Training session on filling of annual return of GST [GSTR-9] by law firm Thaman Associates

Ludhiana, June 11, 2019: A training session on filling of annual return of GST [GSTR-9] for the period 01.07.2017 to 31.03.2018 is organized by law firm M/s Thaman Associates, Rishi Nagar, Ludhiana today at SCD Government College, Ludhiana for the industrialists of Punjab. The law firm is represented by experts Sh.N.K.Thaman, Advocate and Sh.P.K.Thaman, Advocate.
Sh.N.K.Thaman has given detailed presentation on how to fill details in annual return. He has highlighted the following points:
1)The last date of filling return for the period 01.07.2017 to 31.03.2018 is 30.06.2019. The participants are advised to prepare their annual return at the earliest to avoid last minute rush.
2)If any additional outward liability arises for the transactions conducted during 01.07.2017 to 31.03.2018, which is not declared in any returns filed, that liability can be declared in GSTR- 9. However, this additional liability is required to be paid in cash only through GST DRC-03 form.
3)If any ITC is left to be taken for the period 01.07.2017 to 31.03.2018, it cannot be claimed in GSTR-9 and will lapse as last date of taking ITC was 31.03.2019.
4)GSTR-9 cannot be revised. So, utmost care is to be taken for filling the same.
5)With respect to mentioning of figures of outward supply and its GST liability, he explained the following points.
(a)The auto-populated information relating to outward supplies can be corrected. However, where auto-populated figures will be modified by more/less than 20%, the amendment will be highlighted in “RED” by the system for reference and attention of GST officer.
(b)Principle of declaring an outward supply is when tax paid through GSTR-3B return, irrespective of when the supply was declared in GSTR-1 return. So, supplies declared in GSTR-3B filed during 01.07.2017 to 31.03.2018 will be mentioned in Table 4 of GSTR-9.The supplies relating to this period, declared in GSTR-3B filed during 2018- 19 is to be mentioned in Column 10 of GSTR-9.
6)With respect to mentioning of figures relating to input tax credit (ITC), he explained the following points.
(a)In case of availment of ITC in respect of GST paid on RCM basis, the units are facing difficulty to segregate figures of ITC availed on services received from unregistered person and registered person as these figures are not readily available in any of the return filed.
(b)In respect of import of goods made during 01.07.2017 to 31.03.2018, whose ITC has been availed either during the period 01.07.2017 to 31.03.2018 and/or during 01.04.2018 to 31.03.2019, such ITC is to be mentioned in Column 6E of GSTR-9 as there is no separate column for declaring ITC availed during the period 01.04.2018 to 31.03.2019 relating to previous year.
(c)In annual return, the assessee is required to mention details of ITC availed on inputs, capital goods and input services separately. So, units are facing difficulty for this segregation also as these figures are not readily available in any of the return filed.
(d)In case of some assessees, the total of their GSTR-2A for the above period is not matching with information contained in auto-populated column 8A of GSTR-9. These assessees are advised to file grievance with common portal and their figures will be corrected by the system.
7)With respect to mentioning of HSN wise details of outward and inward supplies, he explained the following points.
(a)The system is asking for HSN details up to eight digits in case of goods and six digits in case of services which are very difficult to provide as assessees are not legally required to maintain the same.
(b)Since HSN wise details of inward supplies are not readily available in any return filed, the units have to work hard to complete this column.
Sh. P. K. Thaman has pointed out the discrepancies in GSTR-9, for which amendment or clarification is required to be issued by the Central Board of Indirect Taxes and Customs.
1)There is no column provided for showing RCM of 01.07.2017 to 31.03.2018 paid in2018-19. If the assessee add this in Column 10 of GSTR-9 relating to outward supplies, it will increase the taxable sales.
2)There is a situation, where a person had earlier taken some ITC wrongly and had afterwards reversed the same. In this case, the wrong taken credit has to be shown in Table 6 ofGSTR-9. The reversal has to be shown in Table 7 of GSTR-9. However, while comparing data of ITC taken from GSTR-2A, the system is only considering data of credit taken from Table 6 of GSTR-9 without considering reversal amount from Table 7 of GSTR-9. This resulted in showing of credit taken in GSTR-3B as more than GSTR-2A. But actually, due to non- considering of reversal amount by the system, the above issue will arise.
During question hours, the representatives of various industrial units interacted with experts and participated in a healthy discussion. The participant requested the experts to conduct these types of training sessions regularly as these are very helpful to industry.