GSTR 9 (Annual Return)

Posted by CA Pankaj Kumar Vats
On 26 Dec 2019
  • It’s an annual return to be filled yearly by every taxpayers under GST Law
  • It’s a consolidation of GSTR-1, GSTR-2A, GSTR-3B & books of accounts of a particular year
  • It consist all the details regarding Output Tax and Input Tax
  • As per the latest amendment, GSTR-9 is made optional for the taxpayers who has turnover, less than Rs. 2 crore
  • Therefore GSTR 9 is mandatory to be filed by every tax payer, whose Turnover is more than Rs. 2 crore

Due Date and Late Fee

  • Due date for filling GSTR-9 is 31st January, 2020  for FY 2017-18
  • Late fee after due date, is Rs.200 per day. (Rs.100 for CGST & Rs. 100 for SGST)

Who is Liable to File GSTR 9

  • Regular Taxpayer
  • Input Service Distributor (ISD)
  • Non – Resident Taxpayers
  • Person who deduct TDS
  • Person who collected TCS
  • Casual Taxpayers

Example

2017-18
  Particular O/P IGST O/P CGST O/P SGST TOTAL
BOOKS 10500 9000 9000 28500
GSTR-3B 10000 9000 9000 28000
GSTR-1 10500 8000 8000 26500

  • There is a mismatch in data of GSTR-3B, GSTR-1 and books of accounts for the F.Y. – 2017-18
  •  This mismatch will be adjusted in next return of F.Y. – 2018-19 to match our data
  • But this adjustment is also need to be informed to the government
  • And the only option we have to inform the government is GSTR-9

This is just the basic Introduction of GSTR 9 (Annual Return), we will be writing more about GSTR 9, in our next posts

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