2 GSTR 9

GSTR 9

Late Fees On Filing of Annual Return Form GSTR-9 In GST

Goods and Services Tax - Under GST Law late filing of various returns attract levy of late fees as per section 47 of SGST Act. Based on this late fees in delay of filing returns and relevant Notifications listed as below: Late fee under GST Serial No. Particulars Late fee – maximum amount/ per return Notification No. and date Name […]...

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Various Important Reconciliations under Annual Returns – GST Audit Series (Part 8)

Goods and Services Tax - There is a need to pay GST under reverse charge mechanism and then claim the ITC. Compliances like these would require a mandatory reconciliation exercise. The reconciliation statements would be useful for finalisation of books of account, filing of GSTR-9 and GSTR-9C....

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GST & its Annual Return (Form GSTR-9) for FY 2021-22

Goods and Services Tax - 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. Forms that […]...

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Clause by clause analysis of other disclosures in Annual Returns – GST Audit Series (Part 6)

Goods and Services Tax - Table 14 includes differential tax on account of 10 and 11 above. However, there could be a scenario wherein there is a need to reverse the wrongly availed credit in table 12. Since, the annual return provides for payment of taxes, in table 14, liability from table 12 can also be considered in view of the authors....

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GST Annual Return Changes For F.Y. 2021-2022

Goods and Services Tax - For the financial year 2021-22, the Annual return forms have been notified vide Notification No. 14/2022-central tax dated 05.07.2022. Details of FORM GSTR-9 (Annual return for regular taxpayers) FORM GSTR-9 has been divided into six parts containing 19 tables. It is mandatory to file all FORM GSTR-1 and FORM GSTR-3B for the financial yea...

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Request for waiver of late fee/penalty for delay in filing GSTR-9 & GSTR-9C

Goods and Services Tax - Requested to provide one-time amnesty by waiving-off the late fees under section 47 and penalty under section 125 of the CGST Act on filing of Annual Return and reconciliation statement in GSTR-9 & GSTR-9C for the FY 2017-18 to 2020-21. ...

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Reduce late filing fees for Form GSTR 9, GSTR 4 & GSTR 10

Goods and Services Tax - It is earnestly requested to grant a one-time reduction in late fees and waiver of the penalty (wherever applicable) for filing of the Annual Return in Form GSTR 9 for all periods, before notifying this decision and introducing it on the GST Common Portal....

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Request for Extension of Due Dates for Filing of GSTR-9 & GSTR-9C

Goods and Services Tax - AIMTPA made a Request for Extension of Due Dates for Filing of GST Annual Return, GSTR-9 and GSTR-9C – Self Certified Audit to Honorable Smt. Nirmala Sitharaman ji, Finance Minister, Finance Ministry of GOI. AIMTPA Ref:- AIMTPA/033/21-22| Date:- 26-Feb-2022 To, Honorable Smt. Nirmala Sitharaman ji Finance Minister Finance Ministry of GO...

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ICAI seek exemption from levy of late fee on GSTR 9 & 9C

Goods and Services Tax -  CA. Rajendra Kumar P has informed on twitter that In the interest of Trade and Industry Representation has been made by Institute of Chartered Accountants of India seeking exemption from levy of late fee on GSTR 9 and 9C filed on or before March 31, 2022. Currently due Due date of GSTR-9 and GSTR-9C for […]...

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Request to extend due date for submission of FORM GSTR-9, 9A & 9C

Goods and Services Tax - Adverting to finalization of Forms 9, 9A & 9C under the Goods and Services Tax Acts which not only requires reconciliations in the accounts of the Tax Payer but it also requires reconciliations with the accounts of the suppliers and recipients. The time of 13 days available, that too, if we do not consider the intervening holidays is too ...

