Applicability for filling GSTR 9
All registered person u/s 44 of CGST and SGST Act except as mentioned below [specified u/s 44 (1)] are required to file GSTR.
- Casual Taxable Person
- Non-Resident Taxable Person
- Person deducting TDS or Collecting TCS (the provisions were not applicable in FY 2017-18)
- Input service distributor
But, the applicability of Annual GSTR differs depending on the type of Taxpayer-
- Normal Taxpayer – GSTR 9
- Composition Taxpayer – GSTR 9A
- E-Commerce operator – GSTR 9B
Please note: All the required registered taxpayers shall file Annual return, irrespective of their turnover limit.
Due Date For Annual GST Return
GSTR-9 due date is on or before 31st December of the subsequent financial year For instance, for FY 2017-18, the due date for filing GSTR 9 is 31st December 2018.
Penalty for the late filing of GSTR-9 Form
Late fees for not filing the GSTR 9 within the due date is Rs. 100 per day per act up to a maximum of an amount calculated at a quarter percent of the taxpayer turnover in the state or union territory. Thus it is Rs 100 under CGST & 100 under SGST, the total penalty is Rs 200 per day of default. There is no late fee on IGST.
Here is a glimpse of particulars to be furnished in GSTR 9 Annual Return:
1. Provide GSTIN: Each taxpayer will be allotted a state-wise PAN-based 15-digit Goods and Services Taxpayer Identification Number. GSTIN of the taxpayer will be auto-populated at the time of return filing.
2. Legal name of the registered person: i.e. name of the person registered under GST portal.
Whether liable to Statutory Audit: Statutory audit is compulsory in case of companies and in case of individual/HUF if turnover exceeds Rs 1 crore.
3. Date of statutory Audit: Mention the date of the statutory audit.
4. Auditors: Mention the name of the auditors of the entity who has audited the accounts of the entity.
5. Details of Expenditure: Details of goods and services purchased during the financial year must be provided. Such information needs to be provided along with the HSN/ SAC codes applicable and the taxable value of such goods and services. These details are mentioned in GSTR-2.
6. Details of income: Details of all supplies and sales made during the year needs to be provided here. Such details are also mentioned in GSTR-1. These categories are as follows :
a) Total value of supplies on which GST paid (inter-State Supplies): It includes the supplies made in other states on which IGST is paid.
b) Total value of supplies on which GST Paid (intraState Supplies): It includes supplies within the state on which SGST and CGST is paid.
c) Total value of supplies on which GST Paid (Exports): It includes export of goods and services made during the year on which IGST is paid
d) Total value of supplies on which no GST Paid (Exports): It includes export of goods and services made during the year on which no IGST is paid
e) Value of Other Supplies on which no GST paid: It includes the details of supply of goods and services made during the year without any GST paid on it. i.e. CGST and SGST in case of intra supply and IGST in case of inter state supply.
f) Purchase Returns : Detail of purchase return made during the year is to be provided here.
g) Other Income (Income other than from supplies) : Any other income earned during the year other than supplies mentioned in the above points should be mentioned here.
Types of Returns under GSTR-9
here are 4 types of return under GSTR 9:
1. GSTR 9: GSTR 9 should be filed by the regular taxpayers filing GSTR 1, GSTR 2, GSTR 3
2. GSTR 9A: GSTR 9A should be filed by the persons registered under composition scheme under GST.
4. GSTR 9C: GSTR 9C should be filed by the taxpayers whose Annual turnover exceeds Rs 2 crores during the financial year. All such taxpayers are also required to get their accounts audited and file a copy of audited annual accounts and reconciliation statement of tax already paid and tax payable as per audited accounts along with GSTR 9C.
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