GST

T H E

INSIDER
NOVEMBER 24 EDITION
(GSTR -9 & GSTR -9C EDITION)

CA. SAMARPIT SHARMA

 PREFACE

Welcome to our latest issue of "The GST

Insider" meticulously compiled by CA Samarpit
Sharma. As we navigate through the ever-
evolving landscape of the Goods and Services
Tax (GST), our aim is to bring you the most
recent and pertinent updates, including circulars,
notifications, press releases, relevant case laws,
advance rulings, and other essential documents.
This Newsletter is designed to serve as a
comprehensive resource for enhancing your
understanding of GST regulations. Each edition is
carefully structured to present complex legal
content in an accessible and engaging format.
Through the use of explanatory visuals and
simplified explanations, we strive to make the CA. SAMARPIT
material not only easier to comprehend but also
more interesting to read. SHARMA
It is important to note that the information author
provided herein is intended solely for knowledge
sharing purposes and should not be utilized as a
basis for any form of professional advice. For
specific GST-related advice, we recommend
consulting with qualified experts.
By integrating visual aids and reformulating the
legal text into reader-friendly formats, we hope Embrace the
to enrich your learning experience and keep you challenge, for it is
updated on significant GST developments. Enjoy
the read, and may it spark both your interest and
the path to your
understanding of GST. greatest growth.
Thank you for trusting "The GST Insider" as your
go-to source for GST updates. We hope you find
this edition both informative and easy to
comprehend.

Thank You!
20
24 NOVEMBER
SUN MON TUE WED THU FRI SAT

1 2

3 4 5 6 7 8 9

GSTR 7 GSTR 1 GSTR 1 /IFF

(OCT 2024) (OCT 2024) 12 (OCT 2024) 14 15 16
GSTR 8
(OCT 2024)

GSTR 3B
17 18 19 (OCT 2024) 21 22 23
GSTR 5A
(OCT 2024)

GSTR 11
24 25 26 27 (OCT 2024) 29 30
LAST DATE TO CLAIM
ITC FOR 2023-24
HIGHLIGHTS
GSTR - 9
According to Notification No. 14/2024 - Central Tax dated 10th July 2024:
Filing FORM GSTR-9 as an Annual Compliance is optional for taxpayers with an
aggregate turnover of less than ₹2 crore (excluding OIDAR). However, if the aggregate
turnover exceeds ₹2 crore, filing FORM GSTR-9 becomes mandatory (again, excluding
OIDAR). Before submitting FORM GSTR-9, it is essential to submit all FORM GSTR-1 and
FORM GSTR-3B filings for the financial year in question. For the 2023-24 filing period, this
means that all FORM GSTR-1 and FORM GSTR-3B returns up to March 2024 must be filed
prior to submitting FORM GSTR-9.
Only values specific to the current financial year should be reported in Tables 4, 5,
6, and 7. Any figures related to prior financial years should not be included.
If a taxpayer has any undeclared tax liability for the year, it can be disclosed and paid
via FORM GST DRC-03. However, any unclaimed Input Tax Credit (ITC) for the year can
only be claimed using FORM GSTR-3B till 30th November.

OPTIONAL TABLES FOR FORM GSTR-9

NOTE: IN THE TABLE, "O" MEANS OPTIONAL, AND "C" MEANS COMPULSORY.

Table
FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 23-24
No.

4I TO 4L O O O O O C C

5D TO 5F O O O O O C C

5H TO 5K O O O C C C C

6B TO 6E O O O O O C C

6C TO
O O O O C C C
6D

6E O O O O C C C

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HIGHLIGHTS
7A TO
O O O O C C C
7H

8A, 8B
O O O O C C C
AND 8D

12 O O O O C C O

13 O O O O O O O

15 O O O O O O O

16 O O O O O O O

17 O O O O O O O

18 O O O O O O O

ALL
C C C C C C C
OTHERS

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HIGHLIGHTS
GSTR - 9C
Filing FORM GSTR-9C as an Annual Compliance is optional for taxpayers with an
aggregate turnover of less than ₹5 crore (excluding OIDAR). However, if the aggregate
turnover exceeds ₹5 crore, filing FORM GSTR-9C becomes mandatory (again,
excluding OIDAR). Before submitting FORM GSTR-9C, it is essential to submit all FORM
GSTR-1 and FORM GSTR-3B filings for the financial year in question. For the 2023-24 filing
period, this means that all FORM GSTR-1 and FORM GSTR-3B returns up to March 2024
must be filed prior to submitting FORM GSTR-9C.

OPTIONAL TABLES FOR FORM GSTR-9C

NOTE: IN THE TABLE, "O" MEANS OPTIONAL, AND "C" MEANS COMPULSORY.

Table
FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22 FY 22-23 FY 23-24
No.

5B TO 5N O O O C C C C

12B AND
O O O C C C C
12C

14 O O O O C C C

ALL
C C C C C C C
OTHERS

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 Gstr - 9
HIGHLIGHTS

CA. SAMARPIT SHARMA

 DECODING FORM GSTR-9 AND GSTR-9C: A COMPREHENSIVE GUIDE
TO ANNUAL GST COMPLIANCE

Table 4: Details of Advances, Inward, and Outward Supplies Made

During the Financial Year on Which Tax is Payable
Table 4 in Form GSTR-9 is designed to capture all supplies on which GST is payable
during the financial year. This includes both advances and inward and outward
supplies. Only those supplies where tax is paid on either a Forward Charge Basis (FCM)
or a Reverse Charge Basis (RCM) are to be reported here.

