GSTR 9, News

GSTR 9 Annual Return live on GST website

06 Mar
The GST Annual Return (GSTR-9) for FY 2017-18 is required to be filed by every taxpayer registered as normal taxpayer before 30th June 2019. The facility to file GSTR-9 on the portal has been activated on 6th March 2019. Following are the relevant points:
1.        GSTR-1 & GSTR-3B summary for FY 2017-18 is available in PDF Format on the basis of which GSTR-9 has to be prepared.
2.        System Generated GSTR-9 is also available. (with all the auto-populated amounts)
3.        GSTR-9 can be filed online. It can also be prepared on Offline Tool (not yet activated) and then upload on the Portal and can be filed.
4.        Annual return in Form GSTR-9 once filed cannot be revised.
5.        Computation of ITC based on GSTR-2A was first auto-populated by the System based on GSTR-1 filed by the corresponding suppliers up to 29/01/2019 . Next auto-updation of GSTR-2A was carried out on 01/03/2019 . If there are some missing credits in GSTR-2A, it is advisable to wait till next updation since legally the suppliers can rectify errors and omissions till 31st March 2019 for invoices pertaining to FY 2017-18.
6.        All GSTR-1 & GSTR-3B for FY 2017-18 should have been filed before filing GSTR-9.
7.        Nil GSTR-9 can be filed if all the following conditions are satisfied simultaneously if the GSTIN during the FY 2017-18 has:
  • Not made any outward supply (commonly known as sale); AND
  • Not received any inward supplies (commonly known as purchase) of goods/services; AND
  • No liability of any kind; AND
  • Not claimed any Credit during the Financial Year; AND
  • Not received any order creating demand; AND
  • Not claimed any refund.
 
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