GSTR 9 - Online Annual Return Filing, Procedure, Penalty & Due Date

GSTR 9 is an annual tax return filed by every registered taxpayer as directed by the GST Council. It contains the annual compilation of outward supplies, inward supplies, tax liability and input tax credit availed during a financial year. This article very briefly focusses on GSTR-9 filling.

What is GSTR 9?

The GSTR 9 is a document or statement which contains the details of all supplies made long with turnover and audit details received under various tax heads (CGST, SGST and IGST) during an entire year by a registered taxpayer.

GSTR 9 Types

There are 4 types of annual returns under the GST law. They are:

• GSTR 9 must be filed by regular registered, taxpayers who file GSTR 1 and GSTR 3B.

• GSTR 9A must be filed by registered, dealers.

• GSTR 9B must be filed by e-commerce operators who collect TDS and have filed GSTR 8 for the financial year.

• GSTR 9C is an audit form that must be filed by all taxpayers whose aggregate turnover exceeds Rs.2 crores in a financial year.

Who are eligible to file GSTR9?

To file the GSTR-9:

• Taxpayers opting composition scheme

• Casual Taxable Person

• Non-resident taxable persons

• Persons paying TDS

• Input service distributors

What is the due date for filing GSTR9?

The Central Board of Indirect Taxes and Customs (CBIC) extended the due dates for filing annual return and reconciliation statements for FY 2018-19 by two months for Financial Year 2018-19 from 31st October 2020 to 31st December 2020, on the recommendations of the GST Council.

 Is GSTR-9 filing necessary when you miss the due date?

Yes, you incur a penalty of Rs.100 under CGST and Rs.100 under SGST which gives you a total of Rs.200 per day. There are no penalty charges on IGST presently. The maximum penalty fee imposed is Rs 5,000 and on that, you incur an 18% interest penalty on the outstanding tax payments apart from the late charges.

How to fill the GSTR 9 form?

The GSTR 9 form comprises 6 parts divided over 19 sections. Here you need to fill in basic details and data that you can get from your previous filings and books of accounts. To know more contact our Tax Expert!

How can we help you?

Your Business is our Responsibility, file your GSTR 9  from Online Legal India™. Trusted by over 100,000+ customers across India. Book any service across India our expert team of highly qualified CA/CS will guide you through the rest of the process.