As per rule 80 in the CGST Rules, 2017, all the business* that are registered under CGST Rules, 2017 is required to file GST Annual Return for each fiscal year prior to the 31st of December of the following financial year. Thus, the date for filing GST Annual returns for FY 2021-22 is 31/Dec/2022.
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Forms that can be used to file GST annual tax returns.
Form GSTR-9 is to be used to file GST annual returns. It is for taxpayers registered as regular taxpayers, SEZ units and SEZ developers. Taxpayers are required to submit specific details about their sales and purchases, along with credit for tax-free inputs and refunds requested or generated. on these tax returns.
GST Annual Return is compulsory?
Gst Annual returns must be submitted by every taxpayer whose total revenue is more than 2 crore in INR per year. But, GSTR 9 is exempt for taxpayers whose revenue is less than that amount INR two crore. Furthermore self-certified statements for GSTR 9C has to be filed by taxpayers whose total turnover exceeds INR 5 crore.
Gst Annual tax Exemption Notification
Vide Notification No. 31/2021-Central Tax Day: 30th July 2021. CBIC is exempt for any person who is registered and whose total turnover is less than Rs.2 Crore in to the year fiscal 2020-21 and onwards.
How do submit a Gst Annual Return?
Login to GST and Navigate to Form GSTR-9 – Annual Return for Normal Taxpayer.
Download Form GSTR-1, Form GSTR-3B and Form GSTR-9 Summary.
Enter details in various tiles.
Preview Draft Form GSTR-9 Summary.
Compute Liabilities and the payment of late fees, if any.
Preview Draft Form GSTR-9.
Complete Form GSTR-9 using DSC or EVC
GSTR is expensive If it’s late-filed
In conformity with the provisions of Section 47(2) of the Central Goods and Service Tax Act (2017) in the Central Goods and Service Tax Act (2017) in the Central Goods and Service Tax Act (2017), a business can be penalized by the penalty in the amount of INR 100 per day in accordance with the CGST Act + INR 100 per day for SGST) of the Act until GST returns are completed.
The total amount for default is INR 200 per calendar day in case of default. This is amount to 0.25 per cent of the overall income for the payer.
FAQ on GST Annual Return (Source from Gst.Gov.in)
Q 1. What is Form GSTR-9?
Ans. Form GSTR-9 is a form for the annual return, which is required to be filed every fiscal year and is filed by taxpayers as regular taxpayers. This includes SEZ units and SEZ developers. The taxpayers are required to provide information regarding the sale, purchase credits for input tax or refunds requested, demand-based, etc.
Q 2. Who must submit an annual return on the GSTR-9 Form?
Ans. Form GSTR-9 must be filled out by anyone who is registered as a regular tax payer this includes SEZ units as well as SEZ developer and taxpayers who have switched their tax status by switching from the composition scheme regular taxpayer at any point during the fiscal year.
Note:
- Composition taxpayers can make an Annual Return using Form GSTR-9A.
- Annual Returns do not have to be filed to be completed by non-resident taxpayers, or individuals who are not regular taxpayers. Residents taxpayers ISDs.
Q 3. What is the difference between GSTR-9C and Form GSTR-9?
Ans. Form GSTR-9 has to be filed by all taxpayers who are classified as a regular taxpayer. Certain categories of taxpayers are exempt from filing the Form GSTR-9 by way of Notifications issued by the Government of India from time to time.
Form GSTR-9C must be completed by each taxpayer with a turnover that exceeds Rs.5 Crore during the financial year, as stated in notifications issued by the Government of India from time to time. The taxpayers are required to be able to have their accounts reviewed and self-certified along with reconciled statements by the owner of the company and must provide an audited account of their annual income and an reconciliation statement.
Q 4. Do you need to fill out the GSTR-9 Form?
Ans. It is mandatory to file Form GSTR-9 for regular taxpayers.
Q 5. I’m a normal or regular taxpayer, part-time or composition taxpayer for a portion during the year. Do I need to submit Form GSTR-9 as well as Form GSTR-9A?
