GSTR-9 is an annual return to be filed by registered taxpayers under the Goods and Services Tax (GST). Since it is an annual return it is filed once at the end of the financial year having particulars of all inward and outward supplied carried out during that year. Details of various taxes like IGST, CGST, SGST, UTGST, compensation cess etc paid or credit claimed throughout the year also needs to be furnished.
Lets get more insights on the details, timelines and other requirements to be adhered to while filing GSTR 9.
What is GSTR 9 – GST Annual Return Form?
GSTR 9 is a type of Annual Return to be filed by eligible taxpayers. It gives a summarised report of transactions done during the financial year. Here is a glimpse of particulars to be furnished in GSTR 9 Annual Return:
Basic Details
Details of outward supplies
ITC claimed or reversed
Taxes paid or adjusted
Previous year transactions reported
Others
Who is required to file GSTR 9?What is the applicability for filing GSTR9?
All registered person u/s 44 of CGST and SGST Act except as mentioned below [specified u/s 44 (1)] are required to file GSTR.
Casual Taxable Person
Non-Resident Taxable Person
Person deducting TDS or Collecting TCS (the provisions were not applicable in FY 2017-18)
Input service distributor
But, the applicability of Annual GSTR differs depending on the type of Taxpayer-
Normal Taxpayer – GSTR 9
Composition Taxpayer – GSTR 9A
E-Commerce operator – GSTR 9B
Please note :- All the required registered taxpayers shall file Annual return, irrespective of their turnover limit.
What is the Due date of Filing GSTR 9 annual return?
As per Section 44 of the CGST and SGST Act 2017, an annual return shall be duly filed by a taxpayer on or before 31st of December of the next financial year.
For the FY 2018-19, the due date of filing annual return in form GSTR 9 has been extended till 30th June 2020 for those taxpayers having turnover above 5Cr. For the remaining class of taxpayers the requirement to furnish GSTR 9 and 9C for FY 2018-19 has been waived off.
What is the period for which GSTR 9 is to be filed?
Annual Return needs to be filed for every financial year. For FY 2017-18, GSTR 9 will be filed for the period from 1st July 2017 to 31st March 2018(GST implemented from 1st July 2017). However, the annual return shall include a summary of amendments made till 30 Sep 2018, pertaining to transactions undertaken between 1st July 2017 to 31st March 2018.
What if I do not file my GSTR 9 or file it after the due date?
Non compliance of law has always been strictly adhered to by the tax department, the same goes on with GSTR 9. Not filing GSTR 9 or filing it after due date can result in a heavy cost for the taxpayer.
In case of not filing:
Notice u/s 46 for Immediate filing (within 15 days) of GSTR 9 can be ordered by the authorities.
General penalty as mentioned under section 125, of the CGST Act 2017 up to Rs 25,000/- can be levied.
In case of late/belated filing:
As per section 47(2) of the CGST Act 2017, the late fee shall be lower of the following
Rs 100 per day
0.25% of turnover in state or union territory
Also, General penalty as mentioned under section 125, of the CGST Act 2017 up to Rs 25,000/- can be levied.
But, in this case, a person making interstate supply shall attract double penalty because the same penalties would attract both CGST and SGST Act. Which means the amount of penalty, in this case, will become Lower of
Rs 200 per day
0.25% of turnover in state or union territory
What is the Structure of GSTR 9- Annual Return?
Annual Return format as notified in the form GSTR-9 is a very exhaustive document wherein the transactions pertaining to the last years have to be reported. It is divided in 5 parts as below:
Part I: Basic Details
Part II: Details of outward supplies as reported in returns during the financial year
Part III: Details of ITC availed and reversed, declared in the Returns filed during the Financial Year
Part IV: Details of taxes paid, as declared in returns filed during the financial year
Part V: Particulars of the transactions for the previous FY declared in returns of April to September of current FY or upto date of filing of annual return of previous FY whichever is earlier (Table 10 to 14)
Part VI: Other information
What are the new changes brought in GTSR 9 form?
GSTR 2A will be auto populated from 1st Nov 2019. Further, the item wise details in various tables of form GSTR 9 has now been substituted with net cumulative figures. The tables affected are
Table No | Details Required to be reported | |
1 | 4B to 4E | Net amount of debit and credit notes and amendments for outward taxable supply |
2 | 5D to 5F | Exempt, Nil Rated and non GST supplies can now be categorised only as “Exempt” now. |
3 | 5A to 5F | Net amount of debit and credit notes and amendments can now be reported for non taxable outward supply |
4 | 6A to 6E | The different categories of input credit can be claimed under one single head of “Input” |
5 | 6C and 6D | The RCM ITC details have now been merged in one single table i.e. table 6D only |
6 | 7A to 7H | All details pertaining to credit reversal shall be filled in table 7H except Table 7F - TRAN 1 and Table 7G - TRAN 2 |
7 | 8A to 8D | The pdf of ITC details can now be uploaded in GSTR 9C |
In addition to the above amendments following tables have been made option while furnishing Form GSTR 9
Table No | |
1 | 12 and 13 |
2 | 15A to 15D |
3 | 15E to 15G |
4 | 16A to 16C |
5 | 17 and 18 |
What is the step by step process to understand and fill the GSTR 9 Annual Return Form?
