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Annual Return GSTR-9: Meaning, Eligibility, Due Date, Filing Format & Penalty


The Goods and Services Tax regime came up with a number of returns to be filed by the taxpayers. One such important return that the taxpayer cannot miss out on is the Annual Return: GSTR-9. Majority of the traders or businesses registered under GST are supposed to file this return. Here in this blog post, we will discuss what GSTR-9 is all about along with the eligibility, due date, the format prescribed and the penalty that is to be paid in case of failure to file the return.

Here in this blog post, we will be discussing the following:

What is GSTR 9?

GSTR-9 is also known as the “Annual Return”. A taxpayer under GST has to make a declaration of all the supplies made by him on a monthly basis. GSTR 9 is a return where all the transactions done in that particular Financial Year are declared. Simply put, it is a consolidated return for all the supplies done in a year.

What are the other kinds of Annual Returns?

  • GSTR-9A

This is filed by those taxpayers who have opted for the Composition Scheme.

  • GSTR-9B

This return is filed by those e-commerce operators who had filed GSTR-8 during the year.

  • GSTR-9C

This annual return is filed by those whose annual turnover exceeds the limit of ₹ 2 crores. GSTR-9C is also known as the audit form. Such taxpayers also need to get their accounts audited and file a copy of the audited annual accounts, reconciliation statement of tax already paid along with tax payable as per audited accounts.

Who must file GSTR 9?

All the taxpayers who have got themselves registered under the Goods and Services Tax must file the Annual Return: GSTR-9, except for the following:

  • Casual Taxable Person
  • Input Service Distributors (ISD)
  • Non-resident Taxable Persons
  • People who pay TDS u/s 51 of GST Act

What is the due date of Annul Return GSTR 9?

31st January 2020 is the due date for filing GST Annual Return (GSTR 9) and Reconciliation statement (GSTR-9C).

What is the format of GSTR-9?

Let’s first discuss the various parts of GSTR-9.

Part I

This includes the basic details of the taxpayer which are auto-populated.

Annul Return GSTR-9 Form Part-I

Part II

The details of both outward and inward supplies declared in the FY are included in Part II. In other words, this part contains the consolidated summary from all the GST returns filed in the previous financial year.

Annul Return GSTR-9 Form Part-II

Part III

This part contains the details of the Input Tax Credit (ITC) declared during the year. The details are nothing but the summarized values picked up from the filed GST returns.

Annul Return GSTR-9 Form Part-III

Part IV

The details of the tax already paid in the financial year are included in Part IV.

Annul Return GSTR-9 Form Part-IV

Part V

This part includes the details of the transactions for the previous year declared in returns of April to September of the current financial year or up to the date of filing of annual returns of previous financial year, whichever is earlier. The summary of amendment or omission entries with respect to previous financial year but reported in the current financial year would be declared here.

Annul Return GSTR-9 Form Part-V

Part VI

This part includes details like:

  • GST demands and refunds.
  • HSN wise summary of the quantity of goods supplied and received with its corresponding tax details against each HSN code.
  • Late fees payable and paid details.
  • Segregation of inward supplies received from different categories of taxpayers like composition dealers, deemed supply, and goods supplied on approval basis.

Annul Return GSTR-9 Form Part-VI

Here is the complete format of the Annual return GSTR-9 which will provide with a deeper insight into the various parts stated above.

Simplification of Form GSTR-9 & GSTR-9C

  • HSN code may be declared only for those inward supplies whose value independently accounts for 10% or more of the total value of inward supplies.
  • If any additional payments are to be made they can be done through the FORM GST DRC-03 in cash.
  • ITC cannot be availed through FORM GSTR-9 and FORM GSTR-9C.
  • Verification by a taxpayer who is uploading the reconciliation statement would also be included in FORM GSTR-9C.
  • All monthly/quarterly GST Returns must be filed before filing Annual returns
  • Outward or Inward supplies to be declared in the Annual returns to be ‘supplies made during the financial year’ and not ‘supplies, as declared in GST returns filed’
  • Value of ‘No Supply’ can be declared under Exempt supplies section at Table 5D, 5E or 5F of GSTR-9
  • In GSTR-9, Table 8A-ITC as per GSTR-2A – auto-populates all invoices related to FY 2017-18 irrespective of the month of filing GSTR-1 by suppliers

What is the penalty for late filing of GSTR 9?

The taxpayer has to be really careful when it comes to the filing of GST returns as timely filing saves him from heavy penalties. In case a taxpayer doesn’t file his GSTR-9 on time, then he is liable to pay a penalty of ₹ 200 per day containing ₹ 100 each under both CGST and SGST Act. The penalty, however, cannot exceed 0.25% of the total turnover of the taxpayer in the respective state or UT.

The Annual Return is one of the most important returns as it contains the details of all the transactions that took place in the financial year. Hence, this calls for cautiousness along with responsibility on the part of the taxpayer. It’s really important to file GST returns on time to avoid penalties and also to remain in the good books of both the clients and the Government.

Arpita Bora is leading the content writing team at HostBooks Limited. She has pursued her Masters in Commerce. With over 4.5 years of experience in technical and creative writing, she specializes in both long and short-form digital content.

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