ॐ सह नाववतु ।

सह नौ भुनक्तु ।
सह वीर्यं करवावहै ।
तेजस्वि नावधीतमस्तु मा वि
द्विषावहै ।
ॐ Om,
शान्तिः शान्तिः शान्तिः ॥
May God Protect us Both (the Teacher and the
students),
May God Nourish us Both,
May we Work Together with Energy and Vigour,
May our Study be Enlightening and not give rise
to Hostility,
Om, Peace, Peace, Peace.
TOPICS COVERED

GST ANNUAL RETURNS

(GSTR-9 & 9C)
FOR F.Y. 2023-24
From where to pick the figures --- Books, GSTR1, GSTR
3B or Correct.
22-
23-
24
CA PREETAM BATRA
23 4
WHO ARE NOT REQUIRED TO
FILE GSTR-9 ?
 GSTR 9 Sec 44 & Rule 80
Sec 44(1) Every registered person, other than an Input Service Distributor, a person paying tax under section
51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return for every
financial year electronically in such form and manner as may be prescribed on or before the thirty-first day of
December following the end of such financial year.

Sec44(1) & Rule

80(1) GSTR 9 N.
A

Person paying tax u/s 51 Non Resident OIDAR, Sec. 35(5) i.e audit N.A. to
Input CG, SG, Local Authority
or 52 CTP Taxable Person Foreign whose BOA are subject to
Service (E-Com u/s 9(5) is required to file GSTR-9) Airlines audit by CAG
Distributor (Not. 30/2019)

Rule 80(1) Proviso Composition Sec 10 -------------------- Annual Return in GSTR-9A

Rule 80(2) Every electronic commerce operator required to collect tax at source under section 52 shall furnish annual statement referred to in sub-
section (5) of the said section in FORM GSTR -9B.
40
What is late fees for GSTR-9?
 Reduction in Late Fees from FY 2022-23 onwards
S.No. Class of registered persons Amount Amount
(Aggregate Turnover in relevant Financial Year) (OLD PROVISIONS) (AMENDED FOR F.Y. 22-23
ONWARDS)
1 Up to 5 Crores Rs. 200 per day, Subject to the Rs. 50 per day, Subject to the
maximum of 0.5% of turnover maximum of 0.04% of turnover
in state or Union territory in state or Union territory

2 5 crores to 20 crores Rs. 200 per day, Subject to the Rs. 100 per day, Subject to the
maximum of 0.5% of turnover maximum of 0.04% of turnover
in state or Union territory in state or Union territory

3 Above 20 crores Rs. 200 per day, Subject to the Rs. 200 per day, Subject to the
maximum of 0.5% of turnover maximum of 0.5% of turnover
in state or Union territory in state or Union territory

There is no reduction in the late fees for the registered persons with aggregate turnover exceeding INR 20 crores in the relevant financial year. The
current late fees will apply to such a registered person.
[CBIC Notification 7/2023 dated 31/03/2023 49th Council Meeting]
It is important to note that to impose a penalty under section 125 up to ` 25,000, the ingredients such as willful default, etc., must be
established by a process of adjudication allowing a reasonable opportunity to the taxable person and not imposed as a
matter of routine. CA PREETAM BATRA 42
WHO ARE EXEMPTED FROM FILING GSTR-9 OR
GSTR-9C?
 Annual Return + Self Certified Reconciliation Statement

Turnover of F.Y. 2023-24 GSTR-9 GSTR-9C

Upto 2 Crore Exempted Not Applicable

Above Rs. 2 Cr but up to Rs.5 Crore Mandatory Not Applicable
Above Rs.5 Crore Mandatory Mandatory

Due Date of Filing 9/9C For F.Y. 23-24 is 31st December 2024

1
0
Karnataka AAR Snaps on Aggregate Turnover
Advance Ruling No. KAR ADRG 30/2020 Dated 04.05.2020
Nature of Receipt/Income to the Individual Included in Aggregate Is Taxable Supply?
Person Turnover for
Registration
Partner's salary as partner from No No
partnership firm
Salary/Remuneration as an Executive No No
Director from Private Limited Company
Salary/Remuneration as a Non-Executive Yes Yes
Director from Private Limited Company
Interest income on partner's fixed capital Yes No
credited to partner's capital account
Interest income on partner's variable Yes No
capital credited to partner's capital
account
Interest received on loan given Yes No
Interest received on advance given Yes No
Interest accumulated along with Yes No
deposit/fixed deposit
Interest income received on deposit/fixed Yes No
Nature of Receipt/Income Included in Aggregate Is Taxable Supply?
to the Individual Person Turnover for Registration
Interest income on National Yes No
Savings Certificate (NSCs)
Interest income credited on Yes No
PF account
Accumulated interest Yes No
(along with principal)
received on closure of PF
account
Interest income on PPF Yes No
Interest income on National Yes No
Pension Scheme (NPS)
Receipt of maturity No No
proceeds of life insurance
policies
Dividend on shares No No
Rent on Commercial Yes Yes
Property
Residential Rent Yes No
Capital gain/loss on sale of No No
Reconciliations Needed………

Before Filling of GSTR-9

 An Illustrative List of Reconciliations

Balance of Electronic Credit ledger with ITC in books.

Balance of Electronic Cash ledger with excess cash paid in books.

GST paid in cash in March return with payables as per books.

Refund claimed in GST portal with GST ITC refund receivable in

books.

Refund rejected in GST portal with rates and taxes in books.

Turnover and output liability in GST returns and books.

An Illustrative List of Reconciliations

ITC claimed in GST returns and books.

ITC reversed in GST returns and books.

Ineligible ITC in GST returns and books.

SCN/ASMT 10/Demand order with contingent liabilities.

Adjustments of the previous year in subsequent GST returns.

Observations of internal auditors on GST matters.

 An Illustrative List of Reconciliations
Ratio analysis across branches like GP/NP rates (quarterly).

RCM, TDS, and TCS compliances.

Reconciliation of GTO in books with FORM GSTR-1.

Reconciliation of GTO in books with e-Way Bills.

Reconciliation of GTO in Form GSTR-3B with FORM GSTR-1.

ITC Reconciliation in FORM GSTR-2A with FORM GSTR-3B.

ITC Reconciliation in FORM GSTR-2A with books.

Reconciliation of supplier and vendor accounts.

Issuance and treatment of proper CN/DN in Books and Returns.

Cross-charge of certain incomes and expenditures.

