How to Prepare GSTR -9 Return

January 25, 2020

Comments Off

Required documents:-
Appointment Letter and Management Representation letter.
GSTR 3B Return, GSTR 1 Return (Along with Invoices), GST 2A (With Invoice) for 2 years.
Auto Drafted GSTR-9.
Auto Drafted GSTR-1 AND GST 3B for Whole financial year to verify Purpose.
Digital Signature, User Id and Password for the GST Taxpayer.

Non-GST Supply, Exempted, NIL Rated, Zero rated , SEZ Supplies –For GSTR 9-head. No. 5.
Business to Business Supplies, business to Customer Supplies (Unregistered), Deemed export, Zero rated, SEZ and Inward Supplies on which tax is paid-For GSTR-9-Head No. 4.
Advances on which tax is paid and invoices to be issued- For GSTR-9-Head No. 4.
Credit Notes /Debit Notes, Increase and Decrease in original Invoice-to Be Segregate according to point No.1 and Point no. 2 separately.
HSN Wise Summary for Outward Supplies.
Compare your sales with GSTR-3B Whole financial year and Audited/unaudited Financial Statements.

Notes:-

Nil to be Recheck with Column no. 8 , B2B and B2C Table for GSTR1 As well.
Under the Point No. 1 AND 2 –We can first segregate the Non-GST Supply, Exempted, NIL Rated, Zero rated,1%, 3%,5%, 12%,18% and 28% Sales separately to match easily.

Analyze ITC :-
Allocate Purchase- Matched credit and Unmatched credit with Books, eligible credit or ineligible of credit , Reverse charge or without Reverse charge, , credit on import of Goods or Services.
Allocate Such ITC- Allocate Such Match credit ,Unmatched Reverse Charge credit and Credit on import of Goods in to Credit on Inputs, Capital Goods and Input Services.
Figure out credit which need to claim- Unmatched Credit other than Import if not appearing in 2A,TRANS-1 and 2 Credit.

ITC Which has been claimed in 3B Next year upto the Allowed date.
Figure of ITC Reversed ,reclaimed During the year and Next year with allowed date.
ITC Reversed- Rule 37, 39,42, 43, Section 17(5), Trans-1 and Trans-2.
HSN Wise Summary of Inward Supplies.

Post Views: 733