GSTR – 9
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What is GSTR-9
GSTR-9 is an annual return form needs to be filed once in a year by all the registered taxpayers under GST including those registered under composition levy scheme. The only category of GST registered entities not required to file GSTR-9 filing are Input service distributors, Causal taxable person, TDS/TCS taxpayer and non –resident taxable persons. This document will contain the details of all supplies made and received under various tax heads (CGST, SGST, and IGST) during the entire year along with turnover, audit and auditor details, details of taxes paid along with interest and penalty etc.
Who should file GSTR-9
All the registered taxable persons under GST is required to file the GSTR -9. However, the following persons are not required to file GSTR – 9
- Input service distributors (ISD)
- Casual Taxable persons
Non-resident Taxable persons
Persons paying TDS / TCS under the section of the GST Act.
Types of GSTR-9
There are four types of return under GSTR -9 which are as follows
GSTR – 9: It should be filed by the regular taxpayers who are filling GSTR 1, 2 and 3.
GSTR – 9A: It should be filed by the persons registered under composition scheme.
GSTR – 9B: It should be filed by the e-commerce operators who have filed GSTR -8 during the financial year.
GSTR – 9C: It should be filed by the person whose aggregate turnover during an FY exceeds Rs. 2 crores. Such registered person is required to get his accounts audited by a Chartered Accountant or a Cost Accountant and also require to furnish electronically through the common portal along with annual return a copy of audited financial accounts and a reconciliation statement, duly certified.
Reconciliation statement will reconcile the value of supplies declared in the return furnished for the financial year with the audited annual financial statement and such other particulars, as may be prescribed.
When is GSTR-9 due
The due date of filing GSTR-9 is on or before 31st December of the subsequent fiscal year. If an audit is a must for GST file, then audit details must file before 31st December in GSTR-9C. For instance, the due date for filing GSTR-9 is 31st December 2018 for the fiscal year 2017-18.
Penalty for Delay filing of GSTR-9 Return
Any registered person who fails to furnish the annual return by the due date shall be liable to pay a late fee of Rs. 100 per act for every day during which such failure continues or 0.25% of the turnover of the registered person in the State / UT whichever is lower. Thus it is Rs. 100 under CGST and Rs. 100 under SGST, the total penalty is Rs. 200 per day of default. There are no late fees on IGST.