What is GSTR-9?
GSTR-9 is a return form filed annually by the taxpayers registered under GST. It is basically a consolidated report of monthly/quarterly returns (GSTR-1, GSTR-2, GSTR-3B) filed by the taxpayer at the end of the year. It is also applicable on those taxpayers who are registered under the composition scheme. It shows the details of outward/inward supplies made in the previous year under CGST, SGST, IGST & HSN codes. GSTR-9 return comprises of 4 return forms which are given below –
Who should file GSTR-9?
It is mandatory for every registered taxpayer to file GSTR-9 under GST. The following persons who are exempted to file GSTR-9 are as follows –
- Input service distributors
- Casual taxable persons
- Non-resident taxable persons
- Tax payers using composition scheme (In this case, they need to file GSTR-9A)
- As per section 51 of CGST act, persons paying TDS are also exempted to file GSTR-9
GSTR 9 Filing Due Dates 2020
GSTR-9 return must be filed by the taxpayer on or before 31st December every year. However, the due date for filing GSTR9 may be sometimes extended by the government. The due dates for filing GSTR-9 of period 2019-20 is given below –
|2019-20||31st Dec 2020|
How to revise GSTR-9?
Once GSTR-9 return is filed, it cannot be revised.
Penalty for Late GSTR-9 Filing
Late filing of GSTR-9 leads to heavy fines & penalties. Interest will be charged at 18% per annum and it is calculated by the tax payer on the outstanding tax amount. The late fee is Rs.200 per day i.e. Rs.100 under CGST and Rs.100 under SGST. However, there is no late fee applicable on IGST.
GSTR-9 Return Form Format
Download Form GSTR-9 by clicking below link –