What are the Amendments in
GSTR-9 for F.Y. 2023-24?
 GSTR 9 AMENDMENTS IN F.Y. 23-24
AMENDMENTS/NEW INSERTIONS IN GSTR-9 APPLICABLE FOR FY 23-24

(As per Notification no 14/2024 – Central Tax)

For FY 23-24, the registered person whose aggregate turnover is up to two crores rupees, the said registered
person is eligible for exemption from filing annual return for the said financial year.
• TABLE 4G1 , 4 H, 5 C1, 5 N

CA PREETAM BATRA 1
8
Instruction
4. Part II consists of the details of all outward supplies & advances received during the financial year for which the
annual return is filed. For FY 2017-18, It may be noted that all the supplies for which payment has been
made through FORM GSTR-3B between July 2017 to March 2018 shall be declared in this part. It may be noted
that additional liability for the FY 2017-18 or FY 2018-19 or FY 2019-20 or FY 2020-21 or FY 2021-22 or FY
2022-23 or FY 2023-24 not declared in FORM GSTR-1 and FORM GSTR-3B may be declared in this return.
However, taxpayers cannot claim input tax credit through this return. The instructions to fill Part II are as
follows:

CA PREETAM BATRA
1
9
 NOTIFICATION NO. 12/2024 Dated
10-07-2024

Instruction

CA PREETAM BATRA 10
Tables for
GSTR-9
 GSTR 9 TABLES FOR FY 2023-24
TABLE NO NATURE OF REPORTING GSTR 1/ 3B TABLE NO. STATUS
4A Supplies made to unregistered persons (B2C) 5 and 7; 9 and 10 Mandatory

4B Supplies made to registered persons (B2B) 4A and 4C Mandatory

4C Zero rated (excl. SEZ) – With Payment 6A Mandatory

4D Supply to SEZs on payment of tax 6B Mandatory

4E Deemed Exports 6C Mandatory

4F Advances on which tax has been paid but invoice has not 11A Mandatory
been issued. ( Not covered in A to E above)
4G Inward Supplies – RCM 3.1(d) of 3B Mandatory
4G1 Supplies on which e-commerce operator is required to pay tax as per 3.1.1 (i) of 3B Mandatory
section 9(5) (Net of amendments, if any) [E- commerce operator to report] Table 15 &15A of GSTR 1

4H Sub Total [A to G1 above] Auto

4I Credit Notes (other than B2C) 9B Mandatory [From21-22]

4J Debit Notes (other than B2C) 9B Mandatory [From21-22]

4K Supplies / tax declared through Amendments (+) Upward 9A & 9C Mandatory [From21-22]
Amendments of B2B Invoices/CN/DN
 GSTR 9 TABLES FOR FY 2023-24
TABLE NO NATURE OF REPORTING GSTR 1 TABLE NO. STATUS
4L Supplies / tax reduced through Amendments (-) Downward 9A & 9C Mandatory [From21-22]
Amendments of B2B Invoices/CN/DN
4M Sub Total Auto
4N Taxable Turnover and Taxes Auto

5A Zero Rated (Export)Without payment of Tax 6A Mandatory

5B SEZ Without payment of Tax 6B Mandatory

5C Supplies on which tax is to be paid by the recipient on reverse charge 4B Mandatory

basis
5C1 Supplies on which tax is to be paid by e-commerce operators as per 3.1.1 (ii) of 3B Mandatory
section 9(5) [Supplier to report](Net of Amendments) Table 14(b) & 14A(b) of GSTR
1
5D Exempt 8 Mandatory
5E Nil Rated 8 Can be clubbed with 5D
5F Non – GST Supply 8 Mandatory
To be shown separately [from 21-22]
5H Credit Notes for (A) to (F) above (-) 9B Optional
5I Debit Notes For (A) to (F) above (+) 9B Optional
5J Supplies / tax declared through Amendments (+) 9A and 9C Optional
5K Supplies / tax reduced through Amendments (-) 9A and 9C Optional
5L Sub Total Auto
 GSTR 9 TABLES FOR FY 2023-24
TABLE NATURE OF REPORTING GSTR 3B STATUS
5N Total turnover (incl. advances)[4N+5M-4G-4G1] Auto

6A Auto Populated ITC based on 3B 4(A) Auto

6B All Other ITC (excl. imports & RCM; incl. SEZ) (excl. reclaims) 4(A)(5) Mandatory
6C &D Inward Supplies under RCM (Unregistered and Registered) 4(A)(3) Mandatory to report 6C and 6D separately
from F.Y. 2021-22.
6E Import of goods (including supplies from SEZs) 4(A)(1) Mandatory *
(Till FY 2018-19, Input, Input Service and Capital
goods Separately not mandated but FY 19-20 and
onwards CG ITC to be reported separately)

6F TO Import of services (Excl. SEZ), ISD ITC, ITC reclaimed. 4(A)(2),4(A)(4), Mandatory
6H Manual
6I Sub Total (B to H) Auto
6J (Difference I – A) (Ideally to be Zero) Auto
6K-6L ITC availed under TRAN-I & II TRAN I & II Mandatory
Form
6M Any other ITC availed and not incl. above Mandatory
6N Sub Total (K to M) Auto
CA PREETAM BATRA
“Input” & “Input Services” Can be Clubbed , “Capital Goods” to be shown Separately.* (Till 2018-19, All 3 could have been clubbed) 18
 GSTR 9 TABLES FOR FY 2023-24
TABLE NO NATURE OF REPORTING 3B TABLE STATUS
6O Total ITC availed (I + N) Auto
7A to 7E ITC Reversal due to Rule 4(B) Can be clubbed with 7H-(with Other reversals)
37,39,42,43,Sec.17(5)
7F to 7G ITC Reversal due to TRAN1&TRAN2 4(B) Mandatory
7F &7G Trans credits to be mandatorily reported separately
7H Other reversals (pl. specify) FORM ITC -03 & 4(B) Mandatory
other reversals) (All reversals could be clubbed and reported here)
7I Total ITC Reversed (A to H above) Auto

7J Net ITC Available for Utilization (6O -7I) Auto

8A ITC Related Information Auto Populated from GSTR 2B and Non-Editable

(Till FY 2018-19, 8A to 8D was optional)

CA PREETAM BATRA 19
 GSTR 9 TABLES FOR FY 2023-24
TABLE NATURE OF REPORTING STATUS
NO
8B TO 8K ITC Related Information Mandatory

9 Details of Tax Payable Mandatory

9 Tax paid Auto

10,11 Outward Liability Pertaining to FY 2023-24 shown/reduced in FY 2024-25 Till 30th Mandatory
Nov-24 (Notification No. 38/2023 – Central Tax
12,13 ITC Pertaining to FY 2023-24 reversed /shown in FY 2024-225 Till 30th Nov- 24 Optional(But Highly Advisable to
fill it) [Do not net off 12 & 13]
14 Differential tax paid on account of declaration in Table 10 and 11 above Mandatory

15 & 16 Info of Demands & Refunds, Inward supplies Optional

17 HSN for Outward Supply Mandatory

[from 21-22] [To>5Cr. At 6 Digit level for all supplies] To<5 Cr, 4 Digit level for B2B
supplies]
18 HSN for Inward Supply Optional
19 Late fee payable and paid Auto
CA PREETAM BATRA 20
Annual return is mandatory to be filed if aggregate turnover is above Rs. 2 crores.
Annual Return can be filed online directly or through offline utility.

