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GSTANNUAL RETURN

Get all the necessary information and forms required for filing the GSTR-9 annual return and reconciliation statement. Find out what data to refer to, where to begin, and who is not liable for filing the annual return. Understand the treatment of supplies, tax payments, ITC claims, and more.

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GSTANNUAL RETURN

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  1. GSTANNUALRETURN CA PULKIT KHANDELWAL FY2017-18 CA PULKIT KHANDELWAL

  2. RELEVANTFORMSFORTHEPURPOSEOFANNUALRETURNAND RECONCILIATIONFORMAT GSTR-9 - AnnualReturn GSTR-9A - Annual Return for (Composition TaxPayers) GSTR-9C - ReconciliationStatement CA PULKIT KHANDELWAL 2

  3. Issue 1: What all data do we need to refer for taking up GSTR 9? CA PULKIT KHANDELWAL

  4. Keep in Hand… • GSTR 1 of all the tax periods in the financial year OR Summary of GSTR 1 from GSTN. • GSTR 3B of all the tax periods in the financial year OR Summary of GSTR 3B from GSTN. • Final Books of Accounts • Audited Financial Statements • 26 AS of the entity CA PULKIT KHANDELWAL

  5. Issue 2: Where to begin from and where to head towards? CA PULKIT KHANDELWAL

  6. Process Flow CA PULKIT KHANDELWAL

  7. Issue 3: Who is not liable for filing Annual Return? CA PULKIT KHANDELWAL

  8. PERSONS NOT REQUIRED TOFILEANNUALRETURN Input ServiceDistributor, A person paying tax under section 51 or section52, A casual taxable personand A non-resident taxableperson Department of Central Government or State Government or local authority,whose books of account are subject to audit by the Comptroller and Auditor-General of India or an auditor appointed for auditing the accounts of local authorities under any law for the time being inforce. CA PULKIT KHANDELWAL 8

  9. Issue 4: Which form is to be filed if the taxpayer was under Composition scheme for some part of the year and was under regular mechanism for the rest part? CA PULKIT KHANDELWAL

  10. ANNUALRETURN CA PULKIT KHANDELWAL 10

  11. Issue 5: Mismatches- GSTR 3B vs. GSTR 1 vs. BOA vs. GST Law CA PULKIT KHANDELWAL

  12. Issue 6: Nil GSTR 9- Is this for real? CA PULKIT KHANDELWAL

  13. WHOCAN FILE “NIL” ANNUALRETURN NOT made any outward supply (commonly known as sale);AND NOT received any goods/services (commonly known as purchase);AND NO other liability to report;AND NOT claimed any credit;AND NOT claimed any refund;AND NOT received any order creatingdemand There is no late fee to be paidetc. CA PULKIT KHANDELWAL

  14. Issue 7: What to do with differences in GSTR 1 and GSTR 3B? Which table to be used for which data? CA PULKIT KHANDELWAL

  15. Issue 8: Table 4 vs. Table 5? CA PULKIT KHANDELWAL

  16. ReferenceofAnnualReturninAuditReport CA PULKIT KHANDELWAL 16

  17. ReferenceofAnnualReturninAuditReport CA PULKIT KHANDELWAL 17

  18. SuggestiveTreatmentofSuppliesandTaxthereoninGSTR-9 • Tax Paid between July to March 2018 by 3B:- Table4 • Tax paid between April to September 2018 by 3B: Table 10 and11 • Tax paid through Annual Return: Table 4 and Use ofDRC-03 64

  19. Issue 9: What about supplies for FY 17-18 disclosed after September 2018 and tax paid thereon? CA PULKIT KHANDELWAL

  20. ROD Order - 2 CA PULKIT KHANDELWAL

  21. Issue 10: Classification of ITC on Input goods, services and Cap goods? CA PULKIT KHANDELWAL

  22. Issue 11: Tran 2 filed after March 2018 – Treatment in GSTR 9 for 17-18? CA PULKIT KHANDELWAL

  23. Issue 12: Auto-populated data from GSTR 2A is not correct? CA PULKIT KHANDELWAL

  24. CA PULKIT KHANDELWAL

  25. Issue 13: :Lapse of ITC – A reality? CA PULKIT KHANDELWAL

  26. SuggestiveTreatmentofInwardSuppliesandTaxthereonin GSTR-9 • ITC Claimed or reversed between July 2017 to March 2018 in 3B:- Table 6/Table7 • ITC Claimed between April 2018 to March 2019 in 3B: Table 13 (Although Form would haveto • beamendedinviewofRODNo.2/2018from“ApriltoSep18”to“ApriltoMarch19”) • ITC Reversed between April 2018 to September 2018: Table12 • ITC Reversed between October 2018 to March 2019: (Clarification required) Ifallowed to • reversed by 3B :-Table12 • ITC Reversed in Annual Return: Table 7 and pay byDRC-03 • ITC cannot be claimed in AnnualReturn CA PULKIT KHANDELWAL

  27. Issue 16: IGST refund receivable on IGST paid shipping bills to be shown in refunds table? CA PULKIT KHANDELWAL

  28. Issue 16: HSN / SAC ?? CA PULKIT KHANDELWAL

  29. CA. Pulkit Khandelwal O: 303, Soni Paris Point, Collectorate Circle, Jaipur M: +91-9783592230 E: capulkitkhandelwal@gmail.com TREY research CA PULKIT KHANDELWAL

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