GSTR-9 is an annual return to be filed by registered taxpayers under GST, providing details of transactions undertaken during the financial year. As per the latest updates, the government has introduced amendments to the GSTR-9 form to allow taxpayers to claim input tax credit (ITC) that was not claimed in their GSTR-3B returns.
Additionally, taxpayers can also amend the details of their outward supplies, ITC and tax paid, which were reported in the GSTR-9 form for the previous financial year. The deadline for filing GSTR-9 for the financial year 2020-21 has been extended to March 31, 2022. It is important to note that GSTR-9 is a consolidated return, which means that it includes details of all monthly or quarterly returns filed during the financial year. Therefore, taxpayers must ensure that all their monthly or quarterly returns are filed accurately before filing GSTR-9.
GSTR-9 is an annual return that taxpayers registered under the Goods and Services Tax (GST) have to file. It contains details of all the supplies made and received during the financial year, along with the taxes paid and refunds claimed. The return has to be filed by all regular taxpayers who are registered under GST, except for those who are registered under the Composition Scheme (who have to file GSTR-9A instead).
Invoices can be amended in GSTR-9 only if they meet the following conditions:
1. The original invoice must have been uploaded and filed in the GSTR-1 return of the relevant tax period.
2. The ITC related to the invoice must have been claimed in the GSTR-3B return of the relevant tax period.
3. The amendment is being made within the due date for furnishing GSTR-9 of the relevant financial year, or before the date of filing of GSTR-9, whichever is earlier.
If the above conditions are not met, any changes or amendments to invoices must be made through GSTR-1 and GSTR-3B returns.
GSTR-9 is an annual return that taxpayers need to file under GST. It contains details of all the transactions that have taken place during the financial year, including supplies made, tax paid, and input tax credit (ITC) claimed. While GSTR-9 is primarily a reconciliation statement, taxpayers can also claim any unclaimed ITC for the financial year covered in the return. This means that taxpayers can claim ITC that was missed out in previous monthly or quarterly returns in their GSTR-9 return. However, they need to ensure that the ITC claimed in GSTR-9 is matched with the corresponding invoices, debit notes, or other eligible documents.
Q: What is GSTR-9?
GSTR-9 is an annual return that has to be filed by registered taxpayers under GST. It includes details of all supplies made and received during the financial year, input tax credit (ITC) claimed, taxes paid, and other relevant details.
Q: Can taxpayers claim ITC through GSTR-9?
Previously, taxpayers were not allowed to claim any ITC that was missed out in the GSTR-3B or GSTR-1 returns through GSTR-9. However, now taxpayers are allowed to claim ITC that was missed out in previous monthly or quarterly returns through GSTR-9.
Q: What is the deadline for filing GSTR-9?
The deadline for filing GSTR-9 is 31st December of the subsequent financial year. For instance, the due date for filing GSTR-9 for the financial year 2021-22 will be 31st December 2022.
Q: Can taxpayers amend their invoices through GSTR-9?
Previously, taxpayers were not allowed to amend invoices in GSTR-9. However, the government has now allowed taxpayers to amend invoices in GSTR-9, subject to certain conditions.
Q: What are the conditions for amending invoices in GSTR-9?
Taxpayers can amend invoices in GSTR-9 if the following conditions are met:
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