Key Revisions to GSTR-9 and GSTR-9C Forms: Latest CBIC Amendments
This article outlines the significant amendments made to GSTR-9 and GSTR-9C forms, as notified by the CBIC. It details simplified reporting options for outward supplies, input tax credit, and reversals across various tables for different financial years. Understanding these changes is essential for taxpayers to ensure accurate and compliant annual GST return filings, especially as the FY 2023-24 deadlines approach.
📖 5 min read read🏷️ GSTR-9 and GSTR-9C Changes
The government regularly updates tax legislation and forms to simplify compliance for taxpayers, enabling timely and hassle-free return submissions. With the annual return and reconciliation deadline for FY 2023-24 approaching, understanding these recent modifications is crucial for accurate filing.
Summary of Amendments in Form GSTR-9
| Table No. | Particulars | Changes Made | Applicable for FY |
|---|---|---|---|
| Tables 4 and 5: Details of Outward Supplies | |||
| 4B to 4E | Details of outward taxable supplies | These tables now permit reporting of details for outward taxable supplies as a net figure, accounting for credit/debit notes and amendments, rather than requiring separate disclosure in tables 4I to 4L. | From FY 2017-18 to FY 2020-21 |
| 4G1 | Supplies on which ecommerce operator is required to pay tax as per section 9(5) (including amendments, if any) | E-commerce operators are required to disclose the consolidated value of all supplies (adjusted for amendments) where tax liability rests with the operator under Section 9(5). | FY 2023-24 |
| 5A to 5F | Details of outward supplies on which tax is not payable | These tables now permit reporting of details for outward supplies on which tax is not payable as a net figure, accounting for credit/debit notes and amendments, rather than requiring separate disclosure in tables 5H to 5K. | From FY 2017-18 to FY 2022-23 |
| 5C1 | Supplies on which ecommerce operator is required to pay tax as per section 9(5) (including amendments, if any) | E-commerce operators are required to disclose the consolidated value of all supplies (adjusted for amendments) where tax liability rests with the operator under Section 9(5). | FY 2023-24 |
| 5D to 5F | Exempt, nil-rated and non-GST supplies | For exempt, nil-rated, and non-GST supplies, taxpayers can consolidate 'exempted' supplies in Table 5D. For FY 2022-23 and FY 2023-24, non-GST supplies (5F) must be reported distinctly. For exempted and nil-rated supplies, filers have the choice to report them either separately or as a combined figure within the 'exempted' category. | From FY 2017-18 to FY 2023-24 |
| 5H | Credit notes in respect of outward supplies | Taxpayers have the option to populate Tables 5A to 5F net of credit notes if separate reporting in this table proves challenging. | From FY 2017-18 to FY 2023-24 |
| 5I | Debit notes in respect of outward supplies | Taxpayers have the option to populate Tables 5A to 5F net of debit notes if separate reporting in this table proves challenging. | From FY 2017-18 to FY 2021-22 |
| 5J & 5K | Supplies declared/reduced through amendments | Taxpayers have the option to populate Tables 5A to 5F net of amendments if separate reporting in this table proves challenging. | From FY 2017-18 to FY 2021-22 |
| Table 6: ITC Availed During the FY | |||
| 6B to 6E | Details of ITC availed | For FY 2017-18 and 2018-19, registered persons can either provide a detailed breakdown of input tax credit (ITC) into inputs, capital goods, and input services, or report the entire ITC under the 'inputs' category. For FY 2019-20 through FY 2023-24, taxpayers must report the breakdown for capital goods ITC and can choose to either categorize the remaining ITC into inputs and input services separately or report it all under 'inputs'. | From FY 2017-18 to FY 2023-24 |
| 6C & 6D | ITC on reverse-charge | An option is provided to report details for both tables 6C and 6D solely under 6D. | From FY 2017-18 to FY 2023-24 |
| Table 7: ITC Reversal | |||
| 7A to 7E | Details of ITC reversals | An option is provided to report the entire reversal amount under the 'other reversal' category in table 7H. | From FY 2017-18 to FY 2023-24 |
| 7F & 7G | ITC reversals on account of TRAN-I and TRAN-II | Details regarding ITC reversals due to TRAN-I and TRAN-II must be mandatorily reported in tables 7F and 7G, respectively. | From FY 2017-18 to FY 2023-24 |
| IV. Table 8: Other ITC Related Information | |||
| 8A | ITC as per GSTR-2A | Invoice-level details for Table 8A can be accessed by utilizing the 'Download Table 8A Document Details' button, located within the GSTR-9 return instructions. | From FY 2017-18 to FY 2022-23 |
