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What is GSTR 9?

October 05, 2021

What Is GSTR 9

GSTR 9 is a GST annual return to be filed annually by taxpayers registered under GST ‘ It is also an annual summary of outward supplies, inward supplies, tax liability, and ITC during a financial year.


What is GSTR 9?

GSTR 9 is a GST annual return statement that has to be filed by a taxpayer once a year. The statement contains the details regarding all supplies made received under various sections (CGST, SGST, and IGST ) in the course of a year in addition to the turnover and audit details for that.

The tax regime has introduced a GSTR9 C audit form, which is to be filed annually and of a turnover of more than 2 crores. It is literally a reconciliation statement between the annual returns filed in GSTR9 and the audited financial statements of the taxpayer.


Who has to file GSTR 9?


All taxpayers registered under GST should file GSTR 9 as per GST rules.

For filing of  GSTR 9 :

  • You have to be a registered taxpayer under GST with a 15 digit PAN-based GSTIN.
  • The turnover of your business must be above 20 lakh.
  • GSTR9 is applicable to all GST taxpayers except those who have Unique Identification Number (UIN) and non resident taxpayers.
  • You are required to capture all the details of all your transactions at the invoice stage for the whole year. It includes intra and interstate transactions, B2B and B2C transactions, transactions related to exempted items, non-GST supplies, and stock transfers between your business locations across various states.


Following taxpayers are exempted to file GSTR9

  • Taxpayers choosing composition scheme ( they should file GSTR 9A)
  • Casual taxable person.
  • Input service distributors.
  • Nonresident taxable person 
  • Persons paying TDS under section 51 of CGST Act.


Due Date, late fee, and penalty 

The due date for filing GSTR 9 is before the 31st of December of the following year. Unless you file GSTR9 within the due date the late fee of 100 Rs per day has to be paid as per the GST act. It means Rs 100 under CGST and Rs 100 under SGST would be applicable in case of delay. Thus the total liability is Rs 200 per day in case of default. That is subject to a maximum of 0.25% of the taxpayer’s turnover in the state or union territory. There is no late fee on IGST now.


Details to be provided in the GSTR 9 

GSTR 9 is divided into 6 parts and 19 sections. Each part requires the details that are available from your earlier returns and account books.

  • Generally, these forms require the disclosure of annual sales dividing it between the cases that are subject to tax and not subject to tax.
  • On the side of the purchase, the annual value of inward supplies and ITC availed thereon is to be disclosed.
  • Moreover, these purchases must be categorized as inputs, input services, and capital goods. Details of ITC that are required to be reversed owing to ineligibility are to be provided.


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