Ans. It is required to fill out both Form GSTR-9 as well as Form GSTR-9A in the proper timeframes of those period you have been switched over.
Q 6. I had my registration canceled in the financial year. What do I have to do in order to submit Form GSTR-9?
Ans. The tax return for the year is mandatory regardless of the fact that the taxpayer’s registration cancelled during the year in the year in question.
Q 7. I’ve decided to use this composition plan for my current fiscal year. Do I need to fill out a GSTR-9 form?
Ans. Taxpayers who opt for the composition plan must fill out Form GSTR-9 for the period you were as a regular taxpayers.
Q 8. I had composition plan for the previous financial year. Do I need to complete the GSTR-9 form?
Ans. Taxpayers who opted in the composition scheme during the year following the financial year are required to fill out Form GSTR-9 in which they have paid tax at the regular rate.
Q 9. What are the requirements to fill out Form GSTR-9?
Ans. The prerequisites for filing Form GSTR-9 comprise:
- Taxpayers require an active GSTIN for the entire fiscal year, as regular taxpayers even for a day.
- The taxpayer has filed all tax returns relevant to the taxpayer i.e. Form GSTR-1/IFF and Form GSTR-3B for the relevant fiscal year prior to the filing of their Annual Return.
Q 10. Do I need to file a zero GSTR-9 form?
Ans. A Form GSTR-9 with the suffix not filed can be filed the financial years of your company in the event that:
- No supply was made externally (commonly known as sale) and
- I haven’t received any items or services (commonly known as purchase) or
- There are no other obligations to report.
- I have not yet claimed any credit. and
- I have not requested any refund. and
- No order has been received that could create demand.
- The late charge isn’t due and must be paid, or else.
Q 11. Where can I complete the GSTR-9 Form?
Ans. Enter your Services tab, and then the Returns tab. Returns. Click Annual Return to fill out Form GSTR-9.
Q 12. Do you have an Offline Tool for filing Form GSTR-9?
Ans. Yes. Form GSTR-9 returns are able to be completed with the offline tools. Click ate TeamIndia.co.in for details.
Q 13. What is the deadline to file my GSTR-9 Form?
Ans. The deadline to file Form GSTR-9 within a specific fiscal year falls on the last day in December of the subsequent financial year or when extended by the government through announcements periodically.
Q 14. The deadline for filing GSTR-9 form extends?
Ans. Yes, the deadline for filing the Form GSTR-9 has been extended by the government via announcement.
Q 15. The GSTR-9 form has been filed and must be completed at the level of the entity and the GSTIN?
Ans. Form GSTR-9 returns must be submitted to be filed at GSTIN amounts i.e. each registration. If a taxpayer is registered with multiple GST registrations with the same PAN, within the same state, or in different States the taxpayer has to submit annual return for each registration in a different manner, in the event where GSTIN is registered under the status of a normal taxpayer for GSTIN is registered as a regular taxpayer for certain times of the financial year or throughout the financial year.
Q 16. I haven’t completed all my mandatory return(s)and statement(s) during the period of the year. But, am I still eligible to file the annual return but not file the appropriate return(s)or statement(s )?
Ans. No. You’re not eligible to complete a return on Form GSTR-9 if failed to file Form GSTR-1 or Form STR-3B in all pertinent period of the year’s financial reporting.
Q 17. What Tables on Form GSTR-9 contain the data have to be filled in?
Ans. The information should be recorded on the form GSTR-9, which can be located in Tables 1 & 2.
1.Details regarding advances both outward and inward throughout the year in which tax is due.
to look up or enter the summaries of both inward and outward supply that was created in the financial year.
2.Details of outward supplies which were made during the fiscal year , for which there is no tax dueto view the summaries of supplies outward that are not tax-deductible within the fiscal year.
3.Details on ITC available throughout the year.To view or access the report on ITC that was utilized during the year of financials.
