[Opinion] GSTR 9 and 9C – Optional to Mandatory reporting in FY 2021-22

  • Blog|GST & Customs|News|
  • 254 Views
  • |
  • 2 Min Read
  • By Taxmann
  • |
  • Last Updated on 8 December, 2022

GSTR 9 and 9C

Ritesh Jain – [2022] 145 taxmann.com 318 (Article)

As we are into 1st week of December 2022, the said month assumes comparatively more importance from GST compliance perspective since 31 December 2022 is the due date to furnish GSTR 9 and GSTR 9C for FY 2021-22. In this article, we would mainly comment on applicability of GSTR 9 and 9C along-with key pre-requisites.

A) Applicability for FY 2021-22

The applicability of GSTR 9 and GSTR 9C for FY 2021-22 is akin to that of FY 2020-21. However, for easy reference, we have reiterated the same below:

  • GSTR 9 is to be furnished by all taxpayers whose aggregate turnover exceeds INR 2 crore.
  • Conversely, GSTR 9 is exempt for taxpayers whose aggregate turnover is less than or equal to INR 2 crore.
  • Further, a self-certified statement in GSTR 9C should be furnished by taxpayers whose aggregate turnover exceeds INR 5 crore.
  • Accordingly, a taxpayer (whose aggregate turnover is between INR 2 crores and INR 5 crore) is required to only file GSTR 9.

B) Key Pre-Requisites

  • Finalisation of books of accounts.
  • In case of multi-state GSTINs, extraction of state-wise trial balance whereby total of all states should be tallied with turnover/ input tax credit (‘ITC’) as per financials.
  • From outward perspective, transactional level reconciliation of GSTR 1 vs GSTR 3B vs books of accounts.
  • From inward perspective, transactional level reconciliation of GSTR 2B vs GSTR 3B vs books of accounts.
  • To track reporting of outward as well as inward supply transactions (along-with amendments) of FY 2021-22 in GSTR 1/ GSTR 3B of April 2022 to October 2022 tax periods filed till 30 November 2022.
  • To also extract details of ITC pertaining to FY 2020-21 availed in FY 2021-22 for reporting the same in GSTR 9C.
  • HSN wise outward supply details should be collated. (6 digit HSN for taxpayers with more than INR 5 crore turnover. 4 digit HSN for all B2B supplies by taxpayers having less than INR 5 crore turnover).
  • GST rate-wise break-up of turnover as well as liability reported in GSTR 9 should be prepared (along-with RCM transactions).
  • To verify GST data available on income tax website.
Click Here To Read The Full Article

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

7 thoughts on “[Opinion] GSTR 9 and 9C – Optional to Mandatory reporting in FY 2021-22”

  1. How do we intimate GST officials that our turnover is 50 lakhs for FY 2021-22 and hence we are not filling GSTR 9 & GSTR 9C ?

  2. I HAVE 2 GST NUMBBER AND ONE GST HAVE FILED GSTR-1 & 3B WITH DATA AND ANOTHER GST FILED WITH NIL. MY TURNOVER IS MORE THAN 5 CRORES. AT THE TIME OF GSTR-9, 1ST GST NUMBER IS SUSPENDED, SO, HOW CAN FILED GSTR-9,
    IN GSTR-9 OF 2ND GST NUMBER, WHICH AMOUNT WILL BE CONSIDER ? NIL Or, 5 CRORES., PLEASE SUGGEST YOUR OPINION

  3. Hi, I have GST in two states. our PAN based Turnover iS more than 9 crore. where one of the State turnover is less than 3 crore and in another it is more than 5 crore. whether both the GSTIN required to file GSTR9C? Kindly clarify

Leave a Reply

Your email address will not be published. Required fields are marked *

Everything on Tax and Corporate Laws of India

To subscribe to our weekly newsletter please log in/register on Taxmann.com

Author: Taxmann

Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.

The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:

  • The statutory material is obtained only from the authorized and reliable sources
  • All the latest developments in the judicial and legislative fields are covered
  • Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
  • Every content published by Taxmann is complete, accurate and lucid
  • All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
  • The golden rules of grammar, style and consistency are thoroughly followed
  • Font and size that's easy to read and remain consistent across all imprint and digital publications are applied