File GSTR-9 with 100% accuracy

GSTR-9A – Overview, Due Dates & Format

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    Under GST, registered taxpayers including those registered under composition scheme have to file Annual Returns once in a year. Formats of GST Annual Return Forms GSTR-9(for regular taxpayers) and GSTR-9A(for taxpayers registered under composition scheme) were notified by CBIC along with requisite instructions vide Notification No. 39/2018 – Central Tax dated 04th September 2018 and updated on 31st Dec 2018 via Notification 74/2018.

1. What is GSTR-9A?

The GSTR-9A is the annual return to be filed once in a year by taxpayers who have opted for the Composition Scheme under GST for a particular financial year. It includes all the information furnished in the quarterly returns filed by the composition taxpayers during that financial year.

2. Who should file GSTR-9A?

All taxpayers registered under the composition levy scheme under GST should file GSTR-9A.

However, the following persons are not required to file this :

  • Non-resident taxable persons
  • Input service distributor
  • Casual Taxable Person
  • Persons paying TDS under section 51 of the Act
  • E-commerce operator paying TCS under section 52 of the Act

3. When is GSTR-9A due?

GSTR-9A has to be filed on or before 31st December* following the close of financial year. For example, if the composition taxpayer is filing his annual return for the FY 2017-18, the taxpayer should file it, on or before 31st December 2018*.

*Latest Update as on 22nd December 2018: Due date for filing all annual forms is further extended till 30th June 2019 by CBIC for FY 2017-18

Update as on 8th December 2018: Due date for filing GSTR-9, GSTR-9A and GSTR-9C is extended till 31st March 2019 by CBIC for FY 2017-18

 

4. What is the penalty for the late filing of GSTR-9A?

Under CGST Under SGST/UTGST TOTAL
Rs.100* per day of default Rs.100* per day of default Rs.200 per day of default


*Maximum late fee per day cannot exceed 0.25% of Turnover in the State or Union territory under CGST/SGST/UTGST.

5. Details to be provided in GSTR-9A?

Sl. No. Parts of GSTR-9A Details to be provided
1 Part-I Basic Details such as GSTIN, Legal Name, Trade Name of the taxpayer that is auto-populated
2 Part-II Details of outward and inward supplies declared in GSTR-4 filed during the financial year. This input consists of summary from all quarterly returns filed during the FY.
3 Part-III Details of tax paid as declared in returns filed during the financial year. Tax paid under different heads such as IGST, CGST, SGST, Cess, Interest, Late Fee, Penalty has to be mentioned here.
4 Part-IV Particulars of the transactions for the previous FY declared in returns of April to September of current FY or up to date of filing of annual return whichever is earlier. This section consists of summary of amendments or corrections relating to entries of previous FY. It may be additions or omissions.
5 Part-V Other Information such as the following given below:
Particulars of Demands and Refunds. Here, details of any demands for tax from the tax department, tax paid on the demand raised, any balance to be paid shall be mentioned. Also, details of Refund claimed, refund received out of the claim, pending refund shall be mentioned.
Details of credit reversed or availed – If a taxpayer switches from regular to composition scheme or vice versa, ITC shall be reversed or added respectively. Such details pertaining to ITC shall be entered here.
Late fee payable and paid – Late fee on account of late payment of tax or late filing of returns shall be mentioned in this section.

 

 

6. How to prepare GSTR-9 & a detailed discussion of form

Important recent amendments to be noted:

  • The format for Form GSTR – 9A has been revised vide Notification No. 74/2018 – Central Tax dated 31 December 2018.
  • The due date for filing Form GSTR – 9A for FY 2017 – 18 has been further extended to 30 June 2019.

It is important that true and correct information is disclosed in the annual return. The data declared in the annual return would be the starting point of assessment of the taxpayer by the Department. The annual return also serves a useful purpose of rectifying mistakes committed at the time of filing GSTR -4. All information disclosed in GSTR – 9 must be cross-checked with the books of accounts and the Form GSTR – 4 filed for the period.

It must be noted that additional tax liability not declared in Form GSTR – 4 can be declared in GSTR – 9A and tax can be paid voluntarily along with interest in Form DRC-03.

 A comprehensive list of what needs to be declared and from where one can fetch the information can be referred from the ready reckoner given below:

Ready reckoner for GSTR-9A preparation

 

7. Detailed format of GSTR-9A?

GSTR-9A

Watch this video to easily learn about GSTR 9 :