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As you know, Trade and Industry of India are filling and filing their 2017-18 GST Annual Return for the first time. They have to file it in Form GSTR 9 before June 30 2019.Trade and Industry has some queries on GSTR 9.CBIC's press release tries to address them.The PR generally clarified 8 matters. In this ripple, I have tried to break down the press release in small easy workable points.
Here are the FAQ with their answers:
Can auto-populated data in GSTR 9 be corrected ?
Answer 1 :
YES, You are permitted to do manual corrections in the auto-populated data.
Tips on auto-population:
Where should you report the supplies made in 2017-18?
You should report the supplies in Pt II of GSTR 9.
Where should you report the supplies that you made in 2017-18 but on which you paid tax in the year 2018-19 through GSTR 3B?
Please report them in Pt 5 of GSTR 9.
Tip on Question 3:
How should you report the UNDECLARED supplies?
If you haven't declared a supply earlier, then please declare the supply in part II of GSTR-9.
Tips on undeclared supply:
How should you report 2017-18 transactions that you declared in your returns between April 2018 to March 2019?
Please report them in Pt V of GSTR-9.
Tips on Question 5:
3 Bonus Points on Input tax credit:
Please remember 3 points on input tax credit.
Point # 1:
You should report the input tax credit on inward supplies from April 2018 to March 2019 in Table 8C of Form GSTR-9.
Point # 2:
Please fill your entire credit availed on import of goods from July 2017 to March 2019 in table 6(E) of form GSTR-9.
Point # 3:
Table 8A of form GSTR-9 auto-populates the ITC contained in form GSTR-2A (till May 1, 2019).