Purpose of this blog: This blog will help you to understand every dimension
of the GST Annual return and the GST audit.
Updated as on 21/05/2019
It is the
return which every registered taxpayer had to file annually, but the following
persons are not required to file the annual return:
·
A
person paying tax u/s 51 and 52
·
A
casual taxable person
·
An
Input service distributor
·
A
non-resident taxable person
The GST
audit shall be done when the turnover of the registered taxpayer exceeds ₹ 2
crores during a financial year.
Q1. Is it mandatory to file the GST annual
return?
·
Yes,
it is mandatory for all the taxpayers to file the GST annual return but subject
to a certain exception (see Q2).
Q2. Who is not required to file the GST
annual return?
·
A
person paying tax u/s 51 and 52
·
A
casual taxable person
·
An
Input service distributor
·
A
non-resident taxable person
Q3. What is the due date
of filing an annual return?
·
The
annual return under GST act, 2017 must be filed on or before 31st
December of the following financial year.
·
For July 2017 to March 2018 due date is 30.06.2019.
For example:
For the FY ending on 31.03.2018, the GST annual
return must be filed on or before 31st December 2018.
Q4. What will happen if I had two GST no.
of different states like one is of Faridabad (Haryana), and other is of Noida
(Uttar Pradesh)?
·
If the person is holding more than one GST number,
then that person had to file an annual return for all GST no. of all the states
separately.
(It means, GST annual return is to be
furnished for each GST number.)
Q5. Is
it possible to file GST annual return for “NIL” amount?
·
Yes,
it is possible in GST act to file an annual return as “NIL” return only if the
following all conditions are satisfied simultaneously:
·
NO sale
·
NO purchase of goods or services
·
NO other liability
·
NO ITC claimed
·
NO refund claimed
·
NO Demand notice (received)
·
NO late fees paid
Q6. Can it be possible to revise the GSTR 9
return?
·
NO,
it is not possible to revise GSTR 9.
(Advice: take help of
the professionals while filing GSTR 9 return, At Hoogmatic our professionals
will prepare and file your return with 100% accuracy.)
Q7. What
will happen, If I had registered to GST, but after a couple of months, I had
cancelled my GST number?
·
Let
us understand this by the following example:
Suppose Mr B registered to GST on 01st
July 2017 and on 31st Jan 2018 he got cancelled his registration.
In this case, Mr B had to file two
returns:
GSTR 10 for 01st July 2017 to 31st Jan 2018 final return in the case of cancellation
GSTR 9 for 01st July 2017 to 31st Jan 2018 Annual return
GSTR 10 for 01st July 2017 to 31st Jan 2018 final return in the case of cancellation
GSTR 9 for 01st July 2017 to 31st Jan 2018 Annual return
Q8. How many types of GST annual returns
are present under the GST Act?
·
There
are 4 types of Annual return under the GST Act:
Form No.
|
Return Name
|
By whom?
|
GSTR 9
|
Annual return
|
Every registered person
|
GSTR 9A
|
Annual return
|
Every Composition supplier
|
GSTR 9B
|
Annual return
|
Every E-commerce operator
|
GSTR 9C
|
Annual return with GST audit and Reconciliation
statement
|
Every registered person has turnover more than ₹ 2
crores during a financial year. (first file GSTR 9)
|
Q9. What is the late fee levied if the GSTR 9
not filed within the stipulated time?
·
The late will be ₹ 100 per day till the annual
return is not filed (subject to a maximum of 0.25% of business turnover in the
state or union territory).
Q10. What
will happen, If I had registered to GST under the composition scheme, but after
a couple of months, I had shifted to a regular scheme?
·
Let
us understand this by the following example:
Suppose Mr B registered to GST under
composition scheme in 04th July 2017, but on 31st Jan
2018 he got shifted to a regular scheme.
In this case, Mr B had to file two
returns:
GSTR 9A for 04th July 2017 to 31st
Jan 2018
GSTR 9
for 01st Feb 2018 to 31st Mach 2018
Q11. Can I claim Input Tax Credit while filing
the GST Annual return?
