Form GSTR-9 is an annual return to be filed by all registered taxpayers under the GST law, with a few exemptions. A taxpayer shall report all outward supplies, inward supplies, taxes paid, refund claimed, demands raised and ITC availed and utilised in Form GSTR-9. GSTR-1 and GSTR-3B should be filed before filing the annual return for the financial year.How to fill Table 6: Details of ITC availed during the financial yearTip: Refer to our checklist and best practices for ITC reporting in the GSTR-9 return for FY 2022-23. Here is a list of optional tables in the GSTR-9.Table 6NameDetailsATotal amount of Input tax credit availed through Form GSTR-3B.The details of ITC availed through Table 4A of GSTR-3B are auto-populated in this Table and the same is non-editable.BInward Supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs)This Table requires categorization of ITC claimed on all inward supplies other than imports and those subject to reverse charge but includes services received from SEZ into Input, Capital and Services. Table 4(A)(5) of FORM GSTR-3B may be used for filling up these details.C & DInward Supplies liable to reverse charge on which tax is paid and ITC availed 6C: Received from unregistered persons 6D: Received from registered personsThe aggregate value of input tax credit on all inward supplies liable to reverse charge should be reported in these Tables. 6C: Supplies received from unregistered persons 6D: Supplies received from registered persons Note:The ITC should be further classified into input, input services, and capital goods. Table 4(A)(3) of FORM GSTR-3B may be used for filling up these detailsEImport of goods (including supplies from SEZ)The aggregate value of ITC availed on all imports from outside India/SEZ units should be reported in this Table. Note: If the supply of goods is made by SEZ to a DTA without a bill of entry then it is considered as a normal transaction and is not reported in this Table.

GSTR-9 return filing is more than consolidating the monthly returns filed during a financial year. Businesses must collate the Goods and Services Tax (GST) data, including sales register, purchase register, returns filed, taxes paid, demands, and refunds. Further, one must file GSTR-9 if they were registered at least for a single day in a financial year. They should have filed all the GSTR-1 and 3B returns for the financial year before filing GSTR-9.This article explains all about GSTR-9, including what it is, its applicability, due date, details to be filled, late fee, penalties and FAQs. Further, we have provided a white paper on the checklist to file an error-free GSTR-9.

The Goods and Services Tax (GST) law was introduced in India to correct the erstwhile law’s several wrongs. One of the main problems was a lack of transparency concerning both the taxpayers and the government. Under the GST regime, one of the methods of the government to ensure transparency is by digitising the process. e-way bill is one such measure.Documents to carry in case eway bill is not requiredAn e-way bill will act as an effective tool to check tax evasion at various points and track the movement of goods. The transporter has to ensure that a copy of the tax invoice or a bill of supply should be carried when an e-way bill is not required to be generated.An insight into how the e-way bill acts as a tax evasion tool can be seen from an instance.

GSTR-9C is a reconciliation statement to be self-certified and filed by certain taxpayers under GST. It needs due verification of the annual GST returns in GSTR-9 with the audited financial statements for a given financial year to report any gaps.Introduction to GSTR-9CGSTR-9C is a reconciliation statement for reconciling values between the annual GSTR-9 of a financial year and the audited financial statements of the taxpayer. Every registered taxpayer whose turnover exceeds Rs.5 crore during a financial year is required to file this reconciliation statement. This ensures correct self-assessment of taxes for a financial year by the applicable taxpayer. The taxpayer shall prepare this statement and later filed online or through a facilitation centre along with a copy of the audited financial statements and the GSTR-9 return for the financial year.What are the Sections to be Filled in Form GSTR-9C?GSTR-9C is divided into the following sections:Part-A: Reconciliation StatementThe figures in the audited financial statements are at PAN level. Hence, the turnover, Tax paid and ITC earned on a particular GSTIN (or State/UT) must be pulled out from the audited accounts of the organisation as a whole.The Reconciliation Statement is divided into five parts as follows: Part-I: Basic details: Consists of FY, GSTIN, Legal Name and Trade Name.

e-Way Bill is an electronic way bill for the movement of goods to be generated on the e-way bill portal. e-Way Bill is required for a transparent and hassle-free movement of goods across India. An overview of e-Way Bills in Form EWB-01Form GST EWB-01 is the e-way bill document that needs to be carried by the person in charge of the conveyance for movement of goods where the value of the consignment exceeds Rs. 50,000 whether or not a supply. The e-way bill format contains the details of the sender, receiver and the transporter (if the seller is not the transporter).Value of consignment means the value of goods mentioned in the invoice/ bill of supply/ challan and shall include the taxes in the form of CGST/ SGST/ IGST. The value of goods excludes the value of any exempt goods billed together with taxable goods.The consignor or consignee should generate the e-way bill when the value of goods transported is more than Rs. 50,000 (each consignment or all consignments put together) in their own vehicle/railways/ airways/ ship. Where transport is by road, and the consignor/consignee does not generate the e-way bill as the case may be, the onus lies on the transporter/GTA to generate the e-way bill. The transporter/GTA has to generate an e-way bill based on the consignor’s Part-A/ invoice details.Mandatory cases in which an EWB-01 is to be generatede-Way Bill has to be generated even if the value of goods is below Rs.