All GSTR 1 and GSTR 3B for F.Y. 2023-24 must be filed before filing this return.

Even if the GST number is surrendered during the year, GSTR-9 is required to be filed, if the limit is
exceeded.

Major data is auto populated in Annual return. However is available in editable form. The fields, where the system computed values would be
modified by more/less than 20%, shall be highlighted in ‘Red’ for reference & attention.

Once GSTR 9 filed, it cannot be revised. GSTR 9C can be uploaded only after GSTR 9 is filed.

GSTR 9 is to be filed for every GSTIN i.e. for every branch separate GSTR-9 is to be filed, if the aggregate turnover is
exceeded, irrespective of turnover of individual branch.

In GSTR 9/9C additional liability can be created payable through DRC-03(Selecting Annual Return with 73(5), only thru cash)
but additional credit cannot be taken.(Payment thru cash only is a litigative issue)
Vide N.N. 47/2019-CT as amended by 77/2020 it is provided that the annual return shall be deemed to be furnished on the due date if it has not been
furnished before
furnishing afterthe
saiddue date
date, for the
if any financial
short paymCeyear
AnAtA2017-18
oNrCHinALand
eKliAg2018-19,
PiObOleR 9in
I9T8respect
C86,9p2aof registered
6y99 thru persons below Rs. 2 crores. If errors
36 in GSTR-
3B, then GSTR-9 is advised to be filed. Cir. 124- Portal shall not permit
DRC-03.
What is GSTR-9?
 GSTR
9
Parts
OPTIONAL

Part I Part III

Details of the Details of ITC
taxpayer Table 6(A to O) Table 7 (A
Part V Particulars
This detail is auto of
to J) Table 8 ( A to K)
populated. the
Table 1,2,3A,3B transactions for
the
FY declared in
Part IV returns filled till Nov of next
Part II
Information of tax paid FY or upto the date of filing of
Outward and Inward
Table 9 GSTR 9 of previous FY
supplies liable to RCM. Table
Whichever is earlier.
4 ( A to N) Table 5 (A to N)
Table 10,11,12,13,14

CA PREETAM BATRA
44
 Format of GSTR 9 PART I

1
FORM GSTR-9

(See rule 80)

Annual Return

Pt. I Basic Details

1 Financial Year
2023-24
2 GSTIN Auto
3A Legal Name Populated
PAN Card Name( Eg. ABC)
3B Trade Name (if any)
ABC & Associates

CA PREETAM BATRA 45
 Rectifications done after
March,2024 returns will
form part
Format of GSTR 9 Part II Data as per GSTR 3B till March, 2024
returns pertaining to 23-24 (Tax Paid)
of Part -V Additional as per Books for 23-24 not
Pt. II Details of Outward and inward supplies made during the financial year shown in 3B of any period.(Tax Payable)
(Amount in Rs. in all tables)
Taxable Value Central Tax State Tax Integrated Tax
Nature of Supplies Cess
/ UT Tax
1 2 3 4 5 6
Details of advances, inward and outward supplies made during the financial year on which tax is
4
payable
A Supplies made to un-registered Auto
persons (B2C) (Net of Cr./Dr. Note & Population
amendments upto March,19 )(B2Cl + B2Cs) from GSTR1A
as amended
by GSTR 1A,
if any
B Supplies made to registered persons
(including Supplies made through ECOM who are required to collect TCS.)
Editable (B2B) ( Gross)
Zero rated supply (Export) on payment of
C tax (except supplies to
SEZs) NN 48/2017 only goods
D Supply to SEZs on payment of tax not services
E Deemed Exports
F Advances on which tax has been paid but invoice Only Unadjusted for Services(For invoices
has not been issued (not covered under (A) to (E) issued forms part of Part 4A Above)
above)
Inward supplies on which tax is to be paid on
G reverse charge basis CA PREETAM BATRA 46
Note: (Option to fill Table 4B to 4E, net of credit/debit notes and amendments upto March returns is not available for F.Y 21-22 and F.Y. 22-23)
 Format of GSTR 9
G1 Supplies on which e-commerce operator is required to
Part II
pay tax as per section 9(5) (in-cluding amendments, if any) [E-
commerce operator to report] Aggregate V alue of all
H Sub-total (A to G1 above) supplies (Net of
Amendme nts made
I Credit Notes issued in respect of transactions specified in (B) MANDATORY upto 31.0 3.2024)
to (E) above (-)

Debit Notes issued in respect of transactions specified in (B) MANDATORY

J to (E) above (+)

K Supplies / tax declared through Amendments (+) Amendm ents made

MANDATORY upto 1.03.2024

3
L Supplies / tax reduced through Amendments (-)
returns c overed here
MANDATORY

M Sub-total (I to L above)

AUTO
N Supplies and advances on which tax is to be paid (H + AUTO
M) above
CA PREETAM BATRA 47
 Format of GSTR 9 Part II
Point to be considered while preparing this table:
a) Debit notes and credit notes which are concerning these supplies should be captured only if the suitable effect
of GST is provided in them. In other words, any commercial/accounting credit note which do not contain the
charge of GST should not be adjusted for the calculation of taxable value and tax amounts.

b) Any supply of capital assets is to be carefully verified from the perspective of reporting as it is a Balance Sheet
item and valuation needs to be derived separately as per section 18(6) of the CGST Act.

