The Synthetic & Rayon Textiles Export Promotion Council

GST Annual Return

Circular No. ES/ 269/2018-19                                                                                    November 1, 2018 

To: Members of the Council

Sub: GST Annual Return

Dear Member,

As you are aware, GSTR 9 is an annual return which needs to be filed annually/once a year by the registered taxpayers under GST including those registered under composition levy scheme. It consists of details regarding the supplies made and received during the year under different tax heads i.e. CGST, SGST and IGST. It consolidates the information furnished in the monthly/quarterly returns during the year.

Types of Returns under GSTR 9 :

  • GSTR 9 to be filed by the regular taxpayers filing GSTR 1, GSTR 2, GSTR 3.
  • GSTR 9A to be filed by the persons registered under composition scheme under GST.
  • GSTR 9C to be filed by the taxpayers whose annual turnover exceeds Rs.2 crores during the financial year. All such taxpayers are also required to get their accounts audited and file a copy of audited annual accounts and reconciliation statement of tax already paid and tax payable as per audited accounts along with GSTR 9C.

For the FY 2017-18, the due date for filing GSTR 9 is 31st December 2018.

With regard to the above, the Council had issued Circular No.ES/231/2018-19 dated   September 28, 2018 referring to CBIC Notification No.39/2018-Central Tax dated 4th September, 2018 and Notification No.49/2018-Central Tax dated 13th September, 2018.

With the advent of this new Tax Regime and current GST challenges, uncertainties have emerged for every registered person and the business as a whole. In the last 15 months, this Council has taken great efforts to acquaint members to all the new functionalities and compliances under GST.

Now, the exporters will have to be well versed with the procedures and the system for the 1st GST Annual Return filing which is applicable to each and every registered person irrespective of their turnover. 

This Return under GST Form 9 is significant considering the fact that we may have inadvertently committed unforced errors while filing the initial GST monthly return. The Annual Return is the last opportunity to report about the entire years details.

Following details to be furnished in Form GSTR 9

FORM GSTR – 9 is divided into 6 parts and details which the normal taxable person needs to furnish in FORM GSTR – 9 are summarized hereunder:

  • PART I    – Basic Details;
  • PART II   – Details of outward and inward supplies declared during the financial year;
  • PART III  – Details of Input Tax Credit as declared in returns filed during the financial year;
  • PART IV  – Details of tax paid as declared in returns filed during the financial year;
  • PART V  – Particulars of the transactions for the previous FY declared in returns of April
                       to September of current FY or up to the date of filing of annual return of
                       previous FY whichever is earlier;
  • PART VI  – Other information –
  1. Particulars of Demand and Refunds;
  2. Information on supplies received from composition taxpayers, deemed supply under section 143 and goods sent on approval basis;
  3. HSN wise summary of outward supplies;
  4. HSN wise summary of inward supplies;
  5. Late fee payable and paid.

In case you need more clarification on this issue, you may drop an email to es@srtepc.in/mr@srtepc.in with a subject line Query on GST, mentioning your query and contact details. We shall reply you suitably as soon as possible.

Thanking you,

Yours faithfully,

S. BALARAJU
EXECUTIVE DIRECTOR