GST Annual Return Filing

When does GSTR9 have to be filed?

According to the 37th GST Council Meeting, GSTR-9 must be filed by November 30, 2019, for the financial period 2018-19. The last date to submit the return amount is December 31 2020.

Types of GSTR 9

There are four different types of annual returns as per the GST regime, and they are as follows:

• It is mandatory for taxpayers who file GSTR 1 and GSTR 3B to file GSTR 9.
• Small Business Owners, specifically Composite Owners, must file GSTR 9A if registered under GST.
• E-commerce firms that collect tax and submit GSTR 8 must file GSTR 9B for that financial year.
• All taxpayers with a yearly turnover exceeding Rs 2 crores must fill out the GSTR 9C form. They must have their annual accounts edited.

Who is liable for filing GSTR9?

If one falls under these categories, then they are liable to file GSTR9:-

• If your company’s total revenue is more significant than 20 lakh rupees.
• The details of all the transactions with individual invoices must be collected throughout the year. This covers business-to-consumer business-to-business and intra-state and inter-state transactions, non-GST suppliers, exempted items, and stock transfers between different branches of your business sites in various states.

GSTR-9 Annual Return Filing Instructions

The GSTR 9 format captures a wide range of data on a taxpayer’s inbound and outbound supply, ITC, tax paid, and other elements that affect tax liability for the year. Eazy Startups Team has provided brief instructions on how to file annual returns:-

• The first section of the GSTR 9 form asks for basic information like Name, fiscal year, GSTIN etc.
• Section 2 collects data on various transactions dividing them into two parts.
• The GSTR-9 form’s section 3 inquiries about ITC balance and is divided into three parts.
• In Section 4, the details of any advances, purchases, sales, and stock is mentioned.
• Section 5 asks for sales and supplies with no due taxes per the GST return filed during the year.
• In Section 6, it is a must to provide all necessary details regarding the ITC that you might have claimed throughout the financial year and the submitted returns. This section covers all of the past taxes you have paid and the returns filed during this year.
• Section 10 is where you can list all of the details about transactions during the preceding fiscal year.
• The GSTR-9 form’s final section collects information not previously submitted, such as demands and refunds, certain unique types of supplies, HSNs, and late fees. Fill in the following information about demands and refunds in Section 15.
• Section 16 collects data on supplies received from considered supplies, composition taxpayers, and products sent intentionally.
• Section 143 materials are deemed supplies. These goods are usually procured for selling purposes but then utilized for personal use as free items or samples.
• In Sections 17 And 18, the HSN-wise details for both sales and purchase supplies and according to that, their tax details are entered.
• Section 19 has all information about the late fines and charges paid to the central and state government.
• You must use a digital signature certificate (DSC) or an Aadhar-based signature verification process to sign and validate the GSTR-9 return before filing it.

Frequently Asked Questions