GST Annual Return Format – Part I Details
In the last article on GSTR 9 we'd explained "what is GSTR 9, applicability, late fees and requirements". In this blog we will see how GSTR 9 is organised in total 6 parts and each part having various tables.
GSTR 9 consists of 6 parts and 19 tables as summarised below:
Part I: Basic details
Part I seeks to capture the basic details of the registered person which is important for disclosure requirements. Part 1 is split into 4 clauses as follows:
Financial year is the period for which the return is to be filed. It generally means period commencing from 1st April and ending on 31st March. However, for FY 17-18, financial year shall mean the period commencing on 1st July 2017 (date on which GST came into force) and ending on 31st March 2018.
This part consists of details of all input tax credit availed, reversed, available as per GSTR 2A, ITC lapsed in the financial year for which annual return is filed.
It includes details of actual tax paid during the financial year.