GSTR-9 is an annual return form comprising particulars of inward and outward supplies made and received during the applicable financial year. Every financial year, GSTR-9 is filed by a GST-registered person electronically. These forms change from time to time and are published through CBIC notifications. After evaluating the issues faced by persons known as taxpayers in completing the filing and after persistent requests from industry professionals and business corporations, the Ministry of Finance has ultimately received the proposal to streamline the form.
Did you know? Registered persons with a turnover of more than ₹5 crores must file both GSTR-9 and GSTR-9C, which are an Annual Return and a Reconciliation Statement, respectively.
Latest Updates in Form GSTR-9
The latest updates for form GSTR-9 are
- 16th November 2022
Format of GSTR-9 - The duration after Financial Year 2021-2022 will no longer be mentioned as ‘Apr 2022 to Sept 2022’ and instead will be noted as ‘Apr 2022 to Oct 2022’ filed up to 30.11.2022.”
- 5th July 2022
Exemption - Taxpayers with an annual turnover exceeding ₹2 crores during the Financial Year 2021-22 have been exempted from filing GSTR-9 annual returns.
Also Read: When is Reverse Charge applicable under the GST Act of 2017?
Latest Updates in Form GSTR-9C
The latest updates for form GSTR-9C are simplified here:
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5th July 2022
Exemption - Those taxpayers registered under GST with aggregate annual turnover not exceeding ₹2 crores in the Financial year 2021-22 will be exempted from filing Form GSTR-9C by CBIC.
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29th December 2021
Due Date: The filing date of GSTR-9 and GSTR-9C for the Financial Year 2020-21 has been delayed to 28th Feb 2022.
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31st July 2021
Exemption- Those taxpayers registered under GST with aggregate annual turnover less than or equal to ₹2 crores in the Financial year 2020-21 will be exempted from filing Form GSTR-9C by CBIC.
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30th July 2021
- GST Audit - The need to perform such an audit and get it certified by a Chartered Accountant or a Cost Managerial Accountant has been removed.
- From Financial Year 2020-21, taxpayers with an annual turnover of more than ₹5 crores in the earlier financial year will have to file Form GSTR-9C which can be certified by themselves.
- Form GSTR-9C will be altered to aid taxpayers in self-certification.
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28th May 2021
- GSTR-9 will be a choice for those taxpayers whose annual turnover is up to ₹2 crores.
- GSTR-9C can be certified by taxpayers whose annual turnover does not exceed ₹5 crores from Financial Year 2020-21.
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9th March 2021
GSTR-9A - Form GSTR-9A, which was previously present, has now been abolished from 2019-20 for those composition taxpayers as GSTR-4 has been introduced. Nonetheless, there is a choice to file Form GSTR-9A for the financial years 2017-18 and 2018 -19.
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28th February 2021
Due Date: The expected date for filing has been extended until 31st March 2021 for the financial year 2019-20.
Also Read: Understand How You Can Prepare Your GST Returns Offline
Changes in Form GSTR-9 as of 26th December 2019
The changes in Form GSTR-9 as of 26th December 2019 are
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Table 4 & Table 5 - Outward Supply Information
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Table 4 - Information on Outward Supplies |
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Table No. |
Particulars |
Changes |
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4B - 4E |
Outward taxable supplies information |
Instead of separately reporting in table 4I to table 4L, the tables must be completed with the net of credit/debit notes and modifications. |
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Table 5 - Information on Outward Supplies |
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Table No. |
Particulars |
Changes |
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5A - 5F |
Information on outward supplies where tax isn't payable |
Instead of separately submitting in table 5H to table 5K, tables must be written with the net of credit/ debit notes and changes. |
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5D - 5F |
Nil-rated, non-GST and exempt supplies |
In table 5D, there is now a choice to report a compact digit under “exempted” supplies. |
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Table 6 - ITC Availed throughout the Financial Year
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Table 6 - ITC Availed Throughout the Financial Year |
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Table No. |
Particulars |
Changes |
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6B - 6E |
Information about ITC Availed |
Now there is an option to submit all ITCs under the row “inputs”. |
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6C & 6D |
ITC on reverse charge |
Now there is a choice to submit data from both table 6C and table 6D under table 6D itself. |
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Table 7 - The Reversal of ITC
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Table 7 - The Reversal of ITC |
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Table No. |
Particulars |
Changes |
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7A - 7E |
Information on ITC reversals |
In table 7 there is a choice to submit the whole amount under "other reversal”. |
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7F & 7G |
TRAN -I and TRAN- II ITC reversals |
The information to be reported in Table 7F and Table 7G is mandatory. |
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Table 8 - Additional Related ITC Information
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Table 8 - Additional ITC-Related Information |
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Table No. |
Particulars |
Changes |
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8A |
ITC according to GSTR-2A |
As of 1st November 2019, the GSTR-2A developed will be automatically auto-populated. Select the “Download Table 8A Document Details” button to get information on Table 8A in the form of invoices. This button will be available under the set of instructions in the GSTR-9 return. |
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8A - 8D |
Information of ITC availed |
Now there is a choice to upload information as a PDF in Form GSTR-9C and a CA need not certify it. |
Note - Credit that was availed in FY 2017-18 between April 2018 to March 2019 must be declared in table 8C on that value of the ITC availed on all the inward supplies received from July 2017 to March 2018. The credit availed in FY 2018-19, between April 2019 to September 2019, must be released in table 8C on the amount of ITC that has benefited from all the inward supplies obtained from April 2018 to March 2019.
