According to the Rule 80 of the CGST Rules, 2017, everyone who is registered with the CGST Rules, 2017 is required to file a GST Annual Returns for every financial year on or before 31st December in the next year’s financial year. Therefore, the deadline for the filing of GST Annual Returns for the FY 2021-22 will be 31st December2022.
Form GSTR-9 to be used for filing GST annual returns, registered taxpayers who are regular taxpayers, as well as SEZ units as well as SEZ developers. Taxpayers are required to provide details of their purchases and sales, as well as tax credits for inputs, refunds demanded or created. in this tax return.
Gst Annual return must be filed by all taxpayers who’s total turnover is greater than INR 2 crores per year. However, GSTR 9 is exempt for taxpayers whose total revenue is lower than equivalent to the amount of INR 2 crore. In addition, a self-certified report in GSTR 9C must be submitted by taxpayers whose overall turnover is greater than INR five crore.
Vide Notification No. 31/2021-Central Tax Date: 30th July 2021. CBIC is exempted for the person who is registered whose total turnover is lesser than Rs.2 Crore from the fiscal year 2020-21
In accordance with Section 47(2) in the Central Goods and Service Tax Act (2017) in the Central Goods and Service Tax Act (2017), a person can be penalized with the fine of 100 INR per calendar day under the CGST Act + INR 100 per day for SGST) of the Act until GST returns are filed.
So, the total obligation is INR 200 per day for default. The amount is only a limit of 0.25 percent of the total revenue of the taxpayer.
Form GSTR-9 is a return for the yearly return that must be filed only once each fiscal year, and by taxpayers registered who are regular taxpayers including SEZ units as well as SEZ developers. The taxpayers must provide details about the purchase, sale, input tax credits or refunds claimed or demand-based and so on. on this form.
Form GSTR-9 should be completed by any person that is registered as regular taxpayer, which includes SEZ units or SEZ developer as well as taxpayers who have changed their status from the composition scheme to become a normal taxpayers at any time during the fiscal year.
Note:
Form GSTR-9 must be submitted by all taxpayers that is registered as a normal taxpayer. However, certain categories of taxpayers are exempt of filing the Form GSTR-9 via Notifications issued from the Government of India from time to time.
Form GSTR-9C has to be submitted by each person who’s total turnover exceeds Rs.5 Crore during the financial year, as specified through Notifications issued by the Government of India from time to time. These taxpayers must have their accounts reviewed and self-certified with a reconciliation statement by the owner of the business and are required to provide an audited copy of their annual accounts as well as a reconciliation statement.
It’s mandatory to submit Form GSTR-9 for regular taxpayers.
It is mandatory to complete both Form GSTR-9 and Form GSTR-9A for the appropriate timeframes.
The time during which the taxpayer was in the composition taxpayer and Form GSTR-9A needs to be completed. For the time during when the taxpayer is registered as a normal taxpayer the Form GSTR-9 has to be submitted.
The annual tax return is required regardless of whether the taxpayer had his registration cancelled in the year in question.
Taxpayers who choose the composition plan must complete Form GSTR-9 for each time during which they were identified as regular taxpayer.
Taxpayers who opt to opt out of the composition scheme in the year of the applicable financial year must complete Form GSTR-9 for each period during which they paid the tax at the regular rates.
The pre-requisites to file Form GSTR-9 include:
A Form GSTR-9 that is nil can file for your financial year, if the following: –
Go into the Services tab, Returns and Returns. Click Annual Returnto fill out Form GSTR-9.
Yes. Form GSTR-9 returns can be completed using the offline tools. Click ate TeamIndia.co.in for details.
The deadline for filing Form GSTR-9 in a specific financial year is the 31st day of December of the following financial year, or when extended by Government by announcements from time to time.
Yes, the date for filing of Form GSTR-9 is extended by the Government via notice.
Form GSTR-9 returns are required to be submitted on GSTIN levels i.e. every registration. If a taxpayer has multiple GST registrations under the same PAN within the same state or in other States the taxpayer is required to file an annual returns for each registration in a separate manner, if it is the case that the GSTIN is registered under the status of a normal taxpayer certain periods of the financial year , or for all of the financial year.
No. You are not able to file a return on Form GSTR-9 if you have not filed Form GSTR-1 and Form STR-3B for all relevant periods in the year of financial reporting.
Information must be included in Form GSTR-9 , which is found in Tables 1 and 2.
to enter or look up the summaries of inward and outward supplies that were made during the fiscal year.
You must provide information and update it only for tables that pertain to your company
The below tables in Form GSTR-9 includes auto-populated data, which is derived taken from the already filed Form GSTR-1 and Form GSTR-3B for the financial year in question:
Below table on Form GSTR-9 is auto-populated with information, derived from Form GSTR-2A for that year’s relevant fiscal year.
Yes, you are able to edit auto-populated information from filed GSTR-1 and GSTR-3B on Form GSTR-9, with the exception of data from the tables below:
Yes, you are able to enter two-digit codes to all HSN codes that begin with code 99, on the form GSTR-9.
Note: For HSN codes that begin with 99, you’re not required to supply UQC and Qty data.
