GSTR 9 SECOND DAY16/08/2023

Introduction

This tutorial provides a step-by-step guide on filing GSTR 9 for the financial year, based on the insights from the video by Aravind - The GST Trainer. GSTR 9 is an annual return that needs to be filed by registered taxpayers under the Goods and Services Tax (GST) regime in India. This guide aims to simplify the filing process and ensure compliance with GST regulations.

Step 1: Gather Required Information

Before starting the filing process, ensure you have all necessary documents and information handy. This includes:

• GSTIN (Goods and Services Tax Identification Number)
• Financial statements for the tax period
• Details of outward supplies, inward supplies, and tax paid
• Input tax credit details

Step 2: Access the GSTR 9 Portal

Follow these steps to access the GSTR 9 filing portal:

1. Visit the official GST portal at gst.gov.in.
2. Log in using your GST credentials.
3. Navigate to the 'Services' tab on the dashboard.
4. Under 'Returns', select 'Annual Return' and then click on 'GSTR 9'.

Step 3: Fill in Basic Details

In the GSTR 9 form, start by filling in the basic details:

• Financial Year
• GSTIN
• Legal Name of the taxpayer

Make sure all information is accurate to avoid discrepancies.

Step 4: Enter Details of Outward Supplies

Next, provide details of your outward supplies:

• Report total sales figures
• Classify supplies under various categories (e.g., taxable supplies, exempt supplies)
• Include details of any exports made during the year

Ensure all figures align with your sales records to maintain consistency.

Step 5: Input Tax Credit Details

Input Tax Credit (ITC) is an essential part of GSTR 9. Follow these steps:

1. Enter the total ITC availed during the financial year.
2. Break down ITC claims into various categories (e.g., inputs, capital goods).
3. Ensure the ITC claimed matches with the GSTR 2A/2B to avoid mismatches.

Step 6: Review and Validate Information

Before submitting, carefully review all the information entered. Check for:

• Accurate figures in all sections
• Consistency between outward supplies and input tax credits
• Any discrepancies that need correction

Utilize the 'Validate' option on the portal to check for errors.

Step 7: Submit the GSTR 9

Once everything is verified:

1. Click on the 'Submit' button.
2. A confirmation message will appear; ensure you save the reference number for future reference.
3. Download the acknowledgment for your records.

Conclusion

Filing GSTR 9 can be straightforward if you follow these steps meticulously. Make sure to maintain accurate records throughout the year to simplify the filing process. If you encounter issues, consider consulting a tax professional. Regularly check for updates on GST regulations to stay compliant. For further guidance, refer back to the video or consult additional resources as needed.