{"id":683,"date":"2018-10-01T19:46:36","date_gmt":"2018-10-01T14:16:36","guid":{"rendered":"http:\/\/laqshya.in\/blog\/?p=683"},"modified":"2018-10-01T19:46:36","modified_gmt":"2018-10-01T14:16:36","slug":"points-to-keep-in-mind-about-gst-annual-return","status":"publish","type":"post","link":"https:\/\/laqshya.in\/blog\/points-to-keep-in-mind-about-gst-annual-return\/","title":{"rendered":"Points to keep in mind about GST Annual Return"},"content":{"rendered":"\n\n
<\/div>\n\n

Important Points about GST Annual Return<\/h2>\n

\u200bAs per section 44 of CGST ACT,2017 \u201cEvery 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.\u201d<\/p>\n

As per Notification No. 39\/2018 \u2013 Central Tax,2017,\u201d GSTR-9 Annual return format is notified.\u201d<\/p>\n

For the filing annual return, in addition to normal details you should also keep in ready with following details.<\/p>\n

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:<\/p>\n

a) ITC in relation to the purchase of capital goods.
\nb) ITC in relation to the purchase of other than capital goods.
\nc) ITC in relation to the services.<\/p>\n

2. Inward supplies liable to reverse charge is be segregated to two types:
\na. Registered
\nb. unregistered
\n& The above is further bifurcated into<\/p>\n

a) ITC in relation to the purchase of capital goods.
\nb) ITC in relation to the purchase of other than capital goods.
\nc) ITC in relation to the services
\nExample: GST paid under RCM on GTA services received from unregistered persons is divided in relation to inputs, capital goods, services.<\/p>\n

Example: GST paid under RCM on GTA services received from registered persons is divided in relation to inputs, capital goods, services.<\/p>\n

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).<\/p>\n

4. HSN wise summary of inward supplies with quantity and taxable value and ate of tax.<\/p>\n

\u2013END OF ARTICLE\u2013<\/h4>\n

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Important Points about GST Annual Return \u200bAs per section 44 of CGST ACT,2017 \u201cEvery 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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-683","post","type-post","status-publish","format-standard","hentry","category-latest-updates-on-taxation"],"acf":[],"yoast_head":"\nPoints to keep in mind about GST Annual Return - Laqshya Institute<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/laqshya.in\/blog\/points-to-keep-in-mind-about-gst-annual-return\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Points to keep in mind about GST Annual Return - 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