"Due to this, there are apprehensions that credit which was availed between April 2018 to March 2019 but not reported in the annual return may lapse. For this particular entry, taxpayers are advised to fill in their entire credit availed on import of goods from July 2017 to March 2019 in Table 6(E) of Form GSTR-9 itself," it added.
Issuing the clarification, the ministry further said many taxpayers have reported a mismatch between auto-populated data and the actual entry in their books of accounts or returns.
"It may be noted that auto-population is a functionality provided to taxpayers for facilitation purposes, taxpayers shall report the data as per their books of account or returns filed during the financial year," the ministry said.
AMRG & Associates Partner Rajat Mohan said, "Government has said that auto-population functionality of annual return forms is only for the purposes of taxpayers facilitation, thereby taxpayers need to compute and check all the records before filing of such forms. Government has also clarified that IGST paid at the time of import of goods in financial year 2017-2018 but availed in the returns of April 2018 to March 2019 would not lapse".
Goods and Services Tax (GST), which subsumed over a dozen local levies, was rolled out on July 1, 2017. The annual return GSTR-9 for the first year of GST implementation is to be filed by taxpayers by June 30, 2019.
The ministry had on December 31, 2018, notified the annual returns forms GSTR-9, GSTR-9A and GSTR-9C.
GSTR-9 is the annual return form for normal taxpayers, GSTR-9A is for composition taxpayers, while GSTR-9C is a reconciliation statement.
"All the taxpayers are requested to file their Annual Return (FORM GSTR-9) at the earliest to avoid last minute rush," the ministry added.