What is GSTR 9 Annual Return?

• Posted on Jul 24, 2020
• |
• By Vishal Satwara

What is GSTR 9 Annual Return?

GSTR 9 is an annual return to be filed by once a year by a taxpayer registered under GST.

This return contains information of outward & inward supplies made and received during the entire year along with different tax heads (CGST, SGST & IGST, and HSN codes).

It is the consolidation of all the GSTR 3B & GSTR 1 filled return throughout the year & gives the opportunity to reconcile the data.

Who should file GSTR 9 Annual Return?

• All normal taxpayers who are filing GSTR – 3B & GSTR – 1 (Including SEZ units & SEZ developers)
• A composition taxpayer who changed to a normal taxpayer during the year.

Who are not required to file GSTR 9 Annual Return?

• A taxpayer who registered under the composition scheme.(They need to file GSTR 9A)
• A casual taxpayer
• Input service distributors
• A non-resident taxpayer
• Persons paying TDS u/s 51

Due Date, Late Fees & Penalty?

The due date to file GSTR-9 for 2018-19 is 30th September 2020.

The late fees of not filing the GSTR 9 within the due date is ₹200 per day (₹100 CGST + ₹100 SGST). This is subject to a maximum of 0.25% of the taxpayer’s turnover.

What are the details required to be filled in GSTR 9 Annual Return?

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.

Part I: Basic Details

Part II: Details of outward supplies as reported in returns during the financial year

Part III: Details of ITC availed and reversed, declared in the Returns filed during the Financial Year

Part IV: Details of taxes paid, as declared in returns filed during the financial year

Part V: Particulars of the transactions for the previous FY declared in returns of April to September of current FY or up to the date of filing of annual return of previous FY whichever is earlier (Table 10 to 14)

Part VI: Other information

If you need help in filing GSTR 9 Annual Return, contact us on +91 7777996672.

• Posted on Jul 24, 2020
• |
• By Vishal Satwara
• |
• 0 Comments