GSTR-9 of FY 2019-20 is available now on GST Portal

As per Information available on GST website GSTR-9 of FY 2019-20 is available now on GST Portal for filing but  Computation of the table 8A of GSTR-9 for auto population from returns is under progress which is likely to be completed soon.  For details Visit-GSTR-9 of FY 2019-20 is available now but without table 8A details

Following detailed questions pertains to GSTR-9 for FY 2019-20 -:

1. Who is required to file GSTR-9 for FY 2019-20?

Every registered person (other than those registered persons whose aggregate turnover in a financial year does not exceed two crore rupees and who have not furnished the annual return before the due date), other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non resident taxable person, shall furnish GSTR-9.

2. Define Aggregate Turnover.

As per Section 2(6) of the CGST Act, 2017, “aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports of goods or services or both and inter-State supplies of persons having the same Permanent Account Number, to be computed on all India basis but excludes central tax, State tax, Union territory tax, integrated tax and cess;

3. What is the due date to file GSTR-9 for FY 2019-20?

Registered Person shall furnish GSTR-9 for on or before the thirty-first day of December following the end of such financial year. Meaning there, the due date to file GSTR-9 for FY 2019-20 is 31^st December, 2020.

4. What is the late fee for delayed filing of GSTR-9?

Any registered person, who fails to furnish the GSTR-9 by the due date, shall be liable to pay a late fee of two hundred rupees for every day during which such failure continues subject to a maximum of an amount calculated at a half per cent of his turnover in the State or Union territory.

5. Which provisions of law governs the provision for GSTR-9?

Section 44 of the CGST Act, 2017 read with Rule 80 of CGST Rules, 2017 governs the provisions for GSTR-9.

6. Which notifications shall be referred for GSTR-9 for FY 2019-20

Notification No. 77/2020 – Central Tax dated 15th October, 2020 read with Notification No. 47/2019 – Central Tax dated the 9th October, 2019.

Circular No. 124/43/2019 – GST dated 18th November, 2019 can be referred for Clarification regarding optional filing of annual return under notification No. 47/2019- Central Tax dated 9th October, 2019.

7. Where to file GSTR-09 on portal?

Login GST portal on gst.gov.in > Services > Return OR Dashboard > Annual Return > Select Financial Year > Prepare Online OR Prepare Offline > Compute Liabilities > Proceed to File > Preview PDF OR Preview Excel > File it with EVC or DSC, as applicable.

8. Registered persons whose aggregate turnover in a financial year does not exceed two crore rupees and who have not furnished the annual return before the due date, can file GSTR-9?

Yes.

It is suggested that Registered persons whose aggregate turnover in a financial year does not exceed two crore rupees and who have not furnished the GSTR-9 before the due date, shall furnish the GSTR-9 and correct the data in it, on or before due date, in cases, where auto populated GSTR-9 is not matching with the books.

The said return shall be deemed to be furnished on the due date if it has not been furnished on or before the due date and data appearing on the portal in auto populated GSTR-9 shall be considered as final.

For any queries, Author can be reached at [email protected]