or invisible / inaccessible?
If you unable to see the content of GSTR 9 or detail of GSTR 9 or the option for filing the annual return GSTR-9 appearing invisible / inaccessible then check for any one or more return(s) not yet filed or for any missing period of filing return during the financial year. In case, all are duly filed then raise grievance.
Q2.How to download GSTR 9?
Log in to the GST portal and go to : Services -> Returns -> Annual Return -> Select the period ->click on view GSTR-9 or Download GSTR-9 options.
If you ask can GSTR 9 be revised or is there any option to revise the annual return? The answer is No. Mind it, GST annual return GSTR 9 once filed cannot be revised.
Yes, GST annual return GSTR 9 can be filed through EVC.
That’s all and hope, the article will help you to file your Annual Return.
You can watch our You Tube Videos as follows:
Thanks and
Regards,
Team
Tech-Guide-Tax
REF-A1005-24-GUIDE-005-GST-004-AP
Note :
To know more about GSTR 9 means and the entire process, step by step instructions along with relevant screen shots subscribers or User are suggested to go through the User Manual provide in GST Portal. Apart from that in case of some technical issue arising occasionally It is suggested to raise the ticket / docket through the Grievance Redressal Portal link provided in the GST portal.
