One of my client is into Transport business and he do Sales only on Reverse charge basis. He doesn't pay any GST on the sale amount as all his sales is under RCM.
My query is while filing GSTR-9, do I have to report this sales under HSN column as under HSN only Taxable amount has to be mentioned which is Nil in my client's case.
10 July 2024
When filing GSTR-9 (Annual Return) for your client who is engaged in the transport business and only makes sales under Reverse Charge Mechanism (RCM), here's how you should report it:
1. **Reporting Sales in GSTR-9:** - Since your client's sales are entirely under RCM and he does not charge GST on these sales, the taxable value in his sales invoices would be nil. - In GSTR-9, under Table 17 (HSN/SAC-wise Summary of Outward Supplies), you are required to report the details of outward supplies made during the financial year. This table captures the taxable value and tax payable on outward supplies. - For your client's case, where the taxable value is nil (because sales are under RCM and no GST is charged), you should report these sales under the relevant HSN code with a taxable value of zero.
2. **Filing GSTR-9:** - Enter the details in GSTR-9 as per the actual sales made during the financial year. - Ensure that you report the HSN code applicable to transport services (if available) or under a general category if specific codes are not applicable. - Even though the taxable value is zero, you must still report these transactions to comply with the reporting requirements of GSTR-9.
3. **HSN Code Reporting:** - If there are specific HSN codes applicable to the transport services provided by your client, use those codes to categorize the sales accordingly. - If specific HSN codes are not available or not applicable, report the sales under a general category, ensuring to mention that the taxable value is nil.
4. **Verification and Reconciliation:** - Before finalizing GSTR-9, reconcile the data with GSTR-1 (if filed) to ensure consistency and accuracy in reporting. - Verify that all relevant details, including any amendments or adjustments made during the financial year, are correctly reflected in GSTR-9.
By following these guidelines, you can accurately report your client's sales under RCM in GSTR-9. This ensures compliance with GST regulations and facilitates a smooth filing process for the annual return. If you have specific HSN codes applicable to transport services, use them to categorize the sales accordingly to provide detailed reporting as required.
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