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Under the Act of GST, It’s made a mandate for every taxpayer to pay taxes and file their returns. The annual return usually consists of information regarding purchases and sales made during the year along with other information about CGST, SGST, and IGST.
When it comes to annual return we have GSTR-9, GSTR-9A, GSTR-9B, and GSTR-9C. Devised under Rule 80 of CGST Rules 2017, namely.
In this article, Let us, deep-dive, into where about of GSTR-9B.
What Is GSTR-9B
Under the annual returns category, GSTR-9B is a return to be filed by every E-commerce operator. This E-commerce is required to collect tax at source under section 52 (5) of the CGST Act, 2017.
The details of outward supplies of goods and services return if any, and the amount collected during the financial year should be presented along with GSTR-9B. It also gives heads up on the details filed in GSTR-8, GSTR-8 is a monthly return to be filed by E-Commerce operators.
Due Date for Filing GSTR-9B
GSTR-9B must be filed by the 31st of December following the end of a financial year.
The due date for filing GSTR-9B for the financial year is 31 December. If the taxpayer fails to file the GSTR-9B before the due date, then a late fee of INR 100 per day will be charged for each day.,
GST 9B Form is yet to be released by the Central Board of Excise and Customs (CBIC).