Deadline : GSTR-9 for the FY 2021-22 is due by 31st December, 2022.
Applicability:
Every registered taxpayer having aggregate annual turnover of more than Rs. 2 Crore has to file annual return in GSTR-9 mandatorily.
Latest Amendments in GSTR-9:
- Amendments in Table no. 4 (Details of outward supply on which tax is payable) : All columns of table no. 4 are mandatory to be filled for the Financial Year 2021-22 which were optional earlier i.e 4I to 4L.
- Amendments in Table no. 5 (Details of outward supply on which tax is not payable) : Wef FY 2021-22 registered person has to give separate information on Non GST supplies and consolidated figures for exempted and nil rated supply in Table no. 5D to 5F which is related to exempted/nil/non gst supply the same was optional till last year.
- Amendments in Table no. 6 (Details of ITC availed during the financial year) : The break up of ITC on inputs and input services are still optional to show whereas ITC related to Capital Goods is required to be shown separately.
- Amendments in Table no. 7 (Details of ITC reversed and ineligible ITC during the year) : Entire amount of ITC reversal can be shown in Table no. 7H for the FY 2021-22 also but reversals on account of transitional credit has to be shown separately.
- Amendments in Table no. 8 (Other ITC related information) : Taxpayers need to give information with this regard in Table no. 8A to 8D and upload the same without the CA of a Chartered Accountant in GSTR-9C.
- Table no. 17 (HSN wise summary of outward supplies) : It is mandatory to report the HSN wise summary of outward supplies for the FY 2021-22. Six digit HSN code is mandatory in case the turnover is above Rs. 5 Crore. Four Digits HSN Code for all B2B Supplies up to Rs. 5 Crore.
- Table no. 18 (HSN wise summary of inward supplies) : Still optional for the FY 2021-22.
Adhere to all the changes made in GSR-9 before the preparation of GSTR-9 for the FY 2021-22.
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