GSTR-9 Last Date

 GSTR-9 

Definition

GSTR 9 is an annual return to be filed yearly by taxpayers registered under GST. It a details regarding the outward and inward supplies made/received during the previous year under different heads i.e. CGST, SGST & IGST . mainly, 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.

Types of Annual Return

There are 4 types of annual returns :

1) GSTR-9

2) GSTR-9A

3) GSTR-9B

4) GSTR-9C

GSTR 9: 

It should be filed by the regular taxpayers who are filing GSTR 1, and GSTR 3B.

GSTR 9A: 

It should be filed by the persons registered under the composition scheme of GST.

GSTR 9B:  

It should be filed by the e-commerce operators who have filed GSTR 8 during the financial year.

GSTR 9C: 

Every person registered under GST, whose aggregate turnover during a financial year exceeds two crore rupees would need to get his accounts audited as specified under sub-section (5) of section 35 of the GST Act. A copy of the audited annual accounts and a reconciliation statement, duly certified, should be furnished in form GSTR 9C.

As mentioned above, all taxpayers/taxable persons registered under GST must file their GSTR 9

In a Following Persons GSTR-9 not Applicable: 

• 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.

Last Date

As per CGST Act 2017 Section 35 GSTR-9 is to be filed on or before the 31st of December of the subsequent financial year. However, the Government has the power to extend this due date to such other date it considers necessary.

As per 35th GST council meeting Last Date for submit GSTR-9 is 31-Aug-2019

Penalty or Late Fee

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 & 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 2.5% of the taxpayer’s turnover in the relevant state or union territory. However, there is no late fee on IGST yet.