CA PREETAM BATRA
48
5
Format of GSTR 9 Part II
Details of Outward supplies made during the financial year on which tax is not payable
A Zero rated supply (Export) without payment of tax Petrol, Alcohol,
B Supply to SEZs without payment of tax Liquor(Non- Taxable)
Supplies on which tax is to be paid by the recipient on reverse charge
C
basis
Supplies on which tax is to be paid by e-commerce operators as per
C1 section 9(5) [Supplier to report] (Net of Amendments made upto
31.03.2024)
D Exempted
E Nil Rated NON-GST SUPPLY SHALL BE REPORTED SEPARATELY. Option of
F Non-GST supply (includes ‘no supply‘)
either separately report supplies as exempted and nil rated supply or report consolidated
information for two heads in the “exempted” row only

G Sub-total (A to F above) Schedule I II,

Credit Notes issued in respect of transactions specified OPTIONAL
H in A to F above (-)

I Debit Notes issued in respect of transactions specified OPTIONAL

in A to F above (+)

J Supplies declared through Amendments (+) OPTIONAL

K Supplies reduced through Amendments (-) OPTIONAL

L Sub-Total (H to K above)
M Turnover on which tax is not to be paid (G + L above)

N Total Turnover (including advances) (4N + 5M - 4G -4 G1 above) CA AANCHAL KAPOOR 9 988692699 49

 Noteworthy Definitions

Sec. 2(6) "aggregate turnover" means the aggregate value of all taxable supplies
(excluding the value of inward supplies on which tax is payable by a person on reverse
charge basis), exempt supplies, exports of goods or services or both and inter-State
supplies of persons having the same Permanent Account Number, to be computed on all
Sec. 2(47)
India "exempt
basis supply" means
but excludes supply
central of State
tax, any goods
tax,orUnion
servicesterritory
or both which attracts
tax, integrated of tax
tax andor
which may be tax under section 11, or under section 6 of the Integrated Goods and Services Tax Act, and
cess;
includes non-taxable supply;
Sec. 2(78) "non-taxable supply" means a supply of goods or services or both which is under the Integrated
Goods and Services Tax Act; not leviable to tax under this Act or

Sec. 2(108) “taxable supply" means a supply of goods or services or both which is leviable to tax under this
Act
 Format of GSTR 9 Part III
Amendments made in GSTR 3B after March 2024
will not form part of Table 6 & 7
will reflect in Part V
Pt. III Details of ITC for the financial year
Central Tax State TaxIntegrated Tax
Description Type Cess
/ UT Tax

1 2 3 4 5 6
6 Details of ITC availed during the financial
Total
year amount of input tax credit availed
A
through FORM GSTR-3B (sum total of Table 4A of FORM GSTR-3B) <Auto> <Auto> <Auto> <Auto>
(It will also include figures pertaining to FY 2022-23 adjusted in 2023-24)
Inward supplies (other than imports and inwardInputs
April, supplies liable to reverse charge but includes services
received from SEZs)
Capital
Goods
Registered persons can avoid bifurcation of Inputs and Input Services and
B can fill the accumulated figure in Inputs field, but ITC on capital Goods field
2023 The said figures represent the ITC booked net of Credit Notes and claimed by the
Input is mandatory. So A registered person can first fill up ITC on Capital Goods then the
Taxpayer ignoring the reversal(s) made in return separately. Those
to reversal figures have to be reported separately in Table 7. Services remaining balance can be filled in Inputs Field only.
Mar, Inward supplies received from unregistered personsInputs
liable to reverse charge (other than B above) on which
2024 C Capital tax is 6C &6D to be reported separately. They can also avoid bifurcation of Inputs and Input
data paid & ITC availed Goods Input Services. Inputs on capital Goods field can be filled first and then the remaining
Services balance can be filled on Inputs Field only.
Inward supplies received from registered personsInputs
liable to reverse charge (other than B above) on which Capital tax is 6C &6D to be reported separately. Registered persons can avoid bifurcation of Inputs
D paid and ITC availed Goods and Input Services and can fill the accumulated figure in Inputs field, but ITC on capital
Input Goods field is mandatory. So A registered person can first fill up ITC on Capital Goods
Services then the remaining balance can be filled in
Inputs Field only.
Inputs
E Import of goods (including supplies from SEZs)
CA PREETAM BATRA 51
 Format of GSTR 9 Part III
F Import of Services (excluding inward supplies from SEZs)

G Input Tax credit received from ISD

H Amount of ITC reclaimed (other than B above)

under the provisions of the Act

I Sub-total (B to H above)

J Difference (I – A above)
Ideally should be ZERO as B to H is as per 3B
K Transition Credit through TRAN-I (including
revisions if any) “K AND L”MANDAT ORY
FROM F.Y. 22- 3
L Transition Credit through TRAN-II
2

M Any other ITC availed but not specified above ITC 01 , ITC 02

N Sub-total (K to M above)

O Total ITC availed (I + N above)

CA PREETAM BATRA 52
 Format of GSTR 9 Part III
Figures from GSTR
3B from 4(B)(1)
and 4(B)(2)
7 Details of ITC Reversed and Ineligible ITC for the financial year

Mere A As per Rule 37 ( 16(2)- 180 days)

ineligible B As per Rule 39 ( ISD- Negative apportionment)

credits Option to either fill information on reversals
shown in C As per Rule 42 (Prop. Reversal of credit- input) separately in table 7A to 7E or report the entire
amount of reversal under table 7H only.
Table 4D D As per Rule 43 (Prop. Reversal of credit- Capital Goods
of GSTR
E As per section 17(5) ( Blocked Credit)
3B will
be shown. F Reversal of TRAN-I credit
However reversal on account of Trans-1 Credit(
Because Table 7F) and Trans- 2( Table 7G) are to be
G Reversal of TRAN-II credit
no effect mandatorily reported, if any)
in 3B/ H Other reversals (pl. specify) Rule 38( Banking),Rule 44 ( Special
Credit circumstances),ITC03
I Total ITC Reversed (Sum of A to H above)
ledger
J Net ITC Available for Utilization (6O – 7I)

CA PREETAM BATRA 53
 Normal
Purchase Format of GSTR 9 Part III
8 Other ITC related information
A ITC as per GSTR-2B (Table 3 & 5 thereof) GSTR 2B is auto populated in this table.
B ITC as per sum total of 6(B) and 6(H) above

ITC on inward supplies (other than imports and inward supplies liable to reverse charge but includes
C services received from SEZs) received during the F.Y but availed in Next F.Y upto Specified Period]

D Difference [A-(B+C)]
E ITC available but not availed
F ITC available but ineligible
Eg. Car, insurance
G IGST paid on import of goods (including supplies from SEZ) (Because not part of
GSTR 2A)
H IGST credit availed on import of goods (as per 6(E) above) <Auto> <Auto> <Auto> <Auto>
(No adjustments of effects pertaining to FY 2023-24 made after March 2024 given)(press release
dated 03.07.2019)
I Difference (G-H)
J ITC available but not availed on import of goods (Equal to I) <Auto> <Auto> <Auto> <Auto>

K Total ITC to be lapsed in current financial year (E + F + J) <Auto> <Auto> <Auto> <Auto>

CA PREETAM BATRA 54
 Format of GSTR 9 Part IV
Pt. IV Details of tax paid as declared in returns filed during the financial year
9 Description Tax Payable Paid Paid through ITC
through Central Tax State Tax Integrated Tax
cash / UT Tax Cess

