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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. The return consists of details such as inward/outward supplies, taxes paid, refund claimed, demand raised and ITC availed by the taxpayer.
All registered taxpayers are required to file GSTR-9 except:
- Casual taxpayers
- Input Service Distributors
- Non-resident taxpayers
- Taxpayers deducting/collecting tax at source under Section 51 or Section 52
(Note: Composition taxpayers have to file GSTR-9A, and E-commerce operators have to file GSTR-9B.)
The late fees for not filing the GSTR 9 within the due date is Rs 100 per day, per act. That means late fees of Rs 100 under CGST and Rs 100 under SGST will be applicable in case of delay.
- Thus, the total liability is Rs 200 per day of default. This is subject to a maximum of 0.25% of the taxpayer’s turnover in the relevant state or union territory. However, there is no late fee on IGST yet.
GST Annual Return Filing FAQ’s
Cases where the business of an assessee is shifted from Regular to Composition or vice versa, the turnover and purchases have to be segregated in the following manner:
- Turnover of a period where the assessee is registered under Regular Scheme: Should be reported in GSTR-9
- Turnover of a period where the assessee is registered under Composition Scheme: Should be reported in GSTR-9A.
- Segregate purchases: Compute purchases for the period during which an assessee was registered as Regular taxpayer and report the same under GSTR-9 to claim ITC. However, ITC cannot be claimed on purchases made during the period where the assessee was registered under Composition Scheme.
If CGST, SGST, and IGST are interchanged while reporting in GSTR-1, the same cannot be corrected while filing GSTR-9. Table 9 – Details of taxes paid of GSTR-9 cannot be edited except tax payable column. However, the assessee can correctly report the actual taxes payable under respective heads while updating Table 9, though, this correct reporting does not account for automatic intra-adjustment of tax under CGST, SGST, and IGST. The shortfall of tax needs to be paid off while filing GSTR-3B of the subsequent month or by filing DRC-03 and the taxes paid in excess erroneously can be claimed as a refund. Also, there is no interest liability on taxes shortly paid in such cases.
Table 4 of GSTR-9 requires details of both B2B and B2C supplies. In this case, the assessee has to report sales under B2B in Table 4, as this is the correct classification even though it was wrongly reported as B2C in GSTR-1.
No, a refund of credit notes which cannot be adjusted in FY 2018-2019 (pertaining to FY 2017-2018) cannot be claimed as the incidence of tax on such supply has been passed to the recipient.
No additional credit can be claimed in GSTR-9 which has not been claimed in GSTR-3B. However, credit claimed in TRAN-1 filed, can be reported in GSTR-9 under Table 6K/6L or Table 13, as applicable.
The difference between auto-populated ITC details from GSTR-2A and those declared in GSTR-3B needs to be explained in GSTR-9 under the following 2 heads:
Table 8E: ITC available but not availed
Table 8F: ITC available but ineligible
The excess claimed credit in GSTR-3B can be reversed by reporting such amount in Table 4(B)2 of GSTR-3B of the subsequent month. The same can also be disclosed in Part V Point 12 of GSTR-9.
A NIL GSTR-9 annual return can be filed only if all of the below criteria are met for that financial year:
No outward supply
No receipt of goods/services
No other liability to report
Not claimed any credit
No refund claimed
No demand order received
No late fees to be paid
There is no similarity between GSTR-9A and GSTR-9C. GSTR-9A is the annual return form to be filed by Composition Dealers. GSTR-9C is a reconciliation statement between GSTR-9 and the annual audited financial statements.
GSTR-9 is an annual return under GST to be filed once every year only by registered taxpayers under GST under the Regular Scheme (Monthly/Quarterly). GSTR-9C is a reconciliation statement between GSTR-9 and the audited books of accounts.
No, it is not compulsory to give HSN code for turnover below Rs 1.5 crore.
No, we cannot amend GSTR-9.
It is very important that any unreconciled differences are adjusted before filing GSTR-9 as GSTR-9 cannot be revised. Any difference between the Sales Register and GSTR-1 returns filed can be manually edited in GSTR-9.
GSTR-9 is divided into 6 parts and 19 sections. Each part asks for details that are easily available from your previously filed returns and books of accounts.
- Broadly, this form asks for disclosure of annual sales, bifurcating it between the cases that are subject to tax and not subject to tax.
- On the purchase side, the annual value of inward supplies and ITC availed thereon is to be revealed.
- Furthermore, these purchases have to be classified as inputs, input services, and capital goods. Details of ITC that needs to be reversed due to ineligibility is to be entered.