GSTR-9 & GSTR-9C FY 2023-24 Reporting

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Summary of GSTR-9 & GSTR-9C Reporting Requirements for FY 2023-24 (Updated as per Notification No. 12/2024 – Central Tax dated 11/07/2024) A. GSTR-9: Annual Return A.1. GSTR-9 Tables: Mandatory Tables/Section 4A to 4G: Taxable outward supplies, tax on advances, and RCM.

• 4I to 4L: Credit/Debit Notes (CN/DN) and amendments related to supplies reported in 4B to 4E. • A to 5C: Zero-rated supplies without tax payment, supplies where the recipient discharges tax. • 6E: Import of goods. • 6F to 6M: Other ITC details.

• 7F & 7G: ITC reversals due to TRAN-1 & TRAN-2. • 8A to 8K: ITC-related information. • 9: Details of tax payable and tax paid. • 10 & 11: Outward liability for FY 2023-24 shown/reduced in FY 2024-25 (till 30th Nov 2024).

•17: HSN reporting for outward supplies: • If turnover > ₹5 Crore: 6-digit HSN for all supplies. • If turnover < ₹5 Crore: 4-digit HSN for B2B supplies only.

A.2. GSTR-9 Tables: Optional or Conditionally Optional Tables/Section • 5D to 5F: Exempted, Nil-rated, and Non-GST supply.“Exempted” and “Nil rated” can be combined in 5D; Non-GST should be shown separately. • 5H to 5K: CN/DN/amendments related to 5A-5F can be merged within 5A-5F (optional).

• 6B to 6D: ITC on inward supplies (forward & reverse charge). Inputs and input services can be combined under “Inputs”; capital goods must be shown separately. • 7A to 7E: ITC reversals due to Rule 37, 39, 42, 43, Sec 17(5) can be combined with 7H (other reversals).

• 12 & 13: ITC pertaining to FY 2023-24 reversed or shown in FY 2024-25 (till 30th Nov 2024). Optional, but strongly recommended. Do not net off 12 & 13. • 15 & 16: Information on demands, refunds, and inward supplies. Optional. • 18: HSN for inward supply. Optional.

B. GSTR-9C: Reconciliation Statement B.1. GSTR-9C Tables: Mandatory Tables/Section • 5A: Turnover as per audited books. • 5O: Adjustments related to turnover.

• 7A to 7F: Reconciliation from total turnover to taxable turnover. • 9A to 9Q: Reconciliation of tax paid. • 11: Additional amount payable but not paid (as per reasons specified in Tables 6, 8, and 10). • 12A to 12D: Reconciliation of ITC between books and GSTR-9.

B.2 GSTR-9C Tables: Optional or Conditionally Optional Tables/Section • 5B to 5N: Adjustments related to turnover (other than 5A & 5O). • Table 14: Expense-head-wise ITC reconciliation. I hope you will find this quick summary useful. Warm Regards Abhishek Raja "Ram"