Clarification on Table 4, 5, 6 & 7 of the GSTR-9 for FY 2018-19

Press release is published by Ministry of Finance yesterday i.e. 09.10.2020 to clarify certain doubts as regard table no. 4, 5, 6 & 7 of GSTR-9 and also to clarify regarding the category of taxpayers who are required to file GSTR-9 and 9C for FY 2018-19.

Press release is the outcome of the representation that was made seeking clarity about the details auto-populated in table 4, 5, 6 & 7 of GSTR-9 for FY 2018-19. In these tables the details of FY 2018-19 is auto-populated but along with it the details of FY 2017-18 is also got clubbed. The press release clarifies that the taxpayer shall furnish the details of FY 2018-19 only. They can remove the details of FY 2017-18 which is included in the said tables as those details are already filed by the taxpayers.

Table 4 requires to furnish the details of advances, inward and outward supplies made during the financial year on which tax is payable.

Table 5 requires to furnish the details of outward supplies made during the financial year on which tax is not payable.

Table 6 requires to furnish the details of ITC availed during the financial year.

Table 7 requires to furnish the details of ITC reversed and ineligible ITC for the financial year

Press release also mentions that the taxpayers should avail the benefit of the extended due date and file their Annual Return in Form GSTR-9 at the earliest to avoid last minute rush.

It is also reiterated that furnishing of Annual return in Form GSTR-9 is mandatory only for taxpayers having aggregate annual turnover above Rs.2 Crore. And the reconciliation statement in Form GSTR-9C is to be furnished only by the registered persons having aggregate turnover above Rs.5 Crore.

The content of press release is reproduced below for reference.
Ministry of Finance

Annual Return (GSTR-9)and Reconciliation Statement (GSTR 9C) for FY 2018-19

Posted On: 09 OCT 2020 5:30PM by PIB Delhi

Vide notification No. 69/2020 – Central Tax, dated 30.09.2020, the due date for furnishing of the Annual Return for the FY 2018-19 has been extended till 31.10.2020.

Certain representations have been received stating that the auto populated GSTR 9 for the year 2018-19 (Tables 4, 5, 6 and 7) also includes the data for FY 2017-18. However, this information for FY 2017-18 has already been furnished by the taxpayers in the annual return (GSTR9) filed for FY 2017-18 and there is no mechanism to show the split of two years (2017-18 & 2018-19) in FORM GSTR-9 for 2018-19.

In this regard, it is clarified that the taxpayers are required to report only the values pertaining to Financial Year 2018-19 and the values pertaining to Financial Year 2017-18 which may have already been reported or adjusted are to be ignored. No adverse view would be taken in cases where there are variations in returns for taxpayers who have already filed their GSTR-9 of Financial Year 2018-19 by including the details of supplies and ITC pertaining to Financial Year 2017-18 in the Annual return for FY 2018-19.

All the taxpayers are requested to avail the benefit of the extended due date and file their Annual Return (FORM GSTR-9) at the earliest to avoid last minute rush. It may be noted that furnishing of the Annual return in FORMGSTR-9ismandatory only for taxpayers with aggregate annual turnover above Rs.2 crore while reconciliation statement in FORMGSTR-9Cis to be furnished only by the registered persons having aggregate turnover above Rs.5 crore.

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