The Goods and Services Tax Network (GSTN) has launched the updated offline utility tool for filing GST Annual Return (GSTR-9) and the GST Reconciliation Statement (GSTR-9C) for the financial year 2023-24.
Here’s a summary of the updates in GSTR-9 version 1.9, effective from October 14, 2024:
Key Updates in GSTR-9 and GSTR-9C Offline Filing Utility for FY 2023-24:
1. Table-4:
– A new row “G1” has been added after row G, designed for reporting supplies under Section 9(5) by e-commerce operators (ECO).
– The subtotal in row H has been updated to include values from rows A to G1.
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2. Table-5:
– A new row “C1” has been added after row C, specifically for suppliers reporting Section 9(5) supplies.
– The total turnover calculation in row N has been adjusted to exclude the impact of ECO supplies reported in row 4G1.
3. Table-6:
– Validation checks ensuring that CGST and SGST amounts are equal in rows 6K and 6L have been removed.
4. Table-7:
– Similar to Table-6, the validation check for CGST and SGST parity has been removed from this table as well.
5. Table-8:
– From FY 2023-24 onwards, Table 8A will be auto-populated with data from GSTR-2B, and the corresponding heading for 8A has been updated.
Complete Supreme Court Judgment on GST from 2017 to 2024 with Free E-Book Access, Click here
– The heading for Table 8B has also been updated to reflect changes in reporting.
These updates are aimed at simplifying the process of reporting specific types of supplies and adjusting validation checks that may have caused issues in previous versions. The inclusion of auto-populated data from GSTR-2B will also reduce manual entries and potential errors.
For those preparing the annual return and reconciliation statements, the updated tool is now available for download and can be used for smooth filing of returns for FY 2023-24.
Make sure to download the tool and adhere to the updated formats to avoid any discrepancies in your filing process.
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