How not to make mistakes in GSTR-9

The Bad News: You are not allowed to make corrections in GSTR-9 after filing.

Hence, it is always better to be careful while preparing your GSTR-9.



Here are some of the mistakes you can avoid while filing GSTR-9:

✔ Not filing GSTR-9 before the deadline.

31st December  is the final date to file your GSTR-9. There will be no date extensions. Not filing before this date means, you’ll have to pay fine with interest.

Tip 1: File your 1st GSTR-9 for the FY 2017-18 before 31st Dec 2019

✔ Not filing separate GSTR-9 for every GSTIN

If you’re doing business in many states, you may have different GSTIN. Well, this means, you need to file GSTR-9 separately for each state/GSTIN.

Tip 2: File separate GSTR-9 for separate states you’re operating in.

✔ Preparing GSTR-9 even for April- June 2017

This is obvious, but some do it wrong. As we know, GST was introduced in India in July 2017, which means GSTR-9 for FY 2017-18 will only be for 9 months and not for the entire year.

Tip 3: Prepare GSTR-9 for 9 months [July 2017 – Mar 2018] only

✔ Preparing GSTR-9 with wrong details.

All monthly and quarterly filed returns should match with the data reported in the GSTR-9. Even the smallest mismatch in data will make your GSTR-9 get rejected.

Tip 4: Match your GSTR-9 with every GSTR-1 and GSTR-3B filed.

✔ Not maintaining accurate business data.

Before filing GSTR-9, verify and report only accurate information. See to that there is proof of all data that is reported in GSTR-9, in order to avoid unnecessary problems late on. Having data only on books will make it difficult for you to find out the required details quickly.

Tip 5: It is always better to maintain your business data digitally for easier access

✔ Mixing up details in GSTR-9

GSTR-9 can’t have details in random order. You will have to fill data based on the categories.  Hence, a lot of digging into the books of accounts will be necessary to find and report this data accurately in the GSTR-9 return. If you’re using accounting software like Vyapar, things will become much easier for you. The App will provide the necessary detailed data in any desired format. Time to download Accounting software, if you don’t have one – Download for FREE.

Tip 6: Fill in your ITC, HSN codes, refunds, etc separately.

✔ Not getting your accounts audited by CA (if turnover > 2 cr)

If your business turnover exceeds 2 crore rupees, get your books of accounts audited by a Chartered Accountant. File your GSTR-9 along with GSTR-9C. The due date to furnish GSTR-9C is also the 30th November 2019.

Tip 7: If your turnover > 2 cr, get your books of accounts audited & file your GSTR-9C with the help of your CA.

✔ Not filing a Nil return in case of NO transaction

If you’re registered under GST, compulsorily file Nil return in cases where there have been no transactions during the year.

Tip 8: File a Nil return in case of zero transactions

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