Facility to file annual return in Form GSTR-9 for FY 2020-21 is now available. Please ensure that all applicable returns of the said year have been filed before attempting to file the said return.
Following detailed questions pertains to GSTR-9 for FY 2020-21:-
Every registered person (other than those registered persons whose aggregate turnover in a financial year does not exceed two crore rupees), 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.
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;
Registered Person shall furnish GSTR-9 for on or before the thirty-first day of December following the end of such financial year. Meaning thereby, the due date to file GSTR-9 for FY 2020-21 is 31st December, 2021.
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. It is to be noted here that total late fee (including CGST & SGST) is written here. Also, while calculating maximum late fee, “turnover in State” or “turnover in Union territory” as per Section 2(112) of the CGST Act, 2017 shall be referred.
Section 44 of the CGST Act, 2017 read with Rule 80 of CGST Rules, 2017 governs the provisions for GSTR-9.
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 digital Signature Certificate. (DSC), as applicable.
It is suggested that Registered persons whose aggregate turnover in a financial year does not exceed two crore rupees, 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.
For any queries, Author can be reached at [email protected]