Form GSTR-9 is an annual return that all businesses having GST Registration must file. The due date for filing Form GSTR-9 is 31 December of the subsequent financial year.
Learn all about the GSTR-9 which is one of the most crucial parts of the GST Return Filing process through this article.
What is Form GSTR-9?
- Form GSTR-9 is a yearly form that businesses need to file once each financial year. It is for businesses having GST Registration who are regular/ normal gst taxpayers, including SEZ units and SEZ developers.
- In this form, taxpayers have to provide details about their purchases, sales, input tax credit, refunds claimed, or any demands created during the year.
- Purpose of GSTR-9 to reconcile your gst declaration from finalise financial statements on which basis you have filed your income tax return or reports financials to other government departments.
Who needs to file the Annual Return Form GSTR-9?
Businesses registered as normal gst taxpayers, including SEZ units or SEZ developers, and those who switched from the composition scheme to normal taxpayers during the financial year, need to fill out Form GSTR-9.
“Important Note: Composition taxpayers should use Form GSTR-9A. However, casual taxpayers, non-resident taxpayers, ISD, and OIDAR service providers are not required to file the Annual Return”
What’s the difference between Form GSTR-9 and Form GSTR-9C?
Form GSTR-9 is for every person having GST Registration as a normal taxpayer. But certain taxpayers have exemption from filing it based on government notifications.
On the other hand, Form GSTR-9C is for registered persons with an aggregate turnover above a specified threshold.
Furthermore, a Chartered Accountant or Cost Accountant must audit and submit annual accounts and a reconciliation statement.
Is it necessary to fill out Form GSTR-9 for GST Return Filing?
Yes, normal taxpayers must file Form GSTR-9 if annual turnover exceeds 2 Crore.
Know more about it at: GST Annual Return Filing- How to File GSTR- 9, Types & Eligibility
Important Things to Remember While Filing Final Annual GST Return
Active GSTIN Requirement:
The taxpayer must have an active GSTIN during the relevant financial year as a normal/regular taxpayer, even for a single day.
Filed Applicable Returns Obligation:
The taxpayer must have completed gst returns filing for the financial year, i.e., Form GSTR-1/IFF and Form GSTR-3B, for the relevant financial year before filing the Annual Return.
Filing Nil Form GSTR-9 Conditions:
You can file Nil GSTR-9 Form if the taxpayer has:
- Not made any outward supply (sale)
- Not received any goods/services (purchase)
- No other liability to report
- Not claimed any credit
- Not claimed any refund
- Not received any order creating demand
Filing Process for Form GSTR-9:
- Form GSTR-9 can be filed through the GST Portal’s “Services > Returns > Annual Return” section.
- An offline tool for filing Form GSTR-9 is also available.
Due Date for Form GSTR-9:
The due date for filing Form GSTR-9 for a particular financial year is December 31st of the subsequent financial year. It means for filing GSTR-9 for the Financial year 2022-23 is 31st December 2023.
Filing at GSTIN Level:
Form GSTR-9 is required to be filed at the GSTIN level, i.e., for each separate gst registration number. In addition, If a taxpayer has multiple GST registrations under the same PAN, they must file separate annual returns for each registration.
Prerequisite for Filing Annual GST Return:
The Annual Return (Form GSTR-9) cannot be filed without filing Form GSTR-1 and Form GSTR-3B for all applicable periods during the relevant financial year.
Signing Options for Form GSTR-9 (Final Annual GST Return)
- Form GSTR-9 can be signed using either a Digital Signature Certificate (DSC) or an Electronic Verification Code (EVC).
- DSC: A DSC is a digital equivalent of a physical or paper certificate. It can be used to prove one’s identity and to sign documents electronically. The GST Portal only accepts PAN-based Class II and III DSCs.
- EVC: An EVC is a code that is sent to the registered mobile phone number of the Authorised Signatory. The EVC is used to authenticate the identity of the user and to sign the Form GSTR-9..
Important FAQs regarding GSTR-9 | Annual GST Return filing
Q: Can I download system computed values of Form GSTR-9?
A: Yes, taxpayers can download the system computed values for Form GSTR-9 in PDF format.
Q: Will consolidated summaries of Form GSTR-1 and Form GSTR-3B be made available for the returns filed during the financial year?
A: Yes, consolidated summaries of all filed Form GSTR-1 and Form GSTR-3B statements for the relevant financial year are available for download in PDF format.
Q: Can I download document-wise details of Form GSTR-2A, which are considered for computing the values of Table 8A in Form GSTR-9?
A: Yes, taxpayers can download document-wise details of Form GSTR-2A, which have been considered for determining the values for Table 8A in Form GSTR-9, in Excel format.
Q: Which table details are available in the downloaded Excel sheet of Form GSTR-2A?
A: The details of Table B2B, B2BA, CDNR, and CDNRA will be available in the downloaded Excel sheet.
Q: Can I make changes to Form GSTR-9 after clicking “Proceed to File”?
A: Yes, you can make changes to Form GSTR-9 before filing. However, certain fields are auto-populated and cannot be edited.
Q: What happens when I click the “COMPUTE LIABILITIES” button?
A: Clicking the “COMPUTE LIABILITIES” button processes the information you entered and calculates any late fees. Furthermore, Late fees are assessed if the annual return is filed after the due date.
Q: Is there a late fee for filing Form GSTR-9 late?
A: Yes, there is a late fee for filing Form GSTR-9 after the due date.
Q: When does the “Late fee payable and paid” tile become available?
A: Once the Form GSTR-9 status is “Ready to File” and liabilities are calculated, the “Late fee payable and paid” tile becomes available for the taxpayer to file Form GSTR-9.
Q: Can I file Form GSTR-9 without paying the late fee (if applicable)?
A: No, you cannot file Form GSTR-9 without paying the late fee, if applicable, if the form is filed after the due date.
Q: Are there any payment options other than late fees (if applicable) in Form GSTR-9?
A: No, there are no other payment options in Form GSTR-9.
Moreover, If you want any other guidance relating to GST Return Filing online please feel free to talk to our business advisors at 8881-069-069.
Download E-Startup Mobile App and Never miss the latest updates narrating to your business.