What is GSTR-9 Annual Return Filing?
GSTR-9 Annual Return is an annual return that needs to be filed by all registered taxable persons under GST. It’s a yearly report that contains details of supplies made and received, input tax credit, and other relevant information. The return is required to be filed by the 31st of December of the following financial year.
Businesses must compile their Goods and Services Tax (GST) information, including sales and purchase registers, returns filed, taxes paid, demands, and refunds. GSTR-9 is required if the business was registered for any part of the financial year. Before filing GSTR-9, all GSTR-1 and GSTR-3B returns for that year must be completed.
Legal Helpzyn offers expert assistance for filing your GSTR-9 Annual Return, ensuring accurate, timely submission and full compliance with GST regulations.
Details required to be fill in the GSTR-9
GSTR-9 consists of 6 parts and 19 sections, each requiring information readily available from your filed returns and accounting records.
- GSTR-9 requires a report of annual sales, split into taxable and non-taxable supplies.
- It necessitates disclosure of the annual value of inward supplies and claimed ITC.
- Purchases must be categorized as inputs, input services, and capital goods.
- Details of ineligible ITC that needs to be reversed must be included.
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GSTR-9 Annual Return Filing
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GSTR-9 is the annual return for summarizing a taxpayer's GST transactions for the financial year.
All GST registered taxpayers 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
- Person collecting TCS under section 52 of CGST Act
To file GSTR-9 Annual Return, you will need the following documents:
- GSTIN (Goods and Services Tax Identification Number): This is a unique 15-digit number assigned to each taxpayer registered under GST.
- Financial Year: The financial year for which you are filing the GSTR-9 return.
- GSTR-1 and GSTR-3B Returns: You will need to have filed GSTR-1 and GSTR-3B returns for the financial year.
- GSTR-2A: This is a system-generated return that shows the details of inward supplies received by the taxpayer.
- GSTR-9 Format: You will need to fill out the GSTR-9 format, which is a consolidated summary of all the supplies made and received during the year under different tax heads.
- HSN Codes: You will need to provide the HSN codes for the goods and services supplied.
- Tax Paid and ITC Availed: You will need to provide details of the tax paid and ITC availed during the financial year.
- Reconciliation Statement: You will need to provide a reconciliation statement that reconciles the data in GSTR-9 with the data in GSTR-1 and GSTR-3B.
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, composite dealers (composition scheme).
- GSTR 9B must be filed by e-commerce operators who collect tax at source 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 and is liable to get their annual reports audited.
The GST law does not specify any turnover limit for GSTR-9. However, to ease the compliance burden for small businesses, the department made GSTR-9 optional for businesses with turnover up to Rs 2 crore from FY 17-18 onwards.
GSTR-9 Due Date & Late Fees
The due date for filing GSTR-9 is 31st December of the year following the relevant financial year. For example, the due date for filing GSTR-9 for FY 2023-24 is 31st December 2024.
Late fees are applicable if the GSTR-9 return is not filed on time. The late fees are as follows:
Turnover limit |
Late fee |
Maximum overdue penalty |
|---|---|---|
Frequently Asked Questions
No, once you have filed GSTR-9, you cannot make any revisions or modifications to it. However, you can make changes until you submit the GSTR-9. If you need to make corrections, you can do so in the subsequent GSTR-3B return or by filing a DRC-03 form.
You must file GSTR-9 if you are a regular taxpayer under GST, unless you are exempt (e.g., composition taxpayers, casual taxable persons, non-resident taxable persons). Taxpayers with an annual turnover up to Rs. 2 crore are also exempt from filing.
- A registered taxpayer who is a normal taxpayer including SEZ units and SEZ developers.
- A composition taxpayer who opted out of the scheme in the middle of the year and continues to be registered under GST.
- A taxpayer who transitioned from VAT to GST in the first financial year of GST implementation.
- Composition taxpayers
- Casual taxpayer
- Input service distributor
- Non-resident taxpayer
- Person deducting TDS u/s 51
- Person collecting TCS u/s 52
No, businesses under Rs 2 crore are not required to submit GSTR-9; it's optional for them.
You file GSTR-9 at the GSTIN level, not at the entity level. This means you need to file a separate GSTR-9 for each GST registration, even if you have multiple registrations under the same PAN.
Yes, you need to file GSTR-9 even if your GST registration was cancelled in FY 2023-24. The annual return needs to be filed if you were registered during the said financial year, regardless of the cancellation of registration.