Suggestive disclosure of Turnover and Liability in GSTR-9 Annual Return

Suggestive disclosure of Turnover and Liability in GSTR-9 Annual Return
Suggestive disclosure of Turnover and Liability in GSTR-9 Annual Return

Suggestive disclosure of Turnover and Liability in GSTR-9 Annual Return

In this article we will discuss for possible solutions of various critical issue on outward supply for Table-4, 5, 9, 10, 11 and 14 of GSTR-9

Suggestive disclosure of Turnover and Liability in GSTR-9 Annual Return

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Description

Suggestive Disclosure in Annual Return

Remark

1

Outward supplies for which payment has been made in 3B of July 17 to March 18

Table 4

 

2

Outward supplies for which payment has been made / recovery in 3B of April 18 to March 19

Table 10 and 11

 

3

Outward supplies for which payment was not made in 3B / Undisclosed supply / Additional supply

Table 4

Payment in cash by way of DRC- 03

Let’s uderstand above with some case studies.

Case Study # 1

Period

GSTR-3B

GSTR-1

Books of Accounts

July 17 to March 18

1 Cr

1Cr

1Cr

18-19 (Supply pertains to 1718)

NIL

NIL

 

Solution

Accept Auto populated data as no changes are required

Case Study # 2

Period

GSTR-3B

GSTR-1

Books of Accounts

July 17 to March 18

80 Lakhs

80 Lakhs

1Cr

April 18 to September 18

10 Lakhs

10 Lakhs

 

October 18 to march 19

10 Lakhs

10 Lakhs

 

Solution

Table-4

80 Lakhs

Table-10

20 Lakhs

Table 14

Tax payable (Tax on Rs 20 Lakhs)

Tax paid (Tax on Rs. 20 Lakhs)

Case Study # 3

Period

GSTR-3B

GSTR-1

Books of Accounts

July 17 to March 18

80 Lakhs

90 Lakhs

1Cr

April 18 to September 18

10 Lakhs

10 Lakhs

 

October 18 to march 19

10 Lakhs

  

Solution

Table-4

80 Lakhs

Table-10

20 Lakhs (Tax paid in 3B of 1819)

Table 14

Tax payable (Tax on Rs 20 Lakhs)

Tax paid (Tax on Rs. 20 Lakhs)

Case Study # 4

Period

GSTR-3B

GSTR-1

Books of Accounts

July 17 to March 18

1.2 Cr

1 CR

1Cr

April 18 to September 18

– 20 lakhs

  

October 18 to march 19

   

Solution

Table-4

1.2 Cr

Table-11

– 20 lakhs

Table 14

Tax payable on Rs. 20 Lakhs (negative)

Tax paid on Rs. 20 Lakhs (negative)

Case Study # 5

FY

Books

3B

GSTR-1

 

NET

TAX

NET

TAX

NET

TAX

17-18

100

12

90

10.80

90

10.80

18-19

10

1.20

Solution

 

Net

Tax

Table 4 & 5

100

12

Table 10 (no tax paid in 3B)

0

0

Table 9

 

12.00 (Tax payable) 10.80 (Tax paid)

Table 14

 

DRC

 

1.20 (Cash)

Case Study # 6

FY

Books

3B

GSTR-1

 

NET

TAX

NET

TAX

NET

TAX

17-18

100

12

90

10.80

90

10.80

18-19

10

1.20

  

Solution

 

Net

Tax

Table 4 & 5

90

10.80

Table 10

10

1.20

Table 9

 

10.80 (Tax payable) 10.80 (Tax paid)

Table 14

 

1.20 (Tax payable) 1.20 (Tax paid)

DRC

 

Case Study # 7

FY

Books

3B

GSTR-1

 

NET

TAX

NET

TAX

NET

TAX

17-18

100

12

100

12

90

10.80

18-19

Recipient will not get credit in respect of Rs. 10

Solution

 

Net

Tax

Table 4 & 5

100

12.00

Table 10

Table 9

 

12.00 (Tax payable)

12.00 (Tax paid)

Table 14

 

DRC

 

Case Study # 8

FY

Books

3B

GSTR-1

 

NET

TAX

NET

TAX

NET

TAX

17-18

100

12

100

12

110

13.20

18-19

Notice likely for shortfall. Keep reconcili ation ready

Solution

 

Net

Tax

Table 4 & 5

100

12.00

Table 10

0

0

Table 9

 

12.00 (Tax payable) 12.00 (Tax paid)

Table 14

 

DRC

 

Case Study # 9

FY

Books

3B

GSTR-1

 

NET

TAX

NET

TAX

NET

TAX

17-18

100

12

100

18

100

12

18-19

Solution

 

Net

Tax

Table 4 & 5

100

12.00

Table 10

  

Table 9

 

12.00 (Tax payable) 18.00 (Tax paid)

Table 14

 

DRC

 

Case Study # 10

FY

Books

3B

GSTR-1

 

NET

TAX

NET

TAX

NET

TAX

17-18

100

12 (IGST)

100

18 (IGST)

100

12 (IGST)

18-19

-6 (IGST)

Solution

 

Net

Tax

Table 4 & 5

100

12 IGST

Table 10

  

Table 9

 

18.00 (Tax payable) 18.00 (Tax paid)

Table 14

 

-6 (Tax payable)

-6 (Tax paid)

DRC

 

Case Study # 11

FY

Books

3B

GSTR-1

 

NET

TAX

NET

TAX

NET

TAX

17-18

100

12 (IGST)

100

12 (IGST)

120

18 (IGST)

18-19

-20

-6 IGST

Solution

 

Net

Tax

Table 4 & 5

100

12 IGST

Table 10

0

0

Table 9

 

12.00 (Tax payable) 12.00 (Tax paid)

Table 14

 

DRC

 

Case Study # 12

FY

Books

3B

GSTR-1

 

NET

TAX

NET

TAX

NET

TAX

17-18

100

12 (IGST)

100

12 (IGST)

100

12 (C+S)

18-19

 

-12 (C+S)

18-19

+12 (IGST)

Solution

 

Net

Tax

Table 4 & 5

100

12 IGST

Table 10

 

0

Table 11

 

0

Table 9

 

12.00 (Tax payable – IGST)

12.00 (Tax paid – IGST)

Table 14

 

DRC

 

Case Study # 13

FY

Books

3B

GSTR-1

 

NET

TAX

NET

TAX

NET

TAX

17-18

100

12 (IGST)

100

12 (C+S)

100

12 (IGST)

18-19

-12 (C+S)

  

18-19

+12 (IGST)

 

Solution

 

Net

Tax

Table 4 & 5

100

12 C + S

Table 10

 

12 IGST

Table 11

 

– 12 C+S

Table 9

 

12.00 (Tax payable – C+S)

0 (Tax payable – IGST)

0 (Tax paid –IGST)

12.00 (Tax paid –C+S)

Table 14

 

-12 (Tax payable C+S)

12 (Tax payable IGST)

– 12 (Tax paid C+S)

12 (Tax paid IGST)

DRC

 

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