GSTR-9 Filing – GST Annual Return

GSTR-9 or GST Annual Return must be filed by all regular taxpayers registered under GST having a revenue of over Rs.2 crores. The only category of GST registered entities not required to file GSTR-9 filing are input service distributors, casual taxable persons and non-resident taxable persons. The due date for filing GSTR-9 for FY2017-18 is 30th November, 2019. In this article, we look at GSTR-9 filing in detail.

Due Date Extension

As per the latest notification from the Ministry of Finance, the due date of filing GSTR-9 is extended upto 31st December 2019 for the FY 2017-18 and upto 31st March 2020 for the FY 2018-19. Please find the notification below:

What is GSTR-9 Filing?

GSTR-9 or GST annual return is a type of GST return that must be filed by regular taxpayers and persons registered under GST composition scheme. GSTR-9 must be filed each year through the GST Common Portal or LEDGERS GST Sofware or at a GST Facilitation Centre.

Who should file GSTR-9A return?

Regular GST taxpayers filing GSTR-1, GSTR-2 and GSTR-3 must file GSTR-9A, consolidating information furnished during the previous financial year.

Who should file GSTR-9B return?

GSTR-9B return should be filed by electronic commerce operators who are required to collect tax at source. In addition to GSTR-9B return, electronic commerce operators will also be required to file GSTR-8 return, every month.

Who should file GSTR-9C return?

Regular taxpayers registered under GST having an annual aggregate turnover of over Rs.2 crores during a financial year are required to get their accounts audited and file a copy of the audited annual account and reconciliation statement along with GSTR-9C return. The GST annual audit can be done by a practising Chartered Accountant or Cost Accountant.

What information should be filed in GSTR-9 return?

The following information is expected to be filed in GSTR-9A return:

1. Total value of purchases on which ITC availed (inter-State)
2. Total value of purchases on which ITC availed (intra-State)
3. Total value of purchases on which ITC availed (Imports)
4. Other Purchases on which no ITC availed
5. Sales Returns
6. Other Expenditure (Expenditure other than purchases)
7. Total value of supplies on which GST paid (inter-State Supplies)
8. Total value of supplies on which GST Paid (intra-State Supplies)
9. Total value of supplies on which GST Paid (Exports)
10. Total value of supplies on which no GST Paid (Exports)
11. Value of Other Supplies on which no GST paid
12. Purchase Returns
13. Other Income (Income other than from supplies)
14. Return reconciliation Statement
15. Arrears (Audit/Assessment etc.)
16. Refunds
17. Turnover Details
18. Profit as Per the Profit and Loss Statemen
19. Gross Profit
20. Profit after Tax
21. Net Profit
22. Details of Statutory Audit

What is the penalty for late filing of GSTR-9 return?

A per day penalty of Rs.100, up to a maximum amount of Rs.5000 would be applicable for late filing of GSTR-9 return. Only if all the GSTR-1, GSTR-2 and GSTR-3 returns are filed, the taxpayer would be able to file GSTR-9 return on the GST Portal.

Should GSTR-9 return be audited?

Yes. Regular taxpayers registered under GST having an annual aggregate turnover of over Rs.5 crores during a financial year are required to the GSTR-9 return with audited accounts. GSTR-9 accounts can be audited by a practising Chartered Accountant or Cost Accountant.