Preparing the GSTR-9C return in ExpressGST software involves a series of structured steps to ensure accurate reporting of your annual GST data.
Here’s a concise guide to help you navigate the process effectively:
Steps to Prepare GSTR-9C in ExpressGST
Step 1: Access GSTR-9C Status
- Log in to ExpressGST: Open the ExpressGST dashboard.
- Navigate to the Return Summary: Locate this section on the dashboard.
- Click on GSTR-9C Status: Select the GSTR-9C status option to check your current audit status.
- Sync Data: Ensure you sync your data before starting to prepare the GSTR-9C return to prevent any discrepancies.
Step 2: PT II — Reconciliation of Turnover
This section compares the turnover reported in the audited financial statement with the turnover declared in your GSTR-9 return. Enter the following details:
- PT. II(5): Reconciliation of Gross Turnover
- PT. II(6): Reasons for Un-reconciled Differences in Annual Gross Turnover
- PT. II(7): Reconciliation of Taxable Turnover
- PT. II(8): Reasons for Un-reconciled Differences in Taxable Turnover
Step 3: PT III — Reconciliation of Tax Paid
In this section, reconcile the tax paid during the year with the details in GSTR-9. Complete the following:
- PT. III(9): Reconciliation of Rate-wise Liability and Amount Payable Thereon
- PT. III(10): Reasons for Un-reconciled Payments of Tax
- PT. III(11): Additional Amount Payable but Not Paid (due to reasons mentioned in previous tables)
Step 4: PT IV — Reconciliation of Input Tax Credit (ITC)
This section focuses on reconciling the ITC claimed in the annual return with the ITC reflected in your audited books. Enter the following details:
- PT. IV(12): Reconciliation of Net ITC
- PT. IV(13): Reasons for Un-reconciled Differences in ITC
- PT. IV(14): Reconciliation of ITC Declared in Annual Return (GSTR-9) with ITC Availed on Expenses as per Audited Annual Financial Statements or Books of Account
- PT. IV(15): Reasons for Un-reconciled Differences in ITC
- PT. IV(16): Tax Payable on Un-reconciled Differences in ITC (based on reasons specified in 13 and 15 above)
- PT V — Auditor’s Recommendation on Additional Liability Due to Non-reconciliation
The auditor provides recommendations regarding any additional liability arising from non-reconciliation.
Step 5: Review Prepared Return
- Review Option: Before filing, use the Review option to check the prepared return for any discrepancies.
- Ensure Accuracy: Double-check all entries and resolve any errors found during the review process.
- Email the Report: You can also email the report by using the "Email PDF" option.
Step 6: Save & File GSTR-9C (EVC & DSC Available)
- Save & File GSTR-9C: Once everything is in order, proceed to the "Save & File GSTR-9C" option.
- Choose Filing Method: You can file the return using either EVC (Electronic Verification Code) or DSC (Digital Signature Certificate), depending on your preference.
By following these steps in ExpressGST, you can accurately prepare and file your GSTR-9C return. Ensure to thoroughly check each section for completeness and correctness before final submission.