GST TAX RETURNS - GSTR 1, GSTR 3B, GSTR 2B, GSTR 2A, GSTR 4, GSTR 9, GSTR 9A,QRMP SCHEME, IFF

  STEP WISE METHODS TO FILE GSTR - 9A (ANNUAL RETURN FOR COMPOSITION TAXPAYERS ) Download the GSTR -9A Offline Tool from the GST Portal by             Go To  www.gst.gov.in → Downloads → Offline Tools → GSTR -9A Offline Tool → click on Download A zipped folder of GSTR -9A offline toll will be downloaded. Extract the excel sheet and then open the excel sheet. After opening the excel sheet it will be shown as below: The first Sheet of Excel is Read Me in which you don't have to do anything it only contains instructions to Fill GSTR -9A . In the above excel sheet you can see at the top right side corner there is a security warning for enabling Macros, click on options then a pop-up window will open as shown below Click on enable this content and the Macros will be enabled. Now you have to Download the JSON file from the GST portal that we will upload in this excel sheet. www.gst.gov.in → Login to your Account → Go To Return Dashboard → Go To Annual returns→ Select the Financia

  FORM GSTR - 9A (COMPOSITION TAXPAYERS) Before proceeding forward to understand the method of filling of FORM GSTR -9A we should note down some important points. GSTR -9A is a Annual Return that has to be filled by the taxpayers who has opted for Composition Scheme under Section 10 through FORM GST CMP - 01 / GST REG - 01 . Composition taxpayers file their Return Annualy in GSTR-4 , but GSTR-4 has to be filled for the Current Financial Year and GSTR - 9A has to be Filled for the preceding Financial Year. Now some of you will think that if Both returns has to be filled Annualy then why their are two different Returns available to be filled. The difference of the Two returns will be explained to you in my next Blog. Here the main purpose of GSTR -9A is that, The review of this return (GSTR - 9A) will help GST Authorities to Weed Out (Remove the taxpayers) the registered tax payers who were not eligible for Composition benefit in The First Place. But then also they have opted f

  DUE DATE FOR FILLING OF FORM GSTR-4 (COMPOSITION TAXPAYERS) FOR F.Y. 2019-2020  Due Date For Filling of Form GSTR-4 (Form For Composition Taxpayers under Composition Scheme) For F.Y. 2019-20 has been Extended to 31st October, 2020 (31.10.2020) Notification No 64/2020 of Central Tax Act

  TRANSACTIONS OF CURRENT YEAR (CY) (FY 2018-2019) BUT AMENDMENT NOT DONE WHILE FILLING RETURN IN SUCCEEDING YEAR Nature of Transactions Reporting in Books of Accounts of 2018-19 Reported in GSTR-1 (2018-19) Reported in GSTR-3B (2018-19) Reporting in   GSTR-9 (2018-19) Outward Supplies 1,00,000 1,00,000 1,00,000 Table 4 / 5 – Auto populated Outward Supplies 1,00,000 90,000 1,00,000 Table 4 / 5 of GSTR-9 auto populates the data of GSTR-1, therefore u will have to Edit the Table 4/5 by   increasing the value by 10000 { 100000(GSTR-3B) – 90000(GSTR-1) } (Just an Example.) Outward Supplies 1,00,000 1,00,000 90,000 IF you have shown less supplies in GSTR-3B compare to GSTR-1 then the liability of Tax (against the less amount shown) has to be shown in Table

  INPUT TAX CREDIT DISCLOSURE OF SHORT / EXCESS INPUT TAX CREDIT (ITC) CONDITION ACTION You have Claimed excess amount of ITC as compared to ITC in Books of Accounts of FY 2018-19 and you have not Reversed that excess ITC in 2018-19 Returns Reverse that excess ITC in April 19 to Sept 19 period Returns. If reversed the excess ITC that was claimed in 2018-19 in the Returns of April 19 to Sept 19 No reporting in GSTR-9 If not reversed in 2018-19 also and in April 19 to Sept 19 also Reverse such excess ITC through DRC-03. Short claim of ITC in GSTR-3B of 2018-19 as compared to Books of Accounts of FY 2018-19 Claim that Short ITC in April 19 to Sept 19 returns If claimed Short ITC of 2018-19 in returns of April 19 to Sept 19 Show in Table 8C and Table 13 of GSTR-9 of FY 2018-19 If not claimed Short ITC of 2018

  WHEN, WHY & HOW TO DISCLOSE THE TRANSACTIONS IN GSTR-9 We will get to know here in detail that when in which return we din't file the details and against that in which return we filed the details. OUTWARD SUPPLIES (OS) OF FY 2018-19 TRANSACTIONS REPORTED IN TRANSACTIONS REPORTED IN RETURNS OF APRIL 19 TO SEPT 19 (2019-2020) REPORTING/ DISCLOSING  IN ANNUAL RETURN GSTR-1 (2018-19) GSTR-3B (2018-19) GSTR-1 (2019-20) GSTR-3B (2019-20) GSTR-9 (2018-19)         YES       YES       NO       NO       TABLE 4 / 5 If the data is auto-populated then you don’t have to do anything in this table.   YES   NO   NO   YES   TABLE 10 / 11 You have to fill the amount of 18-19 that is in the 3B of 19-20