GST annual return in a financial year is filed using GSTR-9. A full account of supplies that have been received and sent in accordance with the CGST, SGST, IGST, is also provided on form GSTR-9. Every person registered under the GST law with an annual revenue of less than ?2 crores is required to submit annual returns using form GSTR-9, and form GSTR-9C is used to submit the reconciliation statement.
Form GSTR-9 is an annual return filed by registered taxpayers who are regular taxpayers, including SEZ units and SEZ developers. Taxpayers must provide information on their purchases, sales, input tax credit or refund claimed, demand generated, and so on.
Do you want to file your Annual Return with 100% Accuracy?
Contact S2S Biz Solutions Pvt Ltd: 9776030005/9178343858
Different Types of GST Annual Return Forms
GST annual return forms are filed according to the taxpayer category. While GSTR-9 is the most generally used form for submitting annual reports, there are three other forms available to anyone who have done gstin registration.
GSTR-9A: Composition dealers (small taxpayers under GST who pay fixed rates of tax) and others who are registered under GST law and have opted for the GST composition scheme must file GSTR-9A.
GSTR-9B: This form is for e-commerce operators who are registered under GST law and have filed GSTR-8 as required during the financial year. They must file annual returns using the GSTR-9B form.
GSTR-9C: This form is for individuals who are required by law to have their GST accounts audited. These individuals must be registered under the GST law and have an annual turnover of more than ?2 crores in a financial year to be eligible for this form.
Every GST-registered taxpayer is obligated to file an annual return using form GSTR-9. Some persons, however, are exempted from this requirement if they are registered as:
A casual taxable person a taxpayer who only supplies taxable products or services on occasion
A non-resident taxable taxpayer who provides taxable products or services on an as-needed basis but has no place of business or domicile in India
An Input service distributor, a taxpayer who distributes input tax credit for services billed in one state, but avails tax credit in another state
Individuals liable for TDS, who receive payment after tax is deducted.
The deadline for filing GSTR-9 for a financial year is 31 December of the year following the relevant financial year. For example, the GSTR-9 due date for financial year 2022-23 is 31 December 2023
If the required forms are not filed by the due date, penalties in the form of late fees will be imposed. A daily penalty of ?100/- (CGST & SGST) or ?200/- would be imposed, subject to a maximum of 0.25% of the taxpayer's revenue for that financial year.
GSTR-9 Form: Format
A GSTR-9 format comprises of 6 parts and 19 Sections, they are:
Part 1: When the GST annual return form is submitted on the portal, basic details such as name, GSTIN, trade name, and fiscal year are recorded in this section
Part 2: The second section of the GSTR-9 format contains all of the information related to outward supplies as filed for the annual GST return, for:
Part 3: This section contains information on the input tax credit received and reversed for the fiscal year for the following sections:
Part 4: This section contains information on tax paid as reported in previous fiscal year returns. The following details has to be provided
Part 5: Transactions made in the previous fiscal year and declared in any of the quarterly returns filed in the same fiscal year, or in the GST annual return filing (whichever is the earliest)
Part 6: The following information is required for this section -