1 2 3 4 5 6 7
Integrated Tax
Central Tax
State/UT Tax
Matches with
Table 4
(Actual liability for AS PER 3B’s upto March, 2024
Cess
2023-24)
Interest (Non-Editable)
(Editable) (It will include figures pertaining to FY 2022-23 paid in 2023-24)
Late fee
Penalty
Other

CA PREETAM BATRA 55
 Negative Monthly Input Tax Credit in GSTR-3B Effect in Table 9 of
GSTR-9
Normally, Table 9 payable output =Table 4 payable. However,IGST
PARTICULARS in this caseCGST
it will result
SGST
Yearly Output Liability as per GSTR-3B in difference. 2000 1000 1000
800
-500 for June, 23
Yearly Input as per GSTR-3B 2500 2500

Paid Through ITC

Description Tax Payable Paid through Cash IGST CGST SGST

IGST 2500 1500 1000

CGST 1000 1000
SGST 1000 1000
Table 4 payable IGST Rs. 2000, CGST Rs. 1000, SGST Rs. 1000

CA PREETAM BATRA 56
 Format of GSTR 9 Part V Invoices, Debit
or Credit Notes
Pt. V March 2024 3 Particulars of the transactions for the FY declared in returns of the next F.Y till the specified period]

Description Taxable Central Tax State Tax Integrated Tax Cess

Value / UT Tax
2 3 4 5 6
1
Liability + 10 Supplies / tax declared through Amendments (+) (net
of debit notes)
Liability - 11 Supplies / tax reduced through Amendments (-) (net
of credit notes)
In Online window this
ITC - 12 Reversal of ITC availed during point is added between
previous financial year Pt. No. 13 & 14
Registered person has the option not to fill this table.
ITC + 13 ITC availed for the previous financial Total Turnover( 5N +10-
year 11)

14 Differential tax paid on account of declaration in 10 & 11 above

Description Payable Paid
1 2 3
Integrated Tax
Central Tax As per above Table 10 & 11

State/UT Tax
Cess
Interest
Note: Tax Payable will be calculated based on Table 9 and Table 14
CA PREETAM BATRA 57
 Format of GSTR 9 Part V
For Serial No. 13
However, any ITC which was reversed in the FY 2023-24 as per second proviso to
sub-section (2) of section 16 but was reclaimed in FY 2024- 25, the details of
such ITC reclaimed shall be furnished in the annual return for FY 2024-25.”;

CA PREETAM BATRA 58
 Format of GSTR 9 Part VI
Pt. VI Other Information
15 Particulars of Demands and Refunds
Details Central Tax State Tax Integrate d Tax Cess Interest Penalty Late Fee
/ UT Tax /Others
1 2 3 4 5
A Total Refund
claimed
Total Refund
B
sanctioned

Optional
C Total Refund
Rejected
Total
D
Refund Pending

E Total demand of taxes

F Total taxes
paid in respect of E
above
Total demands pending out
G of E above

CA PREETAM BATRA 59
 Inward
Format of GSTR 9 Part VI Optional
16 Information on supplies received from composition taxpayers, deemed supply under section 143 and goods sent on
approval basis
Details Taxable Value Central Tax State Tax Integrated Tax Cess
/ UT Tax
1 2 3 4 5 6
A Supplies received from Composition taxpayers Non editable a s comp. taxpa yer does
no t charge tax
B Deemed supply under Section 143( Job Work 1 year/3 year)

C Goods sent on approval basis but not returned

(180 days time Period)
17 HSN Wise Summary of outward supplies ( Turnover Criteria applicable)
HSN UQC Total Quantity Taxable Value Rate of Tax Central Tax State Tax Integrated Tax Cess
Code / UT Tax
1 2 3 4 5 6 7 8 9

18 HSN Wise Summary of Inward supplies ( Turnover Criteria applicable)

HSN UQC Total Quantity Taxable Value Rate of Tax Central Tax State Tax Integrated Tax Cess
Code / UT Tax
1 2 3 4 5 6 7 8 9

19 Late fee payable and paid (Pertaining GSTR-9)

Description Payable Paid
1 2 3
A Central Tax CA AANCHAL KAPOOR 998869 2699 60
B State Tax
CA Aanchal kapoor
 CASE STUDIES of Outward supplies(Table 4, 9, 10, 11)
Documen Document Reported Reported/ Amendment
t Type Date In GSTR- Adjusted In GSTR-1
1 in Form
3B
Invoice - Part II – T No
Invoice 07/07/2023 Aug 2023 Amended May 2024 4 Amendment to
Invoice - Part V – T No
(Reported 3B &
Gstr-1)
in May 10
2024

Part V – T No
Credit Note 30/06/2023 June 2023 June 2024 No 11
Amendment
Part II – T No 4
Invoice 05/09/2023 September September October (Amendment to be shown
separately in Tb 4 only)
2023 2023 2023
Part II – T No 4
Invoice 05/09/2023 - - - (DRC-602 3)
 CASE STUDIES of Outward supplies(Table 4, 9, 10, 11)

Documen Documen Reported Reported/ Amendmen 3B prevails over GSTR-1

t Type t Date In GSTR- Adjusted t In GSTR-
1 in Form 3B 1

Invoice 06/09/2023 September September May 2024

2023 2023 Part II – Sl
No 4
(Correct
Value)
Invoice 06/09/2023 September September January Part II – Sl
2023 2023 2024 No 4

CA PREETAM BATRA 63
 CASE STUDIES of Outward supplies(Table 4, 9, 10,
S.N 11) FY 2023-24 FY 2024-25

Books 3B GSTR-1 3B GSTR-1

1 15000 15000 15000 NIL NIL

ALL IN TABLE 4

2 15000 10000 10000 5000 5000

TABLE 4 - 10000
TABLE 10- 5000

3 15000 10000 10000 NIL NIL

TABLE 4- 15000
SHORTFALL DRC-03
CA AANCHAL KAPOOR 692699 64
9988
CASE STUDIES of Outward supplies(Table 4, 9, 10, 11) 3B prevails over GSTR-1

S.N FY 2023-24 FY 2024-25

Books of accounts 3B GSTR-1 3B GSTR-1

TABLE 4 12500
DRC-03 for tax on
4 15000 10000 10000 2500 2500 2500
TABLE 10 Rs. 2500

5 15000 15000 10000 0 5000 RS. 15000 TABLE

4 (Value flowing
from 3B)

6 15000 10000 15000 5000 0 TABLE 4 10000

TABLE 10 5000
(Value flowing from
3B)
CA PREETAM BATRA 65
S.N
CASE STUDIES of Inward supplies(Table
FY 2023-24
6,8, 12, 13)
BOA 3B 2B Table 6 &12/13 Table 8

