The GSTR-9 form for FY 2023-24 is now active on the GST portal, bringing some important updates to the mandatory and optional tables. Here’s what you need to know to stay compliant and file smoothly:
Key Mandatory and Optional Table Updates
🔹 Table 4: Details of All Taxable Supply
- Mandatory with a new Table G1 added.
- Reporting in 4I, 4J, 4K, 4L is now mandatory (was previously optional).
🔹 Table 5: Details of All Non-Taxable Supply
- Reporting in 5H, 5I, 5J, 5K is now mandatory (was previously optional).
- Non-GST supplies (5F) must be reported separately.
- Option to either report exempted and nil-rated supplies separately or as a consolidated exempted row.
🔹 Table 6: Break-up of ITC Availed through GSTR-3B – Mandatory
🔹 Table 7: ITC Reversal Details – Optional (7A, 7B, 7C, 7D can be added in 7H).
🔹 Table 8: Reconciliation
- Now based on GSTR-2B instead of GSTR-2A.
🔹 Table 9: GST Paid and Payable
🔹 Tables 10-13: Adjustments for FY 2023-24 (can be reported till 30th November 2024).
🔹 Table 14: Differential Tax Paid – Mandatory if applicable.
🔹 Table 15: Demand & Refund – Completely Optional (Recommended to skip).
🔹 Table 16: Purchase from Composite Taxpayers, Deemed Supply, Goods on Approval – Optional (Recommended to skip).
🔹 Table 17: HSN-wise Summary of Outward Supplies
- Mandatory for businesses with AATO over ₹5 Crore (all supplies).
- For AATO up to ₹5 Crore, mandatory for B2B supplies only.
🔹 Table 18: HSN-wise Summary of Inward Supplies – Optional (Recommended to skip).
Plan Ahead and Avoid Last-Minute Stress
With these new requirements in place, it’s essential to review your data and prepare accordingly. Take advantage of the optional tables only where necessary to streamline your filing. File early to ensure compliance and avoid penalties!