GST Annual Return

GST Annual Return filings starting from Rs. 1999/- Only

What is GSTR-9 annual return?

GSTR 9 is an annual return to be filed yearly by taxpayers registered under GST. Points to note:

It consists of details regarding the outward and inward supplies made/received during the relevant financial year under different tax heads i.e. CGST, SGST & IGST and HSN codes.

It is a consolidation of all the monthly/quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) filed in that year. Though complex, this return helps in extensive reconciliation of data for 100% transparent disclosures.

Who should file GSTR-9, the annual return?

All taxpayers/taxable persons registered under GST must file their GSTR 9. However, the following are NOT required to file GSTR 9:

Taxpayers opting composition scheme (They must file GSTR-9A)

Casual Taxable Person

Input service distributors

Non-resident taxable persons

Persons paying TDS under section 51 of CGST Act.

Note – GSTR-9 filing for businesses with turnover up to Rs 2 crore made optional for FY 17-18, FY 18-19 and FY 2019-20.

What is the Information Needed to be fulfilled in the GSTR-9?

The GSTR-9 is divided into 6 parts and 19 sections. Every part questions for the information that is simply present from your previous furnished returns and account books.

In the Form, it questions about the yearly sales, dividing it between the cases which are liable to be taxed or not.

 

On the buying portion, the yearly value of inward supplies and ITC claimed is to be reported.

Inputs, input services, and capital goods are the objectives where the buys are to be bifurcated. The information of ITC which is required to get interchanged is to be entered as of the ineligibility.

 

Form Name

Return Annually

Due Date

GSTR 9 (Annual Return)

FY 2020-21

31st December 2021

GSTR 9 (Annual Return)

FY 2019-20

31st March 2021

GSTR 9 (Annual Return)

FY 2018-19

31st December 2020

GSTR 9 (T.O. more than 2 Crore)

FY 2017-18

“CBIC – Considering the difficulties being faced by taxpayers in filing GSTR-9 for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different groups of States to 5th and 7th February 2020 as under.”

 

 

Group 1: Group 1 (5th February 2020): Tamil Nadu, Rajasthan, Chandigarh, Gujarat, Haryana, Delhi, Uttarakhand, Jammu and Kashmir, Ladakh, Punjab.

 

 

Group 2 (7th February 2020): Andaman and Nicobar Islands, Assam, Bihar, Andhra Pradesh, Maharashtra, Arunachal Pradesh, Himachal Pradesh, Jharkhand, Chhattisgarh, Dadra and Nagar Haveli and Daman and Diu, Goa, Karnataka, Kerala, Lakshadweep, Sikkim, Nagaland, Odisha, Uttar PradeshMadhya Pradesh, Manipur, Meghalaya, Mizoram, Puducherry,Telangana, Tripura (Corrigendum), West Bengal, Other Territory.”

GSRT 9 Due Date, late fee, and Penalty

  • The late fee for not furnishing the GSTR-9 within the left date is Rs 100 per article per day. It reveals that late fees of Rs 100 below CGST and Rs 100 beneath SGST will be liable for the late cases.
  • Rs 200 per day is subjected as a sum liability for failure. It is entitled to a highest of 0.25% of the assessee’s turnover in the related state or union territory. But till now there is no late fee on IGST. 
  • Rs 200 per day is subjected as a sum liability for failure. It is entitled to a highest of 0.25% of the assessee’s turnover in the related state or union territory. But till now there is no late fee on IGST.