·
No,
ITC cannot be claimed while filing the GST annual return. (GSTR 9, GSTR 9A, GSTR
9B, GSTR 9C)
Q12. Can I show the additional liability which
I had forgotten to show in any other GST returns?
·
Yes,
additional liability can be shown in the GST annual return.
(Comment: As per Q11 and Q12, it is quite clear
that it’s a one-way road where we can add the additional liability but cannot
claim ITC which we forgot in GSTR 1 and GSTR 3B returns).
Q13. What is the format of the GSTR 9 as per
the GST Act?
·
GSTR 9 is divided into 6 parts
Part No.
|
Particulars
|
I
|
Basic Details
|
II
|
Details of Outward and inward
supplies made during the financial year
|
III
|
Details of ITC for the financial
year
|
IV
|
Details of tax paid as declared
in returns filed during the financial year
|
V
|
Particulars of the transactions
for the previous FY declared in returns of April to September of current FY
or up to the date of filing of annual return of previous FY (whichever is
earlier)
|
VI
|
Other Information
|
Q14. What is the format of the GSTR 9A as per
the GST Act?
·
GSTR 9A is divided into 5 parts
Part No.
|
Particulars
|
I
|
Basic Details
|
II
|
Details of outward and inward
supplies made during the financial year
|
III
|
Details of tax paid as declared
in returns filed during the financial year
|
IV
|
Particulars of the transactions
for the previous FY declared in returns of April to September of current FY
or up to the date of filing of annual return of previous FY (whichever is
earlier)
|
V
|
Other Information
|
Q15. What is the format of the GSTR 9C as per
the GST Act?
·
GSTR 9C is divided into 5 parts
Part No.
|
Particulars
|
I
|
Basic Details
|
II
|
Reconciliation of turnover
declared in audited Annual Financial Statement with turnover declared in
Annual Return (GSTR 9)
|
III
|
Reconciliation of tax paid
|
IV
|
Reconciliation of Input Tax
Credit (ITC)
|
V
|
Auditor's recommendation on
additional Liability due to non-reconciliation
|
Q1. What is the meaning of audit under the
GST Act?
·
The
meaning of “Audit” under the GST act is the examination of all documents,
records, returns maintained or furnished by the registered person under this
Act/ rules or under any other law.
Q2. When does the GST audit to be conducted
under the GST Act?
·
When
the annual turnover of the registered person during a financial year is more
than ₹ 2 crores.
Q3. What are the different types of GST
audit?
·
There
are two types of GST audit:
i.
Audit
by tax authorities (as per section 65)
ii.
Special
Audit (as per section 66)
Q4. Which return is to file when any person
falls under a GST audit?
·
The person shall file GSTR 9C.
Q5. What is Reconciliation statement in
GSTR 9C?
·
“Reconciliation
statement.” is for reconciling the value of supplies declared in the annual
return with the audited annual return.
Q6. Who can do a GST audit?
·
GST
audit can only be done by the Chartered Accountants or Cost work Accountants.
Q7. What is the due date of filing an annual
return?
·
The
annual return under GST act, 2017 must be filed on or before 31st
December of the following financial year.
·
For July 2017 to March 2018 due date is 30.06.2019.
For example:
For the FY ending on 31.03.2018, the GST annual
return must be filed on or before 31st December 2018.
Q8. What is the format of the GSTR 9C as
per the GST Act?
·
GSTR 9C is divided into 5 parts
Part No.
|
Particulars
|
I
|
Basic Details
|
II
|
Reconciliation of turnover
declared in audited Annual Financial Statement with turnover declared in Annual
Return (GSTR 9)
|
III
|
Reconciliation of tax paid
|
IV
|
Reconciliation of Input Tax
Credit (ITC)
|
V
|
Auditor's recommendation on
additional Liability due to non-reconciliation
|
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