Table 4A: Supplies Made to Unregistered Persons (B2C)

This table covers supplies made to unregistered persons (those without a GSTIN or UIN),
commonly known as B2C supplies. It includes all sales to consumers or individuals who do
not possess a GST registration. The aggregate value declared here should reflect the net
amount, taking into account any credit notes or debit notes issued. Supplies made through
E-Commerce Operators (ECO) are also included. The formula for calculating the value to be
declared is Total Invoice + Debit Note - Credit Note. Data for this section can be
referenced from Table 5, Table 7, and Table 9A and Table 10 of FORM GSTR-1.

Table 4B: Supplies Made to Registered Persons (B2B)

This section records supplies made to registered persons (those with a GSTIN), also
known as B2B supplies. It includes sales to entities with UINs and captures supplies routed
through E-Commerce Operators. However, supplies on which tax is payable by the
recipient under reverse charge are excluded from this section. Any debit notes (DN)
or credit notes (CN) associated with these supplies should be reported separately in Table 4J
and Table 4I, respectively.

Table 4C: Zero-Rated Supply (Export) on Payment of Tax (Except Supplies

to SEZs)
This table focuses on zero-rated exports (excluding supplies made to SEZs) where tax
has been paid. The reported value should only include exports on which tax has been
paid and is calculated as Total Exports - Supplies made to SEZs. For filling out this
section, data can be obtained from Table 6A of FORM GSTR-1.

Table 4D: Supply to SEZs on Payment of Tax

This section covers the aggregate value of supplies made to Special Economic Zones
(SEZs) on which tax has been paid. Only SEZ supplies where tax has been paid should be
reported here. The relevant data for this section is available in Table 6B of FORM GSTR-1.
relevant data is available in Table 6A of FORM GSTR-1.

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Table 4E: Deemed Exports

This table is for reporting deemed exports—supplies where tax has been paid but the
goods do not leave the country. Such supplies are treated as exports under GST law. The
data required for filling this section can be taken from Table 6C of FORM GSTR-1.

Table 4F: Advances on Which Tax Has Been Paid but Invoice Has Not Been
Issued
This section captures unadjusted advances received during the year on which tax has
been paid, but invoices have not yet been issued. This scenario is typically applicable to
services, as GST on goods is payable only when invoicing occurs. This ensures that all
advances on which GST was paid in the year are recorded even if billing has yet to occur.
The relevant data for this section can be referenced from Table 11A of FORM GSTR-1.

Table 4G: Inward Supplies on Which Tax is to Be Paid on Reverse Charge

Basis
This table includes inward supplies on which tax is payable under the reverse charge
mechanism. This includes all supplies on which tax is paid by the recipient (the taxpayer
filing GSTR-9) rather than the supplier. It covers both domestic transactions (such as
services from unregistered suppliers) and imports of services. This also includes all
imports of services on which GST is paid.

Table 4G1: Supplies on Which E-Commerce Operator is Required to Pay Tax

as per Section 9(5)
This new section reports supplies for which tax is paid by e-commerce operators under
section 9(5) of the CGST Act. For such supplies, e-commerce operators are responsible for
collecting and depositing the tax. The data for this section can be obtained from Table
3.1(d) of FORM GSTR-3B.

Table 4H: Sub-total (TABLE 4A to TABLE 4G1 above)

This section presents the subtotal of all supplies reported in Tables 4A through
4G1, providing a consolidated figure of taxable supplies and advances.

Table 4I: Credit Notes Issued in Respect of Transactions Specified in (B) to

(E) Above (-)
This section captures credit notes issued for transactions specified in B2B supplies
(4B), exports (4C), supplies to SEZs (4D), and deemed exports (4E). These credit
notes reduce the total taxable value. The relevant data for this section is sourced from
Table 9B of FORM GSTR-1.

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Table 4J: Debit Notes Issued in Respect of Transactions Specified in (B) to

(E) Above (+)
This table reports debit notes issued in respect of transactions recorded in B2B supplies
(4B), exports (4C), supplies to SEZs (4D), and deemed exports (4E). These debit
notes increase the taxable value. Data for this section is also available in Table 9B of FORM
GSTR-1.

Table 4K: Supplies/Tax DECLARED through Amendments (+)

This section includes amendments made to B2B supplies (4B), exports (4C), supplies
to SEZs (4D), deemed exports (4E), and credit/debit notes. This reflects any increase
in taxable value due to amendments. The data for this section can be found in Table 9A
and Table 9C of FORM GSTR-1.

Table 4L: Supplies/Tax REDUCED through Amendments (-)

This section captures reductions in supply value or tax rate resulting from
amendments. It accounts for any decrease in liability previously declared in FORM GSTR-1.
It includes reductions to B2B supplies (4B), exports (4C), supplies to SEZs (4D), and
deemed exports (4E), along with credit/debit notes.

Table 4M: Sub-total (TABLE 4H to TABLE 4L above)

This subtotal represents the net amount after adjustments from Tables 4H through
4L.