Yes, you are able to enter a negative numbers on Form GSTR-9.
Taxpayers can download the system-calculated figures for GSTR-9 into PDF format. This will allow taxpayers to use it for reference when filling out Form GSTR-9.
Yes. A condensed summary of all submitted GSTR-1 statements for the year of the fiscal year concerned can be downloaded in PDF format.
Go through the Services tab > Returns and Returns Formula GSTR-9 (PREPARE ONLINE) > Download GSTR-1 Summary (PDF) option.
Yes. The condensed summary of all return submitted on Form GSTR-3B for the relevant year’s financial year can be downloaded in PDF format.
Go towards the Services tab > Returns and Returns Formula GSTR-9 (PREPARE ONLINE) > DOWNLOAD GSTR-3B Summary (PDF) option.
Yes, taxpayers can download the document specific details of Form GSTR-2A that was used for the determination of the values for the table 8A within Form GSTR-9 and in Excel format. The information for the Table B2B, B2BA, CDNR and CDRA are available in the excel file downloaded. This will aid taxpayers in reconciling the table 8A values and assist in filling out the form GSTR-9.
Access the Services tab > Refunds and Returns, then Annual Returns Formula GSTR-9 (PREPARE ONLINE) > download table 8A Document Details option.
If the Excel file size is large, the excel file is available in multiple parts to ensure that documents can be downloaded easily.
The table’s details for Table B2B and B2BA as well as CDNR and CDNRA are available in the Excel spreadsheet that can be downloaded. This will aid the taxpayer to reconcile the data from Table 8A and assist in filling out GSTR-9 Form.
Yes. You are able to edit or change the information prior to filing the GSTR-9 form. But, the auto-populated information is not editable for the following fields.
* Table No. 6A Total amount of tax credits on inputs made available via the Form GSTR-3B (sum total of Table 4A on Form GSTR-3B)
* Table number. 8A ITC according to the GSTR-2A form (Table 3 and 5 of).
* Table number. 9. (Except the tax due column)
After the COMPUTE LIABILITY button is clicked, the information provided in different tables are processed by the GST Portal at the back end. Late fees, if there are any and if any, are calculated. Late fee is calculated the delay is caused by filing annual returns beyond the due date.
Yes there is late fees for the filing Form GSTR-9 after the deadline.
Once Form GSTR-9 is ready to File, and liabilities are estimated 19. Late fee is payable and the tile will be made available for filing of Form GSTR-9 for the taxpayer.
No. Form GSTR-9 cannot be filed without paying the late fees for Form GSTR-9, even if you file it on or before the due date.
Once you have filed your return using Form GSTR-9 you will receive the link to access the form GST DRC-3 to make taxes and other taxes, if applicable. Additional payments can be made with GST DRC-3 form GST DRC-3 only by using the Electronic Cash Ledger.
Additional liabilities that were not previously reported when filing Form GSTR-3B may be declared on Form GSTR-9. The additional liabilities declared on Form GSTR-3B is required to be paid by GST DRC-03. GST DRC-03.
No. You are not able to claim ITC by submitting Form GSTR-9.
The balance of cash available as of the date of Electronic Cash Ledger is shown to the taxpayer in the “Cash Ledger Balance” table. If the cash balance available in the Electronic Cash Ledger is less than the amount needed to cover the liability and the amount of cash that is required for payment by the the taxpayer is displayed as “Additional Cash Required” column. You can make a challan to pay for additional cash directly by clicking the CREATE CHALLAN button.
The File button is enabled only If you’ve got
It is not required to click the “Preview Draft GSTR-9 Excel” button to activate “FILE GSTR-9” button for filing your return.
It is possible to file Form GSTR-9 by using DSC as well as EVC.
(a) Digital Signature Certificate (DSC)
Digital Signature Certificates (DSC) are the digital version (that is in electronic format) of paper or other physical certificates. A digital certificate may be displayed electronically to verify the identity of a person, access information or services via the Internet or authenticate certain documents electronically. The country of India, DSC are issued by certified Certifying Authorities.
The GST Portal will only accept PAN for class II as well as III DSC.
(b) Electronic Verification Code (EVC)
The Electronic Verification Code (EVC) authenticates the authenticity of the user’s identity on GST Portal. GST Portal by producing an OTP. The OTP is sent to the mobile number registered on the mobile number of the Authorized Signatory that is filled out in Part A on the Application for Registration.
If records (or information that was submitted when filling out the form GSTR-9) are processed incorrectly or are being processed on the other end of the line, a message of warning is displayed. If the records remain in process be patiently waiting until processing is completed in the background. For records that have been being processed in error Go back to Form GSTR-9 to take action with those records to make corrections.
Yes, you are able to download or view the draft of Form GSTR-9 both in pdf and Excel format when you click on ‘PREVIEW DRAW GSTR-9 (PDF) and the ‘PREVIEW DRAFT (EXCEL) prior to making the Form GSTR-9 available on GST Portal. GST Portal.
There is no way to revise Form GSTR-9 after you file it.
When Form GSTR-9 has been completed:
December months is for GST annual return deadline to file for FY 2021-22. Contact us for any clarification on your GST and its annual return. or visit at PrakashaAndco
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