The details as to how to fill GSTR-9 is explained below in the tabular format against each of the description-
PART – I. BASIC INFORMATION:
Annual return starts with the basic details to be furnished about the registered person. It is expected that these details would get auto-populated in common portal.The information sought under this category is –
1 | Financial Year | The financial year for which the annual return is filed is also required to be mentioned in Part-I. Presently the financial year would be 2017-18, however the details to be furnished is for the period July 2017 to March 2018. The Annual return is to be filed based on the returns filed for the respective GSTIN and not based on PAN India basis. In other words, if the assessee has four GSTIN’s, then he would be required to file four annual returns . |
2 | GSTIN | |
3A | Legal Name | |
3B | Trade Name (if any) |
PART – II. OUTWARD & INWARD SUPPLIES:
This part requires furnishing the details of all outward supplies made during the year (segregated between supplies liable to tax and not liable to tax) and inward supply liable to reverse charge basis. This includes not only the original supply as reported in the periodical returns but also the amendments made therein. This part is further subdivided in below tables:
Table 4: All transactions on which tax liability has arisen segregated in below:
Taxable outward supplies (segregated in various categories based on nature)
Advance received in respect of which invoice has not been issued
Inward supply on which liability arises under reverse charge mechanism
Table 5: Details of outward supplies on which tax is not payable as declared in the return filed during the financial year. This includes exempt supplies, non GST supplies and zero rated supplies.
Total of Table 4 and Table 5 gives turnover of the registered person during the financial year.
Table 4: provides for reporting of all supplies (i.e. outward supplies and RCM transactions) on which tax has been paid by the registered person during the previous financial year
A | Supplies made to unregistered persons (B2C) |
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B | Supplies made to registered persons (B2B) |
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C | Zero-rated supply (Export) on payment of tax (except supplies to SEZs) |
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D | Supply to SEZs on payment of tax |
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E | Deemed Exports |
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F | Advances on which tax has been paid but invoice has not been issued (not covered under (A) to (E) above) |
Ex:
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G | Inward supplies on which tax is to be paid on a reverse charge basis |
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H | Sub-total (A to G above) | Auto-Populated |
I | Credit Notes issued in respect of transactions specified in (B) to (E) above (-) |
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J | Debit Notes issued in respect of transactions specified in (B) to (E) above (+) |
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K | Supplies/tax declared through Amendments (+) |
would be disclosed.
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L | Supplies/tax reduced through Amendments (- | Similar to entry 4(K), however, the amendments which reduce the tax liability would be disclosed in the column. |
M | Sub-total (I to L above) | Auto-Populated |
N | Supplies and advances on which tax is to be paid (H + M) above | Auto-Populated |
Table 5: provides for reporting of all other supplies (i.e. supplies without payment of tax and exempt) made by the registered person during the previous financial year – in this table assessee is required to provide the details of turnover on which there is no liability to pay GST.
A | Zero-rated supply (Export) without payment of tax |
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B | Supply to SEZs without payment of tax |
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C | Supplies on which tax is to be paid by the recipient on reverse charge basis |
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D | Exempted |
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E | Nil Rated |
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F | Non-GST Supply |
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G | Sub-total (A to F above) | Auto-Populated |
H | Credit Notes issued in respect of transactions specified in A to F above (-) |
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I | Debit Notes issued in respect of transactions specified in A to F above (+) |
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J | Supplies declared through Amendments (+) |
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K | Supplies reduced through Amendments (-) |
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L | Sub-Total (H to K above) | Auto-Populated |
M | Turnover on which tax is not to be paid (G + L above) | Auto-Populated |
N | Total Turnover (including advances) (4N + 5M – 4G above | Auto-Populated |
PART – III. INPUT TAX CREDIT
This part requires the person filing Annual Return to declare the details of all ITC related information. Some of the information in this segment is auto populated whereas most of other details have to be furnished in the Annual Return manually.This part is further subdivided in the below Tables:
Table 6: Details of ITC availed as declared in the Return has to be given in this part of the Table. Total ITC availed is auto populated from GSTR-3B whereas the details of the ITC segregated in the inputs, input services and capital goods have to be provided by the registered person in respect of different categories of inward supplies. This part also requires separate disclosure of the transitional credits availed by the registered person.
