A Technical Guide for Goods and Services Tax (GST) Annual Return Form GSTR-9 has been released by the Institute of Chartered Accountants of India (ICAI). Goods and Services Tax (GST) has made the businesses operations revolutionized and revamp taxation in India. GST as a landmark reform in the Indian tax system, facilitates the tax collection and administration, promoting efficiency, transparency, and ease of doing business.
ICAI is significant in easing the same transition for its members. By assisting the start of the technology-driven GST system, ICAI has provided the authority to its members to adapt efficiently. By publishing resources like Background Material, Handbooks, Technical Guides, and Practical FAQs on GST, aimed at aiding professionals and taxpayers, the GST and Indirect Taxes Committee of ICAI has contributed vastly.
Registered taxpayers under the GST system are mandated to furnish the annual returns in Form GSTR-9 to ensure the reporting of their financial transactions. The Technical Guide on GST Annual Return ( Form GSTR-9 ) proposes detailed information about the process of filing, its need, and the steps required for GST provision compliance. The same guide is made for the taxpayers, tax practitioners, and professionals obligated to prepare and submit the GSTR-9 forms with the objective of ensuring legal compliance and reducing the errors of filing.
The GST & Indirect Taxes Committee of the Institute to address updates and modifications in the filing process based on the latest amendments and notifications issued via CBIC, has released the 2nd edition of this Technical Guide, updated as of December 10, 2024.
In its preface, the ICAI mentioned 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.
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, , to contribute insights toward making GST a truly good and simple tax.”
Read official Announcement: https://resource.cdn.icai.org/77133glopac62124-1.pdf
