Stay updated
The Goods and Services Tax Network (“GSTN”) has enabled GSTR-9 & 9C for Financial Year (“FY”) 2021-22 for filing on the GST Portal. GSTR 9 – Annual Return | GSTR 9C Reconciliation Statement The due date for filing GSTR-9 &…
Seeks to make amendments (First Amendment, 2022) to the CGST Rules, 2017
The government has issued the notifications providing the details for filing of annual return in Form GSTR-9 and reconciliation statement in Form GSTR-9C for FY 2020-21. In its continued endeavor to reduce the burden on small taxpayers, the government has…
Authored by Mr. Sudeep. K, Article Assistant, HIREGANGE & ASSOCIATES, Chartered Accountants, Bengaluru Introduction It has been 4.5 years since GST has been implemented. Since then, many changes were seen by way of notifications, circulars & advance rulings. The annual…
Due date of filing GST Annual Return in Form GSTR-9 and 9C has been extended from 31.12.2021 to 28.02.2022 vide Notification No. 40/2021-Central Tax dated 29.12.2021 Rule 80 of CGST Rules, 2017 has been amended to insert following provisions- after…
Table 5 requires the reconciliation of gross turnover as per audited financial statements for the State/UT with the turnover declared in annual return in GSTR-9. In the reconciliation the adjustments like – (+) unbilled revenue in table 5B, (+) unadjusted…
Table 7 of GSTR-9 requires the information of reversal of eligible Input Tax Credit (ITC) and details of ineligible ITC for the financial year 2020-21. In the table, following rules/sections are specified for reversal: Reversal – As per Rule 37…
Table 14 of GSTR-9C requires the taxpayer to furnish the reconciliation of ITC declared in Annual Return in Form GSTR-9 with ITC availed on expenses as per audited Annual Financial Statement or books of account. The table 14 is reproduced…
Table 17 of GSTR-9 requires the taxpayer to furnish the information of HSN summary of outward supplies. Table 18 requires the information of HSN of inward supplies. In this table the information regarding HSN, UQC, Total Quantity, Taxable Value, Rate…
By, Abhishek Raja Ram, CA in Practice, Abhishek Raja and Associates GST Laws makes provisions for Annual Return and Reconciliation Statement. These are required to be filed for each Financial Year (April – March) by 31st December of next Financial…