What is GSTR-9?
Hello, during this post we’ll discuss all relating to GSTR-9 or the GST annual come back. Meaning, differing kinds, maturity and GSTR nine format or the main points. Also, we’ve got given a downloadable PDF of GSTR- nine format. scan the complete post to understand additional.
Meaning of GSTR nine
GSTR nine is that the annual come back. it’s a compilation come back which has all business transactions in dire straits the actual twelvemonth. GSTR-9 consists of details regarding the provides created and received throughout the year below totally different tax heads i.e., CGST, SGST, and IGST. It consolidates the data equipped within the monthly/quarterly returns throughout the actual year.
GSTR-9 maturity
The maturity to file the GSTR-9 is thirty first Dec of the preceding year. as an example, thirty first December 2018 for the FY 2017-18.
Frequently Asked queries on GSTR-9
1. that type to be filed PAN or GSTN wise?
GSTN wise i.e., on an individual basis for every GSTN.
2. What if your GSTN is Cancelled?
Even if your GSTN is off, say throughout FY 2017-18, taxpayers area unit needed to file GSTR-9.
3. WHO cannot file GSTR-9?
Below is that the list of WHO cannot file GSTR-9:
- Composition Dealers
- Input Service Distributors
- Tax Deductor
- Tax Collector
- Casual ratable person
- Non-resident ratable person
4. that type Composition Dealer must file?
Composition dealer must file GSTR-9A.
5. What if opted out or in Composition Dealer throughout the year?
If you have got opted out or in Composition Dealer throughout the year, the payer must file GSTR-9 and GSTR- 9A for the relevant periods.
6. Is it necessary to file goose egg Return?
Yes, it’s necessary to file goose egg come back.
7. what’s a 0 return?
Nil come back are often filed for the twelvemonth if you have got not: –
- made any outward offer (commonly called a sale)
- Received any product / services (also usually called a purchase)
- Have no alternative liability to report
- Claimed any person any refund
- Received any order making demand
8. that type to file if you have got the turnover higher than Rs. 2 crores?
You need to file GSTR-9C once filing GSTR-9.
9. will GSTR-9 be filed if the payer has not filed GSTR-1 and GSTR-3B?
GSTR-9 can’t be filed unless GSTR-3B and GSTR-1 area unit filed.
10. will GSTR-9 be revised?
No, presently GSTR-9 doesn’t enable any revision once filing.
11. Implication of cant in GSTR nine filed?
Incorrect information will attract tax demands, interest and penalties on identical and also the long-run litigations that follow years later.
12. will extra liability be paid?
Liability known throughout the filing of annual come back are often deposited with Government exploitation DRC-03 type (i.e., Liability not earlier paid through GSTR-3B)
13. can the extra liability be auto-calculated within the Form?
No, liabilities must be self-calculated and additionally self-deposited (Except Late filing fees of GSTR-9)
14. will extra ITC be claimed?
ITC that isn’t claimed in GSTR-3B can’t be claimed in GSTR-9. Also, identical must be claimed in GSTR-3B upto the extended timeline for claiming input credit.