GSTR 9: Annual GST Return
Category: GST, Posted on: 07/07/2020 , Posted By: Webtel

GSTR9 GST Annual Return

What is GSTR-9 annual return?
It is a summary of the outward and inward supplies made/received during the relevant previous year.

Who is liable to file GSTR-9, the annual return?
All taxpayers/taxable persons registered under GST must file their GSTR-9.
Except:
  1. Casual Taxpayers
  2. Input Service Distributors
  3. Non-resident Taxpayers
  4. Taxpayers under composition scheme (They must file GSTR-9A)
  5. E-commerce operators (They must file GSTR-9B)
  6. TDS deductor or TCS collector under Section 51 or Section 52 of the CGST Act.
For FY 17-18 & 18-19, it is mandatory only if turnover exceeds Rs 2 crore.

What is the due date for filing GSTR-9?
  1. GSTR-9 (GST Annual Return) is to be filed by 31 December of the year following the particular financial year.
  2. The annual return filing date has been extended several times for financial years 2017- 18 & 2018-19.
  3. The due date for filing GSTR-9 (Annual Return) for FY 2018-19 is extended to June 30, 2020.
What are the consequences of not filing GSTR-9 In time?
  1. Late fee for not filing GSTR-9 return on time: Rs100 per day under CGST & Rs 100 per day under SGST i.e. a total of INR 200 per day,
  2. Maximum late fee: 0.25% of the total turnover of the taxpayer in the respective State or Union Territory.
*As per the decision taken in the 39th GST Council Meeting, for businesses with less than Rs 2 crore aggregate turnover in FY 2017-18 and FY 2018-19, no penalty or a late fee will be imposed for the delayed filing of GSTR-9.

What details are required to be filled in GSTR-9?
The basic details which have to be provided in GSTR-9 are as follows:
  1. Details of Sales with the breakup of those on which tax is payable and not payable.
  2. Details of Purchases.
  3. Tax payable.
  4. Input Tax Credit available and reversed.
  5. Details of transactions of sales and Input tax credit in the subsequent year but pertaining to the year for which return is being filed.
  6. Besides that other details like HSN wise breakup of Sales & Purchases, Summary of Demands & Refunds, etc have to be provided.
  7. For FY 17-18 & 18-19, some of the sections have been made optional.
Can a “NIL” GSTR-9 return be filed?
Yes, a Nil GSTR-9 can be filed if all the following conditions are satisfied:
  1. No outward supply.
  2. No receipt of goods/services.
  3. No other liability to report.
  4. Not claimed any credit.
  5. No refund claimed.
  6. No demand order received.
  7. No late fees to be paid.
If the figure has to be reported in any of these, nil return cannot be filed.

How Web-GST simplifies your GST filing?
Web-GST is an across the board GST software that simplifies your GST return filing experience with useful tools & insightful reports.
  1. No outward supply.Desktop-based Solution with 100% Data Security.
  2. Easy & Prompt way to prepare & file GSTR 1, 3B, 9, & 9C etc.
  3. Download GSTR-2A in one-click for the whole financial year or YTD.
  4. Automatically identifies data mismatches for GST compliance.
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  7. Experience Seamless Integration with ERPs and GSTN (Premium version).
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For any questions or queries regarding GSTR 9 or Webtel's GST software, please write to contactus@webtel.co.in or simply comment to this article.

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