GSTR-9 Format Explained
The GSTR-9 format is divided into six parts, each capturing vital details of supplies made or received from July '17 to March '18. The key aspect to remember is that the information required in all six parts is consolidated.
Part-1: Basic Registration Details
ere, you'll provide basic registration information. This includes the fiscal year, GSTIN, legal name, and trade name. These details will be automatically filled out when GSTR-9 is available on the GST portal.
Part 2: Details of Outward Supplies
In this part, you'll consolidate details of outward supplies declared in your returns for the financial year. It's further split into two sections:
Supplies on which tax is payable (4A to 4L): This covers taxable supplies, exports, supplies to SEZ, reverse charge, and advances received.
Supplies on which tax is not payable (5A to 5K): This includes exports, exempt supplies, nil-rated supplies, and non-GST supplies.
Part 3: Input Tax Credit (ITC)
This part has three sections:
ITC availed as declared in returns filed (6A to 6O): Breakdown of ITC availed on various inward supplies.
ITC reversed and ineligible ITC (7A to 7H): Details of ITC reversed and ineligible ITC.
Other ITC-related information (8A to 8J): Information related to ITC as per GSTR-2A, reclaimed ITC, and more.
Part-4: Tax Paid
Here, you'll capture the tax paid as declared in the previous year's returns. Breakup of tax payable, paid in cash, and paid through ITC is required.
Part-5: Transactions of Previous Financial Year
This part covers transactions from the previous financial year but is declared in the returns of April to September of the current financial year.
Part-6: Miscellaneous Details
In this part, you'll provide details about demands, refunds, supplies from composition dealers, an HSN-wise summary of supplies, and late fee information.
Understanding and correctly filing these parts is crucial for accurate GSTR-9 filing. If this seems overwhelming, don't worry! At PKRIDS, we're here to simplify the process and guide you step by step. With our support, you can confidently navigate the GSTR-9 form and ensure accurate compliance with GST regulations.