Filing of GSTR-9 and the Consequences of Non-Filing
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GSTR-9 is an annual return form that is required to be filed by regular taxpayers registered under the Goods and Services Tax (GST) regime in India. This return provides a comprehensive summary of all the monthly or quarterly returns filed during the entire financial year.
There are different forms of GSTR-9 based on the type of taxpayer. The main form is GSTR-9, but there are also other variations like GSTR-9A for composition scheme dealers and GSTR-9C for taxpayers whose annual turnover exceeds a specified limit, requiring them to get their accounts audited.
GSTR-9 requires reconciliation with the audited annual financial statements of the taxpayer. This ensures consistency between the financial records and the GST returns filed.
Criteria for filing GSTR-9 forms
GSTR-9: – Every person registered under the regular GST scheme is required to file GSTR-9 if their turnover exceeds INR 2 Crores.
GSTR-9A: – Every person registered under the composition scheme is required to file form GSTR-9A for each financial year.
GSTR-9C: – Every GST registered person whose turnover exceeds INR 5 crores in a particular financial year.
The due date for filing the GSTR-9 forms: – 31st December of the succeeding financial year or as extended by government notification from time to time.
Filing of Nil GSTR-9: – A person is required to file NIL GSTR-9, If
- Not made any outward supply of goods/services.
- Not received any supply of goods/services.
- Not claiming any credit.
- Not claiming any refund.
- No other liability is pending.
- No pending litigation.
Exemption for filing GSTR-9 form: The following are the persons exempted from filing GSTR-9 and GSTR-9C respectively
- Taxpayers having turnover up to INR 2 Crores for a particular financial year are exempt from GSTR-9.
- Taxpayers having turnover up to INR 5 Crores for a particular financial year are exempt from GSTR-9C.
- Casual Taxable Person
- Input Service Distributor
- Non-Resident Taxpayers.
- OIDAR Services Providers.
Where to file GSTR-9: – Log in to the portal at https://www.gst.gov.in/ (Go to Services> Returns>Annual Return)
Late Fee and Penalties for delayed/non-filing of GSTR-9
- Late fee for filing of GSTR-9 after due date: – 200 per day (CGST Rs 100/- and SGST Rs 100/-) Maximum Rs. 5000 OR One-Fourth of the Total Turnover, whichever is less.
- Late fee for delayed filing of GSTR-9 on interstate supplies: – 200 per day.
- Late fee for delayed filing of Nil GSTR-9: – 100 per day (CGST Rs. 50/- and SGST Rs. 50/-)
- Late fee for Non-filing of GSTR-9: – 200 per day (CGST Rs 100/- and SGST Rs 100/-) Maximum ½ of the taxpayer’s turnover in the state or union territory
It’s important to note that GST regulations are subject to changes, and there might be updates to forms and procedures. Our tax experts assist you in staying informed about the most recent guidelines and notifications issued by the Goods and Services Tax Network (GSTN).