TDS and TCS credit received is a facility available after logging in to the GST portal. It can be filed by all the taxpayers who are making specified sales on the e-commerce platforms and/or entered into any kind of works contract with Government departments. The form is mostly similar to GSTR-2A as it auto-populates details from GST returns like GSTR-7 and GSTR-8 together. Any GST portal user can click on ‘TDS and TCS credit received’ tile available on return dashboard after logging in. This can help them to claim or reject the credit of TDS and TCS deducted or collected by their corresponding Government deductor or e-commerce operator.Purpose of form ‘TDS and TCS credit received’ & who must file‘TDS/TCS credit received’ tile is provided for all taxpayers from whom tax has been deducted or collected at source by registered TDS deductors/TCS collectors respectively.

The government changed the procedure for the order of set-off of the same with effect from 29th March 2019. The new rules were laid down to reduce the balance lying under IGST credits to optimise the distribution between the Center and the state. However, if the mechanism is not understood and off-set is not optimised, then the businesses might end up with higher working capital requirements. Hence, it is important to understand the order of utilisation of input tax credit, how to optimise input tax credit, and the impact on business.Latest Updates1st February 2023 Budget 2023 updates*  1. Section 16 is amended to state that buyers who fail to pay their supplier the invoice value, including the GST amount, within 180 days from the date of issue of the invoice, must pay an amount equal to the ITC claimed along with interest under Section 50. 2.

E-way bill is an electronic waybill generated on the GST portal for the movement of goods. Any supplier/agent transporting goods where the consignment value is greater than Rs. 50,000, is required to generate and produce this e-way bill. It comprises of two parts and they are:Part A request for the details such as recipient GSTIN, place of delivery, invoice or challan number and date, HSN code, goods value, transport document number (Goods Receipt Number in the case of road transport) and reasons for transportation.Part B comprises of transporter details (Vehicle number and transporter ID). The part B containing transport detail is used to generate the e-way bill.Following are some of the important points to be noted for goods transported through road:Vehicle number should be provided along with the transporter ID in part BWhere the goods are transported by a supplier, then the supplier must provide details in Part-A required for generation of e-way bill to the transporter.Based on the information provided by the supplier, the transporter then generates the e-way bill by completing Part-B.If goods are transported in an own vehicle or a hired vehicle by a supplier then the supplier can himself fill in the Part-B information.Once the transporter provides the information about the transport or vehicle number etc, a unique e-way bill number or EBN can be obtained.If during the transit, the vehicle is changed then transporter will have to update details of conveyance in the e-way bill on the GST portal.Goods can be transported with just Part-A details only: a) If goods are transported for a distance of less than 50 km within the State from suppliers place to a transporter for delivery b) If goods are transported for a distance of less than 50 km from a supplier to a recipient.E-way bill generated on the GST portal is valid across all States and Union Territories.For a distance up to 100 km the E-way bill generated is valid for one day. For every 100 additional kms, the e-way bill will be valid for an additional day.If due to some unforeseen situations, the transport cannot be completed within the validity period then the transporter can generate a new e-way bill by updating transport details.

GST is a destination based tax, i.e., the goods/services will be taxed at the place where they are consumed and not at the origin. So, the state where they are consumed will have the right to collect GST.Therefore, place of supply is crucial under GST as all the provisions of GST revolve around it. Place of supply of goods under GST defines whether the transaction will be counted as intrastate or interstate, and accordingly, levy of SGST, CGST & IGST will be determined. Hence, it is recommended to cross-check the place of the supplier, using the GST search tool. Place of supply when there is movement of goodsSupply TypePlace of supplyInvolves movement of goods, whether by supplier, or buyer or by any other personLocation of the goods when the movement of goods terminates for delivery to the recipient.Goods are delivered by the seller to the buyer on the directions of a third party (whether or not an agent), before or during the movement of goods, by the way of transfer of title in goods or the documents or some other wayIt is assumed that the third person has received the goods and therefore, the place of supply of the goods will be the principal place of business of the third party.Example 1- Intra-state sales Mr. Raj of Mumbai, Maharashtra sells 10 TV sets to Mr. Vijay of Nagpur, Maharashtra The place of supply is Nagpur in Maharashtra.

A GST registration certificate is a valid document for proof of being registered under the GST law in India. Any business in India whose turnover exceeds the threshold limit for GST registration is required to get registered under GST.  There are also certain businesses that need to mandatorily register themselves under GST such as casual taxable persons, non-resident taxable persons, etc.Meaning of GST Registration Certificate and UsesEvery taxpayer who has successfully registered under GST is issued a GST registration certificate in Form GST REG-06. It contains the GST Identification Number (GSTIN), the principal and additional places of business. The registration certificate is available for downloading only on the GST Portal, and the government does not issue any physical certificate. The type of taxpayers includes regular, TDS and TCS applicants under GST, those who are liable to obtain unique Identity Number under Section 25(9) of the CGST Act, non-residents including those that are providing OIDAR services, and the taxpayers who migrated from the pre-GST laws. The certificate is signed or verified using EVC by the verifying tax officer before sending it to the taxpayer.The taxpayer is required to display this certificate at his primary place of business, as well as other additional places of business listed in the Form GST REG-06.