GSTR-9 or GST Annual Return must be filed by all regular taxpayers registered under GST. The casual taxable persons and non-resident taxable person’s category are not required to file GSTR-9 because they are input service distributors. 30th June 2019 is the due date for filing GSTR-9 for FY 2017-18.
What is GSTR-9 Filing?
The persons registered under GST composition scheme are used to file GST annual return or GSTR-9 .It is a type of GST return that must be filed by regular taxpayers and. GSTR-9 should be filed each year through the GST Common Portal or at a GST Facilitation Centre.
Who should file GSTR-9A return?
GSTR-1, GSTR-2 and GSTR-3 are filed by regular GST taxpayers and it should also file GSTR-9A on or before 31st December, consolidating information furnished during the previous financial year.
Who should file GSTR-9B return?
Electronic commerce operators are used to file GSTR-9B return or it should be filed by who are required to collect tax at source. Electronic commerce operators In addition to GSTR-9B return and also to file GSTR-8 return every month.
Who should file GSTR-9C return?
Under GST having an annual aggregate turnover of over Rs. 2 crores during a financial year are Regular taxpayers. They are required to get their accounts audited and file a copy of the audited annual account and reconciliation statement along with GSTR-9C return. The annual audit of GST can be done by a practicing Chartered Accountant or Cost Accountant.
What information should be filed in GSTR-9 return?
The following information is expected to be filed in 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.)
- Turnover Details
- Profit as Per the Statement of Profit and Loss
- Gross Profit
- Profit after Tax
- Net Profit
- Details of Statutory Audit
What is the due date for filing GSTR-9 return?
31st December (now changed to 30 June 2019) is the due date of GSTR-9 return or GST annual return for all persons registered under GST. If an audit is required for GSTR- filing, then the details of audited statements should also be filed.
What is the penalty for late filing of GSTR-9 return?
Late filing of GSTR-9 return a per day penalty of Rs.100, up to a maximum amount of Rs.5000 would be applicable. File GSTR-9 return on the GST Portal only if all the GSTR-1, GSTR-2 and GSTR-3 returns are filed.
Should GSTR-9 return be audited?
GSTR-9 accounts can be audited by a practicing Chartered Accountant or Cost Accountant. Regular taxpayers registered under GST having an annual aggregate turnover of over Rs.2 crores during a financial year are required to file GSTR-9 return with audited accounts.