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TaxSavvy for gstr 9
GSTR-9 due? Close the GST year cleanly.
We tie GSTR-9 to your books and fix gaps before you file.
If you wait: Late fee from ₹50 a day, capped at 0.04% of turnover for most (CGST Sec 47(2))
How we get it done
Four steps, the same for every job. You see each one ticked.
Information
Audited or final books for year. All GSTR-1, 1A, 3B filed
Discussion
Was aggregate turnover above ₹2 crore for the year?. Are all monthly returns filed, and any still pending for the year?
Forms
Reconcile books with GSTR-1, 1A, 3B and 2B for the full year. Claim any pending ITC of the year before the Sec 16(4) cut-off, then file GSTR-9
Deliverables
Filed GSTR-9 with ARN. Year-end GST reconciliation workbook
See what you get, free
Real formats, made with dummy data.
Sample Sample ₹30,700 leaking every month
Sample Books from your bank statement
13 bank lines, books balanced
Questions, answered the CA way
Facts, Provisions and law, Analysis, Conclusion.
GSTR-1: Outward Supplies Return (Due 11th)
- Facts
- GSTR-1 is the source of truth for the GST system. It feeds your customers' GSTR-2B, which they use to claim ITC. File it wrong or late, your customers lose ITC credit, they call you, you lose the client. Every B2B invoice must be declared invoice-by-invoice.
- Provisions and law
- Sec 37; Rule 59; Sec 37(3); Rule 59(6); Notification 89/2020
- Analysis
- What goes in GSTR-1 table by table: Table 4A: B2B invoices (every invoice to a GSTIN holder, must have buyer's GSTIN, invoice number, date, taxable value, GST amount). Table 5: B2C interstate invoices above ₹2.5L (state-wise). Table 6: Exports, type of export, shipping bill number if zero-rated. Table 7: B2C supplies (domestic, below ₹2.5L interstate or any intrastate). Table 8: Nil-rated/exempt/non-GST supplies. Table 9/10: Amendments to previous months' invoices. Table 11: Advances received. HSN summary (Table 12): If turnover above ₹5Cr: 6-digit HSN mandatory. ₹1.5Cr to ₹5Cr: 4-digit HSN. Below ₹1.5Cr: 2-digit HSN. From FY 2021-22: all B2B invoices must carry HSN/SAC code. Wrong HSN = input GSTR-2B data for buyer is wrong → buyer's ITC is blocked. Why GSTR-1 accuracy matters for your client: Every B2B invoice you declare in GSTR-1 flows into your buyer's GSTR-2B automatically.
- Conclusion
- Compile all outward invoices for the month: B2B (with buyer GSTIN), B2C, exports, debit/credit notes
- Verify every B2B invoice has: correct buyer GSTIN, correct invoice number/date, correct HSN/SAC, correct tax amount
- Check: any amendments needed to previous months' invoices? Declare in Table 9/10
- Check: any exports in the month? Attach shipping bill number and Bill of Lading details
The 7 patterns that generate 80% of all notices
- Facts
- 1. AIS not reconciled before filing: Annual Information Statement has 50+ data categories. Any item in AIS not in your ITR = guaranteed notice. Download AIS before filing every year.
- Provisions and law
- AIS (Sec 285BB, now 510) | SFT (Sec 285BA) | GSTR-2B | 26AS (now Form 168)
- Analysis
- 2. TDS mismatch: Your Form 16 (now Form 130) shows ₹2L TDS but 26AS (now Form 168) shows ₹1.9L deposited. File ITR with 26AS (now Form 168) figures, not Form 16 (now Form 130), and follow up with employer to correct the mismatch. 3. High-value cash deposits: ₹10L+ in savings account in a year gets reported via SFT. If you can't explain the source with documented income, you'll get a notice. 4. GSTR-2B not reconciled: Claiming more ITC than GSTR-2B shows = ITC reversal notice + 18% interest. 5. Capital gains not reported: MF redemptions, stock sales, property sale, all reported via SFT. Missing these = notice. Include all in Schedule CG. 6. Rental income not declared: Bank SFT now catches rent payments above ₹50K/month. Tenants' AIS shows rent paid. Your AIS shows rent received. If it's not in your ITR, you get a notice. 7. Cash transactions above ₹2L: Sec 269ST. Receiver of ₹2L+ cash in one transaction faces 100% penalty on the amount.
