The Institute of Chartered Accountants of India (ICAI) forms an indirect tax committee which is also responsible for any valuable suggestion for any changes or introduction of forms in the GST act.
Recently the govt has introduced the form GSTR 9 which is for annual GST return filing along with GSTR 9A (composition scheme) and GSTR 9C (Annual GST Audit Form) for taxpayers having turnover more than 2 crores.
The suggestion includes the GSTR 3B form ITC in which the Table 6 (A) figures be auto-populated from table 4A to 4D. Also, the return filing details must be auto-populated in the GSTR 9 form.
Another suggestion is based on ITC according to GSTR 2A, in which it is suggested that ITC availability must be clarified beforehand. Also, the requirement to report Debit/Credit note issued in a year must be clarified.
Apart from form clarification, there is a requirement of amendments and reporting of those in proper explanation is given in the suggestion. There are also differences given in the table GSTR 2A and GSTR 3B and is suggested to give reasons for the difference.
For a further understanding of complete of suggestion given by the ICAI to the GST council on the newly reported annual form GSTR 9, read the official PDF released.
