GSTR-9 or GST annual return filing for taxpayers with a turnover of up to Rs.25 lakhs per annum

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GSTR-9 or GST Annual Return must be filed by all regular taxpayers registered under GST. The only category of GST registered entities not required to file GSTR-9 filing are input service distributors, casual taxable persons and non-resident taxable persons. The due date for filing GSTR-9 for FY2017-18 is 30th August, 2019. In this article, we look at GSTR-9 filing in detail.

GST registered taxpayers who have opted for the Composition Scheme under Goods and Services Tax (GST) are required to file GSTR-9A. GSTR-9A is a type of GST Annual Return that is expected to be filed once in a particular financial year. GSTR-9A includes all the information, submitted by the composition taxpayers, furnished in the quarterly return during a specific fiscal year. In this article, we look at the various aspects of GST annual return or GSTR-9A in detail.

Eligibility

Every taxpayer registered under the composition levy scheme under GST must file GSTR-9A. However, the following indivduals are not required to file GSTR-9A:

1. Input Service Distributor
2. Non-Resident Taxable Individuals
3. Individuals who pay Tax Deducted at Source (TDS) under Section 51 of the Income Tax Act.
4. Casual Taxable Individuals
5. E-Commerce operators who pay Tax Collected at Source (TCS) under Section 52 of the Income Tax Act.

Details for Filing GSTR-9A

While filing GSTR-9A, the taxpayer would be required to furnish the following information:

Part-I of GSTR-9A

Basic details such as the GSTIN, Trade Name and Legal Name of the taxpayer would be auto-populated on the GST Portal.

Part-II of GSTR-9A

Information on the outward and inward supplies that are declared in GSTR-4 that was filed during the financial year. This would comprise of the summary from all the quarterly returns filed during the fiscal year.

Part-III of GSTR-9A

Information of the tax paid as declared in the returns filed during the certain financial year. Taxes paid under different heads such as the IGST, SGST, CGST, Cess, Interest, Penalty and Late Fee has to be mentioned here.

Part-IV of GSTR-9A

Some specifics on particular transactions for the previous fiscal year that were declared in the returns of April to September of the current FY or up to the date of filing of annual return, whichever may be earlier. This section would comprise of the summary of the corrections or amendments concerning to the entries of previous FY. It may be omissions or additions.

Part-V of GSTR-9A

Various information such as the following:

1. Specifics of Demands and Refunds. Here, the details of any other demands from the tax department regarding tax, tax paid on a demand raised, any balance to be paid should be mentioned. Similarly, all the details of the Refunds claimed, refunds received out of a claim or any pending refund shall be mentioned.
2. The details of credit reversed or availed. If a taxpayer switches from a regular to a composition scheme or vice versa, ITC should be reversed or added accordingly. Such details concerning to ITC should be entered here.
3. Any Delay fee payable and paid. Any late fee on the account of delayed payments of tax or late filing of returns should be mentioned in this section.