GST Annual Returns

GST ANNUAL RETURNS

GSTR-9: The GST Annual Return Form

GST annual return in a fiscal year is filed using GSTR-9. A full account of supplies that have been received and sent in accordance with the CGST, SGST, IGST, is also provided on form GSTR-9. Every person registered under the GST law with an annual revenue of more than ₹2 crores is required to submit annual returns using form GSTR-9, and form GSTR-9C is used to submit the reconciliation statement.
Form GSTR-9 is an annual return filed by registered taxpayers who are regular taxpayers, including SEZ units and SEZ developers. Taxpayers must provide information on their purchases, sales, input tax credit or refund claimed, demand generated, and so on.

Different Types of GST Annual Return Forms

GST annual return forms are filed according to the taxpayer category. While GSTR-9 is the most generally used form for submitting annual reports, there are three other forms available to anyone who have done gstin registration
GSTR-9A: Composition dealers (small taxpayers under GST who pay fixed rates of tax) and others who are registered under GST law and have opted for the GST composition scheme must file GSTR-9A
GSTR-9B: This form is for e-commerce operators who are registered under GST law and have filed GSTR-8 as required during the fiscal year. They must file annual returns using the GSTR-9B form
GSTR-9C: This form is for individuals who are required by law to have their GST accounts audited. These individuals must be registered under the GST law and have an annual turnover of more than ₹5 crores in a fiscal year to be eligible for this form.

GST Annual Return Exemption

Every GST-registered taxpayer is obligated to file an annual return using form GSTR-9. Some persons, however, are exempted from this requirement if they are registered as:

  • A Registered Tax Payer Whose Turnover is Below 2 Crores
  • A casual taxable person a taxpayer who only supplies taxable products or services on occasion
  • A non-resident taxable taxpayer who provides taxable products or services on an as-needed basis but has no place of business or domicile in India
  • An Input service distributor, a taxpayer who distributes input tax credit for services billed in one state, but avails tax credit in another state
  • Individuals liable for TDS, who receive payment after tax is deducted.

GSTR-9 Form: Deadline and Penalty

The deadline for filing GSTR-9 for a fiscal year is 31 December of the year following the relevant fiscal year. For example, the GSTR-9 due date for fiscal year 2021-22 is 31 December 2022
If the required forms are not filed by the due date, penalties in the form of late fees will be imposed. A daily penalty of ₹100/- (CGST & SGST) or ₹200/- would be imposed, subject to a maximum of 0.25% of the taxpayer's revenue for that fiscal year.

GSTR-9 Form: Format

A GSTR-9 format comprises of 6 parts and 19 Sections, they are:

  • Part 1: When the GST annual return form is submitted on the portal, basic details such as name, GSTIN, trade name, and fiscal year are recorded in this section
  • Part 2: The second section of the GSTR-9 format contains all of the information related to outward supplies as filed for the annual GST return, for:
  • Taxable supplies
  • Non-taxable goods and services
  • Credit and debit notes
  • Part 3: This section contains information on the input tax credit received and reversed for the fiscal year for the following sections:
  • Input tax credit declared in the annual return form
  • Input tax credit reversed
  • Input tax credit
  • Part 4: This section contains information on tax paid as reported in previous fiscal year returns. The following details has to be provided
  • The distribution of tax payable (in order of types of taxes paid).
  • Tax is paid in cash and through an input tax credit.
  • Part 5: Transactions made in the previous fiscal year and declared in any of the quarterly returns filed in the same fiscal year, or in the GST annual return filing (whichever is the earliest)
  • Part 6: The following information is required for this section -
  • Total refund claimed, sanctioned, rejected, pending, the total taxes demanded and total demand pending
  • Supplies from composition dealers (small taxpayers under GST who pays the tax at fixed rates), deemed supplies, etc
  • Harmonised System of Nomenclature (HSN) classified summary of supplies
  • Fees paid and payable for delayed return filings.

FAQs on GST Annual Return: Understanding the GSTR-9 form

No, you cannot submit Form GSTR-9 in order to claim ITC.

Yes, Form GSTR-9 can be used to declare additional obligations that weren't previously disclosed in the Form GSTR-3B filing. The GST DRC-03 must be used to pay the additional liability reported on Form GSTR-3B.

No, even if you file Form GSTR-9 on time or before the deadline, you cannot finish it without paying the late costs associated with it.

A general penalty of ₹50,000 (₹25,000 CGST and SGST each) will be imposed for failure to file GSTR-9C before the deadline.

Yes, for normal taxpayers, filing Form GSTR-9 is required.