GST Annual Return

GSTR 9 is an annual return need to be filed once in a year by the registered taxpayers. It consists of details regarding supplies made and received during the year. It consolidates the information furnished by the registered taxpayers in the monthly or quarterly returns during the year. There are three type of annual returns, as under:

1. GSTR 9: need to be filed by the regular taxpayers.
2. GSTR 9A: need to be filed by the taxpayer registered under composition scheme.
3. GSTR 9B: need to be filed by the e-commerce operators.
   GST Audit
   
   Every registered person under GST whose turnover during a FY exceeds 2 crore rupees, would need to get his accounts audited under GST provisions by a CA/CMA. A copy of the audited annual accounts and a reconciliation statement, duly certified, should be furnished in form GSTR 9C.
   
   GSTR-9, or 9A, or 9B is to be filed on or before 31st December of the subsequent financial year.
   
   For FY 2017-18, the due date for filing GSTR 9 has been extended to 30th June 2019.
   
   For FY 2018-19 the due date for filing GSTR 9 is 31st December 2019.
   
   Penalty for the late filing
   
   Late fees for not filing the GSTR 9 within the due date is Rs. 100 per day per act up to a maximum of an amount calculated at a quarter percentage of the taxpayer’s turnover in the state or union territory. There is no late fee on IGST. GSTR-9 does not allow for any revision after filing.
   
   Annual return needs to be filed even if the taxpayer has got his registration cancelled during the said financial year.
   
   Form GSTR-9 return is required to be filed at GSTIN level i.e. for each registration.