What is GSTR 9 annual return?

GSTR 9 form is an annual return which is required to be filed once in a year by every registered taxpayers under GST. It consists of details regarding the supplies made and received during the year under different tax heads i.e. CGST, SGST and IGST.

Who should file GSTR 9 annual return?

All the registered taxable persons under GST must file GSTR 9 form. However, the following persons are not required to file GSTR 9.

  • Taxpayers who has opted for Composition scheme are required to file GSTR-9A
  • Casual Taxable Person
  • Input service distributors
  • Non-resident taxable persons
  • Persons paying TDS under section 51 of GST Act.

What are different types of annual returns?

There are 4 types of annual returns:

  • GSTR 9: GSTR 9 is required to be filed by regular taxpayers filing GSTR 1, and GSTR 3B.
  • GSTR 9A:GSTR 9A is required to be filed by persons registered under composition scheme under GST.
  • GSTR 9B:GSTR 9B is required to be filed by e-commerce operators who have filed GSTR 8during the financial year.
  • GSTR 9C: GSTR 9C is required to be filed by the taxpayers whose annual turnoverexceeds Rs 2 crore during the financial year. All such taxpayers are also required to get their accounts audited and file a copy of audited annual accounts and reconciliation statement of tax already paid and tax payable as per audited accounts along with GSTR 9C.

What is the due date of GSTR-9?

GSTR-9 due date is on or before 31st December of the subsequent financial year.

However for FY 2017-18, the due date for filing GSTR 9 is 30th June 2019, which was discussed in the 31st GST Council meeting held on 22nd December, 2018 stating further extension for filing GSTR-9, GSTR-9A and GSTR-9C upto 30th June 2019.

For FY 2018-19 the due date for filing GSTR 9 is 31st December 2019.

What is the Penalty for the late filing of GSTR-9 form?

Late fees for not filing the GSTR 9 within the due date shall attract a late fee of INR 200 per day (INR 100 for CGST and INR 100 for SGST; there is no late fee for IGST) during the period of failure, subject to a maximum of 0.25% of the applicable financial year’s turnover.

FAQs

1. What is GST return filing?

A return is a document containing details of income which a taxpayer is required tofile with the tax administrative authorities. This is used by tax authorities to calculate tax liability. Under GST, a registered dealer has to file GST returns that include: Purchases.

2. What are the returns to be filed under GST?

There are various types of returns required to be filed under GST For example: GST 1, GST 3B.

3. Is it compulsory to file GST return?

Filing Quarterly GST Returns. If your business is too small to cope with monthly returns, you can opt for the composition scheme. To qualify, you can only sell goods. Under these rules, you only have to file a quarterly GST return, but unfortunately, you can’t claim input credits.

4. Can GST returns be revised?

There is no concept of revision of returns under the GST regime. However, you can change the invoice through a supplementary invoice or debit or credit notes in subsequent invoices.

5. I got my registration cancelled in the financial year say FY 2017-18. Do I still need to file Form GSTR-9?

Yes, the annual return needs to be filed even if the taxpayer has got his registration cancelled during the said financial year.

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Ishita is a young woman entrepreneur and currently the Operations Director at ebizfiling India Private Limited. In her entire career so far, she has led a team of 50+ professionals like CA, CS, MBAs and retired bankers. Apart from her individual experience on almost every facet of Indian Statutory View Full Profile

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