Pradeep Jain - Chartered Accountant

Query

() Posted On: 09 Jun, 2020

That the amendment with reference to FY 17-18 such as (+)/(-) in the sale amount and/or ITC which was unclaimed/reversible for the FY 17-18, but the same was declared in the monthly/quarterly returns 3B and GSTR-1 for the financial year 18-19 till March 2019.That while filling GSTR-9 for the FY 18-19 all the above amendment for 17-18 which was declared in GST returns of FY year 18-19 needs to be done vice versa to arrive at the actual sale amount and/or ITC availed in the FY 8-19.That after perusal of the entire GSTR-9 form for 18-19and after working on it we couldn’t find any columns where the same can be acknowledged to arrive at the actual Turnover/ITC fir Fin. Yr. 2018-19. In the above circumstance I hereby request you to kindly resolve and/or issue guiding principle for the above mentioned issues since the time for filing of GSTR-9 for 18-19 is running every day. For Example: For the financial year sale amount of Rs.10000.00, CGST & SGST of Rs. 250 & 250 respectively was by mistake not filed in 17-18 and the same was effected in September 2018 GST Returns and for Fin. Yr. 17-18 one purchase ITC CGST & SGST of Rs. 500 & 500 respectively was claimed in October 2018 GST returns. The above adjustments are being reflected in Fin. Yr. 18-19 GST returns summary/GSTR9 reports also but does not form part of Turnover/Purchase ITC of Fin. Yr. 18-19, which needs to be rectified and where to mention the same in the GSTR-9 for FY 18-19.

Disclosure in GSTR 9 and 9C of 2018-19 relating to ITC It is to be shown in Table 6 in GSTR 9 and Table 12B (ITC booked in earlier Financial Years claimed in current Financial Year), Table 12E (ITC claimed in Annual Return- Table 7J), and Table 14S (ITC availed pertaining to different expenses) in GSTR 9C. Although it has been disclosed in Table 8C & Table 13 of GSTR 9 of FY 2017-18, therefore, it was merely a disclosure and had no monetary impact. Further, in case of GSTR 9C, it was reflected in Table 12C of GSTR 9 filed for FY 2017-18. Disclosure in GSTR 9 and 9C of 2018-19 relating to sales The tax payable would be more than the tax paid in 2018-19(when excess tax adjustment made) and vice a versa in table 9 of GSTR 9. Tax payable reflects the actual tax payable as per sales of 2018-19 and tax paid is the payment made in GSTR 3B in the financial year 2018-19. The best practice is that mention a note about it in Audit Report i.e. to read this with annual return of 17-18.

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