New Delhi, Sep 18: The Central Board of Indirect Taxes and Customs (CBIC) has notified significant changes to the annual Goods and Services Tax (GST) return form GSTR-9, making Input Tax Credit (ITC) reporting more comprehensive and data-driven. The revised structure will come into effect from September 22 and will apply to annual returns for the financial year 2024-25.
As per GST norms, registered taxpayers with an aggregate turnover above ₹2 crore are required to file GSTR-9.
Tax experts said the revamped form introduces several new disclosure requirements. “The revised structure of the 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,” said Rajat Mohan, Senior Partner, AMRG & Associates.
He added that corporates and professionals will need to wait for the updated forms and utilities from GSTN before implementing these changes. “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 said.
The revamped form will require taxpayers to undertake deeper reconciliations between GSTR-3B, GSTR-2B, and audited financial accounts to ensure accuracy. According to Mohan, the enhanced disclosures aim to reduce unnecessary notices by providing tax officers with a ready-made audit trail in the annual filing itself.
Experts believe the move reflects the government’s continued emphasis on tightening compliance while simultaneously reducing disputes through greater transparency and upfront reporting.
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