The GST council, in its 35th Council meeting has extended the due date for furnishing the returns/reconciliation statements till 31st August 2019 on account of difficulties being faced by taxpayers in furnishing the annual returns in FORM GSTR-9

Hello, in this post we will discuss all about GSTR-9 or the GST annual return. We will talk about:

What is GSTR 9?

GSTR 9 is a compilation return to include all business transaction done for a particular Financial Year. It consists of details regarding the supplies made and received during the year. Under different tax heads i.e., CGST, SGST, and IGST. It consolidates the information furnished in the monthly / quarterly returns during the year.

Different types of GSTR-9

Form Applicability
GSTR 9 Annual return for registered persons under the regular scheme
GSTR 9A Annual return for registered persons under Composition Scheme
GSTR 9B Annual Return for the e-commerce operators who have filed GSTR 8 during the financial year.
GSTR 9C Reconciliation form to be certified by CA / CMA for registered persons with a turnover of more than 2 Crores.

All such taxpayers are also required to get their accounts audited and file a copy of audited annual accounts and reconciliation statement of tax already paid and tax payable as per audited accounts along with GSTR 9C.

GSTR-9 due date

Due date to file the Annual return GSTR-9 is 31st December of the following year. For example, 31st December 2018 for FY 2017-18.

GSTR 9 applicability with GSTR 9 due dates based on types and GSTR 9 penalty for late filing

Details or Format of GSTR 9

PART Details required
Part-I Details of the taxpayer. This detail will be auto-populated.
Part-II The details regarding  Outward and Inward supplies declared during the FY. This detail must be picked up by consolidating summary from all GST returns filed in previous Financial Year.
Part-III Details of the ITC declared in returns filed during the FY. It will be summarised values picked up from all the GST returns filed in the previous FY.
Part-IV Information of tax paid as declared in the returns filed during the FY.
Part-V Particulars of the transactions for the previous FY declared in returns of Apr to Sept of current FY or up to the date of filing of annual return of previous FY whichever is earlier. So, the summary of amendment or omission entries belonging to previous FY but reported in Current Financial Year would be segregated and declared in this part.
Part-VI Other Information consisting details of:

  • GST Demands and refunds,
  • HSN wise summary information of the number of goods supplied and received with its corresponding Tax details against each HSN code
  • Late fees payable and paid details and
  • Segregation of inward supplies received from different categories of taxpayers like Composition dealers, deemed supply and goods supplied on approval basis.

FAQs on GSTR-9

1. Which Form to be filed PAN or GSTN wise?

GSTN wise i.e., separately for each GSTN.

2. What if the GSTN is Cancelled?

Even if your GSTN is cancelled, say during FY 2017-18, taxpayers are required to file GSTR-9.

3. Who cannot file GSTR-9?

  • Composition Dealers
  • Input Service Distributors
  • Tax Deductor
  • Tax Collector
  • Casual taxable person
  • Non-resident taxable person

4. Which form Composition Dealer has to file?

Composition dealer has to file GSTR 9A (Not GSTR-9).

5. What if opted out or in Composition Dealer during the year?

If you have opted out or in Composition Dealer during the year, the taxpayer needs to file GSTR-9 and GSTR 9A for the relevant periods.

6. Is it mandatory to file NIL Return?

Yes, it is mandatory to file NIL Return.

7. What is a NIL return?

Nil return can be filed for the Financial year if you have not: –

  • made any outward supply (commonly known as a sale)
  • Received any goods / services (also commonly known as a purchase)
  • Have no other liability to report
  • Claimed any creditor any refund
  • Received any order creating demand

8. What to file if you have the turnover above Rs. 2 crores during FY 2017-18?

You need to file GSTR-9C after filing GSTR-9.

9. Can GSTR-9 be filed if the taxpayer has not filed GSTR-1 and GSTR-3B?

GSTR-9 cannot be filed unless GSTR-3B and GSTR-1 are filed.

10. Can GSTR-9 be revised?

No, currently GSTR-9 does not allow any revision after filing.

11. Implication of incorrect information in GSTR 9 filed?

Incorrect information can attract tax demands, interest and penalties on the same and the long-term litigations that follow years later.

12. Can additional liability be paid?

Liability identified during the filing of annual return can be deposited with Government using DRC-03 Form (i.e., Liability not earlier paid through GSTR-3B)

13. Will the additional liability be auto-calculated in the Form?

No, Tax Liability needs to be self-calculated and also self-deposited (Except Late filing fees of GSTR-9)

14. Can additional ITC be claimed?

ITC which is not claimed in GSTR-3B cannot be claimed in GSTR-9. Also, the same needs to be claimed in GSTR-3B upto the extended timeline for claiming input credit.

Download:

PDF format of GSTR-9

Related:  GSTR-4: Meaning, Due dates, Late fees, and Penalty