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Table 10 to Table 18 - Other Information
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Table 10 to Table 14 |
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Table No. |
Particulars |
Changes |
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10 - 14 |
All transactions interrelated to the earlier financial year |
Those transactions that are interconnected to the earlier financial year but submitted in the next financial year as per the duration specified will be submitted here. |
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Table 12 & Table 13 |
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Table No. |
Particulars |
Changes |
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12 & 13 |
The reversal of the ITC that has been availed in the earlier financial year and the ITC availed for the earlier financial year. |
It is optional. |
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Table 15 |
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Table No. |
Particulars |
Changes |
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15A - 15D |
Refunds that have been appropriated, approved, abandoned and kept pending |
It is optional. |
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15E - 15G |
The demand for taxes paid taxes and demands kept pending |
It is optional. |
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Table 16 |
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Table No. |
Particulars |
Changes |
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16A - 16C |
Those supplies that have been acquired by composition taxpayers or deemed supplies under section 143 and those goods sent on the basis of approval. |
It is optional. |
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Table 17 & Table 18 |
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Table No. |
Particulars |
Changes |
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17 & 18 |
The summary of HSN-wise outward and inward supplies |
It is optional. |
Changes in Form GSTR-9C as of 26th December 2019
The changes in Form GSTR-9C as of 26th December 2019 are
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Table 5- Turnover Adjustments
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Table 5 - Turnover Adjustments |
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Table No. |
Particulars |
Changes |
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5B to 5N |
Turnover Adjustments
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It is optional. Although, adjustments can be made in table 50. |
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Table 12 & Table 14 - ITC Reconciliation
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Table 5 - ITC Reconciliation |
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Table No. |
Particulars |
Changes |
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12B, 12C and 14 |
ITC Reconciliation
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It is optional. |
There are minor changes in the declaration part that also includes the declaration made by the auditor, which will be currently read as “true and fair” instead of “true and correct” before their signature and stamp or seal.
Also Read: Know About the Latest News GST in India Relevant For Businesses
What are the Changes Made in Form GSTR-9 for CBIC in 2022 to 2023
Form GSTR-9 is an annual return that is required to be filed by all registered taxpayers under the Goods and Services Tax (GST) in India. The Central Board of Indirect Taxes and Customs (CBIC) has made several changes to Form GSTR-9 for the financial year 2022-2023. These changes include
- Addition of a new section on details of supplies made to unregistered persons under the composition scheme.
- Amendment to the details of HSN codes to be provided in the form.
- New information to be provided regarding the import of goods and services.
- Changes to the reconciliation statement (part V) to include details of the consolidated turnover and tax liability.
- Changes in the format of providing details of the ITC availed and reversed during the financial year.
- It is advisable to check the latest guidelines issued by the CBIC to ensure compliance with the updated Form GSTR-9.
How do I File GSTR-9 for the Year 2022-23?
To file the GSTR-9 for the Central Board of Indirect Taxes and Customs (CBIC) for the financial year 2022-2023, follow the steps below:
- Collect all the necessary data and information, including invoices, credit and debit notes, and sales and purchase details, for the financial year 2022-2023.
- Login to the GST portal using your GSTIN and password.
- Navigate to the Returns section and click on the GSTR-9 form.
- Fill in the details required in the form, including the total turnover, details of inward and outward supplies, and the amount of tax paid.
- Verify the details entered in the form and submit the form.
- Once the form is successfully submitted, you will receive an acknowledgement receipt.
- It is imperative to note that the due date for filing the GSTR-9 for the financial year 2022-2023 is December 31, 2023.
Conclusion
After evaluating the issues faced by taxpayers in completing the filing and after persistent requests from industry experts and business enterprises, the government has ultimately received the proposal to streamline the form. Now a simplified form is used for filing annual GST return GSTR-9 and GSTR-9C and provides additional time to the taxpayers for furnishing GSTR-9 annual returns.
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