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Bombay HC dismisses plea for GSTR9/9C due date extension (Read order)

Goods and Services Tax Practitioners’ Association Vs. Union of India (Bombay High Court) - Goods and Services Tax Practitioners’ Association Vs. Union of India (Bombay High Court) On due consideration, we are not inclined to accede to the prayer made by the petitioners that too at this eleventh hour. It is not that the time-limit has not been extended. The initial due date of 31.12.2020...

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Hearing on writ for Extension of due date of GSTR 9 & 9C on 27.10.2020

Confederation Of GST Professionals And Industries Vs Union Of India (Bombay High Court) - Confederation of GST Professionals and Industries Vs Union of India (Bombay High Court) CGPI had filed writ petition for extension of due date of GSTR 9 and 9C before Bombay high court and Honorable High Court has fixed next hearing on  27th October, 2020. FULL TEXT OF THE HIGH COURT ORDER /JUDGEME...

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Applicability of FORM GSTR-9C- AAR cannot decide

In re Andhra Pradesh State Road Transport Corporation (GST AAR Andhra Pradesh) - In re Andhra Pradesh State Road Transport Corporation (GST AAR Andhra Pradesh) 1. Whether the services of APSRTC giving Non Air Conditioned Buses on contract for the occasions of marriages, functions etc, for transportation of employees and students of other organizations/Department, for different p...

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HC allows Filing of GSTR 9 & GSTR 9C without late fees & penalty until further order

All India Federation of Tax Practitioners Vs Union of India (Andhra Pradesh High Court) - All India Federation of Tax Practitioners Vs Union of India (Andhra Pradesh High Court) Petition under Article 226 of the Constitution of India praying that in the circumstances stated in the affidavit filed therewith, the High Court may be pleased to issue an appropriate writ, order or direction pa...

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Look into issue of limited GST Server capacity & find solution: SC

UOI Vs Tax Bar Association (Supreme Court of India) - UOI Vs Tax Bar Association (Supreme Court of India) In the matter of UOI vs Tax Bar Association, Hon’ble Supreme Court through its bench comprising of Hon’ble Justice R F Nariman & Hon’ble Justice Ravinder S Bhatt, at the outset, refused to interfere in order as passed by Hon’ble...

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Central Goods and Services Tax (Third Amendment) Rules, 2022

Notification No. 22/2022–Central Tax, [G.S.R. 817(E).] - (15/11/2022) - Effect given in GSTR 9 for 30th November 2022 (Last Date to Claim ITC for FY 21-22 and Last Date to Amend Invoice Pertaining to FY 21-22) vide Notification No. 22/2022–Central Tax | Dated: 15th November, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS...

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Taxpayers having AATO upto Rs. 2 crores exempted from annual GST return

Notification No. 10/2022–Central Tax [G.S.R. 513(E)] - (05/07/2022) - CBIC exempts taxpayers having AATO upto Rs. 2 crores from the requirement of furnishing annual GST return (GSTR-9) for FY 2021-22 vide Notification No. 10/2022–Central Tax | Dated: 5th July, 2022. Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes and Customs) New Delhi N...

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Due date for Form GSTR-9C, GSTR-9 extended to 28.02.2022 for FY 2020-21

Notification No. 40/2021–Central Tax [G.S.R. 902(E)] - (29/12/2021) - Due date for furnishing annual return in FORM GSTR-9 & self-certified reconciliation statement in FORM GSTR-9C for the financial year 2020-21 has been extended from 31.12.2021 to 28.02.2022 vide Notification No. 40/2021 – Central Tax | Dated: 29th December, 2021. In Addition to that CBIC has n...

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Extend Due Date for filing of Form GSTR 9, GSTR 9A & GSTR 9C

(01/01/1970) - That the due date for submission of Annual Return in Form GSTR-9, 9A and Reconcilation Statement in Form GSTR-9C (self-certified) reconciling the Annual Turnover with audited financial statement is 31st Dec., 2021 for the period from 01.04.2020 to 31.03.2021....

