GSTR-9 is an annual GST return return filed by 31st December of the year following the particular financial year. GSTR-9 return contains sales, purchases and GST charged and paid on the same during the financial year.
As a finance leader and professional, you must have known that filing GSTR-9 is more than just consolidating GSTR-1, GSTR-2B and GSTR-3B filed during a financial year. It involves rigorous reconciliations and any short paid tax or excess tax credit claims must be settled with the government. So, let's deep dive into GSTR-9 in this article. You can learn the following-
Latest Updates
53rd GST Council meeting
As on 22nd June 2024, the Council has recommended to provide relaxation to taxpayers from filing GSTR-9/9A for FY 2023-24 where their aggregate annual turnover for the said financial year is below Rs.2 crore. This was notified via CGST notification 14/2024 dated 10th July 2024.
GSTR 9 is an annual return to be filed yearly by taxpayers registered under GST. Points to note:
All GST registered taxpayers must file their GSTR 9. However, the following are NOT required to file GSTR 9:
The CGST Rule 80 covers the provisions pertaining to the annual return forms under the GST law. Annual returns in GST are of four types as follows-
GSTR 9 last date for FY 2023-24 is 31st December 2024. GST annual return due date or GSTR-9 due date is 31st of December of next year for a particular financial year.
The GSTR-9 form is divided into 6 parts and 19 sections. Each part asks for details that are easily available from your previously filed returns and books of accounts.
GSTR 9 filing steps can be summarised as follows-
For the complete steps to file GSTR-9 on the GST portal, refer to our page ‘Step-by-step guide to file GSTR-9’
Department categorised taxpayers based on the turnover for imposing late fee for late filing of GSTR-9. It also mentioned that below late fee attracts from FY 2022-23 onwards:
S.No | Turnover limit | Late fee per day | Maximum late fee |
1 | Up to Rs.5 crore | Rs.50 (Rs.25 each under CGST and SGST Act) | 0.04% of turnover in state/UT (0.02% each under CGST and SGST Act) |
2 | More than Rs.5 crore and less than Rs.20 crore | Rs.100 (Rs.50 each under CGST and SGST Act) | 0.04% of turnover in state/UT (0.02% each under CGST and SGST Act) |
3 | More than Rs.20 crore | Rs.200 (Rs.100 each under CGST and SGST Act) | 0.50% of turnover in state/UT (0.25% each under CGST and SGST Act) |
Further, for financial years up to 2021-22, the late fees for not filing the GSTR 9 within the due date was Rs.100 per day, per Act. That means late fees of Rs.100 under CGST and Rs.100 under SGST were applicable in case of delay. Accordingly, the total liability was Rs.200 per day of default.
This is subject to a maximum of 0.25% of the taxpayer’s turnover in the relevant state or union territory per Act. However, there is no late fee on IGST yet.
The CBIC notified vide 07/2023 dated 31st March 2023, a waiver of late fees in excess of Rs.20,000 (i.e., Rs.10,000 each under CGST and SGST Act) for delayed filing of GSTR-9 for years 2017-18 up to 2021-22 if filed between 1st April 2023 to 30th June 2023.
Solutions by Clear let's you stay ahead of the compliance game, whether you are a professional, growing business or an established enterprise! Clear Finance Cloud for Compliance, powered by the GL-Stream, comes with a host of features to make the GSTR-9 (annual return) and GSTR-9C filing process easier and error-free-
With the Clear Finance Cloud for Compliance, powered by the GL-Stream technology, you can stream your data directly from your general ledger for tax reporting. Our solution provides an end-to-end filing platform for GSTR-9 at a PAN level across multiple GSTINs.
GSTR-9 is the annual GST return filed by 31st December after the financial year ends. It involves rigorous reconciliations and includes sales, purchases, and GST details. The article covers GSTR-9 types, provisions, due date, turnover limit, consequences of not filing, and steps to file. There's also information on the latest updates and an amnesty scheme for late filing. Clear Finance Cloud offers solutions for easier GSTR-9 filing.