4.Details on ITC that are not eligible or reversed. ITC for the fiscal year.For access to or a review of the complete list of ITC that are ineligible or reversed for the fiscal year of financials.
5. Related ITC related information. Access or review the ITC available throughout the financial year.
6.Details about tax sums in returns filed in throughout the fiscal year. For the purpose of entering or review all tax (including interest penalties, late fee Penalty and other) that was paid in the fiscal year.
7. 10,11,12, and 13 Specifics of transactions in the previous year which will be reported in the following Financial Year: To open/ read the transaction report which will be reported in the financial year to come in the following year.
8. The tax on differential in the account of declarations in table. 10 , 11 and 10: to review or enter the tax amount due on transactions reported in the year ahead.
9. Specifics of Returns and Demands for entering/viewing the details of refunds and requests in throughout the year.
10. The supply is received from Composition taxpayers, and are deemed supply by the worker and the goods are shipped according to an approval process To find the list of all the items received from Composition taxpayers, as also deemed supply supplied by the worker in connection with the job and the products supplied to the customer on an approved basis
11. HSN smart summary of Outward Supplies . To viewor download HSN comprehensive summary of items that were sent out throughout the year.
12. Summary of HSN’s Inward Supplies Access or view the HSN helpful summary of inward supplies received during this fiscal year.
Q 18. Do I need to enter the most current data in every table on Form GSTR-9 before the date of filing?
Ans. You are required to provide the details and keep it up to date in only tables that relate to your business
Q 19. What forms on Form GSTR-9 include auto-populated information from GSTR-1 filed forms or GSTR-3B Form?
Ans. The tables below in Form GSTR-9 contain auto-populated data that is derived from the previously filed Form GSTR-1 as well as Form GSTR-3B for the fiscal year that is in question:
- 4. Information about advances, outward and inward supplies that were made during the fiscal year during the year that tax due is due
- 5. Information on outward supplies made during the year of financial records in where tax has not been paid
- 6A The amount of tax in-put credit that is claimed by completing GSTR-3B FORM (sum all of the Table 4A in the Form GSTR-3B)
- 6G- Tax Credits for input received from ISD
- 6K- Transition credits as of TRAN I (including revisions, if necessary)
- 6L-Transition Credit via TRAN-II
- 9. Tax information as contained in tax returns submitted during the financial year of the year.
Q 20. Which of the tables on Form GSTR-9 is auto-populated with information that is derived from Form GSTR-2A?
Ans. Below the table on Form GSTR-9, it is auto-populated using information, which is that is derived from Form GSTR-2A, the year’s fiscal year that was relevant.
- Table number. 8A ITC in accordance with GSTR-2A (Table 3 and 5 of)
Q 21. Can I change the auto-populated data on Form GSTR-1 and GSTR-3B of GSTR-9?
Ans. Yes, you’re capable of editing auto-populated data from GSTR-1 and GSTR-3B filed on Form GSTR-9 except for the following tables:
- Table number. 6A The total value of tax credits on inputs that are available when filling out the GSTR-3B FORM (sum of the Table 4A of the FORM GSTR-3B)
- Table number. 8A ITC in accordance with GSTR-2A (Table 3 and 5 of)
- Table number. 9: Information regarding tax paid on tax returns filed for the financial year (Except the column for tax due)
Q 22. Do I have to enter two-digit codes for HSN on the form GSTR-9?
Ans. Yes, you’re capable of entering two-digit codes for all HSN codes beginning with code 99 on the GSTR-9 form.
Note for HSN codes that start with 99, you aren’t required to provide UQC and Qty details.
Q 23. Can I enter negative amount in Form GSTR-9?
Ans. Yes, you’re able to write negative number on Form GSTR-9.
Q 24. Are I able to download the capability to download computer-generated values using Form GSTR-9?
Ans. Taxpayers can download the calculated figures for GSTR-9 in PDF format. This allows taxpayers to use the figures as a information when filling out GSTR-9 form.