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HGST: Exemption from furnishing Annual GST Return for FY 2020-21

Notification No.62/GST-2 - (10/11/2021) - No.62/GST-2 Notification under the first proviso to section 44 to exempt taxpayers having AATO (Annual Aggregate Turnover) upto Rs. 2 Crores from the requirement of furnishing annual return for FY 2020-21 under the HGST Act, 2017. HARYANA GOVERNMENT EXCISE AND TAXATION DEPARTMENT Notification The 10...

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Recent Posts in "GSTR 9"

Request for waiver of late fee/penalty for delay in filing GSTR-9 & GSTR-9C

Requested to provide one-time amnesty by waiving-off the late fees under section 47 and penalty under section 125 of the CGST Act on filing of Annual Return and reconciliation statement in GSTR-9 & GSTR-9C for the FY 2017-18 to 2020-21. ...

Read More

Late Fees On Filing of Annual Return Form GSTR-9 In GST

Under GST Law late filing of various returns attract levy of late fees as per section 47 of SGST Act. Based on this late fees in delay of filing returns and relevant Notifications listed as below: Late fee under GST Serial No. Particulars Late fee – maximum amount/ per return Notification No. and date Name […]...

Read More

Reduce late filing fees for Form GSTR 9, GSTR 4 & GSTR 10

It is earnestly requested to grant a one-time reduction in late fees and waiver of the penalty (wherever applicable) for filing of the Annual Return in Form GSTR 9 for all periods, before notifying this decision and introducing it on the GST Common Portal....

Read More

Various Important Reconciliations under Annual Returns – GST Audit Series (Part 8)

There is a need to pay GST under reverse charge mechanism and then claim the ITC. Compliances like these would require a mandatory reconciliation exercise. The reconciliation statements would be useful for finalisation of books of account, filing of GSTR-9 and GSTR-9C....

Read More

GST & its Annual Return (Form GSTR-9) for FY 2021-22

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. Forms that […]...

Read More

Clause by clause analysis of other disclosures in Annual Returns – GST Audit Series (Part 6)

Table 14 includes differential tax on account of 10 and 11 above. However, there could be a scenario wherein there is a need to reverse the wrongly availed credit in table 12. Since, the annual return provides for payment of taxes, in table 14, liability from table 12 can also be considered in view of the authors....

Read More

GST Annual Return Changes For F.Y. 2021-2022

For the financial year 2021-22, the Annual return forms have been notified vide Notification No. 14/2022-central tax dated 05.07.2022. Details of FORM GSTR-9 (Annual return for regular taxpayers) FORM GSTR-9 has been divided into six parts containing 19 tables. It is mandatory to file all FORM GSTR-1 and FORM GSTR-3B for the financial yea...

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Headache of HSN Code for GST taxpayers in GSTR-9 for FY 21-22

Arjuna (Fictional Character): Krishna, what is reporting requirement of Inward and Outward Supplies HSN Code in GSTR-9? Krishna (Fictional Character): Arjuna, From FY 2021-22 onwards, it shall be mandatory to report HSN Summary for Outward Supplies in Table 17 at 6 digits for taxpayers having annual turnover in preceding FY above Rs. 5 Cr...

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GSTR 9-Annual Return filing details required under each table

This article is related to GSTR -9 Annual return filing details required under each table. SUMMARY OF GSTR 9 GSTR 9 is an Annual information statement of: – 1. Output tax liability and Outward Taxable value 2. Input credit Availed and Reversed 3. Taxes Payable and Tax paid 4. Input Credit Reconciliation  Details required for [&hell...

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GSTR 9 and 9C – Optional to Mandatory reporting in FY 2021-22

As we are into 1st week of December 2022, the said month assumes comparatively more importance from GST compliance perspective since 31 December 2022 is the due date to furnish GSTR 9 and GSTR 9C for FY 2021-22. In this article, we would mainly comment on applicability of GSTR 9 and 9C along-with key pre-requisites. […]...

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