GST Annual Return Filing
File your Annual GSTR 9 with the support of our Chartered accountant at your convenience and they will also help you in maintaining your proper books of accounts.
Fill below the required details and get the process started.
GST Annual return
Under the GST Act there are different returns to be filed regularly. GSTR are filed by registered persons under GST giving details of supplies, taxes paid and Input Tax Credit. GSTR 9 and GSTR 9C are annually filed by taxpayers but many do not know difference between the two forms
What is GSTR 9 and 9C?
GSTR 9 is an annual return to be filed once in a year by the registered taxpayers under GST. This form is applicable to composition dealers as well but instead the form name is GSTR 9A. All the details in monthly and quarterly are consolidated and summarised in GSTR 9. It includes outward and inward supply details and ITC availed
GSTR 9C is a sub category under GSTR 9. This form is applicable to registered taxpayers whose aggregate turnover is more than ₹2 crores however with effect from FY 2018-19 the threshold limit has been increased from 2 crores to 5 crores. The taxpayers liable to file GSTR 9C has to submit audited copy of books of accounts and a reconciliation statement of supplies of the financial year
Who has to file GSTR 9?
Every registered taxable person under GST regime must file GSTR 9. There are exceptions to persons included. They are,
Input service distributors
Casual taxable person
Non-resident taxable person
Persons paying tax under section 51 and 52 of CGST Act
Statements in GSTR 1 and returns in Form GSTR 3B has to be filed before filing GSTR-9. Once filed, GSTR-9 cannot be revised.
Who is liable to file GSTR 9C?
Every registered person whose aggregate turnover during a financial year exceeds two crore rupees however from the financial year 2018-19 this limit has been increased to 5 crores shall get his accounts audited as specified under sub-section (5) of section 35 of the CGST Act, and shall furnish a copy of the audited annual accounts and a reconciliation statement, in the Form GSTR 9C
Attestation of GSTR Forms
GSTR 9 do not require any certification by a qualified person. The attestation is done by taxpayer’s digital signature
In case of GSTR 9C attestation of a CA/CMA has to done mandatorily before filing
Format of GSTR 9
GSTR 9 is divided into 6 parts. Each part has different information to be given. They are,
Part 1: In this part basic registration details are entered including GSTIN, name of the entity registered under GST, financial year etc
Part 2: Outward and inward supplies made during the year has to be clearly given
Part 3: Input Tax Credit (ITC) for relevant financial year is given in this part
Part 4: Tax paid on the supplies declared in return forms are specified
Part 5: This part specifies the details of transactions for the relevant financial year for which return is being filed. For example, return filed between April 2019 to March 2020 will declare transactions of FY 2018-19
Part 6: It specifies information regarding income tax refund claimed during the year
With the introduction of GST, taxpayers faced many issues. As the GST regime was enforced, the official website of government had not been working well. Because of this due date for GSTR filing has been extended many times.
Due date of filing GSTR 9 and 9C for the financial year 2018-19 has now been extended up to 30th September 2020.
Due date of filing GSTR 9 and 9C
If the filing of Form GSTR 9 is not made on time, penalty will be charged of ₹100 per day under CGST and SGST each i.e., ₹200 per day. The penalty levied shall not exceed quarter percentage of total turnover of the taxpayer
Penalty for late filing of GSTR 9
How to file GSTR 9
GSTR 9 is filed electronically through GST portal. Steps to file GSTR are
Login to GST portal https://www.gst.gov.in and navigate to GSTR 9
Click on the option on type of return filed, Nil return or annual return
Download summary of Form GSTR 1, GSTR 3B and GSTR 9
Enter the necessary details in the form
Preview GSTR 9 summaries
Now compute liabilities and late fees if any
File the GSTR 9 with DSC or EVC
Once filing is completed, ARN will be generated. The taxpayer gets message on the registered mobile number and e-mail. It has to be kept in mind that once filed GSTR 9 cannot be revised or rectified. So, the taxpayers have to be cautious while filing it.
Q. Who has to file GSTR 9?
GSTR 9 is applicable to all the persons registered under GST regime. However there are few exceptions to this rule
Q. Can a registered person with zero turnover file GSTR 9?
Yes. While filing GSTR-9 option of Nil turnover is also applicable. Person with zero turnover also can submit GSTR-9
Q. Can a taxpayer revise the GSTR 9 and GSTR-9C Forms?
Till date there is no option for revising or rectifying errors in the Form once filed. The taxpayer has to be extra careful while filing GSTR 9& 9C