About the service:
❖ GST Annual return (GSTR-9) is Mandatory if the annual turnover exceeds Rs. 2 Crores.
❖ GST Audit (GSTR-9C) is Mandatory if the annual turnover exceeds Rs. 5 Crores.
❖ The due date to file GSTR-9 & GSTR-9C is 31st December of each Financial year.
➢ Estimated time to complete the work:
❖ 15 Days after the receipt of documents.
➢ Required Documents/Information:
❖ Sales Register & Purchase register.
❖ Input tax (ITC) Reconciliation with Books and GSTR-2A
➢ What we will deliver:
❖ Filing of GSTR – 9 (GST Annual Return).
❖ Filing of GSTR – 9C (GST Audit).
GST Annual Return Filing (GSTR-9) FAQ’s:
1. How many subcategories are there under GSTR 9?
There are four sub-categories under GSTR-9. Namely,GSTR-9, GSTR-9A, GSTR-9B, GSTR-9C.
2. What is the penalty for not filing GST annual returns?
As per Section 47(2) of the Central Goods and Service Tax Act (2017), a person will be fined a penalty of INR 100 per day (CGST) + INR 100 per day (SGST), amounting to a total of INR 200 per day if he/she fails to file GSTR-9 before the due date. However, the maximum amount of penalty a person can be fined is 0.25% of the total turnover.
3. When is the due date for filing GSTR 9?
According to the latest update, the due date is further extended by CBIC via GST Notification 04/2021 | CBIC extends the due date of GSTR 9 & 9C for FY 2019-20 to 31st March 2021
4. If the taxpayer opts for the composition scheme is she /he required to file GSTR 9?
Every taxpayer who has opted out of the composition scheme during the financial year is required to furnish GSTR 9 for the period for which he has been a regular taxpayer
5. Is it possible to file GSTR 9 online?
No, as of now, annual returns in form GSTR 9 can only be filed online. However, the government will soon release the offline method to file form GSTR 9.
6. Is there any late fee if there is a delay in filing GSTR9?
Yes, a delay in filing GSTR-9 beyond the due date will attract a late fee as a penalty.
7. Is it possible to revise GSTR 9?
No, the returns field in GSTR-9 cannot be revised by the taxpayer after they have been filed.
8. Who is eligible to file GST annual returns?
All the registered GST taxpayers are required to file GSTR 9 once a year. In the recent past, the intrastate suppliers and the business and the service sector businesses that have an annual turnover of Rs 20 lakh and goods sector with an annual turnover of Rs.40 lakh need to file GST annual returns.
9. Who should get the GST audit done?
All the registered GST taxpayers whose turnover during a given financial year is exceeding the prescribed limit should get the accounts audited. According to the current GST rules, the limit is Rs.2 crores.
10. Who can file GSTR 9 & GSTR 9C?
GSTR annual return is filed by every GST registered taxpayer irrespective of the turnover. GSTR 9C is a reconciliation statement that is to be submitted by the GST registered taxpayer for whom audit is applicable.
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