CBIC Revamps Annual GST Return GSTR-9; New ITC Disclosures To Make Compliance More Data-Driven

New Delhi: The CBIC has notified changes to the annual GST return form GSTR-9, making the reporting of Input Tax Credit (ITC) more comprehensive.

The Central Board of Indirect Taxes and Customs (CBIC) on September 17 notified changes to the Central GST (CGST) rules, which will come into effect on September 22 and apply to annual returns filed for the 2024-25 fiscal.

GST registered Taxpayers with aggregate turnover above Rs 2 crore are required to file GSTR-9.

AMRG & Associates Senior Partner Rajat Mohan said the government has revamped the annual GST return (Form GSTR-9).

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"Revised structure of form makes it far more detailed, with new tables covering reversals under Rules 37, 37A, 38, 42 and 43, re-claims in subsequent years, transitional credits, import-related ITC, and auto-populated mismatches," Mohan said.

Professionals and corporates will need to wait for the revised forms and utilities from GSTN before implementing these changes in practice.

"Going forward, this measure underscores a more data-driven and preventive compliance regime, which may reduce litigation but requires disciplined documentation at the entity level," Mohan added.

Following the change, taxpayers and professionals to undertake deeper reconciliations of GSTR-3B, GSTR-2B, and financial accounts.

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"By embedding these disclosures upfront, the system aims to save taxpayers from flimsy or avoidable notices, as departmental officers will have a ready-made audit trail in the annual filing," Mohan noted.

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