Key Relaxations and Optional Tables in GSTR-9 and GSTR-9C for FY 2023-24

With the approaching deadline for filing GSTR-9 and GSTR-9C for FY 2023-24, the Central Board of Indirect Taxes and Customs (CBIC) has implemented several relaxations to ease the compliance process. These updates, outlined in the CGST (Amendment) Rules, 2024, aim to reduce the reporting burden on taxpayers while making the filing process more efficient and straightforward.

Below is a comprehensive summary of the key relaxations and optional reporting tables introduced in GSTR-9 and GSTR-9C for FY 2023-24:

1. Simplifications in GSTR-9

A. Outward Supplies and Adjustments (Table 5)

Exempted and Nil-Rated Supplies (5D & 5E):
Taxpayers can report the consolidated value of both exempted supplies and nil-rated supplies in Table 5D.
Credit and Debit Notes (5H & 5I):
The value of credit and debit notes can be reported on a net basis against the original supplies (Tables 5A-5F).
Amendments to Supplies (5J & 5K):
Similarly, amendments to supplies can also be reported on a net basis for Tables 5A-5F.

B. Input Tax Credit (ITC) Details (Table 6)

Inward Supplies (6B, 6C & 6D):
Taxpayers now have the option to report ITC on inputs and input services in a single consolidated column under “Inputs.”
Imports (6E):
ITC on imported goods and services can also be consolidated under the “Inputs” column.

C. Reversal of ITC (Table 7)

Reversal of ITC (7A to 7E):
Instead of filling multiple sub-tables, taxpayers can report all reversals in a consolidated manner under Table 7H, labeled as “Other Reversals.”

D. Tax Paid (Table 9)

Taxpayers are required to provide an annual summary of GST payments, as reflected in their GSTR-3B returns, ensuring alignment between returns and payments.

E. Optional Reporting for Certain Tables

Sales Adjustments for Future Periods (Tables 10 & 11):
Reporting of sales adjustments made in FY 2024-25 for transactions of FY 2023-24 is optional.
ITC Adjustments (Tables 12 & 13):
Tables related to ITC reversals and availment for transactions spanning FY 2023-24 and FY 2024-25 are optional.
Demand and Refund (Table 15):
Details of demands raised and refunds claimed during the year are not mandatory to report.
Composition and Job Work Supplies (Table 16):
Reporting supplies from composition taxpayers, deemed supplies by job workers, and goods sent on approval can be skipped.
HSN Codes for Supplies (Tables 17 & 18):
Simplified HSN/SAC reporting:
- For businesses with a turnover > ₹5 Crores, report 6-digit HSN codes.
- Others can report 4-digit HSN codes for B2B transactions.

2. Relaxations in GSTR-9C

A. Optional Table

Table 14 (Differential Tax):
Reporting of differential tax paid on adjustments made in Tables 10 and 11 is optional.

B. Mandatory Tables

All other tables in GSTR-9C remain mandatory for taxpayers.

3. Simplified Reporting for Small Businesses

For businesses with a turnover of less than ₹5 Crores, simplified compliance includes:

Optional HSN reporting at the 4-digit level.
Consolidation of multiple ITC categories and reversals, reducing the complexity of reporting.

Read More: GST Amnesty 2024: Waiver of Interest and Penalties Under Section 128A

These relaxations for FY 2023-24 aim to provide greater flexibility to taxpayers, reducing compliance time and effort. By allowing consolidated reporting and optional tables, the CBIC continues to streamline GST compliance processes.

Taxpayers are encouraged to review these changes carefully and consult professionals for efficient filing to avoid penalties or errors.

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Key Relaxations and Optional Tables in GSTR-9 and GSTR-9C for FY 2023-24

1. Simplifications in GSTR-9

A. Outward Supplies and Adjustments (Table 5)