How to File an Annual Return (GSTR9) by RetailGraph Software

How to file Annual Return (GSTR9)

Easy Steps to file Annual Return (GSTR9) with SwilERP (RetailGraph)


Please note for GSTR9:

1. It is to be filed online on GSTN Portal.

2. You can download the GSTR9 JSON file from GSTN and use the offline tools provided on GSTN.
3. Please use the GSTR9 option of RetailGraph and GST Summary option to check GST Data, You may also use the Analysis option of GST Summary.
4. HSN wise details are available in GSTR9 exported from RetailGraph and details are available in the GST Summary option in the GST menu and can be exported to excel using right-click. Then you can paste it in GSTN or in the offline tool or share it with your CA.
5. In GSTR9 C your CA would ask for services, capital goods and purchase ITC details, the same is to be prepared using HSN detail for purchases, explained in the earlier step.
6. There is no printout or JSON file or excel file for GSTR9. Please use the tools provided by GSTN. It is actually summed total of all GSTN returns filed during the year.

What is GSTR-9?

GSTR-9 is the annual return that all registered, taxable people must file. Businesses are required to file this return annually by 31st December of the coming financial year (FY). In a recent announcement, CBIC extended due dates for filing GSTR-9, GSTR-9A, and GSTR-9C up to 30th June 2019 for Annual Return of Financial Year 2017-18.  


The GSTR-9 return is a summary of a business’s monthly or quarterly returns, i.e., the total number of transactions in a particular financial year. It includes the amount of taxes paid (CGST, SGST, IGST) during the year, as well as details of exports or imports. In the December meeting, the GST Council also clarified that outward or inward supplies should be declared in annual returns as “supplies made during the financial year” and not “supplies as declared in GST returns filed.”

In simple terms, the purpose of the GSTR-9 is to consolidate information previously furnished in the monthly or quarterly returns. This implies that all monthly and quarterly returns must be filed before filing the annual return. Moreover, the GSTR-9 is not a rectification return but a consolidation return, which requires that data provided in monthly and quarterly returns must match the data on the GSTR-9 exactly.

GSTR9 from RetailGraph:

You can get GSTR9 from RetailGraph in excel sheet with important information like HSN Inward and HSN Outward etc as shown below:

You can get below report from  RetailGraph   ->GST->   GST Forms (For Offline Tool )


Retailgraph GST report format.

You can compare this sheet with your GSTR9 available in GSTN. 

 

GST Summary in RetailGraph :


You can get below report from  RetailGraph->GST->   GST Summary  and it will help you to reconcile your GST data.


Retailgraph GST summary data report.

Types of GSTR9 forms:

Filing the GSTR-9 return involves the following forms:

  1. GSTR-9A:   This form is to be filed by taxpayers registered under GST’s composition scheme. It is a summary of all quarterly returns previously filed by the composition taxpayer. (Proviso to Sub Rule (1) of Rule 80)
  2. GSTR-9B:  This form is to be filed by e-commerce operators who have filed GSTR-8 during the previous financial year. It is basically an audited, annual account, duly certified by the competent authority. (Sub Rule 2 of Rule 80)
  3. GSTR-9C:  This is a reconciliation statement to be filed by taxpayers whose annual turnover exceeds INR 2 crores (for all states) during the financial year. All such taxpayers are required to have their accounts audited by a Chartered Accountant, or Cost Accountant, and file a copy of their audited annual accounts. They must also file a reconciliation statement of tax already paid and details of tax payable as per audited accounts, along with this return.
In this article, we have explained to you how RetailGraph can help you to file GSTR9 using "GST Summary and GSTR9 exported from RetailGraph". 

You can file GSTR 9 yourself or with the help of the accountant after adding the above details online on the GSTN portal or using the offline tool, You can provide the above details to your CA for filing GSTR9C. 


1. What is GSTR-9C?


GSTR-9C is a statement of  reconciliation  between:


The Annual returns in GSTR-9 filed for an FY, first being 2017-18 and  The figures as per Audited Annual Financial Statements of the taxpayer.


It is certified by the CA. It can be considered to be similar to that of a tax audit report furnished under the Income-tax act. It will consist of gross and taxable turnover as per the Books reconciled with the respective figures as per the consolidation of all the GST returns for an FY. Hence, any differences arising from this reconciliation exercise will be reported here along with the reasons for the same.


The certified statement shall be issued for every GSTIN. Hence, for a PAN there can be several reports of GSTR-9C.


2. Who must prepare & submit GSTR-9C?

GSTR-9C must be prepared and certified by the Chartered Accountant or Cost Accountant. It must be filed on the GST portal or through the facilitation center by the taxpayer along with other documents such as the copy of the Audited Accounts and Annual returns in GSTR-9.


This statement is applicable to all those taxpayers who must get their Annual Accounts audited under the GST laws. Audit applies to those registered persons whose Annual aggregate turnover exceeds Rs 2 crores in that FY, here being FY 2017-18.


For More Details, you can contact us by generating ticket on  swildesk.com  or mail us on   retailgraph@swindia.com  

  

      • Related Articles

      • Export GSTR9 Data In Excel File

        How to Export GSTR-9 Data in Excel File Through SwilERP Software What is GSTR 9? GSTR-9 is the annual return that all registered, taxable people must file. Businesses are required to file this return annually by 31st December of the coming financial ...

      • Export GSTR-1 (JSON) In New Format

        How to Export GSTR-1 (JSON) New Form in SwilERP What is GSTR-1 Data? Form GSTR-1 is a return statement in which a regular dealer needs to capture all the outward supplies made during the month or quarter. In simple words, GSTR-1 is a return in which ...

      • Export GSTR-1 JSON File

        How to Export GSTR-1 JSON file in SwilERP Software In this article, we discuss how to export JSON file of GSTR-1 data for uploading in GST Portal. What is GSTR-1? Form GSTR-1 is a return statement in which a regular dealer needs to capture all the ...

      • Export GSTR-3B Data in Excel Layout

        What is the process of exporting GSTR 3B data into excel in SwilERP (RetailGraph) What is GSTR-3B? The GSTR-3B is a consolidated summary return of inward and outward suppliers that the government of India has introduced to relax the requirements for ...

      • Export GSTR-2 Excel File

        How to Export GSTR2 Excel File Through SwilERP Software What is GSTR-2? The GSTR-2 is a monthly tax return showing the purchases you’ve made for that month. When you make purchases from registered vendors, the information from their sales returns ...