GSTR-9 is an annual return, to be filled by registered dealers, which contains a consolidated summary of all monthly returns, i.e. GSTR-1, 2A, and 3B under CGST, SGST and IGST during the entire year, along with turnover and audit details for the same. Thus, GSTR-9 can be called a compilation return for all the supplies made and received during the year under different tax heads.
The return can be filed at https://www.gst.gov.in/ either online or through an offline tool. However, in order to download the excel-based GSTR-9 offline utility, your system must meet certain requirements, which can be read at https://www.gst.gov.in/download/gstr9 .
What are the different sub-categories under GSTR-9
|GSTR-9||This is an annual return to be filed by all registered dealers except:|
a. Composition Dealers
|31st December of the preceding year|
|GSTR-9A||This is an annual return to be filed by Composition Dealers and is a consolidation of all quarterly returns filed by the dealer.||31st December of the preceding year|
|GSTR-9B||This is an annual return to be filed by e-commerce operators who have filed GSTR-8 during the Financial Year. Herein, a reconciliation form is to be certified by a CA/CMA in case the turnover of the registered dealer is more than 2 crores INR during the year.||31st December of the preceding year|
|GSTR-9C||GSTR-9C is an annual return to be filed by all dealers whose turnover for the year exceeds 2 crores INR. It is a reconciliation statement between audited financial statements of the year and GSTR-9, with regards to tax already paid and tax payable as per the audited financial statements.||31st December of the preceding year|
Updated due date to file GSTR-9 and 9C for FY 18-19:
The date for filing GST annual returns of FY 18-19, which is due on 31st March 2020 has been further extended till 30th September 2020.
Who is required to file GSTR-9?
You must meet the following conditions:
1. You must be a registered taxpayer under the GST regime and have a 15-digit PAN-based GSTIN.
2. The aggregate turnover of your business must be more than 20 lakhs INR.
3. You must capture the transactions of the entire year, at an invoice level. This includes:
a. Intra-state and inter-state transactions
b. B2B and B2C transactions
c. Transactions associated with exempted items
d. Non-GST supplies
e. Stock transfers between your business locations that are located across different states
Please note that this return applies to all the registered taxpayers excluding those who have a Unique Identification Number (UIN) and non-resident taxpayers.
What is the late fee, interest, and penalty for not filing GSTR-9?
The late fee for not filing GSTR-9 is 100 INR per day for CGST and 100 INR per day for SGST. This means that the total late fee will be 200 INR per day. There is no late fee under IGST as of now. This is subject to a maximum of 0.5% (0.25% for CGST and 0.25% for SGST) of the taxpayer’s turnover in the relevant state or union territory.
Interest to be paid on the outstanding amount
Interest = 18% p.a. to be calculated on the amount of outstanding tax to be paid.
Interest = 24% p.a. if ITC has been claimed more (Bogus Credit) or output is under-reported