Checklist For GSTR 9, GSTR 9A and GSTR 9C

As an Indian business owner or startup founder, you might have heard about GSTR 9, GSTR 9A, and GSTR 9C. These are annual returns that businesses registered under the Goods and Services Tax (GST) need to file. Filing these returns can be a daunting task for many business owners, but it is important to avoid penalties and stay in compliance with GST regulations.

What is GSTR 9?

GSTR 9 is an annual return form that needs to be filed by regular taxpayers registered under GST. It includes details of all inward and outward supplies made during the financial year. It also includes details of input tax credit availed and reversed, as well as any demand or refund arising during the year. GSTR 9 is divided into six parts:

Basic details of the taxpayer
Details of outward and inward supplies made during the year
Details of input tax credit (ITC) availed and reversed
Details of tax paid
Particulars of transactions for the previous financial year declared in returns filed by the taxpayer
Other information

What is GSTR 9A?

GSTR 9A is an annual return form that needs to be filed by businesses registered under the GST composition scheme. It includes details of all outward supplies made during the financial year, as well as details of any taxes paid. GSTR 9A is divided into five parts:

Basic details of the taxpayer
Details of outward supplies made during the year
Details of taxes paid
Particulars of transactions for the previous financial year declared in returns filed by the taxpayer
Other information

What is GSTR 9C?

GSTR 9C is a reconciliation statement that needs to be filed by businesses with an annual turnover of more than INR 2 crore. It is a combination of GSTR 9 and audited financial statements. It includes details of all inward and outward supplies made during the financial year, as well as details of input tax credit (ITC) availed and reversed. GSTR 9C is divided into two parts:

Reconciliation statement, which reconciles the taxpayer's declared turnover and tax paid with the audited financial statements
Certification of reconciliation statement

Checklist for filing GSTR 9, GSTR 9A, and GSTR 9C

Now that you have a better understanding of what GSTR 9, GSTR 9A, and GSTR 9C are, let's take a look at the checklist for filing these returns:

GSTR 9

Reconcile the outward supply and inward supply invoices with the financial books
Ensure that all input tax credit (ITC) is correctly claimed and reversed
Verify that all taxes paid have been correctly reported in the return
Check for mismatches between the auto-populated and actual data
Ensure that all amendments made during the year have been correctly reported in the return
Reconcile the annual return with the monthly or quarterly returns filed during the year
Ensure that all advances received and adjusted during the year are reported in the return
Verify that all HSN (Harmonized System of Nomenclature) and SAC (Services Accounting Code) codes are correctly reported
Ensure that the turnover reported in GSTR 9 matches the annual financial statements
Verify that all details of outward and inward supplies made to or from another GSTIN (Goods and Services Tax Identification Number) have been correctly reported in the return
Check for errors and inaccuracies in the return before filing

GSTR 9A

Ensure that all outward supplies made during the year have been correctly reported in the return
Verify that all taxes paid have been correctly reported in the return
Check for mismatches between the auto-populated and actual data
Ensure that all amendments made during the year have been correctly reported in the return
Reconcile the annual return with the monthly or quarterly returns filed during the year
Ensure that all HSN (Harmonized System of Nomenclature) and SAC (Services Accounting Code) codes are correctly reported
Check for errors and inaccuracies in the return before filing

GSTR 9C

Ensure that all inward and outward supplies made during the year have been correctly reconciled with the financial books
Verify that all input tax credit (ITC) is correctly claimed and reversed
Ensure that all taxes paid have been correctly reported in the return
Check for mismatches between the auto-populated and actual data
Ensure that all amendments made during the year have been correctly reported in the return
Reconcile the annual return with the monthly or quarterly returns filed during the year
Ensure that all advances received and adjusted during the year are reported in the return
Verify that all HSN (Harmonized System of Nomenclature) and SAC (Services Accounting Code) codes are correctly reported
Ensure that the turnover reported in GSTR 9C matches the annual financial statements
Verify that all details of outward and inward supplies made to or from another GSTIN (Goods and Services Tax Identification Number) have been correctly reported in the return
Check for errors and inaccuracies in the return before filing

Conclusion

Filing GSTR 9, GSTR 9A, and GSTR 9C can be a complex process, but it is essential for businesses to stay compliant with GST regulations. By following the checklist above, you can ensure that your returns are filed correctly and avoid penalties. If you need help with filing your returns, consider consulting with a tax professional.