Q 25. Does a condensed Summary of Form GSTR-1 available to tax returns filed during the fiscal year?
Ans. Yes. A concise overview of all GSTR-1 reports for the year of the relevant fiscal year can be downloaded as PDF files.
Check out the tab Services > > Returns and Returns Form GSTR-9 (PREPARE ONLINE) Then, download the Summary of GSTR-1 (PDF) option.
Q 26. The combined summary of Form GSTR-3B is available for tax the returns that were made during the fiscal year?
Ans. Yes. Condensed versions of each returns filed on Form GSTR-3B for that year’s fiscal year can be downloaded in PDF format.
Click on the tab Services returns and return Form GSTR-9 (PREPARE on-line) > Download GSTR-3B Summary (PDF) option.
Q 27. Can I download the details of Form GSTR-2A , which uses to compute values from Table 8A of the GSTR-9 Form?
Ans. Taxpayers can download the specific information for their document of Form GSTR-2A which was used to determine of the value for table 8A on Form GSTR-9 as well as the information in Excel format. The data for Table B2B and B2BA as well as the CDNR and CDRA are included in the excel file download. This will assist taxpayers with reconciling the values of table 8A and will assist with complete the form GSTR-9.
Log in to through the menu Services, click Refunds and Returns, and then the Annual Return Form GSTR-9 (PREPARE ONLINE) > Download Table 8A Document Information option.
Ans. In the event that Excel file is very large Excel files are accessible in several parts so that the documents are able to be downloaded quickly.
Q 28. Which table’s data are listed in the Excel spreadsheet of Form GSTR-2A?
Ans. The table’s information on the tables B2B and B2BA along with CDNR as well as CDNRA are on the Excel spreadsheet, which is available for download. This will assist taxpayers in reconciling the data in Table 8A and aid in filling out the GSTR-9 form.
Q 29. Have I the ability to edit the information once clicking the “Proceed To file” button?
Ans. Yes. You can edit or modify the information before submitting Form GSTR-9. However, the information that is auto-populated cannot be edited for the fields below.
* Table No. 6A Tax credits total for inputs that are available through the Form GSTR-3B (sum total of Table 4A of Form GSTR-3B)
*Table number. 8A ITC based on the form GSTR-2A (Table 3 , 5 and 3 of).
Table Number. 9. (Except the column for tax due)
Q 30. What happens next once when the COMPUTE LIABILITIES button is clicked?
Ans. when the click of the COMPUTE LIABILITY click, data included in various tables is processed by GST Portal at the back end. The late fees, in the event that they are any and , if they exist are determined. The late fee is calculated based on the delay that is caused by filing annual tax returns after the due date.
Q 31. Is there a charge for late GSTR-9 submission?
Ans. Yes, there is a late fee for filing Form GSTR-9 that is filed after the deadline.
Q 32. What time will it be before be the “Late fee payable and paid” tile on Form GSTR-9 become active?
Ans. Once Form GSTR-9 has been completed, it is ready to file, liabilities are estimated at 19. Late fee is due as well as the tax tile is provided for the filing of Form GSTR-9 by the taxpayer.
Q 33. Do I have the ability to file the form GSTR-9 without having to pay late fee (if there is a need to pay)? )?
Ans. No. Form GSTR-9 can’t be completed without paying the late fees associated with Form GSTR-9 even the date you file it or before the due date.
Q 34. Is it possible for me to make a payment that is different from what is due for late fees (if it is appropriate) on the GSTR-9 form?
Ans. After you have completed your tax return with Form GSTR-9, you will receive a hyperlink to access the GST DRC-3 form GST DRC-3 for making tax payments and other tax payments in the event that they are applicable. Additional payment can be made using GST Form DRC-3 GST DRC-3, only making use of the Electronic Cash Ledger.
Q 35. On Form GSTR-9, can other liabilities not previously reported on Form GSTR-3B be reported?
Ans. Additional liabilities that weren’t previously reported in the filing of Form GSTR-3B can be reported on the Form GSTR-9. The additional liability declared on Form GSTR-3B are required to be paid through GST DRC-03. GST DRC-03.
