Annual Return is a statement of return that is required to be filed annually by each registered person (except a few specified categories of persons) under GST giving summarized details of outward supply and taxes paid thereon, input tax credits claimed, taxes paid, and refund claimed in the financial year in respect of which such annual return is filed. It also includes the transactions pertaining to the said financial year in respect of which the effect has been taken in the next financial year as well.

Table 4 of the GSTR-9 must include vendors who are both B2B and B2C. Even though the sales were misrepresented as B2C in GSTR-1, the assessee must categorize them as B2B in Table 4 because this is the

Failure to execute the LUT is a procedural non-compliance. Due to non-compliance, the transaction's type cannot be changed from "exports without payment of tax" to "exports with payment of tax." The transaction needs to be reported as "Exports without tax payment" in Table 5 of GSTR-9. Penalties must be addressed if any exist.

If the transaction involves a supply to an unregistered person, it should be recorded in Table 4A; if it involves a supply to a registered person, it should be reported in Table 4B. (in case the supply is made to a registered person). only when Table 4F reporting is used and the tax on advances has been paid but no invoice has been issued.

No further credit that was not claimed in GSTR-3B may be claimed in GSTR-9. On the other hand, credit claimed in a TRAN-1 filing may be reported in GSTR-9 under Table 6K/6L or Table 13, as applicable.

Table 6B of GSTR- requires the split of ITC into Capital Goods, Inputs, and Input Services. Purchases resulting from the output supply of goods and services, capital goods, and services must be noted in the books of accounts, and ITC on these purchases must be differentiated. On the other hand, ITC is handled the same way for both goods and services.

If a person is having multiple GSTINs, then each such GSTIN would be considered a distinct person. Every registered person (other than those mentioned in 44(1)) is required to file an annual return. Thus, the annual return has to be filed separately for every registration obtained by the registered person

Yes, the instruction to GSTR-9 provides that it is mandatory to file GSTR-1 and GSTR-3B before filing GSTR-9. Hence, any taxpayer who has failed to file GSTR-1/3B for any of the months for FY 2021-22 shall not be permitted to file GSTR-9.

It seems that a registered taxable person needs to file an Annual Return in GSTR-9 for the first part of the financial year as a regular taxpayer and also Form GSTR-9A for the second part of the financial year as a composite taxpayer. However, an exemption has been provided for aggregate turnover up to Rs.2 crore which can be opted for.

The option of amendment of Annual Return has not been provided under section 44 or rule 80. Therefore, once the annual return is filed, it would be considered final and no further amendment would be possible. Therefore, due care needs to be taken in the submission of information in the annual return. If any disclosure is missed out, an option of providing the information could be examined in GSTR-9C self-reconciliation statement.