GSTR-9 GST Annual Returns: ICAI releases Technical Guide
The transition to GST presented significant challenges for businesses, particularly in understanding the new framework, resolving technical issues, and adapting to compliance requirements
The Institute of Chartered Accountants of India ( ICAI ) has released a Technical Guide for Goods and Services Tax ( GST ) Annual Return Form GSTR-9. The Goods and Services Tax ( GST ) has revolutionized business operations and reshaped taxation in India. As a landmark reform in the Indian tax system, GST has simplified tax collection and administration, promoting efficiency,...
The Institute of Chartered Accountants of India ( ICAI ) has released a Technical Guide for Goods and Services Tax ( GST ) Annual Return Form GSTR-9.
The Goods and Services Tax ( GST ) has revolutionized business operations and reshaped taxation in India. As a landmark reform in the Indian tax system, GST has simplified tax collection and administration, promoting efficiency, transparency, and ease of doing business.
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The Institute of Chartered Accountants of India ( ICAI ) has been instrumental in facilitating this transition for its members. By supporting the implementation of the technology-driven GST system, ICAI empowered its members to adapt effectively. The GST & Indirect Taxes Committee of ICAI has contributed extensively by publishing resources like Background Material, Handbooks, Technical Guides, and Practical FAQs on GST, aimed at aiding professionals and taxpayers.
Under the GST system, registered taxpayers are required to file annual returns in Form GSTR-9 to ensure comprehensive reporting of their financial transactions. The Technical Guide on GST Annual Return ( Form GSTR-9 ) offers detailed insights into the filing process, its requirements, and the steps necessary for compliance with GST provisions. This guide is tailored for taxpayers, tax practitioners, and professionals responsible for preparing and submitting GSTR-9 forms, with the goal of ensuring statutory compliance and minimizing filing errors.
To address updates and changes in the filing process based on the latest amendments and notifications issued by the CBIC, the GST & Indirect Taxes Committee of the Institute has released the 2nd edition of this Technical Guide, updated as of December 10, 2024.
In its preface, the ICAI stated that, “We express our heartfelt gratitude to CA. Ranjeet Kumar Agarwal, President, ICAI, and Vice-President, ICAI, for their steadfast encouragement and support for the initiatives of the GST & Indirect Taxes Committee. Special thanks go to CA. Rishabh Aggarwal for his meticulous review of this publication and to CA. Sanchit Aggarwal for his valuable contributions to its revision. We also acknowledge the efforts of other Committee members who have played a vital role in our endeavors. Additionally, we commend CA. Smita Mishra, Secretary to the Committee, along with CA. Madhav Kumar Jha and CA. Sarthak Palta, for their technical and administrative support in bringing this publication to fruition.
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While every effort has been made to ensure the accuracy and reliability of the information presented, differing interpretations or perspectives may arise. Readers are encouraged to report any unintentional errors or omissions they encounter.
We are confident this publication will serve as a valuable resource, helping professionals fulfill their duties efficiently. Feedback and suggestions are welcomed at gst@icai.in, and we invite readers to visit our website, [https://idtc.icai.org], to contribute insights toward making GST a truly good and simple tax.”
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