Freelancer with Foreign Clients: Tax, GST, and FEMA Complete
- Facts
- India-based freelancer earning from US/UK/UAE clients: three compliance layers. Income Tax: declare foreign income, pay at slab rate. GST: export of services = zero-rated, but registration needed. FEMA: receive payment in USD via AD bank, convert within stipulated time. Get all three wrong and you have an IT notice, a GST notice, and an RBI violation.
- Provisions and law
- Sec 58 (old 44ADA); GST, Zero Rated Export; FEMA, EEFC; Sec 393 (old 195), No TDS
- Analysis
- GST myth: Many freelancers think they must charge 18% GST to foreign clients. Wrong. Export of services = zero-rated. Charge 0% GST. File LUT (Letter of Undertaking) once per year on GST portal. No GST collected from foreign client. No refund to claim. FEMA receipt deadline: Invoice raised March 1: payment must reach India by November 30 (9 months). If client delays: apply to RBI for extension. Funds beyond 9 months without RBI approval = FEMA violation. Currency conversion timing: Income recognized when received (not invoiced). Use RBI rate on date of receipt. If received in EEFC account: recognized when converted to INR. Keep EEFC account if you have USD expenses (cheaper than converting both ways). The new regime advantage for freelancers: Foreign income ₹30L → Sec 58, Income-tax Act 2025 (old Sec 44ADA): ₹15L taxable → new regime tax ≈ ₹2.1L. Old regime with Sec 123 (old Sec 80C): ₹13.5L taxable → tax ≈ ₹2.5L.
- Conclusion
- Determine if profession is in Sec 58 (old Sec 44ADA) specified list (IT, consultant, designer, generally yes)
- Open EEFC account at your bank for direct foreign currency receipt
- File LUT (Letter of Undertaking) on GST portal before raising first foreign invoice
- Raise invoice in USD to foreign client, zero GST charged
Freelancer ITR: ITR-3 vs ITR-4, and Section 58 (old 44ADA)
- Facts
- Freelancers and independent professionals have two ITR routes. ITR-4 with Section 58, Income-tax Act 2025 (old Sec 44ADA; presumptive): declare 50% of gross receipts as income, pay tax on that, file a simple return, no books of accounts needed. ITR-3 with actual books: claim all real expenses, potentially lower taxable income but requires proper accounting. The choice saves or costs ₹50,000-₹2,00,000 per year depending on actual expense ratio.
- Provisions and law
- Sec 58 (old 44ADA); Specified professions; Sec 58 (old 44ADA(4)); Sec 63 (old 44AB); Sec 62 (old 44AA)
- Analysis
- Sec 58 (old Sec 44ADA) vs actual books, the calculation: Gross receipts ₹18L/year. Actual expenses: laptop ₹1.2L, internet ₹36K, software ₹60K, travel ₹80K, co-working ₹1.2L. Total actual expenses ₹3.96L. Actual profit = ₹18L − ₹3.96L = ₹14.04L. Under Sec 58 (old Sec 44ADA): taxable income = 50% × ₹18L = ₹9L. Tax on ₹9L vs ₹14.04L = significant difference. Sec 58 (old Sec 44ADA) gives ₹9L taxable income. Actual gives ₹14.04L. Sec 58 (old Sec 44ADA) WINS here, even with expenses, actual income is higher than 50%. Always compute both. When actual books (ITR-3) wins: If your real expenses are > 50% of receipts: ITR-3 with actual books gives lower taxable income. Example: receipt ₹20L, actual expenses ₹12L → profit ₹8L. Sec 58 (old Sec 44ADA): 50% × ₹20L = ₹10L taxable. ITR-3 actual: ₹8L taxable. ITR-3 wins. Break-even: if expenses > 50% of receipts → go actual. If expenses < 50% → Sec 58 (old Sec 44ADA) wins (simpler too). Who qualifies for Sec 58 (old Sec 44ADA): "Specified profession" list is exhaustive.
- Conclusion
- Check: is your profession in the Sec 58 (old Sec 44ADA) specified list? Legal, medical, engineer, architect, CA, technical consultant?
- Check: gross receipts ≤ ₹75L AND ≥ 95% received via banking/digital (for extended threshold)
- Compute both: 50% of gross receipts (Sec 58, old Sec 44ADA) vs actual receipts − actual expenses (ITR-3)
- If Sec 58 (old Sec 44ADA) gives lower income: use ITR-4 with Sec 58 (old Sec 44ADA), simpler, no books needed
GSTR-9 due? Close the GST year cleanly.
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