GSTR-9 - All About GST Annual Return

by Kanika Sharma 6.9K

Introduction

Nowadays there is a buzz in the market regarding GSTR-9; the government has introduced an annual return form GSTR-9 with an intention to detect tax evasion and fraudulent claims of input tax credit under the Goods and Service Tax (GST). At present there are no detailed GST monthly return forms which facilitate matching of credit claims; GSTR-9 is one of the measures for tax authorities to detect the same.
 

What is GSTR-9?


The Goods and Service Tax Return- 9 is an annual return which needs to be filed once in a year by the registered taxpayers. This return contains the details of all supplies made and received under various tax heads i.e., CGST, SGST and IGST during the entire year.

 In simple words, GSTR-9 basically consolidates the information furnished in the monthly/quarterly returns filed during the year.
 

Who needs to file GSTR-9?


The GSTR-9 needs to be mandatorily filed by all registered taxpayers under GST. However, there are some categories of person who are excluded from filing GSTR-9:-

What are the various types of GSTR-9 return forms?


There are four types of GSTR-9 return forms which are as under:-

What is the due date of filing of GSTR-9?
 

GSTR-9 due date is on or before the 31st December of the following financial year. That is if you are filing the GSTR-9 for F.Y. 2017-2018 then you have to file the same up to 31st December 2018.


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

If GSTR-9 is not filed on or before the due date then penalty shall be as under:-

S.No.

Under Act

Penalty Applicable

1.

CGST

Rs. 100 per day

2.

SGST

Rs. 100 per day

3.

IGST

NIL

 

Total

Rs. 200 per day

However, the maximum of such penalty will be 0.25% of the Total Turnover in the respective State or Union Territory.
 

Whether revision of GSTR-9 is possible?
 

The revision of GSTR-9 is not possible i.e., its once filed cannot be revised.

If any error or omission made in the return then same can be revised in the monthly return of the month in which it is identified.

 

What are the details to be furnished in GSTR-9?
 

The Form GSTR-9 is divided into 6 parts. The following details are required part wise:-

You can connect with Hubco.in by Clicking here or post your query on info@hubco.in, where expert CA’s help you out in filing of your GSTR-9 Form.

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