GSTR-9 is an annual return which has to be file by regular taxpayers to maintain accurate records of GST transactions.
It provides a comprehensive summary of all outward and inward supplies made during the financial year.
It summarizes information from the monthly or quarterly GSTR-1, GSTR-2A, GSTR-3B, and other relevant returns.
Important Update
Taxpayers with an aggregate turnover of up to Rs 2 crore for the FY 2023-24 are exempt from filing GSTR-9.
As per Notification No. 14/2024-Central Tax, government notifies the exemption from filing GSTR-9 for small businesses with a turnover of up to Rs 2 crore in FY 2023-24 to provide support to numerous small business owners.
Due Date to File GSTR-9
The due date to file GSTR-9 for FY 23-24 is 31st December 2024.
Who requires to File GSTR-9?
- Normal Taxpayers including SEZ units and developers.
- Composition Scheme Dealer [can file Annual Return in Form GSTR-9A].
Who are not required to file GSTR 9?
- Non-Resident Taxable Persons.
- Casual Taxable Persons who do not have a fixed place of business.
- Input Service Distributors (ISD).
- Persons who require deducting or collecting Tax at Source.
What are the details to be report?
Annual return summarizes sales, purchases, ITC, and other transactions which include:
- Details of sales which subject to tax and not subject to tax.
- Total value of purchases and ITC availed.
- Details of imports of goods and services, and GST paid/payable on these imports
- Details of ITC reversals due to ineligibility.
- Details of advances received and any adjustments made.
- Summary of GST paid/payable on all inward and outward supplies during the financial year.
FAQs
Yes, all GST registered taxpayers must file their GSTR 9.
No, government has made optional for businesses with an annual turnover of less than Rs 2 crore.
Yes, reporting the HSN Summary is mandatory from financial year 2021-22.