As the date of filing of annual Return under GST being 30/06/2019 is fast approaching and there appears no news of any extension we present here certain clarifications in the reference of annual return filing which are essential while preparing the annual return.While reading this post it is essential and we presume that the reader has a working knowledge of GSTR filing process as the data are to be derived from the returns filed during the year gone by .Also for a ready reference reader can read our post on annual return here and it is advisable also.
Particulars of the transactions for FY 2017-18 declared in returns between April 2018 to March 2019 shall be declared in Pt. V of FORM GSTR-9. Such particulars may contain details of amendments furnished in Table 10 and Table 11 of FORM GSTR-1:
Part V of said return asks for the amendments related to F.Y. 2017-18 that you must have reported in first 6 months returns of F.Y. 2018-19 .These amendments must have been reported in table 10 and 11 of respective GSTR 1 of F.Y.2018-19 starting from April 18 to September 18
It may be noted that irrespective of when the supply was declared in FORM GSTR-1, the principle of declaring a supply in Pt. II or Pt. V is essentially driven by when was tax paid through FORM GSTR-3B in respect of such supplies. If the tax on such supply was paid through FORM GSTR-3B between July 2017 to March 2018 then such supply shall be declared in Pt. II and if the tax was paid through FORM GSTR3B between April 2018 to March 2019 then such supply shall be declared in Pt. V of FORM GSTR-9.
Essentially this is an important interpretation which says that the declaration of supply is to be declared in part II if the tax has been paid through GSTR 3B during 2017-18 but if the tax has been paid through GSTR 3B in 2018-19 then it is to be declared in Part V.While doing this it is immaterial in which GSTR1 the supply is declared
Supply not declared in GSTR1 or GSTR 3B
Any additional outward supply which was not declared by the registered person in FORM GSTR-1 and FORM GSTR-3B shall be declared in Pt. II of the FORM GSTR-9. Such additional liability shall be computed in Pt. IV and the gap between the “tax payable” and “Paidthrough cash” column of FORM GSTR-9 shall be paid through FORM DRC-03.
Mismatch between auto- populated data and the actual entry in their books of accounts or returns
Autopopulation of data is only for information basis and can be overwritten and only the actual figures that can be verified from books of accounts have to be reported
Payments made through DRC 03
DRC03 is for voluntary payments made.Payments made through FORM DRC-03 for any supplies relating to period between July 2017 to March 2018 will not be accounted for in FORM GSTR-9 but shall be reported during reconciliation in FORM GSTR-9C
Though the above clarifications will help in filing the annual return yet to get a clear understanding readers are advised to go through our earlier post on annual return for which link has been given above already .
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