26 February 2022
can we change the taxable value figure in GSTR9? Actually we omitted to addjust a Sales return in GSTR1 and GSTR3B both but liability was accurately reported after considering the sales return affect and GST was correctly paid.. Just Taxable value was not altered.. can we rectify the same in GSTR9?
09 July 2024
Yes, you can rectify the taxable value figure in GSTR-9 if there were omissions or errors in your previously filed GSTR-1 and GSTR-3B. The annual return GSTR-9 allows you to make adjustments and report the correct figures.
### How to Rectify the Taxable Value in GSTR-9
1. **Identify the Correct Taxable Value**: - Ensure you have the correct taxable value including the sales return effect which was omitted in GSTR-1 and GSTR-3B.
2. **Report in GSTR-9**: - **Table 4**: Report the taxable value and tax paid during the financial year. Ensure the corrected figures are entered here. - **Table 4A**: Details of supplies on which tax is payable (including outward supplies and adjustments). - **Table 4B**: Details of supplies on which tax is not payable. - **Table 9**: Report the differential tax paid, if any, due to the corrections in the taxable value.
### Steps to Follow:
1. **Navigate to GSTR-9 Form**: - Log in to the GST portal and open the GSTR-9 form for the relevant financial year.
2. **Adjust Taxable Value**: - In **Table 4** of GSTR-9, adjust the taxable value to reflect the correct amount, including the sales returns.
3. **Review and Reconcile**: - Ensure the figures reconcile with your books of accounts and previously filed returns.
4. **Pay Any Differential Tax**: - If the correction results in additional tax liability, pay the differential tax through DRC-03 before filing GSTR-9.
5. **Submit GSTR-9**: - After making the necessary corrections, submit the GSTR-9 form.
### Example:
If your initial taxable value in GSTR-1 and GSTR-3B was Rs. 1,00,000, and due to sales returns the adjusted taxable value should be Rs. 90,000, you need to:
- Report Rs. 90,000 as the taxable value in Table 4A of GSTR-9. - Ensure the tax amounts reported match the tax actually paid.
### Important Points:
- **Ensure Accuracy**: Verify all figures before submitting to avoid discrepancies. - **Additional Tax Payment**: If corrections lead to additional tax liability, ensure it's paid using DRC-03. - **Reconciliation**: Reconcile GSTR-9 with your books of accounts, GSTR-1, and GSTR-3B.
### References:
- [GST Portal User Manual for GSTR-9](https://tutorial.gst.gov.in/userguide/annualreturns/index.htm#t=manual_gstr9.htm) - [GST Notification and Circulars](https://www.gst.gov.in/newsandupdates)
Making these adjustments ensures your annual return reflects accurate figures, complying with GST regulations.
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