The GSTR 9 is a GST annual return form to be filed by the regular taxpayer once a year with all the consolidated details of SGST, CGST and IGST paid during the year.
GSTR 9 is a return form that provides a detailed summary of supplies and the applicable taxes on them. It also provides a valuable insight into – the amount of tax paid, input tax credit and refund claimed in a financial year when the annual return is filed. The document further contains details about the annual turnover and audit information. Ideally, such a form is to be filed by normal taxpayers who are registered under the Goods and Services Tax system.
What is the GSTR-9 annual return?
GSTR 9 is an annual return to be filed yearly by taxpayers registered under GST. Points to note:
- It consists of details regarding the outward and inward supplies made/received during the relevant financial year under different tax heads i.e. CGST, SGST & IGST along with the cess and HSN codes.
- It is a consolidation of all the monthly/quarterly returns (GSTR-1, GSTR-2A, GSTR-2B, and GSTR-3B) filed in that year. Though complex, this return helps in extensive reconciliation of data for 100% transparent disclosures.
Types of GSTR 9
GSTR 9 – This annual return has to be filed by those who are registered as normal taxpayers under GST and also file GSTR 1 and GSTR 3B.
GSTR 9A- Registered composite dealers file this particular return.
GSTR 9B- This particular form is filed by e-commerce operators who are entrusted with the task to collect tax at source. However, before filing GSTR 9B, they should have filed GSTR 8 for a given financial year.
GSTR 9C- It serves as an audit form and has to be filed by all taxpayers whose total annual income is more than Rs. 2 crore, and they further have to get their reports audited.
GSTR 9 applicability: Who should file GSTR-9 annual return?
- Taxpayers opting composition scheme (They must file GSTR-9A)
- Casual Taxable Person
- Input service distributors
- Non-resident taxable persons
- Persons paying TDS under section 51 of CGST Act
- person collecting TCS under section 52 of CGST Act
Components of GSTR 9
GSTR 9 comprise 19 tables that are further grouped into 6 parts, as discussed below–
Part 1 – It comprises necessary details like GSTIN, financial year, legal and trade name.
Part 2 – It provides consolidated details of outward supplies and advances on which tax was paid during a given financial year. Taxpayers need to provide details of all outward supplies which does not attract taxation as per the filed returns during the given year.
Part 3 – This part is further divided into 3 components and contains details like input tax credit. The subsections comprise the following details –
- 1st subsection – It encompasses details related to the input tax credit received and declared in the returns that were filed in the given financial year. Typically, such information is obtained from Form GSTR 3B.
- 2nd subsection – Taxpayers have to provide details of an ineligible input tax credit, and input tax reversed declared in the returns filed in a given financial year.
- 3rd subsection – This subsection contains details of an auto-populated input tax credit.
Part 4 – This part contains details of tax that has been paid in a financial year.
Part 5 – Taxpayers are required to provide information on amendments made for all the supplies of last financial year in tax returns between April and September of the prevailing fiscal year. Alternatively, it may contain details of the amendment for supplies of the last filing in annual returns of the previous fiscal year (whichever comes first).
Part 6 – Individuals have to provide details related to the demand, refund and supplies received from the deemed supply, composition taxpayer and goods that were sent on approval basis. This subsection also contains details like HSN summary of both inward and outward supplies and late fees if any.
Penalty Norms When You Miss the Due Date of GSTR-9 Filing
As per the penalty provisions for the GSTR-9 annual return form, the taxpayer is required to pay a penalty of Rs. 200 per day, with Rs. 100 being for SGST and Rs. 100 for CGST. For turnover exceeding Rs. 20 crore, the penalty is 0.50% of turnover in the state/UT (0.25% each under the CGST and SGST Acts).
- The taxpayer is required to pay a penalty of Rs. 100 per day, with Rs. 50 for SGST and Rs. 50 for CGST. For turnover exceeding Rs. 5 crore but less than Rs. 20 crore, the penalty is 0.04% of turnover in the state/UT (0.02% each under the CGST and SGST Acts).
- The taxpayer is required to pay a penalty of Rs. 50 per day, with Rs. 25 for SGST and Rs. 25 for CGST. For turnover up to Rs. 5 crore, the penalty is 0.04% of turnover in the state/UT (0.02% each under the CGST and SGST Acts).
- From the financial year 2024-25 onwards, the taxpayer is required to pay a penalty of Rs. 50 per day, with Rs. 25 for SGST and Rs. 25 for CGST, in case of turnover up to Rs. 5 crore. If the turnover exceeds Rs. 5 crore, the late fee will be Rs. 100, consisting of Rs. 50 for SGST and Rs. 50 for CGST.
FAQs
What is GSTR 9 due date?
GSTR 9 last date for FY 2023-24 is 31st December 2024. GST annual return due date or GSTR-9 due date is 31st of December of next year for a particular financial year.
What is GSTR-9 turnover limit?
GSTR-9 (Annual Return) is optional for businesses with turnover up to Rs.2 crore since FY 17-18 onwards till FY 2023-24. Every year, the GST department notifies the threshold turnover limit above which it is mandatory to file GSTR-9.