1 100000 100000 105000 100000 (6A 105000(8A)

& 6B ) 100000(8B)
5000(Lapse)
2 105000 100000(Mar) 105000 100000 105000(8A)
5000( May (6A & 6B) 100000(8B)
2023) 5000 (13) 5000(8C)
0 (8D)
3 105000 108000(Mar) 105000 108000(6A) 105000(8A)
-3000(May 108000(6B) 108000(8B)
2023) 3000(12) -3000(8C)
0 (8D)
66
SPILL OVER EFFECTS
(2022-23 adjustments done in 2023-24)

CA PREETAM BATRA 67
 OUTPUT Impact
Table 4,9,10,11, 14

Table 4
*Actual figure of FY 2023-24 GSTR 3B 2023-24
Tax paid as per 3B + payable not subsequently adjusted Table 10(2022-23)
Table 11( 2022-23)
23-24 Fig. Not adjusted till date
Table 9
Table 9= Payable= Table 4
(Payable)
Table 9 Table 9= Paid = As per GSTR 3B (including 22-23 effects)
(Paid)
CHECKSU GSTR 3B 2023- Table 10 of Table 11 of
M 24 2022-23 2022-23
Formula Table 10 of Table 11 of
(Diff b/w Payable 2023-24 2022-23
or Paid)
NOTE: As per above formulCaA,ADANifCfHeAreL KnAcPeOOPRa9y98a8b6l9e26a9f9ter above formula shall be paid by 68
DRC-03. If Excess then one can apply Refund subject to condition of 2 years and Sec. 54 provisions.
Freezed figures :- INPUT Impact Table 6,8,12,13 OPTION 1 As
100000
As per 3B
• GSTR 3B = 102000 per Press Table 12(-)
• 2022-23 Table 12 = 4000 Example
Release/Not. 3000
• 2022-23 Table 13= 6000
Actual
110000 Table 13 (+)
7000
Not claimed
Particulars 2023-24 Actual 2023-24 Short & 2023-24 Short 2023-24 2023-24 6000
Adjusted (Table 13) & No Adjusted Excess & Not Combination
Excess Adjusted
& Adjusted (Table
12)
Actual ITC of 2022-
23 (BOA)
100000 108000 108000 92000 92000 110000
Table 6A 102000 102000 102000 102000 102000 102000
Table 6B 100000 100000 100000 100000 100000 100000
Table 6J 2000 2000 2000 2000 2000 2000
(Diff Last year) (Diff Last year) (Diff Last year) (Diff Last year) (Diff Last year) (Diff Last year)
Table 6O 100000 100000 100000 100000 100000 100000
Table 8A(GSTR2B) 100000 108000 108000 92000 92000 110000
Table 8B =6B 100000 100000 100000 100000 100000 100000
Table 8C 0 8000 0 -8000 0 4000 (7000-
3000)
Table 8D 0 0 8000 0 8000 6000
8A-(8B+8C)
Table 12 0 0 0 8000 0 3000
Table 13 0 8000 0 0 0 7000
 GSTR 9C Impact OPTION 1
As per Press
Table Particulars Amount Comments Release
12 /Not.

A ITC availed as per audited annual financial statements 110000

B ITC booked in earlier financial year claimed in current 2000 ITC of PY 2022-23
year availed in 2023-24
C ITC booked in current financial year to be 4000 ITC of current FY availed
claimed in subsequent financial year in subsequent FY
D ITC availed as per audited financial statements or BOA 108000
(A+B- C)
E ITC claimed in annual return(GSTR-9-COL 7J) 100000
F Un-Reconciled ITC 8000 ITC lapsed as being
unclaimed till Nov
24+2000 last year
Table Particulars Amount Comments
14

R Total amount of eligible ITC claimed 110000

S ITC availed in annual return(GSTR 9-COL 7J) 100000
T Un reconciled ITC 10000 (6000 C/Y + 4000C/Y71POST)
Freezed figures :- INPUT Impact Table 6,8,12,13 OPTION 2
6B with
• GSTR 3B = 102000 current 6M
• 2022-23 Table 12 = 4000 LAST YEAR 100000
• 2022-23 Table 13= 6000 Example As per 3B
Table 12(-)
Actual 3000
110000 Table 13 (+)
7000
Particulars 2023-24 Actual 2023-24 2023-24 Short & 2023-24 2023-24 202 24Not
claimed
Short & No Adjusted Excess Excess & Not 3- 6000
Adjusted (Table 13) & Adjusted (Table Adjusted
Combination
12)
Actual ITC of 2022-
23 (BOA)
100000 108000 108000 92000 92000 110000
Table 6A 102000 102000 102000 102000 102000 102000
Table 6B 100000 100000 100000 100000 100000 100000
Table 6J(Diff) 2000 2000 2000 2000 2000 2000
Table 6M 2000 2000 2000 2000 2000 2000
(Diff Last year) (Diff Last year) (Diff Last year) (Diff Last year) (Diff Last year) (Diff Last year)

Table 6O(Total) 102000 102000 102000 102000 102000 102000

Table 8A(GSTR 2B) 100000 108000 108000 92000 92000 110000
Table 8B =6B 100000 100000 100000 100000 100000 100000
Table 8C 0 8000 0 -8000 0 4000 (7000-
3000)
Table 8D8A- 0 0 8000 0 8000 6000
(8B+8C)
Table 12 0 0 0 8000 0 3000
Table 13 0 8000 0 0 0 7000
 GSTR 9C Impact OPTION 2
Table Particulars Amount Comments
6B with current
12 6M
last year itc
A ITC availed as per audited annual financial statements 110000
B ITC booked in earlier financial year claimed in current 2000 ITC of PY 2022-23
year availed in 2023-24
C ITC booked in current financial year to be 4000 ITC of current FY availed
claimed in subsequent financial year in subsequent FY
D ITC availed a per audited financial statements or BOA 108000
(A+B-C)
E ITC claimed in annual return(GSTR-9-COL 7J) 102000
F Un-Reconciled ITC 6000 ITC lapsed as being
unclaimed till November
Table Particulars Amount Comments
24
14

R Total amount of eligible ITC claimed 110000

S ITC availed in annual return(GSTR 9-COL 7J) 102000
T Un reconciled ITC CA PREETAM BATRA
8000 (6000 C/Y + 4000C/Y
73
POST ADJUSTED-
2000 P/Y)
GSTR 2B ITC Auto Population
Issues

CA PREETAM BATRA 74
 FY 2023-24
IGST ITC as per books Rs.121000, Reversal Rule 42/43
Rs.6760, Reflection in GSTR-2B Rs.120000
Rs. 1000 reflected in 2B in June, 2024 taken in GSTR 3B in
June,
2024 but leading to diff in Column 8D although no default.

