What is Form GSTR-9?
Form GSTR-9 is an annual return to be filed by the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers in each financial year.
Form GSTR-9 consists of all Outward & Inward Supplies during the F.Y.It is consolidation of all the Monthly or Quarterly returns like GSTR-1, GSTR-2A, GSTR-2B and GSTR -3B filed during the Financial Year.
Applicable to:GSTR 9 – All tax payers except for Composition Dealer (GSTR-4) and CTP/ISD/TDS/NRTP GSTR 9C – All tax payers with annual aggregate turnover above Rupees 2 Crore
GSTR – 9 (annual return for F.Y 2023-24) filing steps can be summarised below:
- Complete the filing of GSTR-1 and GSTR-3B for FY 23-24(From 1.4.2023 to 31.3.2024.)
- Check ITC reconciliation and sales reconciliation from beginning of the financial year to date.
- Pay any short payment of taxes or excess Input claims identified for FY 23-24 by DRC-03.
- File the GSTR-9 on the GST portal.
Format of GSTR-9:
The GSTR-9 Form devided into 6 Parts and 19 Tables which are available in the Books of accounts and from previously filed returns.
- see the below table for better understanding
|
PARTS |
TABLES |
PARTICULARS |
|
I |
1-3 |
Basic Details |
|
II |
4-5 |
Details of Outward supplies |
|
III |
6-8 |
Input Tax Credit |
|
IV |
9 |
Details of Taxes paid |
|
V |
10-14 |
Previous year transactions declared in C. Y |
|
VI |
15-19 |
Other information |
For filing GSTR-9 go to official website https://www.gst.gov.in/ and login to GST portal and file your GSTR-9 carefully.
LATE FEE & PENALTY FOR FAILURE TO FILE GSTR-9:
Late fee and Penalty for not Filing of GSTR-9 charges based on Turnover Limit of Taxpayers.
|
Turnover limit |
Late fee per DAY |
Max late fee |
|
Up to Rs.5 cr |
Rs.50 (Rs 25 for CGST & Rs.25 for SGST Act) |
0.04% of turnover in state/UT (0.02% each under CGST & SGST Act) |
|
More than Rs.5 cr and less than Rs.20 cr |
Rs.100 (Rs 50 for CGST & Rs.50 for SGST Act) |
0.04% of turnover r in state/UT (0.02% each under CGST & SGST Act) |
|
More than Rs.20 cr |
Rs.200 (Rs 100 for CGST & Rs.100 for SGST Act) |
0.50% of turnover r in state/UT (0.25% each under CGST & SGST Act) |
Some Key points regarding GSTR-9:
- once you have filed GSTR-9, you cannot make any revisions.
- You must reconcile your data (GST returns) with your books of accounts carefully before filing.
- CA certificate is not required for filing of GSTR 9( CA Sign not mandatory)
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