Important Tips & Errors to be avoided in GST Annual Return of FY 2021-22

Herb 20

✅ For applicability of GSTR 9 and 9C in 21-22 – The aggregate Turnover limit of FY 2021-22 is to be considered ( 2Cr / 5 Cr limit ) and not the previous year ( 2020-21)

✅Auto Population in GSTR 9 is only for reference. Details to be filled as actual ( except un editable field )

✅ Highly Recommended to provide details of credit Note / Debit Note separately

✅ ITC details of Capital Goods are compulsorily required to be reported separately

✅ ITC can not be claimed in GSTR 9

✅ Details in S N 10 & 11 of GSTR 9 are to be filled in as per the effect given in GSTR 3B ( not as per GSTR 1). Example – Invoice of Mar 2022. Disclosed in GSTR 1 of Mar 2022, but Tax paid in GSTR 3B of Sep 2022. Then it is to be disclosed in S No 10 of GSTR 9

✅ Highly recommended to provide details of ITC reversed in S N 12

✅ HSN summary is compulsory for outward supply ( not for inward supply).

✅ As far as possible, try to match HSN Summary with Total appearing after Sr. No. 13

✅ In case of multi GSTIN, turnover of each GSTIN is to be reported separately in GSTR 9C

✅ In GSTR 9C, as far as possible, try to provide reconciliation details separately in provided fields. Don’t jump to include all amounts in S N ‘5O’

Please note that – GSTR 9 / 9C is going to be the base for all future notices and audits. So kindly ensure to prepare workings with all links, and details with note sheet

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