Taxontips
No Result
View All Result
Monday, October 2, 2023
Login/ Register
  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
Talk to an Expert
  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
No Result
View All Result
Taxontips
No Result
View All Result

Clarification issued by CBIC regarding aut populated figures in GSTR 9/ 9C for FY 2018-19

GST expert by GST expert
October 10, 2020
in GST news
0
GSTR 9 & 9A is compulsory for all taxpayer’s in F.Y. 2017-18 or else you won’t be able to edit it in future.
160
SHARES
2k
VIEWS
image_pdfPDFimage_printPrint

Vide notification No. 69/2020 – Central Tax, dated 30.09.2020, the due date for furnishing of the Annual Return for the FY 2018-19 has been extended till 31.10.2020.

Certain representations have been received stating that the auto populated GSTR 9 for the year 2018-19 (Tables 4, 5, 6 and 7) also includes the data for FY 2017-18. However, this information for FY 2017-18 has already been furnished by the taxpayers in the annual return (GSTR9) filed for FY 2017-18 and there is no mechanism to show the split of two years (2017-18 & 2018-19) in FORM GSTR-9 for 2018-19.

In this regard, it is clarified that the taxpayers are required to report only the values pertaining to Financial Year 2018-19 and the values pertaining to Financial Year 2017-18 which may have already been reported or adjusted are to be ignored. No adverse view would be taken in cases where there are variations in returns for taxpayers who have already filed their GSTR-9 of Financial Year 2018-19 by including the details of supplies and ITC pertaining to Financial Year 2017-18 in the Annual return for FY 2018-19.

All the taxpayers are requested to avail the benefit of the extended due date and file their Annual Return (FORM GSTR-9) at the earliest to avoid last minute rush. It may be noted that furnishing of the Annual return in FORM GSTR-9 is mandatory only for taxpayers with aggregate annual turnover above Rs. 2 crore while reconciliation statement in FORM GSTR-9C is to be furnished only by the registered persons having aggregate turnover above Rs. 5 crore.

Thus, from the above clarification it is clear that there no need to show split of the amount and one needs to show only the figures related to FY 2018-19.

To read full Press release CLICK HERE.

To read the tweet CLICK HERE.

image_pdfPDFimage_printPrint
Tags: GST annual returnGST auditGST updateGSTR 9 updateGSTR 9C update
Previous Post

Impact of e-Invoicing on Businesses- Simplified & Effective Reconciliation ensured!

Next Post

Requirement for Fresh registration of trust under section 12AB has been extended till 01.04.2021

Related Posts

Annual return optional for F.Y. 2017-18 and 2018-19 for Turnover below Rs. 2 crore
GST news

Clarification on TCS liability under Sec 52 of GST act, in case of multiple E-commerce Operators in one transaction

September 26, 2023
Data of GST website under comparison of liability declared and ITC claimed tab not available
GST news

Advisory: Geocoding Functionality for the Additional Place of Business – GST website

September 21, 2023
Annual return optional for F.Y. 2017-18 and 2018-19 for Turnover below Rs. 2 crore
GST news

How to calculate Value of supply in case of online gaming including online money gaming [Read notification]

September 15, 2023
GST registration
GST news

Introducing Electronic Credit Reversal and Re-claimed statement on GSTN

September 14, 2023
GST registration
GST news

₹1,59,069 crore gross GST revenue collected during August 2023; records 11% Year-on-Year growth

September 5, 2023
GST registration
GST news

Launch of Invoice Incentive Scheme “Mera Bill Mera Adhikaar” from 1st September, 2023

August 25, 2023
Next Post
Guidelines for manual selection of returns for Complete Scrutiny during the financial-year 2019-20-

Requirement for Fresh registration of trust under section 12AB has been extended till 01.04.2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Google Custom search

Recent Posts

  • ₹1,62,712 crore gross GST revenue collected during September 2023; records 10% Year-on-Year growth
  • Extension of last date for payment of Membership /COP fee for the year 2023-24 to 31st October, 2023
  • Clarification on holding of AGM and EGM through video Conferecnce (VC) or other Audio visual means
  • CBDT notifies changes to Rule 11UA in respect of ANGEL TAX
  • Clarification on TCS liability under Sec 52 of GST act, in case of multiple E-commerce Operators in one transaction

