GSTR 9 - Annual Return Filing

GSTR 9 is an annual tax return that contains details related to the supplies you have made and received during the year. In this guide, you will find the following information:

What is GSTR 9?

The GSTR 9 is a document or statement that has to be filed once a year by a registered taxpayer. This document will contain the details of all supplies made and received under various tax heads (CGST, SGST and IGST) during the entire year along with turnover and audit details for the same.

The government has introduced a GSTR 9C audit form, which is to be filed annually by taxpayers who have a turnover of more than Rs.2 crores. It is basically a reconciliation statement between the annual returns filed in GSTR 9, and the audited annual financial statements of the taxpayer.

GSTR 9 Types

  • 1. GSTR 9 must be filed by regular registered, taxpayers who file GSTR 1 and GSTR 3B.
  • 2. GSTR 9A must be filed by registered, composite dealers (composition scheme).
  • 3. GSTR 9B must be filed by e-commerce operators who collect tax at source and have filed GSTR 8 for the financial year.
  • 4. GSTR 9C is an audit form that must be filed by all taxpayers whose aggregate turnover exceeds Rs.2 crores in a financial year and is liable to get their annual reports audited.

Who should file GSTR9?

  • 1. You must be a registered tax payer under the GST with a 15 digit PAN based GSTIN.
  • 2. The aggregate turnover of your business should be greater than 20 lakh rupees.
  • 3. This return applies to all registered tax payers under the GST excluding those who have a Unique Identification Number (UIN) and non-resident tax payers.
  • 4. You need to capture the details of all your transactions at the invoice level for the entire year. This includes intra-state and inter-state transactions, B2B and B2C transactions, transactions associated with exempted items, non-GST supplies and stock transfers between your business locations that are located across different states.