Important Points about GST Annual Return
As per section 44 of CGST ACT,2017 “Every registered person, other than input service distributor, a person paying tax under section 51/52 and non-resident taxable person, shall furnish an annual return for every financial year electronically in such form and manner prescribed on or before the thirty -first day of December following the end of such financial year.”
As per Notification No. 39/2018 – Central Tax,2017,” GSTR-9 Annual return format is notified.”
For the filing annual return, in addition to normal details you should also keep in ready with following details.
1. ITC details regarding inward supplies claimed in GSTR 3B other than imports and inward supplies liable not reverse charge is to be bifurcated in to three categories:
a) ITC in relation to the purchase of capital goods.
b) ITC in relation to the purchase of other than capital goods.
c) ITC in relation to the services.
2. Inward supplies liable to reverse charge is be segregated to two types:
a. Registered
b. unregistered
& The above is further bifurcated into
a) ITC in relation to the purchase of capital goods.
b) ITC in relation to the purchase of other than capital goods.
c) ITC in relation to the services
Example: GST paid under RCM on GTA services received from unregistered persons is divided in relation to inputs, capital goods, services.
Example: GST paid under RCM on GTA services received from registered persons is divided in relation to inputs, capital goods, services.
3. Amount of ITC reclaimed (i.e Aggregate value of input tax credit availed, reversed and reclaimed under the provisions of the shall be declared there).
4. HSN wise summary of inward supplies with quantity and taxable value and ate of tax.
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