GSTR 9 - Latest GSTR 9 Form

All the regular taxpayer registered under GST and having an annual turnover of more than Rs.2 crore should file GSTR-9 or GST Annual Return. 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: [pdf-embedder url="https://www.indiafilings.com/learn/wp-content/uploads/2017/07/GSTR-9-9A_Due-date-Extension.pdf" title="GSTR-9 & 9A_Due date Extension"]

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?

All the electronic commerce operators collecting tax at source shall file GSTR-9B return. n addition to GSTR-9B return, electronic commerce operators shall also file GSTR-8 return, every month.

Who should file GSTR-9C return?

Regular taxpayers having an aggregate turnover of over Rs.5 crore during a financial year and registered with GST must audit the accounts maintained by the taxpayer and file a copy of the audited annual account and reconciliation statement along with GSTR-9C return. To audit the returns, the taxpayer can approach a practising Chartered Accountant or Cost Accountant.

What information should be filed in GSTR-9 return?

The taxpayer shall provide the following information while filing GSTR-9A return:

Total value of purchases on which ITC availed (inter-State)
Total value of purchases on which ITC availed (intra-State)
Total value of purchases on which ITC availed (Imports)
Other Purchases on which no ITC availed
Sales Returns
Other Expenditure (Expenditure other than purchases)
Total value of supplies on which GST paid (inter-State Supplies)
Total value of supplies on which GST Paid (intra-State Supplies)
Total value of supplies on which GST Paid (Exports)
Total value of supplies on which no GST Paid (Exports)
Value of Other Supplies on which no GST paid
Purchase Returns
Other Income (Income other than from supplies)
Return Reconciliation Statement
Arrears (Audit/Assessment etc.)
Refunds
Turnover Details
Profit as Per the Profit and Loss Statemen
Gross Profit
Profit after Tax
Net Profit
Details of Statutory Audit

Penalty for Late Filing

A per day penalty of Rs.100, up to a maximum amount of Rs.5000 would be applicable for late filing of the 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 having an aggregate turnover of over Rs.5 crore during a financial year and registered with GST must file GSTR-9 returns. To audit GSTR-9 return, the taxpayer can approach a practising Chartered Accountant or Cost Accountant.