September 02, 2019
Every registered tax payer has to file the GSTR 9 document once a year. The GSTR 9 covers the annual sales and purchase details coming under various tax heads like CGST, SGST and IGST. The turnover and audit details of these tax rates also need to be entered. Filing GSTR 9 is also applicable to entities having no transaction in a particular year.
Government has also introduced GSTR 9C audit form to be filed by those tax payers whose annual turnover exceeds Rs.2 Cr. GSTR 9C is regarded as a settlement statement between the annual returns filed in GSTR 9 and audited annual financial statements of taxpayer. If a tax payer’s registration has been cancelled, then also he has to file annual return unless final return has been files and cancellation done before the end of the financial year. Before filing GSTR 9, the tax payer has to file GSTR 1 and GSTR 3B.
GSTR 9 is to be filed by all the tax payers or taxable person registered under the GST regime. Once the GSTR 9 form is filed, there is no option to reverse the filing process.
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GSTR 9 |
Should be filed by the regular taxpayers who are filing GSTR 1 AND GSTR 3B |
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GSTR 9A |
Should be filed by the those registered under the composition scheme of GST |
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GSTR 9B |
Should be filed by the e-commerce operators who have filed GSTR 8 during a particular financial year |
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GSTR 9C |
Every person registered under GST, whose aggregate turnover during a financial year exceeds Rs.2 Cr would need to get his accounts audited as specified under sub-section (5) of section 35 of the GST Act. A copy of the audited annual accounts and a reconciliation statement, duly certified, should be furnished in GSTR 9 |
The decision on due date is solely exercised by the government and the laws pertaining to due date can be amended based on the circumstantial factors. If necessary, at times the government can amend the due date for filing GSTR 9.
In the FY 2017-18, the due date for filing GSTR 9 was on June 30, 2019. Now it has been extended to 30th November 2019.
If the tax payer fails to file the GSTR 9 form, a penalty of RS.100 under CGST and Rs.100 under SGST, thus accumulating to a total of Rs.200 will be charged as penalty fee for late submission on a daily basis. This means each day the person will have to pay Rs.200 as late fee. However, IGST has no late fee.
GSTR form requires the following fields under its 6 parts to be furnished. The supporting data for filing GSTR 9 can be easily referred from the details from GSTR 1, GSTR 2A and GSTR 3B.
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Part 1 |
Basic details of the tax payer to be entered in this section. These details will be auto-populated. |
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Part 2 |
The data to be entered in this section is validated from the consolidated summary of the GST returns filed in the preceding FY. |
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Part 3 |
The user has to enter the summarized values from all GST returns filed in the previous FY and details of Input Tax Credit (ITC) acknowledged in returns field during the FY. |
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Part 4 |
Input the data stated on tax paid in the returns filed during FY |
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Part 5 |
Tax payer has to furnish the details of transactions of the returns filed in previous FY and that of April – September of the current FY or till date filing of GSTR 9 of previous FY, whichever comes first |
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Part 6 |
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After entering the essential details in the above six section of GSTR 9 a Verification section has to be confirmed by signing on the provided area along with other details to be furnished (as shown below):
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Verification: I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed there from and in case of any reduction in output tax liability the benefit thereof has been/will be passed on to the recipient of supply. Signature |