CASE STUDY
CGST SGST IGST TOTAL
1. Table 6A 3589690 3589690 120000 7299380
2. 6B 3589690 3589690 120000 7299380
3. 6I (Total of B to H) 3589690 3589690 120000 7299380
4. 6J (I – A) 0 0 0 0

5. Table 7 I 16244 16244 6760 39248

6. 7J (Net from 6I) 3573446 3573446 113240 7260132

Introduction of
7. Table 8A 3589690 3589690 120000 7299380 GSTR 2B in Table
8. 8B 3589690 3589690 120000 7299380 8A somewhere
9. 8C 100 100 makes Table 8C
0 0 redundant
10. 8D [Table A-(B+C)] 0 0 100 100
 GSTR 9C Impact
Table Particulars Amount Comments
12
A ITC availed as per audited annual financial 7261132 (7300380-39248)
statements
B ITC booked in earlier financial year claimed in 0 ITC of PY 2022-23
current year availed in 2023-24
C ITC booked in current financial year to be 1000 ITC of current FY
claimed in subsequent financial year availed in
subsequent FY
D ITC availed as per audited financial statements 7260132
or BOA (A+B- C)
E ITC claimed in annual return(GSTR-9-COL 7J) 7260132
Table
F Particulars
Un-Reconciled ITC Amount
0 Comments
14

R Total amount of eligible ITC claimed 7261132

S ITC availed in annual return(GSTR 9-COL 7J) 7260132
T Un reconciled ITC 10000 (1000 C/Y taken
CA PREETAM BATRA post March,24)
DEEP INSIGHTS OF LAST DATE
OF AMENDMENT OF F.Y. i.e.,
30th Nov

CA PREETAM BATRA
101
 IF SUPPLIER FILES RETURN IN NOVEMBER

SUPPLIER IS MONTHLY FILER SUPPLIER IS QUATERLY FILER

Case 1 Case 1
• Supplier Files GSTR-1 till 11th November and includes the • Supplier Files GSTR-1/IFF till 13th November and includes
missing Supplies. the missing Supplies.
• It will be reflected in 2B of Recipient in November month • It will be reflected in 2B of Recipient in November month while
while filing 3B. filing 3B.
• ITC can be claimed. • ITC can be claimed.

Case 2 Case 2
• Supplier Files GSTR-1 late i.e., after 11 November
th • Supplier Files GSTR-1/IFF late i.e., after 13th November
and includes the missing Supplies. and includes the missing Supplies.
• It will not be reflected in 2B of Recipient in November month • It will not be reflected in 2B of Recipient in November month
while filing 3B. while filing 3B.
• ITC cannot be claimed. • ITC cannot be claimed.
Summary:- To claim ITC supplier has to file GSTR 1/IFF till 11th/13th November otherwise Input will Lapse.

GSTR-9 TREATMENT- Show in Table No. 13 of GSTR 9 AND Table No. 12C of GSTR 9C
CA PREETAM BATRA
102
 CASE STUDIES

S. SUPPLIER GSTR-1 SUPPLIER GSTR 3B WHETHER ITC AVAILED?

NO. FILING STATUS FILING STATUS
1 Reverse. Will Reclaim on
Filed before Not Filed till 30 th
filling 3B

October 2024 September

2
Filed before Filed before Input Available

October 2024 September

2023
3
Not Filed Not Filed Not availaible
GSTR-9C
 C

Table 1-4

Table 5-8

Total +Taxable
Table 9-11

Ratewise

Table 12-16
CA PREETAM BATRA
104
Amendments in GSTR-9C
for F.Y. 2022-23
 GSTR 9C AMENDMENTS IN F.Y. 22-23
AMENDMENTS/ NEW INSERTIONS IN GSTR-9C APPLICABLE FOR FY 22-23
 New rate of 6% (3% – CGST and SGST each) included in tax rate table.[In Notification No.
38/2023 – Central Tax]
 Table 12B and 12C – Now they are mandatorily required to be disclosed separately.
It contains the details of “Amount of ITC which has been booked in Audited Financial
Statement in earlier years but claimed in GSTR 3B for the period 2022-23” or “Amount of ITC
booked audited financial statement of 2022-23 but which is claimed or to be claimed in
subsequent financial years made mandatory from F.Y 21-22”
 Table 5B – Turnover reconciliation – Unbilled Revenue at the beginning of the year can be
merged and disclosed in table 5O.
 Turnover reconciliations items from table 5C to 5N – Should be disclosed separately and
cannot be clubbed in Table 5O now. Earlier, for period upto FY 2021-22 could be clubbed
together and reported in table 5O. Items from 5C to 5N are shown below:-
• 5C Unadjusted Advances – End of FY • 5I Unadjusted Advances – Beginning of FY
• 5D Deemed Supply under Schedule I • 5J Credit Notes accounted in audited FS
• 5E Credit Notes issued after 31st but not admissible in GST
March 23 but reflected in GSTR-9 CA PREETAM BATRA • 5K Adjustments for Supply of Goods23 by
• 5F Trade Discounts – Part of Audited FS SEZ to DTA units
but not
• 5L Turnover – Composition Scheme
permitted in GST • 5M Adjustments in Turnover – Section 15 &
 GSTR-9C MANDATORY V/S OPTIONAL TABLES FOR FY 2022-23
TABLES NATURE OF REPORTING STATUS
NO
5A Turnover as per Audited Books Mandatory
5B Unbilled Revenue-Beginning of FY Can be clubbed in 5O
5C-5N Adjustments related to Turnover Mandatory
To Be Separately Disclosed
(Till FY 21-22 it could be
clubbed in 5O).
5O Other Adjustments Mandatory
5P Annual Turnover (Subtotal from 5A to 5O Auto
above)
5Q Turnover of GSTR-9 (5N+10-11 of GSTR-9) Mandatory
5R Un-Reconciled Turnover (5Q-5P of Auto
GSTR 9C) CA PREETAM BATRA 30

6A Reasons for unreconciled turnover If Applicable

above
 GSTR-9C MANDATORY V/S OPTIONAL TABLES FOR FY 2022-23

TABLES NATURE OF REPORTING STATUS

NO
7A Annual Turnover from 5P above Auto
7B Exempt, Nil-rated, Non-GST & No-supply turnover (Net of Mandatory
DN/CN/Amendments)
7C Zero-rated & SEZ WOPAY (Net of DN/CN/Amendments) Mandatory
7D Outward Supplies – RCM (Net of DN/CN/Amendments) Mandatory
7E Taxable Turnover (7A-(7B+7C+7D)) Auto
7F Taxable Turnover of GSTR-9 (4N-4G+10-11 of GSTR-9) Mandatory
7G Un-Reconciled Turnover (7F-7E of GSTR 9C) Auto
8A Reasons for unreconciled turnover above If Applicable

