GSTR 9 Annual Return Form Due Date with Late Fees

GSTR 9 is annual compliance filed by the businesses showing all their inward/outward supplies. ITC claimed and tax paid during the relevant Financial Year. Documents affixed with GSTR 9 usually contain the entire information of supplies made/received, tax paid under CGST, SGST and IGST and audit reports of the financial year.

The threshold limit for filing GSTR 9 is above Rs. 1.50 Crore (based on the annual turnover of a business in the preceding year). However businesses with an annual turnover above Rs. 1.50 Crore but below Rs. 5 Crore is liable to furnish reports of HSN code at two digits level whereas the businesses with an annual turnover of Rs. 5 Crore and more have to report HSN at four-digit levels..

Please Note, GSTR 9 annual return form once filed cannot be revised, therefore taxpayers are suggested to go re-confirm the filed data before submitting it online.

Types of Annual Returns prevailing under the GST regime:

• GSTR 9 - Annual returns filed by regular taxpayers.
• GSTR 9A - Annual returns filed by dealers under the composite scheme.
• GSTR 9B - Annual returns filed by e-commerce businesses
• GSTR 9C - Audit form filed by the firms having an annual turnover of more than Rs. 2 Crores in a financial year and are obliged by law to get their books of accounts audited.

GSTR 9: Individuals Exempted From Return Filing

Though GSTR 9 is a mandatory filing for all the taxpayers registered under GST, there are certain genres FREE from this annual return filing. Mentioned below is the list of such individuals:

• Composition Taxpayers (instead they are required to file GSTR 9A).
• Input Service Distributors
• Casual Taxable Person
• NRIs who are taxable under the law
• Individuals filing returns under Section 51 or Section 52
• GSTR-9: Pre-requisites for return filing

Taxpayers must Fulfil the Following Conditions Before Filing GSTR 9:

1. They must have an active GSTIN during the relevant financial year (even for one day)

2. They must first file other applicable returns like Form GSTR-1 and Form GSTR-3B for the FY before filing Annual Year for the same.

GSTR 9: Due Date for Return Filing

Every registered business is required to file GSTR 9 before 31 December (end of the relevant financial year). Currently, the due dates for GSTR 9 and GSTR 9C compliance have been extended to 31st January 2020 for FY 2017-18 and 31 March 2020 for 2018-19.

GSTR 9: Penalty for late on non-filing

Any taxpayer who files the GSTR-9 after the due date is obliged to pay the penalty of Rs. 100 for CGST and Rs. 100 for SGST = 200) each day until the delay continues. The highest amount paid as a penalty can be 0.25% of CGST and 0.25% of SGST) on the taxpayer’s annual turnover.