Details of total Inward and Outward Supplies in the scheduled Financial Year
Our Legal Tax Experts are Never Late in Filing Annual GSTR-9 for You | Get 360° Professional Guidance in Each Step from Collecting Documents to GST Filing.
As per the Central Goods and Services Act, 2017, every registered business entity is mandated to file GSTR-9 annually. GSTR-9 contains information about all the sales, purchases, refunds, or input tax credit by all tax-payers, Special Economic Zone (SEZ) units, SEZ developers, and many more.
Under the new GST Regime, Voluntarily you can file your GSTR-9 for tax returns but it is mandatory above Rs 2Cr and mandatory above Rs 5Cr alongwith GSTR-9C for GST Audit.
The GST Return should be Filed within October 31 for the previous Financial Year period. However, the scheduled date for GSTR-9 filing can be altered or extended as per the ongoing notifications from Government of India.
An individual or entity is liable to pay Rs. 200 per day from the scheduled last date of filing for not submitting GSTR-9 on time. As per the GST Act, 2017 of our Indian Govt. the penalty amount will be levied cumulatively with an interest at 18% per annum rate.
GSTR-9 filing simplifies the entire tax process by eliminating all the tax-on-tax or the cascading method.
The business identities are allowed here to pay the entire tax amount at a single time. GST return filing has replaced the chaotic older tax system.
By the collaboration of the Indian tax system, the business entities are now enjoying a nationwide market without paying different taxes to the State Governments.
The preceding VAT was compulsory for any company with an annual turnover of Rs 5,00,000 which acted as troublesome for any business organization or start-up entity. GSTR-9 return filing has replaced the VAT, benefiting the entities especially the SEZ Units.
Details of total Inward and Outward Supplies in the scheduled Financial Year
Income Tax Credit Ledger for the scheduled Financial Year
GSTIN of Business Entity/Seller
GST Reconciliation Statement
Details of the Block Credit, Capital Goods, and related documents
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The due date of GSTR-9 is October 31 every year. However, the scheduled date for GSTR-9 filing can be altered or extended as per the ongoing notifications from Government of India.