Table 4N: Supplies and Advances on Which Tax is to Be Paid

This table shows the gross liability for the financial year. It includes the total taxable
supplies and advances on which tax is to be paid, covering both RCM and FCM
liabilities.

Table 5: Details of Outward Supplies Made During the Financial Year

on Which Tax is Not Payable
Table 5A: Zero-Rated Supply (Export) Without Payment of Tax
This section covers exports (excluding supplies to SEZs) where no tax has been paid.
The relevant data is available in Table 6A of FORM GSTR-1.

Table 5B: Supply to SEZs Without Payment of Tax

This section includes supplies to SEZs on which tax has not been paid. The data can
be obtained from Table 6B of FORM GSTR-1.

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Table 5C: Supplies on Which Tax is to Be Paid by the Recipient on Reverse

Charge Basis
This table captures supplies made to registered persons where tax is payable by the
recipient under reverse charge. Debit and credit notes should be recorded separately in
Table 5H and Table 5I. The data can be sourced from Table 4B and 9B of FORM GSTR-
1.

Table 5D: Exempted

This section records exempted supplies. For FY 2023-24, Non-GST supplies (5F) are
reported separately, with an option to consolidate exempted and nil-rated
supplies. The data for this section is in Table 8 of FORM GSTR-1.

Table 5E: Nil Rated

This table captures nil-rated supplies. For FY 2023-24, Non-GST supplies (5F) are reported
separately, with an option to consolidate exempted and nil-rated supplies. The relevant data
is available in Table 8 of FORM GSTR-1.

Table 5F: Non-GST Supply (Includes ‘No Supply’)

This section records non-GST supplies, including “no supply” transactions. For FY 2023-
24, Non-GST supplies are reported separately. Data for this section can be obtained from
Table 8 of FORM GSTR-1.

Table 5G: Sub-total (Table 5A to Table 5F above)

This subtotal consolidates the values from Tables 5A through 5F.

Table 5H: Credit Notes Issued in Respect of Transactions Specified in A to F

Above (-)
This section captures credit notes for supplies declared in 5A through 5F. The relevant
data can be sourced from Table 9B of FORM GSTR-1.

Table 5I: Debit Notes Issued in Respect of Transactions Specified in A to F

Above (+)
This section includes debit notes issued for supplies in 5A through 5F. The data can be
obtained from Table 9B of FORM GSTR-1.

Table 5J: Supplies Declared through Amendments (+)

This table records amendments for exports and SEZ supplies where tax is not paid. The
relevant data is available in Table 9A and Table 9C of FORM GSTR-1.

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Table 5K: Supplies Reduced through Amendments (-)

This section captures reductions due to amendments for exports and SEZ supplies
without tax payment. Data can be referenced from Table 9A and Table 9C of FORM
GSTR-1.

Table 5L: Sub-Total (Table 5H to Table 5K above)

This subtotal represents the net amount from Tables 5H through 5K.

Table 5M: Total Turnover (Including Advances)

The Total Taxable Turnover is calculated as Table 4N (taxable supplies and
advances) plus Table 5M (turnover not liable to tax), minus Tables 4G and 4G1
(reverse charge inward supplies and e-commerce).

Tables Related to Input Tax Credit (ITC)

For ITC Tables, a systematic approach is advised: (1) Prepare data as per FORM GSTR-3B,
(2) Compare with Books of Accounts, and (3) Reconcile differences.

Table 6: Details of ITC Availed During the Financial Year

Table 6A: Total Amount of ITC Availed Through FORM GSTR-3B
The total ITC availed in Table 4A of FORM GSTR-3B is auto-populated here.

Table 6B: Inward Supplies (Excluding Reverse Charge but Including SEZ
Services)
This section captures ITC on inward supplies, excluding those on reverse charge, but
includes services from SEZs. The ITC is classified into inputs, capital goods, and input
services.

Table 6C: Inward Supplies from Unregistered Persons Liable to Reverse

Charge
This table includes ITC on inward supplies from unregistered persons (excluding
imported services) on which tax is paid on a reverse charge basis. The ITC is
categorized as inputs, capital goods, and input services.

Table 6D: Inward Supplies from Registered Persons Liable to Reverse

Charge
This section captures ITC on inward supplies from registered persons where tax is
paid under reverse charge. The ITC is similarly categorized as inputs, capital goods, and
input services.

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Table 6E: Import of Goods (Including Supplies from SEZs)

This section requires reporting of input tax credit (ITC) availed on the import of goods,
including supplies from Special Economic Zones (SEZs). The ITC is classified as either
inputs or capital goods. For FY 2019-20 onwards, reporting the breakup of ITC as capital
goods is mandatory.

Table 6F: Import of Services (Excluding Inward Supplies from SEZs)

This section captures ITC availed on import of services (excluding inward supplies from
SEZs). It focuses specifically on services imported during the financial year, ensuring all
foreign service-related ITC is reported.

Table 6G: Input Tax Credit Received from ISD

Here, the aggregate value of ITC received from the Input Service Distributor (ISD)
is to be declared. This includes ITC distributed by the ISD to the taxpayer for services
received.

Table 6H: Amount of ITC Reclaimed (Other than B Above) Under the
Provisions of the Act
This section records the ITC that was availed, reversed, and reclaimed under the
provisions of the GST Act. It captures ITC adjustments made under specific conditions laid
out in the law.

Table 6I: Sub-total of Tables 6B to 6H

This represents the sum total of ITC availed as per FORM GSTR-3B, excluding any
reversed ITC declared in rows 6B to 6H.

Table 6J: Difference (I - A Above)

This displays the difference between the total ITC availed in FORM GSTR-3B and the
amount declared in rows 6B to 6H. Ideally, this amount should be zero, as
discrepancies would indicate mismatches in ITC claims.

Table 6K: Transition Credit Through TRAN-I (Including Revisions If Any)

This section captures transition credit availed in the electronic credit ledger after
filing FORM GST TRAN-I. Any revisions (either upward or downward) are also reported
here.

Table 6L: Transition Credit Through TRAN-II

Details of transition credit received in the electronic credit ledger after the filing of
FORM GST TRAN-II are recorded here.

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Table 6M: Any Other ITC Availed But Not Specified Above
Any ITC that doesn’t fall under the categories in 6B to 6L should be declared in this
section, capturing miscellaneous ITC availed during the financial year.

Table 6N: Sub-total of Tables 6K to 6M

This represents the subtotal of the transition credits and other miscellaneous ITC availed,
consolidating information from Tables 6K to 6M.

Table 6O: Total ITC Availed (Table 6I + Table 6N)

The total ITC availed for the financial year is calculated as the sum of Table 6I and Table
6N, representing the complete ITC picture for the year.

Table 7: Details of ITC Reversed and Ineligible ITC for the Financial
Year
Table 7 provides a summary of ITC that was reversed due to ineligibility or as
required by various GST rules and sections. Each subsection specifies a rule or section
under which ITC reversals are to be recorded:
Table 7A: As per Rule 37 – Captures ITC reversed due to non-payment to
suppliers within the stipulated time under Rule 37.
Table 7B: As per Rule 39 – Records ITC reversals as required by Rule 39.
Table 7C: As per Rule 42 – Declares ITC reversed on account of common credit for
taxable and exempt supplies.
Table 7D: As per Rule 43 – Covers ITC reversals for capital goods used for
both taxable and exempt supplies.
Table 7E: As per Section 17(5) – Records ITC reversals under Section 17(5) for items
ineligible for credit.
Table 7F: Reversal of TRAN-1 Credit - This section captures reversals of TRAN-
1 credit that was previously claimed but later reversed.
Table 7G: Reversal of TRAN-II Credit - Records the reversal of TRAN-II credit
that was initially claimed in the electronic credit ledger.
Table 7H: Other Reversals (Please Specify) - This section is for any other ITC
reversals not covered by the rules and sections above, including reversals made
under FORM ITC-03.

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Table 8: Other ITC Related Information

Table 8 provides additional details on ITC, particularly comparing ITC claimed by the
taxpayer with ITC reported by suppliers in FORM GSTR-2A. This ensures that ITC claims
align with supplier data.

Table 8A: ITC as per GSTR-2A (Table 3 & 5)

This is an auto-populated figure based on suppliers' declarations in GSTR-2A. It
includes details of outward taxable supplies (other than imports and inward supplies liable to
reverse charge), as well as supplies from SEZs and e-commerce operators.

Table 8B: ITC as per Sum Total of 6(B) and 6(H)

The total ITC declared in Tables 6B and 6H is auto-populated here, reflecting ITC
claimed on inward supplies.

Table 8C: ITC on Inward Supplies Liable to Reverse Charge

This section records ITC on all inward supplies liable to reverse charge (excluding
inward supplies from SEZs), capturing ITC that was availed in the current or next
financial year.

Table 8D: Difference [A-B+C]

The difference between GROSS ITC, ITC on reverse charge, and ITC claimed in the
current financial year is displayed here. This difference highlights any variance between
ITC reported by suppliers and ITC claimed by the taxpayer.

Tables 8E and 8F: ITC Available But Not Availed / ITC Available But
Ineligible
Table 8E records ITC that was available but not claimed in FORM GSTR-3B, while Table
8F captures ITC that was available but ineligible. Ideally, if Table 8D is positive, the sum
of Tables 8E and 8F should equal 8D.

Table 8G: IGST Paid on Import of Goods (Including Supplies from SEZ)
This section captures the aggregate value of IGST paid on imports, including those from
SEZs, during the financial year.

Table 8H: IGST Credit Availed on Import of Goods (As per 6E Above)
The IGST credit on imported goods, as declared in Table 6E, is auto-populated here,
ensuring consistency with other sections.

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Table 8I: Difference of Table 8G - Table 8H

This calculates the difference between IGST paid on imports and IGST credit availed,
highlighting any unclaimed IGST on imports.

Table 8J: Total ITC to be Lapsed in the Current Financial Year

This section computes ITC that is no longer eligible for credit and will lapse within
the financial year. It is calculated as the sum of Tables 8E, 8F, and 8I.

Table 8K : The Total ITC to be Lapsed in the Current Financial Year.

This amount is computed by adding up the ITC that is no longer eligible for credit in the
financial year. Specifically, it includes ITC available but not availed (as reported in
Table 8E), ITC available but ineligible (as noted in Table 8F), and ITC on imports
that was available but not availed (as reflected in Table 8I). This calculation provides
a consolidated total of the ITC that will lapse for the current financial year.

Tables Other than Outward and Inward Supply Tables

Table 9: Details of Tax Already Paid and Declared in Returns Filed During the
Financial Year
Table 9 captures the tax already paid by the registered person throughout the
financial year. This table is auto-populated with details of payments made from FORM
GSTR-3B. However, it is important to note that only payments made directly through GSTR-
3B will appear here. Any payments made through FORM GST DRC-03 (such as payments
for demands, additional tax liabilities, or other penalties) will not be auto-
populated in this table. This table ensures a consolidated view of tax liabilities settled
within the regular filing process of GSTR-3B. Relevant Tables of FORM GSTR-3B to Use - For
accurate reporting, Table 6.1 of FORM GSTR-3B can be referred to when filling out these
details.

Table 10 to Table 13: Particulars of Transactions for the Financial Year

Declared in Returns of the Next Financial Year till the Specified Period
These tables, Table 10 through Table 13, address transactions and adjustments made
in the current financial year but declared or adjusted in the subsequent financial
year until a specified period. These entries help ensure that any modifications,
corrections, or additional disclosures that impact the previous financial year are captured in
a structured manner.

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Table 10: Supplies/Tax Declared Through Amendments (+) (Net of Debit

Notes)
Table 10 focuses on additions or amendments to any supplies or tax declared in the
returns of the previous financial year. It captures any increases in supplies or tax
amounts that have been subsequently adjusted. For example, if additional sales or taxable
services were identified or modified after the financial year closed, these adjustments would
be recorded here. Specifically, for FY 2023-24, any adjustments or additions made
through Table 9A, Table 9B, and Table 9C of FORM GSTR-1 during the period from
April 2024 to October 2024 (or by 30th November 2024) are to be included in this
table. This ensures that any post-year-end adjustments increasing the taxpayer's liability
are accounted for in the annual return.
Important Guidelines:
If supplies for FY 2023-24 are not declared in FORM GSTR-1/3B during April 2023
to March 2024 but are disclosed from April 2024 to November 2024, they must be
included here. If they are not disclosed by 30th November 2024, they should be
reported only in Table 4 of the following year’s return, with no adjustments in
Table 10.

Table 11: Supplies/Tax Reduced Through Amendments (-) (Net of Credit

Notes)
Table 11 captures reductions in supplies or tax amounts due to amendments in the
previous financial year’s returns. This table is crucial for reporting any decreases in
taxable amounts or liabilities, such as credits for returned goods, service cancellations,
or over-reported sales. For FY 2023-24, amendments that reduce taxable supplies or tax,
made via Table 9A, Table 9B, and Table 9C of FORM GSTR-1, filed between April 2024 and
October 2024 (or by 30th November 2024), are declared here.
Important Guidelines:
If supplies for FY 2023-24 are not reported in FORM GSTR-1/3B from April 2023 to
March 2024 and are later adjusted from April to November 2024, they should be
recorded here. If not disclosed by 30th November 2024, they should only be
reflected in Table 4 of the next annual return, with no adjustments in Table 11.

Common Point for Table 12 and Table 13

In practice, many taxpayers may attempt to offset entries in the books by presenting only
the net figure in Tables 12 and 13. However, this is not the recommended approach, as it
may obscure important details. Instead, the gross figures for both reversals and

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additions should be declared separately in each table for clear and

comprehensive reporting.

Table 12: Reversal of ITC Availed During the Previous Financial Year
Table 12 reports the details of input tax credit (ITC) that were reversed in FORM GSTR-3B
due to adjustments or amendments made in the subsequent financial year. This
table is used to capture reversals of ITC initially claimed but subsequently deemed ineligible
or adjusted. For FY 2023-24, all ITC reversals recorded between April 2024 and
October 2024 (or up to 30th November 2024) should be included.

Table 13: ITC Availed for the Previous Financial Year

Table 13 captures ITC availed for goods or services received in the previous financial
year but claimed in the returns filed in the subsequent financial year. For example, if
ITC was availed for purchases made in FY 2023-24 but was claimed only between
April 2024 and November 2024, it should be recorded here. Additionally, if any ITC
was initially reversed in FY 2023-24 as per Section 16(2) but later reclaimed in the
following year, it must be disclosed separately.

Table 14: Differential Tax Paid on Account of Declaration in Tables 10 & 11

Above
Table 14 is designated for recording any additional taxes paid by the taxpayer due to
adjustments declared in Table 10 (additions) and Table 11 (reductions). This
ensures that any tax differences arising from amendments to supplies or liabilities are
reported separately. By documenting these amounts, the taxpayer provides a clear record of
adjustments made to align with the updated tax position based on the declarations in Tables
10 and 11.

Table 15: Particulars of Demands and Refunds

Table 15 provides a comprehensive view of the demands and refunds filed or issued
during the financial year.
Table 15A: Total Refund Claimed - This section captures the aggregate value of all
refund claims filed during the financial year, including claims that are pending or in
processing stages.
Table 15B: Total Refund Sanctioned - The total value of refund claims sanctioned by
the authorities is reported here, providing a clear picture of refunds approved during the
year.
Table 15C: Total Refund Rejected - This includes the aggregate value of refund
claims rejected by authorities, offering transparency regarding denied claims.

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Table 15D: Total Refund Pending - This section records refund applications acknowledged
but still pending processing. This can include provisional refunds not yet finalized.
Table 15E to 15G: Demand of Taxes and Payment of Taxes - These sections capture
the aggregate value of tax demands confirmed by the adjudicating authority, the amounts
paid against such demands, and any outstanding amounts pending recovery.

Table 16: Information on Supplies Received from Composition Taxpayers,

Deemed Supply under Section 143, and Goods Sent on Approval Basis
Table 16 provides an overview of various supplies and deemed transactions that impact the
taxpayer’s input records.
Table 16A: Supplies Received from Composition Taxpayers - This records the
aggregate value of supplies received from composition taxpayers, who are registered under
a simplified tax regime.
Table 16B: Deemed Supply under Section 143 - This captures the aggregate value of
deemed supplies sent by the principal to the job-worker under Section 143(3) and Section
143(4) of the CGST Act.
Table 16C: Goods Sent on Approval Basis but Not Returned - This includes the
aggregate value of deemed supplies for goods sent on approval but not returned within the
required 180 days.

Table 17: HSN-Wise Summary of Outward Supplies

Table 17 requires a summary of supplies against each HSN code. This is optional for
taxpayers with an annual turnover up to ₹1.5 crore. For those with higher turnover, HSN
reporting requirements vary:
Two-digit HSN for turnover between ₹1.5 crore and ₹5 crore.
Four-digit HSN for turnover above ₹5 crore.

Table 18: HSN-Wise Summary of Inward Supplies

Table 18 provides a summary of inward supplies by HSN code. It is optional for annual
turnover up to ₹1.5 crore. For higher turnover:
Two-digit HSN for turnover between ₹1.5 crore and ₹5 crore.
Four-digit HSN for turnover above ₹5 crore.

Table 19: Late Fee Payable and Paid

Table 19 records late fees for delayed filing of the annual return. If the annual return
was filed late, the taxpayer must report any late fees payable and the amount paid to ensure
compliance.

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HIGHLIGHTS

CA. SAMARPIT SHARMA

 DECODING FORM GSTR-9 AND GSTR-9C: A COMPREHENSIVE GUIDE
TO ANNUAL GST COMPLIANCE

Table 5: Reconciliation of Gross Turnover

Overview: Table 5 provides a comprehensive reconciliation between the turnover
reported in the audited financial statements and the turnover declared in the
Annual Return (GSTR-9). Each section within Table 5 addresses specific adjustments to
capture accurate turnover information for GST compliance.

Table 5A: Turnover as per Audited Financial Statements

In this section, declare the turnover as per the audited financial statements. For
entities with multiple GSTINs under one PAN, turnover must be allocated to each GSTIN
based on State-specific books of accounts, including any export turnover. For businesses
with multi-state registrations, each State’s turnover should be reported separately.

Table 5B: Unbilled Revenue at the Start of the Financial Year

Report any revenue that was recorded in the previous financial year but billed in the
current year, as per accrual accounting practices. This includes revenue on which GST
becomes payable in the current year.

Table 5C: Unadjusted Advances at Year-End

Declare the value of advances where GST has been paid but revenue has not yet been
recognized in the financial statements. This applies when billing is pending, despite
GST payment on these advances.

Table 5D: Deemed Supply under Schedule I

Under Schedule I of the CGST Act, certain transactions are deemed as supplies even
without consideration, such as supplies between branches or units. The value of
these deemed supplies should be reported here unless they are already included in the
turnover in Table 5A.

Table 5E: Credit Notes Issued Post-Year-End but Included in Annual Return
Include credit notes issued after the financial year for transactions that took place
during that year, provided they are reflected in the annual return (GSTR-9).

Table 5F: Trade Discounts Recorded but Not Allowed Under GST
Report trade discounts that are recorded in the financial statements but disallowed
under GST rules. These are discounts that do not meet the conditions for deduction under
GST. Non-permissible discounts should be included here.

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 DECODING FORM GSTR-9 AND GSTR-9C: A COMPREHENSIVE GUIDE
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Table 5G: Turnover from April 2017 to June 2017

Report the turnover for the pre-GST period from April to June 2017 as included in the
audited financial statements. This section is only relevant for earlier financial years and is
not applicable to the 2023-24 period.

Table 5H: Unbilled Revenue at the End of the Financial Year

This section is for revenue that is recorded in the books at the end of the financial year but
on which GST liability does not arise until the next financial year. Revenue accrued but billed
later should be reported here for transparency in the reconciliation process.

Table 5I: Unadjusted Advances at the Start of the Financial Year

Report any advances recognized as revenue at the start of the financial year but for which
GST has not been paid. This applies to cases where the advance has been treated as income
in the financial statements, but GST liability is pending.

Table 5J: Credit Notes Recorded but Not Allowed Under GST
Include credit notes that are accounted for in the financial statements but not permissible as
reductions under GST. This section is for credit notes that do not meet GST’s requirements
for deduction and should thus be disclosed separately.

Table 5K: Adjustments for SEZ-to-DTA Supplies

Declare the value of supplies from SEZ units to DTA units, where a bill of entry has been
filed by the DTA unit. This ensures that transactions between SEZ and DTA units are
properly accounted for in the turnover reconciliation.

Table 5L: Turnover from the Composition Scheme Period

If a business transitioned from the composition scheme to the regular GST scheme during
the financial year, report the turnover for which GST was paid under the composition
scheme. This section helps to accurately reflect turnover related to different tax regimes
within the same year.

Table 5M: Adjustments for Valuation Differences (Section 15)

Report any differences between the taxable value and the invoice value due to GST valuation
rules under Section 15. If valuation methods result in discrepancies between the turnover in
the Annual Return and audited financial statements, they should be disclosed here.

Table 5N: Adjustments Due to Foreign Exchange Fluctuations

Capture any differences in turnover arising from foreign exchange fluctuations. This is
particularly relevant for businesses engaged in cross-border transactions where exchange

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 DECODING FORM GSTR-9 AND GSTR-9C: A COMPREHENSIVE GUIDE
TO ANNUAL GST COMPLIANCE

rate changes affect turnover reporting between the Annual Return and audited
financial statements.

Table 5O: Other Adjustments Not Listed

Report any remaining differences between turnover in the Annual Return and audited
financial statements due to unique or miscellaneous reasons not covered by the previous
sections.

Table 5P: Adjusted Annual Turnover

This field reflects the final adjusted turnover on which GST is payable, after considering all
prior adjustments.

Table 5Q: Annual Turnover as per Annual Return (GSTR-9)

Declare the annual turnover as per the GSTR-9 Annual Return, derived from entries within
the return.

Table 5R: Un-Reconciled Turnover (Difference between Q and P)

This section shows the remaining un-reconciled turnover, calculated as the difference
between the adjusted turnover (Table 5P) and the turnover declared in the Annual Return
(Table 5Q). This highlights any discrepancies between the two values for final verification.

Table 6: Reasons for Un-Reconciled Difference in Annual Gross

Turnover
Table 6 is designated for explaining any discrepancies between the annual turnover
reported in the audited financial statements and the turnover declared in the
GSTR-9 Annual Return. Any reasons for these non-reconciliations should be clearly
specified here, providing transparency and clarity on the differences.

Table 7: Reconciliation of Taxable Turnover

Table 7 facilitates the reconciliation of taxable turnover between the audited financial
statements and the adjusted figures reported in the GSTR-9 Annual Return. This table
ensures accuracy by capturing any differences, documenting adjustments, and providing a
clear explanation for any un-reconciled amounts. It supports transparency in reporting and
helps verify that the declared turnover aligns with the audited financials.

Table 7A: Annual Turnover after Adjustments

This field auto-populates the annual turnover after adjustments from Table 5P,
providing the baseline figure for reconciling taxable turnover.

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 DECODING FORM GSTR-9 AND GSTR-9C: A COMPREHENSIVE GUIDE
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Table 7B: Value of Exempted, Nil-Rated, Non-GST, and No-Supply Turnover

This section records the value of exempt, nil-rated, non-GST, and no-supply turnover.
These values are reported net of credit notes, debit notes, and any amendments, if
applicable.

Table 7C: Zero-Rated Supplies without Tax Payment

Here, the value of zero-rated supplies such as exports or supplies to SEZs, on which
no tax was paid, is recorded. These values should also be net of any credit notes, debit
notes, and amendments.

Table 7D: Supplies on Which Tax is Paid by Recipient (Reverse Charge)

This section includes supplies subject to reverse charge, where the tax is paid by the
recipient. The reported values should exclude credit notes, debit notes, and amendments, if
any.

Table 7E: Taxable Turnover After Adjustments (A-B-C-D)

This field reflects the net taxable turnover, derived by subtracting the exempt, nil-
rated, non-GST, and reverse charge supplies (captured in Tables 7B, 7C, and 7D) from
the adjusted annual turnover in Table 7A.

Table 7F: Taxable Turnover as Declared in Annual Return (GSTR9)

This section captures the taxable turnover as declared in the GSTR-9 Annual Return,
consolidating data from Tables 4N to 4G and Tables 10 and 11.

Table 7G: Un-Reconciled Taxable Turnover (Difference between F and E)

This field calculates any discrepancies by finding the difference between the adjusted
taxable turnover (Table 7E) and the declared taxable turnover (Table 7F). Any un-
reconciled amount is highlighted for review and further explanation.

Table 8: Reasons for Un-Reconciled Difference in Taxable Turnover

Table 8 is intended to capture and explain any discrepancies between the adjusted taxable
turnover (from Table 7E) and the taxable turnover reported in Table 7F. This section allows
for detailed documentation of reasons behind any un-reconciled amounts, enhancing
transparency and accuracy in the financial reconciliation process.

Table 9: Reconciliation of Tax Paid

Table 9 reconciles the amount of tax paid, as recorded in the reconciliation statement, with
the tax declared in the GSTR-9 Annual Return. This table ensures consistency between the
actual tax payments and the figures reported in the annual return, contributing to accuracy

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 DECODING FORM GSTR-9 AND GSTR-9C: A COMPREHENSIVE GUIDE
TO ANNUAL GST COMPLIANCE

and transparency in tax reporting.

Under "RCM" (Reverse Charge Mechanism), this section captures supplies where tax was
paid by the recipient, not the supplier. It requires documentation of any tax paid under RCM
by the individual preparing the reconciliation statement.
Table 9A to Table 9Q:
Total amount to be paid as per tables above: Provides the calculated tax amount that
should be paid, derived from the reconciled turnover.
Total amount paid as declared in Annual Return (GSTR9): This reflects the total tax
amount reported in Table 9 of the Annual Return (GSTR-9) and includes any
differential tax amounts reported in Tables 10 or 11.
Table 9R: Captures any un-reconciled payment of amounts that require additional
clarification or verification.

