TMI BlogComparison of Relaxations in Reporting Requirements in GSTR-9 & GSTR-9C for FY 2020-21 and FY 2021-22X X X X Extracts X X X X X X X X Extracts X X X X ..... Comparison of Relaxations in Reporting Requirements in GSTR-9 & GSTR-9C for FY 2020-21 and FY 2021-22 - By: - Chitresh Gupta - Goods and Services Tax - GST - Dated:- 23-8-2022 - - The CBIC had issued Notification No. 14/2022-Central Tax dated 06-07-2022 in order to simplify the reporting requirements in GSTR-9 and GSTR-9C . As some of the relaxations were available upto FY 2020-21 only, the detailed analysis of such relaxations in the form of comparison for FY 2020-21 and FY 2021-22 is provided below: Table 1: Comparison of Relaxations in GSTR-9 GSTR-9 Relaxations Applicable for Table Particulars Rel ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axations FY 2020-21? FY 2021-22? 4B to 4E Details of advances, inward and outward supplies made during the financial year on which tax is payable This table can be filled net of credit notes, debit notes, amendments respectively in case there is any difficulty in reporting such details separately Yes No 4I, 4J, 4K 4L CN, DN, amendments These can be netted off in Table 4B to 4E Yes No 5D, 5E, 5F Exempted, Nil rated, Non-GST Taxpayers have an option to either separately report his supplies as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exempted, nil rated and Non-GST supply or report consolidated information for all these three heads in the exempted row only Yes No, the taxpayers shall report Non-GST supply (5F) separately and shall have an option to either separately report his supplies as exempted and nil rated supply or report consolidated information for these two heads in the exempted row only 5A to 5F Details of Outward supplies made during the financial year on which tax is not payable This table can be filled net of credit notes, debit notes, amendments respectively, in case there is any difficulty in reporting such details separately Yes Yes ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5H, 5I, 5J 5K CN, DN, amendments These can be netted off in Table 5A to 5F Yes Yes 6B Inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs) Taxpayers shall report the breakup of input tax credit as capital goods and have an option to either report the breakup of the remaining amount as inputs and input services or report the entire remaining amount under the inputs row only Yes Yes 6C 6D Inward supplies received from unregistered / registered persons liable to revers ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e charge (1) Taxpayers shall report the breakup of input tax credit as capital goods and have an option to either report the breakup of the remaining amount as inputs and input services or report the entire remaining amount under the inputs row only. (2) Taxpayers have an option to either report Table 6C and Table 6D separately or report the consolidated details of Table 6C and 6D in Table 6D only Yes Yes 6E Import of goods (including supplies from SEZs) Taxpayers shall report the breakup of input tax credit as capital goods and have an option to either report the breakup of the remaining amount as inputs and input services or report th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e entire remaining amount under the inputs row only. Yes Yes 7A to 7E Details of ITC reversed Taxpayers have an option to either fill his information on reversals separately in Table 7A to 7E or report the entire amount of reversal under Table 7H only. Yes Yes 12 Reversal of ITC availed during previous financial year Optional Yes Yes 13 ITC availed for the previous financial year Optional Yes Yes 15A, 15B, 15C, 15D, 15E, 15F, 15G ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Particulars of Refunds demands Optional Yes Yes 16A, 16B 16C Information on supplies received from composition taxpayers, deemed supply under section 143 and goods sent on approval basis Optional Yes Yes 17 HSN Wise Summary of outward supplies Optional Yes No, it shall be mandatory to report HSN code at six digits level for taxpayers having annual turnover in the preceding year above ₹ 5.00 Cr and at four digits level for all B2B supplies for taxpayers having annual turnover in the preceding year upto ͅ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7; 5.00 Cr. 18 HSN Wise Summary of Inward supplies Optional Yes Yes Table 2: Comparison of Relaxations in GSTR-9C GSTR-9C Relaxations Applicable for Table Particulars Relaxations FY 2020-21? FY 2021-22? 5B Unbilled revenue at the beginning of Financial Year While preparing Reconciliation of Gross Turnover in Table 5, it would be optional to not fill unbilled revenue, unadjusted advances and other few entries. If there ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... are any adjustments required to be reported then the same may be reported in Table 5O Adjustments in turnover due to reasons not listed above Yes Yes 5C Unadjusted advances at the end of the Financial Year 5D Deemed Supply under Schedule I (+) 5E Credit Notes issued after the end of the financial year but reflected in the annual return 5F Trade Discounts accounted for in the audited Annual Financial Statement but are not permissible under GST 5G Turnover from April 2017 to June 2017 5H ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Unbilled revenue at the end of Financial Year 5I Unadjusted Advances at the beginning of the Financial Year 5J Credit notes accounted for in the audited Annual Financial Statement but are not permissible under GST 5K Adjustments on account of supply of goods by SEZ units to DTA Units 5L Turnover for the period under composition scheme 5M Adjustments in turnover under section 15 and rules thereunder 5N Adjustments in turnover due to foreign exchange fluctuations 12B ITC booked i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n earlier Financial Years claimed in current Financial Year Optional Yes No, details of ITC booked in earlier FY claimed in Current FY need to be reported in GSTR-9C now. 12C ITC booked in current Financial Year to be claimed in subsequent Financial years Optional Yes No, ITC booked in current Financial Year to be claimed in subsequent Financial years need to be reported now. 14 Reconciliation of ITC declared in Annual Return ( GSTR-9 ) with ITC availed on expenses as per audited Annual Financial Statement or books of accounts There will be an option to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not fill Table 14-Reconciliation of ITC declared in Annual Return ( GSTR-9 ) with ITC availed on expenses as per audited Annual Financial Statement or books of account . Yes Yes Thus, the above tables indicates the comparison of the relaxations in Form GSTR-9 and GSTR-9C for FY 2020-21 and FY 2021-22. There were relaxations which were applicable for FY 2020-21 has been continued in FY 2021-22 and some of these relaxations have been curtailed for FY 2021-22. Thus, the taxpayers need to be very cautious while filing GSTR-9 and GSTR-9C for FY 2021-22. - - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanageme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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