Table 7: The details of ITC reversed and ineligible ITC to be declared in this part. The difference between Table 6 and Table 7 indicates total credit which is available for utilization with the registered person during the financial year.
Table 8: This table requires certain additional information to be furnished in the Annual Return related to ITC. The information contained in this Table is mainly for the purpose of analysis of the government to identify the instances of over/under availment of credit. The main part which requires disclosure is matching the credit availed in the GSTR-3B viz a viz credit which is auto-populated in the GSTR-2A.
Table 6: provides for reporting of the gross input tax credit (ITC) availed by the registered person during the previous financial year
A | Total amount of input tax credit availed through FORM GSTR-3B (sum total of Table 4A of FORM GSTR-3B) | Auto-Populated from Form GSTR-3B |
B | Inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs) |
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C | Inward supplies received from unregistered persons liable to reverse charge (other than B above) on which tax is paid & ITC availed |
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D | Inward supplies received from registered persons liable to reverse charge (other than B above) on which tax is paid and ITC availed |
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E | Import of goods (including supplies from SEZs) |
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F | Import of services (excluding inward supplies from SEZs) |
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G | Input Tax credit received from ISD |
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H | Amount of ITC reclaimed (other than B above) under the provisions of the Act |
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I | Sub-Total (B to H above) | Auto-Populated |
J | Difference (I – A above) | Auto-Populated |
K | Transition Credit through TRAN-I (including revisions if any) |
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L | Transition Credit through TRAN-II |
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M | Any other ITC availed but not specified above |
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N | Sub-total (K to M above) | Auto-Populated |
O | Total ITC availed (I + N above) | Auto-Populated |
Table 8 provides for a summary of ITC available as per GSTR-2A & IGST paid on import of goods and a comparison with ITC availed
A | ITC as per GSTR-2A (Table 3 & 5 thereof) | Auto-Populated from GSTR-2A |
B | ITC as per sum total of 6(B) and 6(H) above | Auto-Populated from Table 6(H) and 6(B) |
C | ITC on inward supplies (other than imports and inward supplies liable to reverse charge but includes services received from SEZs) received during 2017-18 but availed during April to September, 2018 |
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D | Difference [A-(B+C)] | Auto-Populated
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E | ITC available but not availed (out of D) |
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F | ITC available but ineligible (out of D) |
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G | IGST paid on import of goods (including supplies from SEZ) |
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H | IGST credit availed on the import of goods (as per 6(E) above) | Auto-Populated
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I | Difference (G-H) | Auto-Populated
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J | ITC available but not availed on import of goods (Equal to I) | Auto-Populated
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K | Total ITC to be lapsed in the current financial year (E + F + J) | Auto-Populated
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PART – IV. DETAILS OF TAX PAID:
This part requires furnishing the information/details of different nature of taxes payable and paid either in cash or through utilization of input tax credits
Table 9 provides for reporting of tax paid by the registered person during the previous financial year
Integrated Tax | The sum total of amounts from Table 6 of GSTR-3B would get auto-populated in this table.
Also, refer to Table 6.1 of Form GSTR-3B filed |
Central Tax | |
State Tax/UT Tax | |
Cess | |
Interest | |
Late Fee | |
Penalty | |
Other |
PART – VI. OTHER INFORMATION:
This part seeks additional information required to be reported in the Annual Return. Following details to be provided table-wise:
Table 15: Particulars of demand and refunds
Table 16: Information on supplies received from composition taxpayers, deemed supply under section 143 (job work) and goods sent on approval basis
Table 17: HSN wise summary of outward supplies
Table 18: HSN wise summary of inward supplies
Table 19: Late fees payable and paid for delay in filing of Annual Return.
TABLE 15-18 | ||
Table 15 provides for reporting of Demands and Refunds claims by the registered person during the PFY | ||
15 |
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Table 16 provides for Information on supplies received from composition taxpayers, deemed supply under section 143 and goods sent on approval basis | ||
16 |
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Table 17-18 provides reporting of HSN wise summary of Outward and Inward Supplies reported in the PFY | ||
17 | Outward Supplies |
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18 | Inward Supplies |
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Table 19 provides reporting of Late Fees | ||
19 | Late fees payable and paid |
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Last Part :of the Annual Return requires verification to be made by the registered person filing the Annual Return. Such a person has to declare that information contained in the Annual Return is true and the benefit of any reduction in output tax liability has been passed or will be passed on to the recipient of the supply.
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