{"id":2723,"date":"2019-11-19T12:03:07","date_gmt":"2019-11-19T06:33:07","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=2723"},"modified":"2019-11-19T12:05:29","modified_gmt":"2019-11-19T06:35:29","slug":"recent-changes-filing-gstr9-gstr9c","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/recent-changes-filing-gstr9-gstr9c\/","title":{"rendered":"Recent Changes And Simplifications In Filing of GSTR-9 & GSTR-9C"},"content":{"rendered":"

\"Recent<\/h2>\n

Recent Announcement by CBIC:<\/b><\/h2>\n

In order to provide relief to the taxpayers, the government has announced to extend the due date of filing of GSTR-9 (Annual Return)<\/a> and GSTR-9C (Reconciliation statement) for the financial year 2017-18 to 31<\/span>st<\/span> December 2019 and for the financial year 2018-19 to 31<\/span>st<\/span> March 2020. Apart from this, CBIC has also simplified these forms by making various fields as optional. CBIC has notified the amendments for simplification of GSTR-9 and 9C vide <\/span>Notification No. 56\/2019- Central Tax dated 14.11.2019.<\/p>\n

Simplifications announced in GSTR-9:<\/b><\/h3>\n
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  1. \n
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    1. Separate details of credit and debit note, supplies or tax declared or reduced through amendment earlier required in Table 4I\u00a0 to Table 4L is no more required which is a big relief to the taxpayers<\/a>. Now, this data can be merged with the details provided in Table-4B to 4E. (This is applicable for supplies on which tax is payable)<\/li>\n
    2. Separate details of credit and debit note, supplies declared or reduced through amendment earlier required in Table 5H\u00a0 to Table 5K is no more required which is a big relief to the taxpayers. Now, this data can be merged with details provided in Table 5A to 5F. (This is applicable for supplies on which Tax is NOT payable).<\/li>\n
    3. Earlier separate reporting of Exempted, Nil rated and Non-GST supplies were required in Table-5D to 5F but after this announcement, it is the option to report them on a consolidated basis in Table-5D in exemption column only.<\/li>\n
    4. Earlier, bifurcation of Input Tax credit (Normal\/RCM<\/a>\/ Import) among Inputs, Input services, and capital goods was required which is now optional to report on a consolidated basis under \u2018inputs\u2019 only.<\/li>\n
    5. \u00a0Separate reporting of ITC of RCM supplies from registered and unregistered suppliers is optional now and all such information now consolidated and reported in a registered supplier tab on a consolidated basis in Table-6D.<\/li>\n
    6. Reversal of Input Tax credit<\/a> which was separately required under Table 7A to 7E can now be shown on a consolidated basis in Table 7H. As, Table 7A to 7E are not covering reversals on account of TRAN-1 credit and Tran-2 credit, so these two credits continue to be reported separately.<\/li>\n
    7. Now option to provide Details required in Table 8A to 8D in duly signed PDF format in Form GSTR-9C\u00a0 (without CA certification)<\/li>\n
    8. Now It is the option of the Taxpayer to not to fill the following information:<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n