GSTR 9-Annual Return Filing


1. What is GSTR 9?

GSTR-9 is an Annual Return to be filed by the persons registered under the GST including those registered under composition scheme.

It consists of details regarding the supplies made and received during the year under different tax heads i.e. CGST, SGST and IGST. It consolidates the information furnished in the monthly/quarterly returns during the year.

2. Who should file GSTR 9 annual return?

All the registered taxable persons under GST must file GSTR 9 form. However, the following persons are not required to file GSTR-9:

  • Casual Taxable Person
  • Input service distributors
  • Non-resident taxable persons
  • Persons paying TDS

3. What are different types of return under GSTR-9 form?

There are 4 types of return under GSTR 9 :

GSTR-9: should be filed by the regular taxpayers who are filing GSTR-1, GSTR-2 and GSTR-3.

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

GSTR-9B: should be filed by the e-commerce operators who have filed GSTR-8 during the financial year.

GSTR-9C: should be filed by the taxpayers whose annual turnover exceeds INR 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, reconciliation statement of tax already paid and details of tax payable as per audited accounts, along with this return.

4. What is the due date of GSTR-9?

GSTR-9 due date is on or before 31st December of the subsequent financial year. Thus for the financial year 2017-18, filing GSTR-9 will happen on or before the 31st of December, 2018.

5. What is the Penalty for the late filing of GSTR-9 form?

If the GSTR-9 return is not filed on time, then a penalty of INR 100 per day under CGST & INR 100 per day under SGST shall be levied i.e. a total of INR 200 per day. However, the maximum of such a penalty will be an amount calculated at a quarter percent of the total taxpayer turnover in the respective State or Union Territory. There is no late fees however on IGST.

Along with late fees, an interest has to be paid at the rate of 18% per annum, and will be calculated by the taxpayer on amount of outstanding tax to be paid.

6. How to revise GSTR-9?

Form GSTR-9 once filed cannot be revised. Any mistake made in the return can be revised in the next month's return when the error or omission is identified.

7. What are the details required in the GSTR-9 form?


Serial No.

Parts of the GSTR-9

Details required to fill

1

Part-I

Basic details of the taxpayer. This detail will be auto-populated.

2

Part-II

Details of Outward and Inward supplies declared during the financial year(FY). This detail must be picked up by consolidating summary from all GST returns filed in previous FY.

3

Part-III

Details of ITC declared in returns filed during the FY. This will be summarised values picked up from all the GST returns filed in previous FY.

4

Part-IV

Details of tax paid as declared in returns filed during the FY.

5

Part-V

Particulars of the transactions for the previous FY declared in returns of April to September of current FY or up to the date of filing of annual returns of previous FY whichever is earlier. Usually, the summary of amendment or omission entries belonging to previous FY but reported in Current FY would be segregated and declared here.

6

Part-VI

Other Information comprising details of:

-GST Demands and refunds,

-HSN wise summary information of the quantity of goods supplied and received with its corresponding Tax details against each HSN code,

-Late fees payable and paid details and

-Segregation of inward supplies received from different categories of taxpayers like Composition dealers, deemed supply and goods supplied on approval basis.


The author is a member of the CPA Institute, Australia and an Associate member of Institute of Chartered Accountants of India and can be reached at casusmitadutta@gmail.com.

Disclaimer: The facts and opinions written in this column are those of the author and have been prepared on the basis of relevant provisions and information available at the time of preparation. The article does not constitute any professional advice or formal recommendation. The author has undertaken utmost care to disseminate true and correct views and does not accept liability of any errors or omissions.

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Susmita Dutta, ACA , CPA 
on 05 December 2018
Published in GST
Views : 5603

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