| ITC as per GSTR-2B | This table will automatically populate with the total input tax credit (ITC) available for inward supplies for the relevant financial year, excluding imports and reverse charge supplies, but including services from SEZs, as reflected in Table 3(I) of Form GSTR-2B. | FY 2023-24 | |
| 8A to 8D | Details of ITC availed | Taxpayers have the option to submit details in PDF format with Form GSTR-9C, even without a Chartered Accountant's certification. | From FY 2017-18 to FY 2018-19 |
| 8C | Details of ITC availed on reverse-charge | ITC for inward supplies received during the relevant financial year, but claimed in the subsequent financial year within the specified period, must be reported here. | From FY 2017-18 to FY 2023-24 |
| V. Tables 10 to 18: Other Information | |||
| 10 to 14 | Transactions related to the previous FY | Transactions pertaining to the prior financial year, but reported in the succeeding financial year as per the specified period, are to be included here. | From FY 2017-18 to FY 2023-24 |
| 12 & 13 | Reversal of ITC availed during the previous FY & ITC availed for the previous FY | This reporting is optional. | From FY 2017-18 to FY 2022-23 |
| 15A to 15D | Refunds claimed, sanctioned, rejected and pending | This reporting is optional. | From FY 2017-18 to FY 2023-24 |
| 15E to 15G | Demand of taxes, taxes paid and demands pending | This reporting is optional. | From FY 2017-18 to FY 2021-22 |
| 16A to 16C | Supplies received from Composition taxpayers, deemed supply under sec.143 and goods sent on approval basis but not returned | This reporting is optional. | From FY 2017-18 to FY 2021-22 |
| 17 & 18 | HSN-wise summary of outward and inward supplies | This reporting is optional. | From FY 2017-18 to FY 2023-24 |
For FY 2023-24, the reporting requirements for Tables 10-14 are as follows:
- Tax declared for 2023-24 in GST returns filed from April to October 2024, or by the annual return filing date (whichever comes first), should be reported in Table 10.
- Tax reductions for 2023-24 in GST returns filed from April to October 2024, or by the annual return filing date (whichever comes first), should be reported in Table 11.
- ITC related to FY 2023-24 but reversed in GSTR-3B returns filed from April to October 2024, or by the annual return filing date (whichever comes first), should be reported in Table 12.
- ITC related to FY 2023-24 but claimed in GSTR-3B returns for April to October 2024, or by the annual return filing date (whichever comes first), should be reported in Table 13.
- Any differential tax paid due to the above disclosures should be reported in Table 14.
Summary of Amendments in Form GSTR-9C
| Table No. | Particulars | Changes Made | Applicable for FY |
|---|---|---|---|
| 5B to 5N | Turnover adjustments | These adjustments are optional and may be incorporated into Table 5O. | From FY 2017-18 to FY 2019-20 |
| 12C | ITC booked but not credited | This reporting is optional. | From FY 2017-18 to FY 2019-20 |
| 14 | ITC reconciliation | This reconciliation is optional. | From FY 2017-18 to FY 2023-24 |
Further Reading
Frequently Asked Questions
What is the primary purpose of filing GSTR-9?
GSTR-9 is an annual return filed by regular taxpayers to consolidate the details furnished in their monthly or quarterly returns during the financial year, providing a comprehensive summary of outward and inward supplies, input tax credit, and tax paid.
Who is required to file GSTR-9C?
GSTR-9C is a reconciliation statement that must be filed by registered taxpayers whose aggregate turnover exceeds a specified limit (currently ₹5 crore) in a financial year. It reconciles the annual return (GSTR-9) with the audited annual financial statements.
What are the consequences of late filing of GSTR-9?
Late filing of GSTR-9 can result in late fees and interest. A late fee of ₹100 per day per Act (CGST and SGST/UTGST) is levied, up to a maximum of ₹5,000. Interest is also applicable on any unpaid tax liability at 18% per annum.
Can I revise my GSTR-9 after submission?
Currently, the GST law does not provide a specific mechanism for revising GSTR-9 once it has been filed. Any errors or omissions can typically be adjusted in subsequent monthly or annual returns, subject to time limits.
How do the GSTR-2A/2B reconciliations impact GSTR-9 filing?
GSTR-2A/2B reconciliations are crucial for GSTR-9 as they help taxpayers compare their availed Input Tax Credit (ITC) with the details auto-populated from their suppliers' filings. This comparison aids in ensuring accurate ITC reporting in GSTR-9 and identifying any discrepancies.