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What is GSTR 9A?


October 22, 2021

GSTR 9A

As per GST, taxpayers included those under the composition scheme should file GST annual return every year. Form GSTR 9A (for taxpayers under composition scheme) has been invalid from the financial year 2019-20 owing to the introduction of GSTR4(annual return). Anyway, the GSTR 9A is an option and could be filed for the financial year 2018-19.

 

What is GSTR 9 A?

 

GSTR 9 A is an annual return filed by taxpayers under a composition scheme once in a year under GST up to the financial year 2018-19. It includes all information given in the quarterly return filed by the composition taxpayers in the financial year.

 

Who has to file GSTR 9 A?

 

Business owners who are registered under the composition scheme have to file a GSTR 9 A.  it is to be noted that the following persons don’t need to file this return.

  • Non-resident taxable persons.
  • Input service distribution
  • Casual taxable persons
  • Persons paying TDS as per section 51 of the act.
  • E-commerce operators paying TCS as per section 52 of the act.



What is the due date of GSTR 9 A?

GSTR 9 A has to be filed at the end of every financial year.

 

What is the penalty for the late filing of GSTR 9A?

A taxpayer is required to pay a penalty of Rs 200 for every day after the due date till you file the GSTR9A. ( 100 each under CGST and SGST/UTGST as per GST Act).

 

Prerequisites 

For filing the GSTR 9A  as per GST rules the following criteria have to be met :

  • You have to be a registered business owner registered under the composition scheme.
  • Aggregate turnover must be less than Rs 75 lakh per annum and less than Rs 50 lakh per annum in the case of North-Eastern states.
  • Need to keep track of all transactions made in each quarter of the financial year, including all purchases and imports.





Details to be given in GSTR 9A 

Before going through ‘ how to file annual return for GST’, Keep in mind that these details should be with you anyway for filing GSTR 9.

 

Sl No.

Parts of GSTR-9A

Details to be provided

1

Part-I

details such as GSTIN, Legal Name, Trade Name of the taxpayer that is auto-populated, annual turnover of previous FY, and the period of composition scheme during the year.

2

Part-II

Details of outward and inward supplies declared in regular quarterly returns (either quarterly GSTR-4/ CMP-08) filed during the financial year. This input includes the summary from all quarterly returns filed during the FY.

3

Part-III

Details of tax paid as declared in returns filed during the financial year. Tax paid under different sections such as IGST, CGST, SGST, Cess, Interest, Late Fee, Penalty has to be pointed out here.

4

Part-IV

Particulars of the transactions for the previous FY declared in returns of April to September of present FY or up to date of filing of annual return whichever is earlier. This section includes a summary of amendments or corrections regarding the entries of the previous FY. That may be additions or omissions.

5

Part-V

Other Information such as the following given below:

Particulars of Demands and Refunds. Here, details of any demands for tax from the tax department, tax paid on the demand raised, any balance to be paid would be mentioned. Also ,details of Refund claimed, refund received out of the claim, pending refund shall be mentioned.

Details of credit reversed or availed – If a taxpayer moves from regular to composition scheme or vice versa, ITC would be reversed or added respectively. Such details regarding the ITC should be entered here.

Late fee payable and paid – Late fee on account of late payment of tax or late filing of returns should be provided in this section.



How to prepare GSTR 9A & A detailed discussion of form?

It is to be noted that the furnished details in the GST annual return should be correct and true. The Department would start to assess from the data declared in the annual return by the taxpayer. The annual return serves the purpose of correcting mistakes that happened at the time of GSTR 4 filing or CMP -08 up to FY 2018-19. All details furnished in GSTR 9A have to be cross-checked with the account books and the regular forms filed for the entire financial year.

It is to be noted that additional tax liability undeclared in quarterly GSTR 4  or CMP 08 could be declared in GSTR 9A and tax could be paid voluntarily in addition to the interest in DRC -03 Form.

 

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