WHILE FILING ANNUAL RETURN FACING SOME PROBLEMS AND CONFUSIONS. FIRST CONFUSION IS TABLE 6 OF GSTR 9 IS EDITABLE OR NOT ITC CLAIMED DURING THE YEAR AUTO POPULATED SHOWING MINUS FIGURE IF ITC CORRECTLY CLAIMED IN THE RETURN MATCHED WITH THIS TABLE THEN THERE IS NO EDIT REQUIRED FOR THE INFORMATION MEANS LIKE THIS (-136721 AND -136721.) OR TO FILL SAME FIGURE IN THE INPUTS COLUMN TO MATCH THE MINUS FIGURE OR LEFT AS IT IS IN. SECOND. TABLE 8 OF ITC RELATED INFORMATION IS OPTIONAL OR NOT. BECAUSE ITC CLAIMED AND ITC RELATED INFORMATION IS NOT MATCHED MEANS ITC CLAIMED AS PER GSTR 2A BUT ITC RELATED INFORMATION SHOWING LESS THE AMOUNT SHOWING THE TABLE 6 OF THE GSTR 9. WHAT TO DO DIFFERENCE AMOUNT IS PAYABLE OR NOT. IF NOT PAID WHAT WILL BE THE CONSEQUENCES. BECAUSE GSTR 2A IS COMPLETED MATCHED WITH TABLE 6 OF THE RETURN. THREE. WE CAN FILE ANNUAL RETURN IF IGNORING TABLE OF 8 OF THE GSTR 9 ONLY COMPARE WITH TABLE 6 OF THE RETURN. FOUR. WE HAVE CLAIMED PREVIOUS YEAR 19-20 ITC IN THE NEXT YEAR AFTER OCT 2020 IS THIS ELIGIBLE HOW TO SHOW IN THE GSTR 9. SOME INVOICES NOT CLAIMED BUT SHOWING IN THE TABLE 8 OF THE GSTR 9. HOW TO TAKE THE ITC OF MISSING. FIVE. WHILE FILING THE CONTRACTOR GSTR 9, THE TABLE 8 OF THE RETURN NOT SHOWING ANY ITC INFORMATION. BUT DISPLAYED IN THE TABLE 6 OF THE RETURN. WHAT TO DO IN THIS SITUATION.
FINALLY, DEAR ALL RESPECTED EXPERTS, ALL MY CLIENTS TURNOVER BELOW 2.CRORE SOME OF CLIENTS IS LESS THAN 20 AND 40 LAKHS, PLEASE KINDLY SUGGEST ME GSTR 9 IS MANDATORY FOR THE FINANCIAL YEAR 2019-20 OR NOT IF FACING THESE PROBLEMS CAN WE FILE GSTR 9 ANNUAL RETURN IF FILED GST HAS TO BE PAID IN THE HANDS OF MY CLIENTS.
09 July 2024
Filing GSTR-9 can indeed be complex, especially when dealing with reconciliations and discrepancies. Let's address each of your queries step by step:
### Query 1: Table 6 of GSTR-9
1. **Is Table 6 Editable?** - Table 6 of GSTR-9 is editable. You should ensure that the figures in this table match the annual figures as per your audited financial statements or GST returns filed during the year. - If the ITC claimed during the year matches with what is auto-populated in Table 6 (showing as a negative figure), and it correctly reflects the ITC claimed in your returns, then you do not need to make any changes. It's fine to leave it as is, provided it matches your records.
### Query 2: Table 8 of GSTR-9
1. **Is Table 8 Optional?** - Table 8 of GSTR-9 pertains to reconciliation of ITC as per audited financial statements with ITC claimed in annual returns (GSTR-3B). It is not optional if you are filing GSTR-9. - You need to reconcile the ITC claimed as per GSTR-3B with the ITC available as per audited financial statements (which can differ from GSTR-2A). - If there are differences, adjustments may be required. If there's a shortfall in ITC claimed as per GSTR-9 compared to GSTR-2A, you may need to pay the differential amount along with interest.
### Query 3: Filing GSTR-9 Without Table 8
1. **Can GSTR-9 be filed without Table 8?** - Ideally, Table 8 should be filled to reconcile ITC claimed in GSTR-3B with audited financial statements. Ignoring it may lead to discrepancies in your annual return. - However, if your ITC claimed in GSTR-3B matches with what's available in audited financial statements, and there are no significant differences, you may proceed with filing. Ensure all other tables are accurately filled.
### Query 4: Previous Year ITC Claimed in Next Year
1. **Eligibility and Treatment in GSTR-9** - If you have claimed ITC in FY 2019-20 for invoices of FY 2019-20 but filed it in FY 2020-21, it's permissible as long as it complies with GST rules (within time limits). - In GSTR-9, report ITC as per the financial year in which it was claimed (FY 2020-21 in your case). Include the invoices that were missed in Table 8 if they appear there.
### Query 5: ITC Information Discrepancy Between Tables 6 and 8
1. **Discrepancy in Contractor's GSTR-9** - Ensure that both Table 6 and Table 8 of GSTR-9 reflect accurate information regarding ITC. If Table 8 shows no ITC information for contractors but Table 6 does, there may be an issue of reconciliation. - Investigate why Table 8 doesn't show ITC and ensure all invoices are correctly accounted for.
### Final Query: Mandatory Filing of GSTR-9 for Clients with Turnover Below 2 Crores
1. **Mandatory Filing for FY 2019-20** - For FY 2019-20, GSTR-9 is mandatory for all GST registered businesses with a turnover exceeding Rs. 2 crores annually. - For businesses with turnover below Rs. 2 crores, filing GSTR-9 is optional but recommended for proper compliance and record-keeping.
### Conclusion
- Ensure thorough reconciliation between GSTR-3B, GSTR-2A, audited financial statements, and GSTR-9 tables (especially Tables 6 and 8). - Correct any discrepancies and pay any differential taxes along with interest, if applicable. - Seek assistance from a GST practitioner or tax expert to handle these complexities and ensure compliance with GST regulations.
For specific cases and detailed guidance, consulting with a professional who can review your records and provide tailored advice would be beneficial.
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