{"id":593,"date":"2020-05-11T11:25:15","date_gmt":"2020-05-11T05:55:15","guid":{"rendered":"https:\/\/vdtc.co.in\/?p=593"},"modified":"2020-05-11T11:25:17","modified_gmt":"2020-05-11T05:55:17","slug":"gstr-9","status":"publish","type":"post","link":"https:\/\/vdtc.co.in\/?p=593","title":{"rendered":"GSTR-9"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\">What is the GSTR-9 annual return?<\/h3>\n\n\n\n<p>GSTR 9 is an annual return to be filed yearly by REGISTERED taxpayers registered under GST.&nbsp;<\/p>\n\n\n\n<p><strong>Points to note:\u00a0<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>In these details regarding the outward and inward supplies made during the previous year under different tax heads.<\/li><li>It is a consolidation of all the monthly\/quarterly returns filed in that year.<\/li><\/ul>\n\n\n\n<p><strong>Who is required to furnish the annual return?<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>All taxpayers\/taxable registered persons must file their GSTR 9. However, the following taxpayer is NOT eligible to file GSTR 9:<\/li><li>casual taxable persons.<\/li><li>Non- resident taxable person<\/li><li>Input service distributors and<\/li><li>Persons paying TDS under section 51 Due Date, late fee and penalty<\/li><\/ul>\n\n\n\n<p><strong>What is the prescribed form for the annual return\/statement?<\/strong><\/p>\n\n\n\n<p>The annual return is to be filed electronically in Form GSTR-9 through the common portal.<\/p>\n\n\n\n<p><strong>A person registered under composition levy:\u00a0<\/strong><\/p>\n\n\n\n<p>A person paying tax under composition scheme is required to file the annual return in Form GSTR-9A.<\/p>\n\n\n\n<p><strong>ECO (E-commerce operator) required to collect tax at source:\u00a0<\/strong><\/p>\n\n\n\n<p>An ECO required to collect tax at source is required to file an annual statement referred to in section 52(5) in Form GST-9B (yet to be notified). The statement for a financial year needs to be filed by 31st December of the next financial year.<\/p>\n\n\n\n<p><strong>Who is required to furnish a reconciliation statement?<\/strong><\/p>\n\n\n\n<p>The Section contains the provisions relating to accounts and records. Sub-section (5) of section 35 read along with section 44(2) and rule 80 of the CGST Rules stipulates as follows:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Every registered person must get his accounts audited by a Chartered Accountant or a Cost Accountant if his aggregate turnover during a financial year exceeds two crores.<\/li><li>Such registered person should furnish, electronically, the annual return along with a copy of &#8211;<ul><li>Audited annual accounts<\/li><li>A reconciliation statement with duly certified, in Form 9C<\/li><\/ul><\/li><\/ul>\n\n\n\n<p><strong>Annual Return<\/strong><\/p>\n\n\n\n<p>The annual return for a financial year needs to be filed by 31<sup>st<\/sup> December of the next financial year.<\/p>\n\n\n\n<p>In this return, the taxpayer needs to furnish details of income and expenditure of the during the financial year.<\/p>\n\n\n\n<p><strong>Due date to file GSTR-9<\/strong><\/p>\n\n\n\n<p>Any registered person who fails to furnish the annual return [GSTR 9\/9A] by the due date<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>shall be liable to pay a late fee of 100 per day or<\/li><li>subject to a maximum of 0.25% of his turnover in the State\/Union Territory, under the CGST Act<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>What is the GSTR-9 annual return? GSTR 9 is an annual return to be filed yearly by REGISTERED taxpayers registered under GST.&nbsp; Points to note:\u00a0 In these details regarding the outward and inward supplies made during the previous year under different tax heads. It is a consolidation of all the monthly\/quarterly returns filed in that<\/p>\n<p><span class=\"more-wrapper\"><a class=\"more-link button\" href=\"https:\/\/vdtc.co.in\/?p=593\">Continue reading<\/a><\/span><\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-593","post","type-post","status-publish","format-standard","hentry","category-gst"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/posts\/593"}],"collection":[{"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=593"}],"version-history":[{"count":1,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/posts\/593\/revisions"}],"predecessor-version":[{"id":594,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=\/wp\/v2\/posts\/593\/revisions\/594"}],"wp:attachment":[{"href":"https:\/\/vdtc.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vdtc.co.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}