Table 10: Reasons for Un-Reconciled Payment of Amount

Table 10 specifies the reasons for discrepancies between the tax payable or liability listed
in Table 9P and the actual tax paid reported in Table 9Q. This section allows for detailed
explanations of any variances, ensuring transparency and supporting compliance.

Table 11: Additional Amount Payable but Not Paid

Table 11 records any unpaid amounts resulting from discrepancies identified in
Tables 6, 8, and 10. This table highlights outstanding liabilities that require attention,
ensuring that any unpaid obligations are documented and addressed appropriately.

Table 12: Reconciliation of Net Input Tax Credit (ITC)

Table 12 provides a detailed reconciliation of Input Tax Credit (ITC) as availed in the
audited Annual Financial Statement and as declared in the GSTR-9 Annual Return.
This ensures transparency and consistency between the audited financial records and the
figures reported in the annual return.

Table 12A: ITC as per Audited Annual Financial Statement

This section captures the ITC availed (after necessary reversals) according to the
audited Annual Financial Statement. This amount is recorded here to provide a clear
understanding of the ITC legitimately claimed based on the financial audit.
For cases with multiple GSTINs due to state-wise registrations under a single PAN, entities
must allocate ITC separately for each state. In single-state registrations, the total ITC is
declared against that specific GSTIN, while for multi-state registrations, ITC for each GSTIN
is disclosed individually.

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 DECODING FORM GSTR-9 AND GSTR-9C: A COMPREHENSIVE GUIDE
TO ANNUAL GST COMPLIANCE

Table 12B: ITC Booked in Earlier Financial Years and Claimed in Current
Financial Year
This section records any ITC that was booked in previous financial years but claimed
in the current financial year. This helps in tracking carry-over credits that were accrued
previously and are utilized in the current reporting period.

Table 12C: ITC Booked in Current Financial Year and Claimed in Subsequent
Financial Years
Captures ITC that has been booked in the current financial year but is intended for
claims in future financial years. (Till 30th November) This deferred reporting helps
manage ITC claims that extend over different periods.

Table 12D: Total ITC as per Audited Financial Statements or Books of

Accounts
Reflects the total ITC availed as per the audited financial statements or books of
accounts. The values from Tables 12A, 12B, and 12C are consolidated and auto-populated
here, providing a complete view of ITC as recorded in the financial statements.

Table 12E: Net ITC Available for Utilization

Lists the net ITC available for utilization, as declared in Table 7J of the Annual Return
(GSTR-9). This amount represents the final ITC available to the taxpayer after all previous
tables and adjustments.

Table 12F: Un-Reconciled ITC

Represents any un-reconciled ITC. This is the difference between ITC as per the books of
accounts and the ITC claimed in GSTR-3B. Disclosing un-reconciled ITC highlights any
variances between recorded figures and claimed amounts, ensuring transparency.

Table 13: Reasons for Un-Reconciled Difference in ITC

This table documents the reasons for any discrepancies between ITC claimed in the
audited financial statements (from Tables 12A and 12D) and the ITC as declared in
the GSTR-9 return. It provides an opportunity to explain variances, ensuring transparency
and accountability in ITC reporting.

Table 14: Reconciliation of ITC Declared in Annual Return (GSTR-9)

with ITC Availed on Expenses
Table 14 reconciles ITC declared in the GSTR-9 Annual Return with ITC availed on various
expenses recorded in the audited Annual Financial Statement or books of account.

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This table itemizes expenses under which ITC was claimed, allowing for adjustments
or additions to categories as needed.
For the year 2023-24, the registered person has the option to omit filling this table.

Table 15: Reasons for Un-Reconciled Difference in ITC

Table 15 outlines reasons for any un-reconciled ITC between audited expenses (from Table
14) and the ITC declared in the GSTR-9 return. It ensures that any unexplained differences
are documented for full transparency and compliance.

Table 16: Tax Payable on Un-Reconciled Difference in ITC (Due to

Reasons Specified in Tables 13 and 15)
Table 16 captures any tax payable resulting from discrepancies in ITC reporting, as identified
in Tables 13 and 15. This table ensures that all unaccounted or outstanding amounts are
formally declared and addressed, maintaining compliance.

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Edition #XI

MORE INFORMATION ABOUT US

GST

T H E
INSIDER

The GST Insider: Stay Informed, Stay Compliant

As we conclude this edition of The GST Insider, we hope the insights and updates have
provided valuable knowledge to our readers. Our commitment remains steadfast in
delivering timely, accurate, and relevant information to help you navigate the complexities
of the GST landscape. We have explored significant developments and shared expert
opinions to help you stay compliant and maximize benefits.
We are grateful for your continued support and engagement. Your feedback and
suggestions are invaluable as we strive to make "The GST Insider" a trusted resource for all
your GST-related needs.
Until the next issue, stay informed, stay compliant, and keep thriving in your business
endeavors.
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CONTACT US :
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Nov 2024
Prepared by: CA. Samarpit Sharma