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GSTR9 Return Filing, Format, Eligibility & Rule

Introductions

Post our understanding of all the GST process up till now, I idea of the overall culmination of all these lead to the creation and growth of GSTR9.

What is GSTR-9?

GSTR 9 is the annual return. It is a compilation return which includes all business transactions done for the particular Financial Year. GSTR-9 consists of details about 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 particular year.

Different types of GSTR-9

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

What is the due date for GSTR-9?

The due date to file the GSTR-9 is 31st Dec of the preceding year. For example, 31st December 2018 for the FY 2017-18.

Details or Format of GSTR 9

PART Details required
Part-I Details of the taxpayer are required. This detail will be auto-populated.
Part-II Outward and Inward supplies details 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. The summarized values will be picked up from all the returns of GST filed in the previous FY.
Part-IV Information of tax paid as declared in the returns filed during the FY.
Part-V The summary of amendment or omission entries belonging to previous Financial Year but reported in Current Financial Year would be segregated and declared in this part.
Part-VI Other Information:

Demands and refunds of GST,

·         HSN wise summary information of the no of goods supplied and received with its corresponding Tax details against each HSN code

·         Late fees to be paid and paid details

·         Segregation of inward supplies received from different types of taxpayers like Composition dealers, deemed supply and goods supplied on approval.

 

Frequently Asked Questions on GSTR-9

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

GSTN is and must be used at all the forms wise.

  1. What if your GSTN is Cancelled?

Regardless of the position of GSTN status, cancelled or not, GSTR9 must be filed.

  1. Who cannot file GSTR-9?

Below is the list of who cannot file GSTR-9:

  • Composition Dealers
  • Input Service Distributors
  • Tax Deductor
  • Tax Collector
  • Casual taxable person
  • Non-resident taxable person
  1. What if one wishes to opt out or in as 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.

  1. Is it mandatory to file NIL Return?

Yes, it is mandatory to file NIL Return.

  1. What is a NIL return?

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

  • Made any outward supply or sales
  • Received any goods / services or Purchases
  • Have no other liability to report
  • Claimed any creditor any refund
  • Received any order creating demand
  1. Which form to file if you have the turnover above Rs. 2 crores?

When the business turnover is over 2 cores, the registered individual is required to file GSTR-9C after filing GSTR-9.

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

GSTR-3B and GSTR-1 are considered a mandatory process prior to filing GSTR9.

  1. Can GSTR-9 be revised?

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

  1. What are the actions against 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.

  1. 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)

  1. 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)

  1. 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 up to the extended timeline for claiming input credit.

Find Your GSTR-9 Form here: GSTR-9