How to file Annual Return (GSTR9) with Unisolve/Cross

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 

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.

Types of forms

Filing the GSTR-9 return involves the following forms:

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)

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)

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 (Unisolve/Cross) can help you to file GSTR9 using "GST Query" in the GST menu. GST Query provides you required details to file “GSTR9” on GST Portal. GST Query shows all GST Transactions on a single screen. You can enter Date Range & click on the Show Details option and then the software calculates & generates all data of Sales & Purchase as per selected date range. In GST Query Account Detail Tab shows all Differences Red color & Green color indicated amount matches with accounting ledgers, When double click on any line, it is showing difference details transaction wise. This is very useful for GST Annual Return. GST Query is having the following tabs:

1. Account Detail
   
2. Check List
   
3. HSN Detail
   
4. Reposting
   
5. Delete GST Data
   

GSTR9 requires you to provide HSN wise purchase and sales detail. You get this detail from the tab HSN Detail. When you click on this TAB, then software shows HSN wise Qty., Total Value, Taxable Value & Tax Values. You can right-click and export to excel and share the same with the Accountant. Image as per below:

Export to Excel: After export this data in an excel file. You can open your Excel file through your given path. Now you can check & copy this HSN wise data on your GSTR9. Screen as per below:

You can file GSTR 9 yourself or with the help of an 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 the 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.

SWIL Team

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