CA PREETAM BATRA 31
 GSTR-9C MANDATORY V/S OPTIONAL TABLES FOR FY 2022-23

TABLES NATURE OF REPORTING STATUS

NO
9A to Reco of Tax Paid Mandatory
9O (New Rate of 6% is included in tax rate table From F.Y. 22-
23)
9P Total Tax to be paid (Subtotal from 9A to 9O Auto
above)
9Q Total tax payable as per GSTR-9 (9+14 of GSTR- Mandatory
9)
9R Un-Reconciled Payment (9Q-9P of GSTR 9C) Auto

10A Reasons for unreconciledCA PREETAM

payment BATRA If Applicable 32

11 Differential tax payable (Due to 6A, 8A & 10A of GSTR- Mandatory

 GSTR-9C MANDATORY V/S OPTIONAL TABLES FOR FY 2022-23

TABLES NATURE OF REPORTING STATUS

NO
12A to Reco of ITC between Books v/s GSTR9 Mandatory [From 21-22]
12D [12B & 12C were
optional till 20- 21]
12A GSTIN-wise ITC as per Financials (net of reversals) Mandatory

12B ITC booked in FY 21-22 but claimed in Apr to Oct 22 3B Mandatory

(within filed 30th
November 2022)
12C ITC booked in FY 22-23 but claimed in Apr to Oct 23 3B Mandatory
(within filed 30th
November 2023)
12D Net ITC as per Financials/Books (12A+12B-12C of GSTR-9C) Auto
CA PREETAM BATRA 33
12E Net ITC as per GSTR-9 ( 7J of GSTR-9 ) Mandatory
12F Un-Reconciled ITC (12E-12D of GSTR 9C) Auto
 GSTR-9C MANDATORY V/S OPTIONAL TABLES FOR FY 2023-24

TABL NATURE OF REPORTING STATUS

ES
NO

14A-14Q Expense-wise ITC break-up as per Financials/Books Optional

14R Net ITC as per Financials (Subtotal from 14A to 14Q Auto
above)
14S Net ITC as per GSTR-9 ( 7J of GSTR-9 ) Mandatory
14T Un-Reconciled ITC (14S-14R of GSTR 9C) Auto
15A Reasons for unreconciled ITC above If applicable

16 Differential Tax payable (Due to 13A & 15A of GSTR-9C) If applicable

CA PREETAM BATRA 34
Part V Additional Liability, if any If applicable
 Attachments in 9C
S.No. NATURE OF REPORTING STATUS
1 Balance Sheet Mandatory
Profit & Loss A/c
2 Any Other Documents could be uploaded like Reconciliation Optional
workings, any relevant documents, any other proofs etc.

CA PREETAM BATRA 3 5
Formats of GSTR-9C
 Format of GSTR 9C PT II
(5)
Mandatory

CA PREETAM BATRA
106
Format of GSTR 9C PT II (6)

CA PREETAM BATRA
108
Format of GSTR 9C PT II
(7)

CA PREETAM BATRA
109
Format of GSTR 9C PT II (8)

CA PREETAM BATRA 110

 Format of GSTR 9C PT III (9)

PT1

At Sl no 9, after the entry relating to serial number K, the following serial number and entry relating thereto shall be inserted, namely: -
Notification
“K-1 Others . CA AANCHAL KAPOOR 9988692699 ”; 30/2021
111
Format of GSTR 9C PT III (10)

AMOUNT

CA PREETAM BATRA 112

 Format of GSTR 9C PT III (11)

At Sl no 11, after entry relating to “0.10%”, the following entry shall be inserted, namely: -
Notification
“K-1 Others . ”; 30/2021
CA AANCHAL KAPOOR 9988692699 113
Format of GSTR 9C
PT IV (12)

CA PREETAM BATRA
114
Format of GSTR
9C PT IV
(13)

CA PREETAM BATRA
115
 Format of GSTR
9C PT IV
(14)
Optional

CA PREETAM BATRA
116
Format of GSTR 9C
PT IV (15)

CA PREETAM BATRA 117

Format of GSTR 9C PT IV
(16)

CA PREETAM BATRA
118
 Format of GSTR 9C PT V

i) In the heading, for the words “Auditor’s recommendation on additional Liability due to non-reconciliation”, the words “Additional Liability due to non- reconciliation” shall be
substituted;
ii) after entry relating to “0.10%”, the following entry shall be inserted, namely: -
Notification
“K-1 Others . 30/2021 ”;

CA PREETAM BATRA
119
 Notification 30/2021

After the table, for the portion beginning with “Verification:” and
ending with “and balance sheet etc.”, the following shall be
substituted, namely: - “Verification of registered person: I hereby
solemnly affirm and declare that the
information given herein above is true and correct and nothing has
been concealed there from. I am uploading this self-certified
reconciliation statement in FORM GSTR-9C. I am also uploading
other statements, as applicable, including financial statement, profit
and loss account and balance sheet, etc.”;
Other Points

CA PREETAM BATRA
124
 GOVERNMENT SUBSIDY/GRANTS – OUT OF SCOPE OF GST

It is not covered under any of the following”-

• Consideration
2(31) “Consideration" in relation to the supply of goods or services or both includes
a) any payment made or to be made, whether in money or otherwise, in respect of, in response to, or for the
inducement of, the supply of goods or services or both, whether by the recipient or by any other person but shall
not include any subsidy given by the Central Government or a State Government;
b) the monetary value of any act or forbearance, in respect of, in response to, or for the inducement of,
the supply of goods or services or both, whether by the recipient or by any other person but shall not include any
subsidy given by the Central Government or a State Government
• Schedule I (ACTIVITIES TO BE TREATED AS SUPPLY EVEN IF MADE WITHOUT CONSIDERATION)
• “SCHEDULE IIII” (NON-GST)
• Since, it does not cover under scope of supply, GST will not applicable on Grant received from government.

CA PREETAM BATRA
125
SECURITIES – NOT COVERED UNDER NON-GST SUPPLY

Securities are also not covered under Schedule III

CA PREETAM BATRA
126
© Preetam Batra 93
12 14
© Preetam Batra 94
A C
© Preetam Batra 95
गुरुर् ब्रह्मा
गुरुर् विष्णुः
गुरु देवो
महेश्वरः ।
गुरु साक्षात्
परब्रह्मा
तस्मै श्री
गुरवे नमः॥