GSTR 9 is an annual return to be filed yearly by taxpayers registered under GST.
Points to
note:
It consists of details regarding the outward and inward supplies made/received during
the relevant previous year under different tax heads i.e. CGST, SGST & IGST and
HSN codes.
It is a consolidation of all the monthly/quarterly returns (GSTR-1, GSTR-2A, GSTR-
3B) filed in that year. Though complex, this return helps in extensive reconciliation of
data for 100% transparent disclosures.
All taxpayers/taxable persons registered under GST must file their GSTR 9. However, the
following are NOT required to file GSTR 9:
Taxpayers opting composition scheme (They must file GSTR-9A)
Casual Taxable Person
Input service distributors
Non-resident taxable persons
Persons paying TDS under section 51 of CGST Act.
Due Date, late fee and penalty
The due date to file GSTR-9 is further extended to November 30, 2019.
The late fees for not filing the GSTR 9 within the due date is Rs 100 per day, per act.
That means late fees of Rs 100 under CGST and Rs 100 under SGST will be
applicable in case of delay.
Thus, the total liability is Rs 200 per day of default. This is subject to a maximum of
0.25% of the taxpayer’s turnover in the relevant state or union territory. However,
there is no late fee on IGST yet.
GSTR-9 is divided into 6 parts and 19 sections. Each part asks for details that are easily
available from your previously filed returns and books of accounts.
Broadly, this form asks for disclosure of annual sales, bifurcating it between the cases
that are subject to tax and not subject to tax.
On the purchase side, the annual value of inward supplies and ITC availed thereon is
to be revealed.
Furthermore, these purchases have to be classified as inputs, input services, and
capital goods. Details of ITC that needs to be reversed due to ineligibility is to be
entered.
To make annual return filing easier and error-free, ClearTax GSTR 9 solution comes with a
host of features like –
One-click download of GSTR 1, 2A, and 3B data for all 21 months
Auto-filling of all tables of GSTR-9 including Tables 6-8, 10, 11 and 17
A simple 19-point checklist to identify potential errors
In-built audit trail at an invoice level for each entry
Directly import the data into ClearTax with the superfast Tally plug-in
Auto-compute outward HSN summary from sales books to fill Table-17
Invoice-level reconciliation of GSTR-1 with books of accounts
One-click GSTR-9 data upload to GSTN and filing with advanced Cleartax Assistant
for GSTR-9.