GSTR 9 Annual Return Form- Complications & Sorting Out Tips provided by GST file returns in Indiranagar
Posted 2021-06-30 07:01:28
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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?
Do you want to get a GST FILING REGISTRATION in Karnataka? then we are here to help you, we are the top company incorporation service provider in Bangalore. feel free to send your inquiry to info@consultry.in or feel free to contact: 7975187793 or visit https://www.consultry.in/
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