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. Drawbacks/ Issues with GSTR 9 form and possible suggestions

. Drawbacks/ Issues with GSTR 9 form and possible suggestions

Formats of GSTR 9 released early this September had a lot of ambiguities. The issues were mostly based on the fact that the annual return form would not auto-populate the information which was already filed in the periodic returns. In order to make the filing of annual return simple for taxpayers, the GSTN updated the form and resolved most of the issues. These are some of the issues still persisting in the annual return form.
IssuesSuggestions/Solutions
1. HSN of inward supplies is required in the annual return GSTR 9 which was not needed while filing monthly GSTR 3B.This requirement of reporting HSN wise inward supplies should be done away with. However, ClearTax GST will fill in table 18 i.e. HSN codes of the inward supplies in the GSTR 9 automatically from the purchase register.
2. The difference in the annual return as per the books of accounts and GST data filed during the financial year.GSTR 9 should provide the means to verify whether the figures from GST data filed for annual return are in line with the books of accounts. ClearTax GST will prepare annual returns in 2 formats; one as per books of accounts and other as per GST data filed. In case of any differences, a reconciliation report will be generated and accordingly, the discrepancies will be sorted.
3. Segregated details of ITC availed are required as Inputs/Input services/ Capital GoodsThis bifurcation in the ITC availed will lead to reworking on the accounting entries by the assessee, as the same details were not required in the periodic returns. ClearTax GST will help the assessee file GST annual return to report the bifurcation with ease in the annual return.
4. Reporting of the amended transactions relevant to the FY 2017-18 filed in the returns of April to September of current FY or up to the filing of annual return of FY 2017-18 i.e. 31 Dec 2018, whichever is earlier.This reporting will be supported in GSTR 9 on  ClearTax GST. The feature will reconcile the amended transactions of FY 2017-18 filed in current FY and report them accordingly in the annual return.
To know more about the different types of returns, deadlines and the frequency of filing, read our article on GST Returns.
Also read our guides on How to file GSTR 1 on Government Portal and how to file GSTR 1 from Tally ERP 9 Release 6.

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