GSTR 9 is the Annual Return form to be filed by the regular taxpayer registered under GST. It contains the detailed summary of outward supply, taxes paid thereon, input tax credits claimed, taxes paid and refund claimed in the financial year.
Types of Return filed annually under GST-
- GSTR 9 (filed by individual who file GSTR3B and GSTR-1),
- GSTR 9A (filed by individual who are registered under composite dealers),
- GSTR9B (filed by e-commerce operates who file GSTR 8),
- GSTR 9C (Filed by person required to do GST Audit).
GSTR 9C
Form GSTR 9C is a reconciliation statement which reconcile the value of suppliers declared in the Annual Returns furnished in form GSTR-9 for the financial year with the figures as per the audited financial statement and other particulars, as may be prescribed. Every person who is required to furnish Audit Report must get his accounts audited by a Chartered Accountant or a Cost Accountant.
What is the GST Audit turnover limit for Financial Year 2019-20?
For Business having aggregate turnover of more than Rs 5 crore, GST Audit for Financial Year 2019-20 is compulsory. That means businesses having aggregate turnover for Financial Year 2019-20 less than 5 crore, GST audit is optional for them.
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What is the GSTR-9 turnover limit for FY 2019-20?
For Business having aggregate turnover of more than Rs 2 crore, GST Annual Return in form GSTR-9 for FY 2019-20 is compulsory. That means businesses having aggregate turnover for Financial Year 2019-20 less than 2 crore, GSTR-9 is optional for them.
Therefore, Requirement of GSTR 9 and 9C for FY 2019-20 is as follows-
| Turnover | GSTR 9 | GSTR 9C |
| less than 2 crores | Optional | Not required |
| More than 2 crores upto 5 crores | Compulsory | Optional |
| More than 5 crores | Compulsory | Compulsory |
What is the due date of GSTR 9 and GSTR 9C filling?
GSTR 9 and GSTR9C due date is 31st December every year. However, the due date to file GSTR-9 & GSTR-9C for the FY 2019-20 has been extended up to 28th February 2021. For instance, for financial year 19-20, return to be submitted up to 28th February 2021.
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What is Aggregate Turnover in GST?
The term “aggregated turnover” means the aggregate value of all taxable supplies, exports of goods and services or both, exempt supplies and interstate supplies of business having the same Permanent Account Number (PAN), to be computed on all India basis. However, such taxable supplies do not include the value of inward supplies on which GST is paid under reverse charge basis. The aggregate turnover in whole also does not include Central tax, State tax, Union territory tax, Integrated tax and cess also.
In simpler words, the total of the following shall be considered as an aggregate turnover:
- Total Value of all taxable supplies of goods and services
- Total Value of all Inter-state supplies
- Total-Value of all exempt supplies of goods and services
- Total Value of all export of goods or services or both
However, the following items would be excluded from Turnover:
- Inward supplies on which taxes are paid under reverse charge.
- Tax and cess under Goods and Service Tax.
- Goods supplied for or received back as job work.
- Transactions which are neither supply of goods nor service.
Read Also: GST Input Tax Credit (ITC) Set-off Rules – Simplified with examples
Therefore, Turnover would also include the following:
- All taxable supplies other than supplies on which reverse charge is applicable.
- Supplies between distinct entities of same business. Inter-sate supplies.
- Goods supplied to job worker on principal to principal basis. Export or zero rated supplies.
- Goods received from job worker on principal to principal basis.
- Supplies of agents/ job worker on behalf of the principal.
- Exempted supplies under GST: like Diesel, Petrol, Liquor etc.
As per relevant section of GST exempt supply means any supply of goods or/and services or both which may be wholly exemption from tax under relevant section that attract nil rate of tax, and includes non-taxable supply.
GST Audit is applicable when Total Turnover on PAN India basis exceeds 5 crore in FY 2019-20. However, GST Audit will be done GSTIN wise. For example, BabaTax has unit in Delhi having turnover of 2 crore, in Maharashtra 2 crore and in Gujarat 3 crore. Total turnover is, therefore, 7 crore. Therefore GST Audit is applicable to all its units.
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What is the penalty for not filing GSTR 9 or GSTR 9C on or before due date?
A registered person who fails to furnish the annual return by the due date shall be liable to pay a late fee of Rs 200 for every day during which such failure continues but only to a maximum of 0.25% of his/her turnover.
In case of GSTR 9C, there is No late fee for delayed filling of GSTR-9C and further there is no specific penalty for GSTR9C. Therefore, General Penalty of Rs 25,000 under each Act will be applicable.
Can GSTR 9 be filled nil?
In case you have not made any supply in the year nor claimed any ITC in the whole Financial year, you can file Nil GSTR 9. Select the option of nil return. And if you don’t want to file nil return select ‘annual return for normal taxpayers’.
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Who are not required to file GSTR 9?
Following person are not required to file GST Annual Return (GSTR-9) and GST Audit (GSTR 9C)
- Input Service Distributor
- Tax deductor
- Tax collector
- Casual taxable person
- Non-resident taxable person
- Person supplying OIDAR service from Place outside India [Notification No 30/2019 Central Tax Non Rate]
- Foreign Airlines are not required to submit Form GSTR9C [Notification No 30/2019 Central Tax Non Rate]
Can GSTR 9 be revised?
No, once GSTR 9 cannot be revised once filed.
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How is annual return filled?
Annual return is to be filled electronically through the common portal.
How to file GSTR 9C?
GSTR 9C can be filled in two ways:-
- OFFLINE UTILITY:
Step1: Go to gst.gov.in portal
Step2: Click on main menu
Step3: Next click offline tools
Step4: Last click download and extract file.
- ONLINE UTILITY:
Step1: Go to gst.gov.in and login through your id, password.
Step2: Click on ‘Annual Return tab.
Step3: Choose the financial year for which you’ve rto file
Step4: Click on ‘Initiate e-filing’.
Step5: Submit your GSTR 9 form.
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The author of above article is Krittika Pahwa.
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