How to File GSTR-9 Annual Return?

2 Jan,2025

Table of Contents

1. What is the GSTR-9 Annual Return?
2. What is an Annual Return under GST?
3. GSTR-9 Applicability: Who Should File GSTR-9 Annual Return?
4. What is GSTR-9 Turnover Limit?
5. What is GSTR-9 Due Date?
6. What Are the Details Required to Be Filled in GSTR-9?
7. Late Fee and Penalty for Not Filing GSTR-9
8. GST Amnesty Scheme for GSTR-9 in 2023
9. Why Should You File Your GST Annual Return Through ADCA?
10. Conclusion
11. FAQs

How to File GSTR-9 Annual Return?

Learn what the GSTR-9 annual return is, understand the GSTR-9 annual return filing process, and discover how to prepare gstr 9 annual return download forms and comply with GST regulations.

Introduction

The GSTR-9 annual return is a comprehensive statement summarizing all the monthly and quarterly GST returns filed during a financial year. Filing this return ensures businesses remain compliant with the Goods and Services Tax (GST) regulations. This guide will help you understand the GSTR-9 annual return, its applicability, the filing process, and essential details to ensure compliance.

What is the GSTR-9 Annual Return?

GSTR-9 is the annual return consolidating information from GSTR-1, GSTR-3B, and other monthly or quarterly GST filings. It summarizes outward supplies, input tax credits (ITC), and tax payments made during the financial year. Filing this return is crucial for reconciling the data reported during the year and ensuring accuracy.

What is an Annual Return under GST?

An annual return under GST is a mandatory return summarizing all transactions, taxes paid, and credits claimed. For regular taxpayers, GSTR-9 is the annual return, while other categories, such as composition dealers, have separate formats (like GSTR-9A).

GSTR-9 Applicability: Who Should File GSTR-9 Annual Return?

All taxpayers registered under GST are required to file GSTR-9, except for:

  • Casual taxable persons

  • Non-resident taxable persons

  • Input service distributors (ISDs)

  • Taxpayers under the composition scheme (file GSTR-9A instead)

What is GSTR-9 Turnover Limit?

Filing GSTR-9 is mandatory for taxpayers with an annual turnover exceeding ?2 crore. Taxpayers with a turnover of less than ?2 crore have been exempted from filing GSTR-9 for specific financial years, but voluntary filing is encouraged for reconciliation purposes.

What is GSTR-9 Due Date?

The GSTR-9 due date is typically December 31st following the end of the financial year. However, the government often extends the deadline. For example:

  • FY 2022–23: The due date is December 31, 2023.

Timely filing is crucial to avoid penalties and ensure compliance.

What Are the Details Required to Be Filled in GSTR-9?

GSTR-9 comprises multiple sections, each requiring specific information:

  • Basic Information: GSTIN, trade name, and legal name of the taxpayer.

  • Outward Supplies: Details of taxable and exempt supplies.

  • Input Tax Credits (ITC): Claimed, reversed, and utilized ITC.

  • Taxes Paid: Summary of CGST, SGST, and IGST payments made during the year.

  • Demand and Refunds: Details of any tax demands or refunds received.

  • Other Information: Late fees, penalties, and other adjustments.

Late Fee and Penalty for Not Filing GSTR-9

Failure to file GSTR-9 on time attracts:

  • Late Fee: 200 Rs per day (100 Rs CGST + 100 Rs SGST), subject to a maximum of 0.25% of the taxpayer’s turnover.

  • Interest: 18% per annum on outstanding tax liability.

Timely filing ensures avoidance of penalties and late fees.

GST Amnesty Scheme for GSTR-9 in 2023

The GST amnesty scheme allows taxpayers to file pending returns, including GSTR-9, with reduced penalties. It is particularly beneficial for businesses that have missed deadlines in previous financial years.

Why Should You File Your GST Annual Return Through ADCA?

Filing your annual return with ADCA ensures:

  • Accuracy: Professional review and error-free filing.

  • Reconciliation: Thorough reconciliation of data from monthly returns.

  • Expert Advice: Guidance on turnover limits, ITC, and compliance requirements.

  • Hassle-Free Process: End-to-end support for seamless filing.

Conclusion

Filing the GSTR-9 annual return is essential for summarizing your yearly GST data, avoiding penalties, and maintaining compliance. With deadlines, turnover limits, and specific details to consider, the process can seem daunting. At ADCA, we provide expert assistance to ensure smooth and accurate GSTR-9 filing. Reach out to us today to simplify your GST compliance journey.

FAQs

Is filing GSTR-9 mandatory?

Yes, filing GSTR-9 is mandatory for all registered taxpayers under GST, except for specific exemptions.

Who is required to file GSTR-9?

All regular taxpayers registered under GST must file GSTR-9, except casual taxable persons, non-resident taxable persons, and ISDs.

Can I revise the GSTR-9 that has been filed?

No, once GSTR-9 is filed, it cannot be revised. Ensure accurate data before submission.

Should one file a GSTR-9 return at the entity level or GSTIN level?

GSTR-9 must be filed at the GSTIN level for each registered GSTIN under a business.

What is the penalty for GSTR-9 annual return?

Late filing incurs a penalty of 200 Rs per day (Rs100 CGST + 100 Rs SGST), subject to a maximum of 0.25% of the turnover.

 

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