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What is GSTR -9 ?

Every registered taxpayer once a year files a document known as GSTR-9. The filed document contains information on all the trade made under CGST, SGST, and IGST tax heads throughout the whole year with turnover and audit record for the same. 

 

The Indian Government has also introduced a GSTR 9C audit form- Taxpayers whose turnover is more than Rs.2 crores pay GSTR-9C annually. It is a reconciliation account between the annual returns filed in GSTR-9 and the audited yearly financial statements of the taxpayer.

 

Who Should Apply for GSTR-9?

 

All taxpayers registered under GST whose total turnover of the business is greater than 20 lakh rupees are required to file GSTR 9. This return refers to all registered taxpayers excluding those who have a Unique Identification Number (UIN) and also non-resident taxpayers.

 

 A taxpayer must report the following details for the financial year in the annual return:

 

  • Outward supplies,
  • Inward supplies,
  • Taxes paid,
  • Refund claimed,
  • Demand raised or
  • Input tax credit availed and utilized.

 

Types of GSTR-9

 

There are currently four types of GSTR-9, Which are-

 

1.  GSTR-9: It should be filed by Regular taxpayers who filed GSTR-1, GSTR-2, and GSTR-3.

 

2.  GSTR-9A: It should be filed by the person registered under the composition scheme under GST.

 

3.  GSTR-9B: It must be filed by e-commerce operatives who collect tax at source and have filed GSTR 8 for the financial year.

 

4.  GSTR-9C: It is an audit form that must be filed by all taxpayers whose aggregate turnover exceeds Rs.2 crores in a financial year and is liable to get their annual reports audited.

 

Last Date - Due date of GSTR 9 

 

GSTR-9 is mandatory to be filled associated to the business by 31 December immediately after the completion of the financial year. For example, for the FY 2018-19 business, it is mandatory to fill the annual return GSTR-9 by 31st March 2020.

 

What is the penalty?

 

If you do not pay GSTR 9, then you will have to pay a fine of 100 rupees per day.

 

 Both the GST (CGST) of the Center and the GST (SGST) of the state have separate penalties of Rs 100 per day, ie Rs 200 per day.

 

How to file for GSTR-9? 

 

To fill GSTR 9, Contact At your nearest GST Suvidha Centers or call 1800-843-5500

 

  
               
  

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