GSTR 9 Annual Return Form- Complications & Sorting Out Tips provided by GST file returns in Indiranagar
In GST file returns in Indiranagar there
are many complications with Form GSTR 9 and confusions with its format that was
released in September 2018. The hardest problem with this Form is that the
information and details will not get colonized in this Form, in spite of the
fact that the same information and details have been filed and completed
earlier in the quarterly and monthly that is similar to the periodic returns.
To make simple and easy the process of filing an annual return, the GSTN
renovated the form and thus resolved most of the issues. Despite this, there
are some issues that are remaining unsolved. In this article, we will be
explaining those issues with some suggestions to sort them out.
GSTR 9 requires
HSN this is not required while filing GSTR 3B: In the Annual Return Form GSTR- 9, HSN within
the supplies is needed anyway it was not needed while applying monthly GSTR 3B.
The HSN summary is compulsory to be recorded for only those who have HSN which
accounts for the minimum 10% of the total within the supplies.
Suggestion: The reporting of HSN of inward supplies
becomes annoying if not recorded earlier. But we are having the solution for
this, GenGST is the software that fills table 18 in the GSTR 9 automatically.
Table 18 that consists of HSN codes of the inward supplies which get
automatically filled from the purchase register by GenGST software.
Details of ITC
need to be mentioned as Input Services or Inputs or Capital Goods: GST filing Consultants in Indiranagar A lonely detail of benefits details ITC
required to be mentioned as Input Services or Inputs or Capital Goods in the
Form GSTR 9.
Suggestion: The division of ITC benefitted as Input
Services or Inputs or Capital Goods in Form GSTR 9. We will be taking back the
evaluated rework on the accounting entries because of the lack of these details
and information in the periodic returns. Here, Gen GST facilitates the
evaluation to report this branch with ease in the GSTR 9 while filing it.
Reporting of
altered transactions: In the Annual
Return Form GSTR- 9, we need to report and record the modified transactions of
the Financial Year 2017-18 that is filed in the current Financial Year returns
from April to September or till the period of annual return filing of Financial
Year 2017-18 i.e., 31 Dec 2018, whatever is earlier.
Suggestion: Gen GST has a special feature and tools of
resolution and reporting through which it accommodates the modified
transactions of Financial Year 2017-18 filed that is in the current financial
year and reports the same in the annual return accordingly.
How to File the
GST Form GSTR 9 Annual Return with Latest Format
According to GST
filing Services in Indiranagar the
GSTR 9 is divided into six parts and 19 tables and the most and major important
thing as suggested by CBIC that there is no alternative facility on the GST
Portal.
Here you go:
Basic Details has
the following three sections and four tables:
1. Financial Year for which return is
being registered.
Note: For Financial Year 2017-18, that
will contain details and reports for July 2017 to March 2018 period.
2. GSTIN of the taxpayer
3A Legal and Approved Name of the
registered person
3B Trade Name (if any) of the
registered business
How to Apply for GST FILING
REGISTRATION in Indiranagar?
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