TMI BlogChanges in Form GSTR 9 & 9C applicable for FY 2019-20X X X X Extracts X X X X X X X X Extracts X X X X ..... Changes in Form GSTR 9 & 9C applicable for FY 2019-20 - By: - VinayGandhi B - Goods and Services Tax - GST - Dated:- 19-10-2020 - - Goods and Services Tax (GST) is now already more than 3 years old but we have completed GST audit of the first 9 months of GST implementation i.e. for period July 2017 to March 2018. The 2ns year annual return is in progress and not the 3 rd year i.e. FY 2019-20 is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ready. There were many concessions given during the first 2 financial years. There was a doubt in many minds whether the same will be extended to FY 2019-20 or not. Here is the solution. CBIC has issued notification no. 79/2020 Central Tax dated 15.10.2020 amending CGST rules, 2017 wherein there are some options/concessions in filing Form GSTR 9 9C even for FY 2019-20. This article tr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ied to brief such changes. GSTR 9 Taxpayers to report numbers pertaining to that Financial Year only in Tables 4,5,6 7. The values pertaining to the preceding financial year shall not be reported here. With respect to OUTPUT - Concessions related to entering values net of Credit notes in 4B to 4E/5A to 5F instead of separately in 4I/5H, net of Debit Notes in 4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... B to 4E/5A to 5F instead of separately in 4J/5I. Details of amendments in 4B to 4E/ 5A to 5E instead of separately in 4K 4L/ 5J 5K Exempted, nil rated and Non-GST supply or report consolidated information for all these three heads in the ― exempted row only With respect to INPUT ITC breakup to be given as Capital Goods mandatorily. Inputs and Input Servi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ces can be cumulatively given. RCM supplies concession continues i.e. no need of breakup of Inward supplies from unregistered persons in 6C and from registered persons in 6D separately. Instead, cumulative number can be given in 6D only. Any Reversals in ITC can be shown in 7H instead of separately giving the break up in 7A to 7H Details as per GSTR 2A as on 01.11.2020 will ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be considered for Table 8A. Regarding Amendments made during April 2020 to September 2020 Details of amendments made in GSTR 3B and GSTR 1 during April 2020 to September 2020 only are to be shown in Table 10 to 13 Concessions pertaining to details of demands, refunds, HSN summary of Outward Supplies, HSN summary of Inward Supplies are all continued for FY 2019-2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 too. GSTR 9C Applicability Rule 80 of CGST Rules 2017 has been amended to continue the limit of Aggregate Turnover exceeding ₹ 5 Crores for filing GSTR 9C for FY 2019-20. Form - Whatever concessions available for FY 2017-18 2018-19 are continued even for FY 2019-20. Author may be contacted at ca.vinaygandhi@gmail.com for any queries relating to GST. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Happy GSTR 9 9C Filings. - Reply By Prem Gomathy as = As Tables 12B and 12C are optional, can auditor report the entire figure in Table 12A without giving breakup into 12B and 12C? Dated: 21-3-2021 - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - 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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