gst return filing

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)

gstr 9 filing

Types of GSTR 9 Annual Return:

Type

Details

GSTR 9

  • Every registered person other than those required to file GSTR 9A or GSTR 9B
  • GSTR 9A

  • Every person registered under composition scheme
  • GSTR 9B

  • Every e-commerce operator required to collect tax at source under section 52. GSTR 9B is not required to be filed for FY 17-18 as the provisions for the same are applicable from 1st October 2018.
  • Applicability of various annual returns:

  • Nil GST return: Where a person is registered under GST but has no transactions during the year is required to file Nil annual return.
  • Where a person has cancelled his registration during the financial year, is required to file annual return for the period for which he was registered under GST.
  • Where a person has opted in and out of composition scheme during the same financial is required to file both GSTR 9 and GSTR 9A for respective periods as applicable.
  • 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.

    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 filing and various reconciliations like GSTR 1 and GSTR 3B, GSTR 2A reconciliation by using GST HERO. One click process.


    CA Sugandh Jain Parmar

    About the author

    CA Sugandh Jain Parmar is a practicing Chartered Accountant with an experience of over 4 years.

    Having associated with one of the Big 4 audit firms in India for 2 years, she has knowledge on internal audit and internal financial controls.

    Currently, her domain specialization includes providing GST consultancy and advisory services.

    Her articles focus on balancing information and in-depth information on GST related topics.

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