Q 36. Do I have the right to claim and report non-made ITC in the Annual Report?
Ans. No. You cannot claim ITC through the submission of Form GSTR-9.
Q 37. What do I do if the amount of cash in my Electronic Cash Ledger is less than the amount required to cover the debts?
Ans. The cash balance available at the time of opening the Electronic Cash Ledger is shown to the taxpayer in the “Cash Ledger Balance” table. If the balance of cash available within the Electronic Cash Ledger is less than the amount required to meet the obligation, any cash required to pay taxpayer, it is shown in the “Additional Cash Required” column. You can issue the challan for payment of additional cash at the click of”CREATE CHALLAN” Create CHALLAN option.
Q 38. If the “FILE GSTR-9” button gets activated?
Ans. This File option is activated only if you’ve installed
- There isn’t any additional money (which) is required for the late fee, in case they are any.
- Clicked on the “Preview draft GSTR-9 pdf’ hyperlink to examine the data you’ve entered.
- You’ve clicked on the declaration checkbox, and then selected the name of the signatory who is authorized by selecting the option.
Q 39. Do I have to be able to click “Preview Draft GSTR-9 Excel” button to activate “FILE GSTR-9” button?
Ans. It is not necessary that you click on “Preview Draft GSTR-9 Excel” or click the “Preview Draft GSTR-9 Excel” button in order to activate the “FILE GSTR-9” button for making your return.
Q 40. What are the procedures for filling out GSTR-9 Form?
Ans. You can submit Form GSTR-9 with the help of DSC along with EVC.
(a) Digital Signature Certificate (DSC)
Digital Signature Certificates (DSC) are the digital versions (that is available in electronic format) of physical or paper certificates. Digital certificates can be displayed electronically in order to verify the identity of an individual and access services or information via the Internet or to authenticate certain documents electronically. In the country is India, DSC are issued by certified Certifying Authorities.
It is important to note that the GST portal will accept only PANs for classes II and III DSC.
(b) Electronic Verification Code (EVC)
It is the Electronic Verification Code (EVC) authenticates the users’ identity on GST Portal. GST Portal by producing an OTP. This OTP will be sent to the registered mobile number by the mobile of the Authorized Signatory, who has filled in the information in the Part A of the Registration Application.
Q 41. I’m receiving an alert notification which indicates that the records are either being processed, or not being processed correctly while filling the form GSTR-9. What should I do?
Ans. If the data (or information submitted during the filling-out of GSTR-9 form) are being processed incorrectly or are processed on another side of the line A message of caution is displayed. If the records are still in processing, be patient until processing is complete within the background. If records are processing incorrectly, go Back to the Form GSTR-9 and make the necessary changes to the records and make corrections.
Q 42. Are I given the possibility to look over Form GSTR-9 before to the filing date?
Ans. Yes, you’ll be capable of downloading or viewing the draft of the Form GSTR-9 in PDF as well as Excel format after clicking on the ‘PREVIEW DRAW GSTR-9 (PDF) and PREVIEW DRAFT (EXCEL) before making the Form GSTR-9 public through the GST Portal. GST Portal.
Q 43. Can I revise Form GSTR-9 return after filing?
Ans. It is impossible to modify Form GSTR-9 once you have filed it.
Q 44. What happens once the GSTR-9 form has been completed?
Ans. After Form GSTR-9 is completed:
- ARN is generated after the accomplishment of filing the return using Form GSTR-9.
- An SMS and an email is sent to the taxpayer’s mobile number via his registered mobile and the email address.
- Electronic Cash Ledger, as along with an electronic liability register Part-I will get updated on the successful set-off of liabilities (Late fee only)..
- GSTR-9’s file is available to download and view in PDF and Excel format.
The month of December 2022, is for GST annual return deadlines to file your FY 2021-22 tax return. We can be reached for questions regarding your GST and annual return.
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