ANNUAL GST RETURN – 9 FOR FINANCIAL YEAR 2018-19 – ERRORS – RECTIFICATION REQUIRED
Hope you might be aware of the due date to file GSTR-9 (Annual Return) & GSTR-9C (Reconciliation Statement) for the financial year 18-19 is 31/03/2020 via Order No. 08/2019-Central Tax dated 14.11.2019. However few registered persons & professionals are still in the process of filing the GSTR-9 & GSTR-9C for the F.Y.17-18. Let me coming to the point precisely,
- Kind Attention – Tax payers
Forms to file GSTR-9 & GSTR-9C for the F.Y.18-19 were enabled (i.e. Forms are in operating state) in GST portal. However it seems there is no official notification with respect to the same. But By this time and all most of you would have received this information. If not, kindly make note of it.
- Errors in GSTR-9 form – Rectification Required
So far there are two errors that are majorly facing by the professionals & the registered persons while filing the GSTR-9 for the F.Y.18-19.
1. Common Error – GSTR-2A credit not auto populated in Table 8
The most common issue facing by every taxpayer is the Input tax credit (ITC) as per GSTR-2A is not reflecting/auto-populating in Table 8 of form GSTR-9 for the F.Y.18-19. Many professional experts & other professional associations made representations on behalf of taxpayers to the GSTN Technical team & to other respective officials at CBIC regarding this matter. Expecting corrective measures as early as possible by the said department.
2. Error with respect to Transition credit – Table 6
This error is commonly seen among the registered persons who claimed & availed transition credit (via GST TRAN 1 & TRAN 2 forms) during the F.Y.17-18.
Amount of transition credit, the same what we claimed & availed during the F.Y.17-18 is again reflecting/auto-populating in the Table 6 of GSTR-9 for the F.Y.18-19. But the difference between the first & the second error is, we can edit the error in Table 6 of the said form, whereas error at Table 8 can be rectified only by the said department.
But if we edit & make that column as ‘zero’ in Table 6, then that column will reflect in red colour as per the note at the top of the said table. (Note – If 20% variation in the figures, then that column will reflect red in colour). Therefore it requires needful action from the said department as early as possible.