The last date to file the GST annual return is generally 31st December of the year following the particular financial year. As of now, no extension has been announced. While this date is the standard deadline, the government may extend the due date through official notifications issued by the CBIC if required.
Important Update: The Bombay Chartered Accountants’ Society (BCAS) has requested the Finance Ministry, the Central Board of Indirect Taxes and Customs CBIC and GST Council to extend the GSTR-9 and GSTR-9C filing deadline. BCAS stated that recent changes in the forms have made compliance more complex, taxpayers and professionals need more time to prepare accurate returns.
Current Due Date
| Financial Year | Last Date to File GSTR-9 |
| FY 2024-25 | 31st December 2025 |
Who Must File?
All regular GST-registered taxpayers must file GSTR-9 but with some exceptions.
- Taxpayers opting composition scheme
- Casual Taxable Person
- Input service distributors
- Non-resident taxable persons
- Persons paying TDS u/s 51 of CGST Act
- Person collecting TCS u/s 52 of CGST Act
GSTR-9 Optional For
Annual return filing is optional for the businesses whose aggregate turnover up to ₹2 crore.
GSTR-9 Mandatory For
The businesses whose annual turnover is above ₹2 crore annually are mandated to submit GSTR-9.
The businesses whose aggregate turnover is above ₹5 crore are also expected to submit a reconciliation statement in GSTR-9C.
How To File GSTR-9?
You can file the return through the official GST Portal by logging in with your unique username and password.
- To file GSTR-9, first ensure all GSTR-1 and GSTR-3B returns for FY 2024-25 are filed.
- Reconcile outward supply, inward supply - ITC with your books and GSTR-2B, and resolve any differences with vendors or customers.
- Prepare GSTR-9 using the GST portal, review the auto-filled summary.
- Pay any short tax or late fees (if applicable) via DRC-03, and submit the return by using DSC or EVC.
Consequences of Late Filing
Filing GSTR-9 after the due date attracts penalty of ₹200 per day (₹100 under CGST and ₹100 under SGST) up to a maximum of 0.25% of the aggregate turnover in the state or union territory (CGST and SGST) i.e., up to 0.5% combined.
In addition, there is an interest charge at 18% per annum on any outstanding tax liabilities.
FAQs
What is GSTR-9?
GSTR-9 is the annual GST return that summarises all your sales, purchases, tax paid and ITC claimed during the financial year.
What is the turnover limit for GSTR-9?
GST-registered taxpayer having annual turnover above Rs.2 Crore must file GSTR-9 annually.
Can GSTR-9 be revised once it has been filed?
No, once GSTR-9 is filed, you can not make any correction.
CAclubindia
