Form GSTR-9 and GSTR-9C - An understanding

Do note: It is mandatory to file GSTR-9 & GSTR-9C if you cross the turnover limit.

Even after lapse of 5 years of introduction of in India return forms are not aligned.

Exempt t/o related to CY reported in R-1 next year need to be reported in T-10 of GSRT-9 so-that total turnover can be matched but as per 9C abstract it is clubbed with taxable t/o.

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*What is New Time limit for GST Credit Note*: [ ❌Don’t follow wrong practice ]

👍 As per Amended Sec 34(2), now GST Credit Note can be declared in GST return till 30th Nov of next F.Y.

👍 Normally Oct month GSTR 1 will be filed by 11th Nov. Thereafter no GSTR 1 will be filed in Nov month. *Therefore, for practical purpose* -

     ✅ Maximum time till credit note can be “issued” is 31st Oct of next FY
     ✅ And, then such credit note should be declared in Oct GSTR 1 and 3B. However kindly ensure to file Oct GSTR 1 and 3B by maximum 30th Nov

👍 So, in nutshell, *Remember to issue credit note till* 31st Oct of next FY and its *disclosure in GST Return* before 30th Nov.

❌ Don’t get confused and follow wrong practice. Nothing can be done in Dec month for GST Credit note ( neither issuance or disclosure will be possible ).