GSTR-9 is an annual return required to be filed on or before 31st December following the end of such financial year.
GSTR 9 annual return is basically a compilation of GSTR 1, GSTR 3B, GSTR 2A and purchase data for the respective financial year.
GSTR 9 annual return filing | Step by Step Process
Legal Provision:
As per Section 44 (1), every registered person may furnish an annual return filing electronically.
However, the following persons are not required to file an annual return:
- Input Service Distributor (ISD)
- A casual taxable person
- A non-resident taxable person
- person paying tax under section 51 (TDS) or section 52 (TCS)
You may also interested in reading below posts:
Types of GSTR 9 Annual Return:
Type | Details |
|---|---|
GSTR 9 | |
GSTR 9A | |
GSTR 9B |
Applicability of various annual returns:
Source of information for GSTR 9 annual return:
- GSTR 9 is basically a compilation of GSTR 1 return filing and GSTR 3B filing.
- Outward supplies and tax payable are derived from GSTR 1 whereas input tax credit and tax paid information is derived from GSTR 3B.
- Purchases data is also updated from GSTR 2A.
- Any additional liability identified upon filing of annual return may be paid before filing of annual return through Form DRC 03.
Thus, we understand that data as per GSTR 1 and GSTR 3B may cross verify. Also, purchases data (input tax credit availed) as per GSTR 3B, as per GSTR 2A and as per books of accounts should cross verify.
In case of any discrepancies, the same may be adjusted before filing GSTR 1 and GSTR 3B for March 2019.
Important Points for GSTR 9 annual return
- It is mandatory to file GSTR 1 and GSTR 3B before filing GSTR 9
- Any additional liability not declared in GSTR 1 and GSTR 3B may be declared here.
- Any input tax credit unclaimed during FY 2017-18 cannot be claimed through GSTR 9. Thus, any input tax credit not claimed for FY 2018-19 before filing March 2019 GSTR 3B may lapse.
- HSN summary for input supplies only for major inward supplies i.e. such supplies should account for at least 10% of total inward supplies.
To understand the major distinctive points between the GSTR 9 and 9C, skim through our detailed blog. Link provided here.
You may also interested in reading below posts:
Key Requirements for GSTR 9 annual return:
- Details with respect to taxable value, description of supply, tax, HSN code, ITC with respect to inward supplies
- Details of non-GST transaction Details
- Details on on-going adjudication, litigation, refund claims
Late fees for GSTR 9 | Delayed filing
Late fee @ INR 100 per day under CGST Act and @ INR 100 per day under SGST Act i.e. INR 200 per day may be applicable for belated filing subject to 0.50% turnover in a state.
To learn more on late fees for GSTR 1 and other types of GST returns, click on the link provided.
Simplify GSTR 9 return filing and various reconciliations like GSTR 1 and GSTR 3B, GSTR 2A reconciliation by using GST HERO. One click process.
File your GST returns in minutes, not hours!
Get Live Demo and experience the simplicity by yourself.