Recent Comments

  • Srinivasan Venkatasubramanian Venkatasubramanian on GST turnover limit for services increased to Rs. 40 lakh by CBIC?
  • Notification under PMLA by Ministry of Finance which could affect CA, CS and CMA - Taxontips on CA, CS and CMA now under PMLA. KYC of clients required
  • ITR 4 is now available on e-filing website for FY 2022-23 i.e. AY 2023-24 | File ITR with experts on Taxontips – Taxontips on Businessman with turnover below 1 crore and having profit below 8% need to compulsorily get books of accounts audited: Let’s find out
  • Can a person earning income from speculative business transaction file return u/s 44AD of Income tax act - Taxontips on How to calculate turnover in case of intra day and future and option trading for Income Tax purpose?
  • Extension of last date for updation of Member’s Profile with GSTIN at Self Service Portal – Till 23rd April, 2023 - Taxontips on Updation of Member’s Profile at Self Service Portal with GSTIN to get GST credit till 15.04.2023

Categories

  • Budget News
  • Business & Other News
  • Case Laws
  • GST news
  • Income Tax News
  • News

Browse Topics by Date

October 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Sep    
  • GSTR 9/ 9C extended : AGAIN

    GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning

    6457 shares
    Share 2583 Tweet 1614
  • How to pay Membership and COP fees of ICAI for 2020-21 |

    6356 shares
    Share 2542 Tweet 1589
  • Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods

    5735 shares
    Share 2294 Tweet 1434
  • Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020

    4772 shares
    Share 1909 Tweet 1193
  • SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type

    3999 shares
    Share 1600 Tweet 1000

Recent Notification

GST registration

₹1,62,712 crore gross GST revenue collected during September 2023; records 10% Year-on-Year growth

October 2, 2023
ICAI has announced a new MBA programme for Diploma in Management and Business Finance

Extension of last date for payment of Membership /COP fee for the year 2023-24 to 31st October, 2023

September 30, 2023

RSS Taxontips

  • Extension of last date for payment of Membership /COP fee for the year 2023-24 to 31st October, 2023
  • Clarification on holding of AGM and EGM through video Conferecnce (VC) or other Audio visual means
  • CBDT notifies changes to Rule 11UA in respect of ANGEL TAX
  • Clarification on TCS liability under Sec 52 of GST act, in case of multiple E-commerce Operators in one transaction
  • Extension of validity of FCRA registration till 31.03.2024 [Read public notice]
  • Advisory: Geocoding Functionality for the Additional Place of Business – GST website
  • Multipurpose Empanelment Form (MEF) – 2023-24 | Now Open
  • Extension of time limit for Tax audit of trust and file Form 10B and Form 10BB and ITR 7
  • Turnover limit for Tax audit is Rs. 1 crore or Rs. 10 crore under section 44AB of the Act
  • Digital Signature Certificate (DSC) related issues and solutions on Income tax E-filing portal

Categories

  • Budget News
  • Business & Other News
  • Case Laws
  • GST news
  • Income Tax News
  • News

Site menu

  • Home
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST Registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • Q & A
  • About us
  • Contact us
Taxontips

TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details.
We are based in Jaipur, India

© 2019-2023 Taxontips.com - Tax assistance at your Fingertips

No Result
View All Result
  • Login/Signup
  • Income Tax
    • Income Tax Return
    • Tax Notice/ Personal consultation
    • Compliance Notice
    • Faceless Assessment
  • GST
    • GST registration
    • GST Consultation
  • News
    • Income Tax News
    • GST news
    • Budget News
    • Business & Other News
  • About us
  • Contact us
  • Ask an expert/ Talk to an expert
  • Q & A
  • Privacy Policy
  • Terms of use

© 2019-2023 Taxontips.com - Tax assistance at your Fingertips

Book Phone consultation with expert

Sitting home or at your office and don't have time to visit CA's office or don't know where to consult CA. Book your consultation with an expert practicing Chartered Accountant and get your query solved.

Book a phone consultation for 30 minutes with our expert at a very basic cost.

Book consultation

No thanks, I'm not interested!