What exactly is GSTR 9?

GSTR 9: Annual return summarizing supplies produced and received, filed by registered taxpayers yearly, detailing tax categories and turnover. GSTR 9C reconciles audited financials with GSTR 9 for turnovers >Rs 2 crore.

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When does GSTR9 have to be filed?

GSTR-9 for the fiscal year 2018-2019 must be filed by November 30, 2019, according to the 37th GST Council Meeting. The deadline for submitting this return is December 31 of the following year. (For example, if you complete the GSTR-9 for 2019, you must do so by December 31, 2020.)

GSTR 9: Regular taxpayers filing GSTR 1 and GSTR 3B must file this annual return, detailing supplies produced and received.
GSTR 9A: Filed by composite dealers under the Composition Scheme.
GSTR 9B: For e-commerce firms collecting tax at source and filing GSTR 8, reconciling collected data.
GSTR 9C: Audit form for taxpayers with turnover > Rs 2 crores, reconciling audited financials and GSTR 9.

Who Files GSTR 9?

GST registered taxpayers with GSTIN (except UIN holders and non-resident taxpayers).
Revenue > Rs 20 lakhs.
Record detailed invoice-level transactions for the entire year, including intra/inter-state, B2B/B2C, exempt, non-GST, and stock transfers.

GSTR-9 Annual Return Filing Instructions

Part 1:

Essential details like fiscal year, GSTIN, legal name, and trade name (if any).

Part 2: Details on Outbound and Inbound Supplies:

Section 4: Details of taxed supplies (B2C, B2B, zero-rated exports, SEZ supplies, imports, reverse charge, etc.).
Section 5: Tax-free and exempt supplies (exports, SEZ, reverse charge, etc.).

Part 3: Input Tax Credit (ITC) Details:

Section 6: ITC claimed in GSTR-3B and purchases (inputs, capital goods, services, imports, SEZ supplies).
Section 7: Reversed ITC and ineligible ITC (Rule 37, Rule 39, Rule 42, Rule 43, blocked credits).
Section 8: ITC from GSTR-2A and on sales supplies, available but unused ITC.

Part 4: Taxes Paid as Reported in Returns:

Details of taxes paid and declared in returns during the fiscal year.

Part 5: Transactions for Previous Fiscal Year:

Section 10: Disclose transactions from the previous fiscal year (amendments, ITC reversal, ITC received).

Part 6: Other Information:

Section 15: Demands, refunds, penalties, late fees.
Section 16: Supplies from composition taxpayers, deemed supplies, products sent with consent.
Sections 17 and 18: HSN-wise details for sales and purchase supplies.
Section 19: Late fines for federal and state taxes.
Sign and validate the return with DSC or Aadhar-based signature.

The GSTR 9 format captures data on supplies, ITC, taxes, and more, providing a comprehensive view of a taxpayer's transactions for the fiscal year.

FAQ

Frequently Asked Questions

The division of ITC into Capital goods, Inputs, and Input Services is required under Table 6B of GSTR- Purchases due to output supply of products, output services, and capital goods must be identified in books of accounts, and ITC on these purchases must be distinguished. The treatment of ITC for products and services, on the other hand, is identical. As a result, such splitting may be avoided in the first year because the assesse may not have kept records properly due to the lack of a requirement in GSTR-3B.

In GSTR-9, no further credit can be claimed that was not claimed in GSTR-3B. Credit claimed in a TRAN-1 filing, on the other hand, can be reported in GSTR-9 under Table 6K/6L or Table 13, as appropriate.

Even if there is inaccurate reporting under GSTR-3B, an assesse should make correct reporting under GSTR-9 by revealing the reverse charge paid under Table 4G.

Both B2B and B2C suppliers are required in Table 4 of GSTR-9. In this situation, the assessee must declare sales in Table 4 as B2B, as this is the correct categorisation, even though it was incorrectly represented as B2C in GSTR-1.

It is a yearly return that must be filed by all GST-registered taxpayers, regardless of their annual turnover. The return includes information on the taxpayer's inbound and outbound supply, taxes paid, refunds claimed, demand raised, and ITC received. Except for the following taxpayers, who are required to file GSTR-9: