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इस पोस्ट को हिंदी में सुने (7 Min)

Computation of ITC has been updated in taxpayers GSTR-9 based on suppliers returns filed upto 30th Nov 2023: GST Portal

As per GST Portal, computation of ITC for FY 2022-23 has been updated in GSTR-9 of all taxpayers based of GSTR-1/IFF/GSTR-5 filed by their suppliers upto 30th Nov 2023.

What is the relevance of 30th Nov in ITC finalization in GSTR-9?

As per Section 16(4) of CGST Act - A registered person shall not be entitled to take input tax credit in respect of any invoice or debit note for supply of goods or services or both after the 8[thirtieth day of November] following the end of financial year to which such invoice or 4[****] debit note pertains or furnishing of the relevant annual return, whichever is earlier.


GSTR-9 & 9C Comparison Manual for FY 2022-23 & FY 2021-22 [Table wise]

As the due date for filing GSTR-9 & GSTR-9C for FY 2022-23 is approaching fast. Professionals are working hard to complete the same in time.

Like last year, we have come up with a GSTR-9 & GSTR-9C Manual for FY 2022-23 as well for our members. This manual is of great importance for professionals and will give you insight into optional, mandatory and auto fill tables with updated instructions by CBIC.

One thing we have added into this manual is comparison with last year. So you will now be able to see comparison tables for FY 2022-23 & FY 2021-22 in GSTR-9 and GSTR-9C Manual.

The link for download both the manuals are given below.

GSTR-9 (Annual Return) - Taxpayers having aggregate turnover upto Rs.2 Crores are exempted from filing GSTR-9 for FY 2022-23 vide Notification No.32/2023 - .......
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TaxReply


Dec 2, 2023


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GST News (Updates)


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10 Mar

☑ Monthly | GSTR-7

GSTR-7 for the m/o Feb 2024 (For TDS Deductors u/s 51 - Section 39(3)).

☑ Monthly | GSTR-8

GSTR-8 for the m/o Feb 2024 [For TCS collection by E-Commerce Operators - Section 52(4)].

11 Mar

☑ Monthly | GSTR-1

GSTR-1 for the m/o Feb 2024 (Monthly Taxpayers) - N.No. 83/2020.

13 Mar

☑ Monthly | GSTR-5

GSTR-5 for the m/o Feb 2024 [Return by Non Resident Taxpayers - Rule 63 - Section 39(5)]

☑ Monthly | GSTR-6

GSTR-6 for the m/o Feb 2024 [For Input Service Distributors - Rule 65 & Section 39(4)].

☑ Monthly | IFF

IFF for the m/o Feb 2024 (QRMP Taxpayers, Optional) - Rule 59(2).

20 Mar

☑ Monthly | GSTR-3B

GSTR-3B for the m/o Feb 2024 (Monthly Taxpayer - Rule 61) - Either Compulsory taxpayer > 5 cr. or Voluntary taxpayer < 5 cr.

☑ Monthly | GSTR-5A

GSTR-5A for the m/o Feb 2024 [Return by OIDAR Service Providers - Rule 64.]

25 Mar

☑ Monthly | PMT-06

PMT-06 Monthly tax payment for Feb 2024 under QRMP Scheme [Rule 61(1)(ii) - Proviso to Section 39(7)].

Taxpayers have a choice to pay tax either, as per -  

A) Fixed Sum Method OR 
B) Self assessment basis subject to interest on short payment of taxes.
(Notification No.85/2020 - CT)
 
28 Mar

☑ Monthly | GSTR-11

GSTR-11 for the m/o Feb 2024 (Statement of inward supplies by persons having Unique Identification Number (UIN)).

31 Mar

☑ Annual | CMP-02

Last date to opt-in from regular scheme to composition scheme under GST for FY 2024-25 [Rule - 3 of CGST Rules.]

☑ Annual | GTA

Closing Date of window on GST Portal for Opt-in / Opt-out for Forward Charge / Reverse Charge by GTA for FY 2024-25 [Notification No.06/2023 - CT(R) dated 26.07.2023]