Form GSTR-9

Easy Step by Step Guide on Form GSTR-9

What is Form GSTR-9?

Form GSTR-9 is an annual return to be filed once in a year by the registered taxpayers under GST including those taxpayers who are registered under composition levy scheme.

This includes details regarding supply made and received during the year under various tax heads, i.e. CGST, SGST and IGST. It integrates the information presented in the monthly/quarterly returns during the year.

 

Who should file GSTR-9 ?

All the registered taxable persons under GST must file Form GSTR-9.

However the following persons are not required to file GSTR 9

  1. Casual Taxable Person
  2. Input service distributors(ISD)
  3. Non-resident taxable persons
  4. Persons paying TDS under section 51 of GST Act.

What are different types of return under GSTR-9 ?

GSTR-9: it should be filed by the regular taxpayers who are filing GSTR-1, GSTR-2 and GSTR-3

GSTR-9A: it should be filed by the persons registered under composition scheme under GST  and who are filing Form GSTR-4

GSTR-9B:it Should be filed by e-commerce operators who have entered GSTR-8 during the financial year

GSTR 9C – GST 9C should be filed by taxpayers, whose annual turnover is more than Rs. 2 crores during the financial year. All such taxpayers also need to pay their tax and pay taxes by auditing their account and paying a copy of the audited annual reconciliation statement of tax already paid and tax payable as per audited accounts along with GSTR 9C.

When is GSTR-9 due date?

The GSTR-9 due date is 31st December of the subsequent financial year. Thus for the current financial year, filing GSTR-9 will happen on or before the 31st of December, 2018.

What is the Penalty for the late filing of GSTR-9 return ?

Late fees for not filing the GSTR 9 within the due date is Rs. 100 per day per act up to a maximum of an amount calculated on a quarter percent of the taxpayer’s turnover in the state or union territory. Thus it is Rs 100 under CGST & 100 under SGST, the total penalty is the default of 200 rupees per day. There is no late fee on IGST.

Details to be provided in GSTR-9

Total 9 Sections has been included in the Form GSTR-9  

  1. Provide GSTIN:  Each taxpayer will be allotted 15-digit goods and service taxpayer identification number (GSTIN) based on a state-wise PAN. At the time of filing returns, the taxpayer’s GSTIN will be automatically populated.
  2. Legal name of the registered person: Taxpayer name will be auto-populated at the time of logging into GST portal. In Table 2 there is a sub-section called 2C, which states that the registered person is responsible for carrying out legal audit. It should be noted that in the case of companies and in the case of individual / HUF, statutory audit is mandatory, if the business is more than Rs. 1 crore.
  3. Date of statutory Audit:   Date of the statutory audit, needs to be mention the date of the statutory audit.
  4. Auditors: The name of the auditors of the entity who have audited the accounts of the entity need to be mention here.
  5. Details of Expenditure: Details of goods and services purchased during the financial year must be provided in this section. Such information needs to be provided along with the HSN / SAC codes applicable and the taxable value of such goods and services, these details are mentioned in the GSTR-2 Form. This information is divided into the following heads:
  • Total value of purchases on which ITC is availed (Inter-State)
  • Total value of purchases on which ITC is availed (Intra-State)
  • Total value of purchases on which ITC is availed (Imports)
  • Other Purchases on which no ITC is availed
  • Sales Returns
  • Other Expenditure (Expenditure other than purchases)

 

Below are the screenshots of the above details to be filed in the Form GSTR-9.

A.    The total value of purchases on which ITC is availed (Inter-State)

Form GSTR-9Form GSTR-9

Form GSTR-9

  1. Details of income:

    Details of all supplies and sales made during the year needs to be provided here. Such details are also mentioned in GSTR 1. These info is divided into the following categories:

a) Total value of supplies on which GST paid (inter-State Supplies) : It includes the supplies given in other states on which IGST is paid.

b) Total value of supplies on which GST Paid (intraState Supplies) : It includes supply within the state on which CGST and SGST are paid.

c) Total value of supplies on which GST Paid (Exports): It involves the export of goods and services made during the financial year on which IGST amount is paid.

d) Total value of supplies on which no GST Paid (Exports) :It involves the export of goods and services made during the financial year on which IGST is not paid.

e) Value of Other Supplies on which no GST paid : It includes the details of supply of goods and services made during the year without any GST paid on it. which is SGST and CGST in case of intra state supply and IGST in case of interstate supply?

f) Purchase Returns: The details of the purchase return made during the year are to be given here.

g) Other Income (Income other than from supplies): Any other income earned during the year other than the mentioned in above-mentioned points should be described here

Form GSTR-9

Form GSTR-9

Form GSTR-9

Form GSTR-9

Form GSTR-9

Return Reconciliation Statement

After furnishing all the required information the portal will perform the task of auto-reconciling the transactions and will determine tax liability payable against the tax actually paid. ThThe portal will also highlight the amount of tax difference, interest,  penalty if any.

Form GSTR-9
Form GSTR-9

Other

If there is any other payment, then it will be auto-populated here. It may include outstanding or any liability because of the assessment.

Form GSTR-9

Benefits as per profit and loss details

In this section, gross-profit, profit after tax and breakdown of net profit will be mentioned.

Form GSTR-9

Once all the details are filled correctly, the taxpayer will have to sign the return certificate through a Digital Signature Certificate (DSC) or Aadhar-based signature verification

Form GSTR-9

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