Registered taxpayers can preview their GSTR-9 information before filing it on the GST portal. The portal offers an option to download the draft GSTR-9 in Excel format, allowing taxpayers to cross-check details before making the final submission. This article explains how to access and review the GSTR-9 draft and highlights the importance of verifying the data before filing.
What is the GSTR-9 Draft?
The GSTR-9 draft is a preliminary version of the annual return available for download on the GST portal. It serves as a verification tool, enabling taxpayers to review all entered data in an Excel format before submission. This step ensures accuracy and minimizes the risk of errors or discrepancies in the final filing.
Structure of GSTR-9 Draft in Excel
The GSTR-9 draft consists of six key sections covering all relevant transaction details. Below is a breakdown of its format:
- Basic Taxpayer Information – Contains the taxpayer’s details such as GSTIN and trade name.
- Supply Details – Includes data on inward and outward supplies made during the financial year.
- Input Tax Credit (ITC) Details – Captures ITC claimed through returns filed in the financial year.
- Tax Payment Summary – Displays tax payments made based on filed returns.
- Previous Year Adjustments – Lists corrections for past-year transactions declared from April to September of the current year.
- Additional Details – Covers refunds, demands, late fees, HSN summary, deemed supplies, etc.
Why Reviewing GSTR-9 Before Filing is Essential
Filing GSTR-9 correctly is crucial to avoid penalties and scrutiny by tax authorities. Errors, missing details, or discrepancies can lead to complications and potential fines. Reviewing the draft GSTR-9 in Excel ensures compliance with GST regulations and provides an opportunity to rectify any mistakes before final submission. We provide many services like GST registration, GST refund services, GST return filing, & GST Cancellation Services.
Steps to View and Download GSTR-9 Draft in Excel Format
Follow these steps to access and review your GSTR-9 draft:
Step 1: Log in to the GST Portal
Visit www.gst.gov.in and securely log in using your credentials.
Step 2: Access the Dashboard
Once logged in, navigate to the ‘Annual Return’ section to proceed.
Step 3: Select the Financial Year
Choose the applicable financial year (e.g., 2022-23) for which you are filing GSTR-9.
Step 4: Begin GSTR-9 Preparation
Click on ‘Prepare Online’ to initiate the return filing process.
Step 5: Specify Nil Return Status
Indicate whether you are filing a Nil Return by selecting ‘Yes’ or ‘No’, then click ‘Next’ to continue.
Step 6: Preview Draft GSTR-9 in Excel
Locate the ‘Preview Draft GSTR 9 – Excel’ option at the bottom of the page to generate the draft.
Step 7: Download the Excel File
Click ‘Preview Draft GSTR 9 – Excel’, then select ‘Click here to download Excel – File 1’ to obtain the draft document.
Once downloaded, thoroughly review the file to ensure all details are accurate before proceeding with the final submission.
Frequently Asked Questions (FAQs)
1. What is the purpose of the GSTR-9 draft?
The GSTR-9 draft allows taxpayers to review their return details before final submission, ensuring accuracy and compliance with GST regulations.
2. Is it mandatory to download the GSTR-9 draft?
No, downloading the draft is not mandatory, but it is highly recommended to verify the data before submission.
3. Can errors be corrected in the GSTR-9 draft?
Yes, if discrepancies are found in the draft, taxpayers can rectify them before submitting the final return.
4. What happens if GSTR-9 is filed with errors?
Filing incorrect GSTR-9 may result in penalties, notices, or scrutiny by tax authorities.
5. Is GST applicable on GSTR-9 filing?
No, GST is not levied on GSTR-9 filing. It is an annual return summarizing GST transactions for the financial year.
By following these steps and reviewing the draft GSTR-9, taxpayers can ensure a smooth and error-free filing process. Stay compliant and avoid unnecessary penalties by verifying your return before submission.
