GST Annual Return for Regular Taxpayers: GSTR-9
What is GSTR-9?
GSTR-9 is the Annual Return that a registered taxpayer under GST needs to file once for each financial year. It comprises of details of sales, purchases, input tax credit, demand and refund.
Who should file GSTR-9?
- The taxpayers registered under the regular scheme
- Taxpayers who have shifted from Composition Scheme to Regular scheme any time during the financial year
- Taxpayers who have shifted from Regular scheme to Composition scheme any time during the financial year
- SEZ Units i.e. Special Economic Zone Units
- SEZ Developers i.e. Special Economic Zone Developers
The following taxpayers should not file GSTR-9:
- Taxpayers registered under composition scheme who did not opt for regular scheme during the financial year
- NRTP i.e. Non-Resident Taxable Persons
- ISD i.e. Input Service Distributor
- CTP i.e. Casual Taxable Person
- TDS Deductor i.e. persons required to deduct tax at source
- E-Commerce Operator or TCS Collector i.e. persons required to collect tax at source
When should I file GSTR-9 under GST?
Due Date to file GSTR-9 is 31st December of the next financial year. However, the GST council extended the due date to file GSTR-9 of FY 2017-18.
How much is the Late Fee for filing GSTR-9 after the due date?
If the taxpayer does not file GSTR-9 on or before the due date, he is liable to pay a Late Fee of Rs.200 (CGST Rs.100 and SGST Rs.100) for each day of delay. The Late Fee is calculated from the date after the due date up to the date of filing of the return.
What information is required to be reported under GSTR-9?
Following basic details of the taxpayer are auto-populated:
- Financial Year – Enter the financial year for which the taxpayer files the return
- GSTIN i.e. GST Identification Number of the taxpayer
- Legal Name and Trade Name of the business
Following details are auto-filled based on the GSTR-1 and GSTR-3B filed during the financial year:
- Sales including exports on which tax is payable
- Purchases on which tax is payable under reverse charge mechanism
- Advances on which tax is payable
- Credit Note or Debit Note issued for the above cases
- Sales including exports on which tax is not payable
- Input Tax Credit on purchases availed during the financial year by filing GSTR-3B
- Input Tax Credit reversed and the ineligible input tax credit for the financial year
The following information is auto-filled and cannot be edited by the taxpayer. Thus, the taxpayer can only review this information.
- ITC i.e. Input Tax Credit details auto-filled based on the details auto-populated in Form GSTR-2A
- Details of tax paid in the returns filed during the financial year
Other required information:
- Details of transactions of the previous financial year reported in the next financial year
- The details of demands paid and refunds claimed during the financial year
- Goods received from composition dealers, job worker and from person to whom goods were sent on an approval basis
- HSN Summary of Sales
- HSN Summary of Purchases
1. Do I need to file GSTR-9 if my registration has been cancelled in the financial year?
A taxpayer who has an Active GSTIN during the financial year even for a single day must file the annual return. Thus, even if the registration is cancelled, the taxpayer must file annual return i.e. GSTR-9 or GSTR-9A
2. Can I file Nil GSTR-9?
A taxpayer can file Nil GSTR-9 if:
- There are no outward supplies i.e. sales
- There are no inward supplies i.e. purchases
- The taxpayer does not claim any refund
- The taxpayer does not claim any input tax credit
- There is no liability to be reported
- There is no outstanding demand
- No late fee payable