All About GSTR 9

GSTR-9 is an Annual GST Return that has to be filed by all the registered taxpayers every year who are required to file GSTR-1 and GSTR-3B. GSTR-9 includes all the inward and outward supply details made during a year. In addition to this, it includes tax paid or payable under different heads such as SGST/UTGST, CGST, and IGST. In other, we can say that GSTR-9 is a consolidated statement of the returns that a taxpayer has filed during the relevant year that includes GSTR 1, GSTR 2A, GSTR 3B, etc.. Moreover, GTSR-9 helps in the reconciliation of data, which helps in maintaining transparency.

Eligibility Criteria

Every taxpayer registered under GST who furnishes GSTR-1 and GSTR-3B needs to file Annual GST Return (GSTR-9).

List of People that are not required to file GSTR-9

Here is the list of people who are not required to filed GSTR-9:

i. Composition scheme holder as they have to file GSTR-9A

ii. Casual Taxable Person

iii. Non-resident taxable person

iv. (ISD) Input service distributors

v. Any person who are required to pay TDS as per Section 51 of the CGST Act

Due Date for filing GSTR-9 Form

The due date for filing Annual GST Return is 31st December. However, for the financial year 2017–18, the due date has been extended to 31st January 2020 as per 38th GST Council Meeting.

Late fees and Penalty

In case if the taxpayer fails to file GSTR-9 within the due date, then in such a case he needs to pay 200 INR per day as of late fees. This amount of late fees can be bifurcated two parts 100 INR CGST + 100 INR SGST/UTGST. Furthermore, the late fees for not filing GSTR-9 can only go up to 1/4 (0.25%) of the total annual turnover of the taxpayer. Moreover, it shall be noted that there are no late fees applicable to IGST.

Different Types of Annual GST Returns

Here are the different types of Annual GST Returns

a) GSTR-9

GSTR-9 is a type of annual GST Return that shall be filed by all the registered taxable persons who are required to furnish GSTR-1 and GSTR-3B.

b) GSTR 9A

GSTR-9A is a type of GST Annual Return that shall be filed by the taxpayers who files GSTR-4. In simple words composition scheme holders needs to file GSTR-9A form.

c) GSTR 9B

GSTR-9B is a type od annual GST Return that shall be filed by all e-commerce operators.

d) GSTR 9C

GSTR-9C is a type of GST Annual Return that shall be filed by the taxpayer whose annual turnover exceeds the 2 Crore INR limit during a financial year. In addition to this, they need to get their accounts audited and have to file a reconciliation statement of the tax paid and payable.