GST Annual Return & Reconciliation

This book covers a comprehensive ‘clause-by-clause analysis’ of GSTR 9, 9A & 9C in the form of the following:

• Case Studies
• Advanced FAQs
• Step-by-step Guides, etc.

It also deals with issues relating to Anti-profiteering & policy mismatches in GST and Accounting Standards.

This book will be helpful for GST Professionals' engagement in advisory, compliance, and litigation services.

The Present Publication is the 6^th Edition and is updated till November 2023. It also covers amendments in GSTR 9 and 9C vide Notification No. 38/2023-CT, dated 04-08-2023. Lastly, it also includes a reference to changes in GSTR 3B on 05-07-2022, along with Circular No. 170/02/2022-GST, dated 06-07-2022.

This book is authored by Adv. Vivek Laddha, Dr Shailendra Saxena & CA Pooja Patwari with the following noteworthy features:

• [40+ Case Studies on GSTR 9] This book exhaustively covers the number of case studies in separate chapters for Outward Supply and ITC so that executors can understand the impact of data in preparing the annual return of FY 2021-22 declared in the return of FY 2022-23 and the impact of data of FY 2022-23 declared in the return of FY 2023-24
• [50+ Advanced FAQs & Practical Issues] for GSTR 9 and 9C
• [Check List] for Outward & Inward Supply
• [Item-wise Cross Examination] of Financial Statements
• [Linking AS and Ind AS with GST Provisions]
• [Pre-requirements for Preparing GSTR 9 & 9C]
• [Steps for Preparing GSTR 9 & 9C] are also included in this book
• [Walkthrough for Professionals] for GSTR 9 & 9C
• [Key Considerations while Performing GSTR 9 and 9C for FY 2022-23]
• [Mapping of Various Incomes of Financial Statements] with Supply and Aggregate Turnover
• Also Covering:
  • Key changes that take place from time to time along with relevant Notifications, Circulars, FAQs, etc.
  • Applicable Laws, the format of relevant Forms, Press Release, and Clarifications

The contents of the book are as follows:

• List of Governing Provisions
• Legal Consequences of wrong filing/non-filing of GSTR-9 & GSTR-9C
• Annual Return and Reconciliation Statement: Fortune Maker of Registered Person
• Case Study on Outward Supply in GSTR 9
• Case Study on Inward Supply in GSTR 9
• Walkthrough for Professionals to Perform GSTR-9/9A/9C
• Annual Accounts vs Annual Returns vs Reconciliation Statement
• Applicability of Annual Return and GSTR 9C (Year-wise comparison)
• Turnover: A Ticklish Sound in GST Regime
• Issues in Accounting w.r.t. GST
• Looking at Financial Statements for GST Annual Return and Reconciliation Statement
• Segments of Annual Return – GSTR 9 (Regular Scheme)
• Your Steps for Preparing GSTR 9
• Advanced FAQs on Annual Return
• Basics of Annual Return with Practical Issues
• Part I of GSTR 9: Basic Details
• Part II of GSTR 9: Details of outward and inward supplies declared during the financial year
• Part III of GSTR 9: Details of ITC for the financial year
• Part IV (Form 9): Details of tax paid as declared in returns filed during the financial year
• Part V: Particulars of the transactions for the financial year declared in returns of the next financial year till the specified period
• Part VI: Other Information
• Segments of Annual Return (Composition Scheme)
• GSTR-9A: Is it really applicable, and basics of annual return (Composition) with practical issues
• Part I of GSTR-9A: Basic Details
• Part II of Form 9A: Details of outward and inward supplies declared in returns filed during the financial year
• Part III: Details of tax paid as declared in returns filed during the financial year
• Part IV: Particulars of the transactions for the previous FY declared in returns of April to September of the current FY or up to the date of filing of annual return of the previous FY, whichever is earlier
• Point V: Other Information
• Segments of Form GSTR-9C
• Your Steps for Preparing GSTR-9C
• Basics of Reconciliation Statement with Practical Issues
• Part I of Reconciliation Statement: Basic Details
• Part II of Reconciliation Statement: Reconciliation of Turnover Declared in Audited Annual Financial Statement with Turnover Declared in Annual Return (GSTR-9)
• Part III: Reconciliation of Tax Paid
• Part IV: Input Tax Credit (ITC)
• Part V: Additional Liability Due to Non-Reconciliation