Is GSTR-9 mandatory?
Yes, every GST registered taxpayer must file GSTR-9 annually.
Who is required to file GSTR 9?
Businesses registered under GST except the below must file the annual return in GSTR-9:
- Composition taxpayers
- Casual taxable persons
- Input service distributors
- Non-resident taxable persons
- TDS deductors under Section 51 of the CGST Act
- TCS collectors under Section 52 of the CGST Act
Is GSTR 9 mandatory for less than Rs 2 crore?
No, department made GSTR-9 optional for businesses with less than Rs 2 crore to ease the compliance burden.
Can I revise GSTR-9 which has been filed?
No, once you have filed GSTR-9, you can not make any revisions.
I got my GST registration cancelled in the financial year say FY 2022-23. Shall I file GSTR-9?
Yes, the annual return needs to be filed if you were registered as taxpayer even for a single day. Hence, you must file the GSTR-9 even your registration has been canceled.
Should one file form GSTR-9 return at the entity level or GSTIN level?
Form GSTR-9 return is required to be filed at the GSTIN level i.e. for each registration. If a taxpayer has obtained multiple GST registrations, under the same PAN, whether in the same state or different states, he/she is required to file annual return for each registration separately, where the GSTIN was registered as a normal taxpayer for some time during the financial year or for the whole of the financial year.
Should I match my input GST with 2A before filing GSTR 9?
Yes, you must reconcile GSTR-2A data with the input tax credit accounted in your books of accounts before filing GSTR-9.
For more FAQs on GSTR-9, click here.
FAQs
What is GSTR-9 due date? The due date to file GSTR-9 for a financial year is 31st of December of the year following the relevant financial year. Accordingly, businesses should file GSTR-9 for FY 2023-24 by 31st December 2024.
What is the GSTR 9 applicable turnover limit? ›
This article is the best place to stop by! GSTR 9 Annual Return is to be filed by all the registered regular taxpayers whose turnover exceeds INR 2 crores on or before 31st of December every year.
What is the applicability of Gstr 9 annual return? ›
Who need to file Annual Return in Form GSTR-9? Form GSTR-9 is to be filed by a person who is registered as a normal taxpayer, including SEZ unit or SEZ developer and the taxpayers who have withdrawn from the composition scheme to normal taxpayer any time during the financial year.
Is GST annual return mandatory for turnover less than 2 crore? ›
"In terms of Notification No. 14/2024–Central Tax, every registered person whose aggregate turnover in the financial year 2023-24 is up to two crores is exempted from filing annual return in Form GSTR 9 for the said financial year," says Rajarshi Dasgupta, Executive Director - Tax, AQUILAW.
Who has to file GSTR 9 and 9C? ›
GSTR 9 is an Annual Return all Tax Payers must file and GSTR 9C is a an Annual Reconciliation Statement that Tax payers with over Rupees 2 crore annual aggregate turnover should file. Many Tax Payers are often confused about who should file the returns.
Is Gstr 9 mandatory or optional? ›
Yes, every GST-registered taxpayer must file GSTR-9 annually.
How to calculate turnover for GST annual return? ›
In essence, the aggregate turnover comprises the summation of the following components:
- Value of all the goods and services that are taxed.
- Value of all Inter-state supplies.
- Value of all exempt pools of goods and services.
- Value of all exports of goods or services or both.
In general, you must file GSTR-9 on or before December 31 of the forthcoming financial year. That said, the government can also extend the date.
What is the compulsory limit for GST annual return? ›
The GST annual return limit for businesses is Rs. 2 crore, but filing is optional for those with a turnover up to Rs. 2 crore.
What is the GST return frequency turnover limit? ›
Who should file GST Returns? Under the GST regime, regular businesses having more than Rs.5 crore as annual aggregate turnover (and taxpayers who have not opted for the QRMP scheme) have to file two monthly returns and one annual return. This amounts to 25 returns each year.
(b) Registered persons with AATO of more than Rs.5 cr to 20 cr is reduced to Rs 50 per day subject to a maximum of 0.02% of turnover. 2. The Council recommended an amnesty scheme for pending GSTR-4, GSTR-9 and GSTR-10 returns. This scheme comes with a conditional waiver/ reduction of late fees.
Can we file Gstr 9C without CA? ›
The GST Act/ Rules does not give the 'Power to Audit' to a GST practitioner as per section 35(5). 'Power to Audit' is only granted to Chartered Accountants or Cost Accountants. Thus, it is not required for a Chartered Accountant to get registered as a GST practitioner for certifying Form GSTR 9C.
What is the penalty for Gstr 9 and 9C? ›
If a taxpayer fails to file both Annual Return and Form GSTR-9C, then he is liable to a fee of Rs. 200/- per day during which the default continues (Rs. 100 under CGST law + Rs. 100/- under State / Union Territory GST law) *Capped to a maximum amount of .
What is turnover limit for audit exemption? ›
Any business where the total sales, turnover, or receipts exceed Rs. 1 crore in a year should have a tax audit in India. As a professional, receipts over Rs. 50 lakh makes you eligible for a tax audit.
What is option turnover limit for tax audit? ›
A tax audit is required whenever the trading turnover surpasses the Rs 10 crore threshold, regardless of whether there is a profit or loss.
What is the penalty for not filing 9C? ›
What is the penalty for failing to file GSTR 9C on time? If you fail to file GSTR 9C on time, you will be liable to pay a late fee of ₹200 per day for each day of delay, subject to a maximum of 0.5% of your turnover.
What is the rule 80 of Gstr 9? ›
Rule 80 – Annual return
Provided that a person paying tax under section 10 shall furnish the annual return in FORM GSTR-9A. (2) Every electronic commerce operator required to collect tax at source under section 52shall furnish annual statement referred to in sub-section (5) of the said section in FORM GSTR-9B.
