CBIC Encourages Taxpayers to Submit GSTR-9 Annual Returns Prior to Deadline  

In a tweet, CBIC stated, “Ensure timely filing of your Annual Return in Form GSTR-9 and Form GSTR-9C.”

Attention to all GST taxpayers! Kindly complete the filing of your Annual Return in FORM GSTR-9 and FORM GSTR-9C for the fiscal year 2022-23. The deadline for submitting Form GSTR-9 and 9C is December 31, 2023. Delayed filing of FORM GSTR-9 and GSTR-9C will result in the imposition of a late fee.

Form GSTR 9 (GST Annual Return Form)

It is meant for a return form which is required to be filed once a year by the regular taxpayers concerning the GST regime.

It is further categorized into IGST, SGST and  CGST.

Under the heads, the taxpayers fill in information about supplies made and received in a year separately. It is a consolidated form that comprises the details mentioned in the monthly/quarterly returns in a year.

Taxpayers who are required to file FORM GSTR-9

All GST Taxpayers having Aggregate Turnover above Rs.2 Crore (during F.Y. 2022-23) except the following:

1. Input Service Distributor

2. TDS Deductor

3. TCS Collector

4. Casual Taxable Person

5. Non-Resident Taxable Person

What are Different Sorts of Annual GST Returns?

Different kinds of annual returns under GST:

GSTR-9 Annual Return Form: The regular taxpayer who files 1 and 3B forms are required to file the GSTR-9.

GSTR-9A: The composition scheme holder under GST is required to furnish GSTR-9A. 

GSTR-9B: All the e-commerce operators who have filed GSTR are required to file GSTR-9B in a financial year.

GSTR-9C: The taxpayers whose annual turnover crosses Rs. 5 crores are required to file GSTR-9C in a financial year. All those taxpayers are needed to obtain the accounts to be audited and furnish a copy of the reconciliation statement of tax already paid, audited annual accounts, and tax payable according to the audited accounts with GSTR-9C.

GSTR 9 Filing: Steps taken to ease compliance by CBIC

1. 4B To 4E now be filled net of Credit Notes, Debit Notes and Amendments, Rather than separate reporting in 4I, 4J 4K & 4L;
2. Furthermore, Tables 5A to 5F now be inserted with the net of Credit Notes, Debit Notes, and Amendments, Rather than reporting individually in 5H, 5I, 5J & 5KJ;
3. If Table 5D, 5E & 5F (exempted, nil rated and Non-GST supply) – A single figure can be filed corresponding to EXEMPTED in 5D

Due Date for Filing GST Annual GSTR 9 Return Form

The due date of the GSTR 9 annual return form for the financial year 2022-23 is 31st December 2023

Central Board of Indirect Taxes & Customs (CBIC) notified the amendments regarding the simplification of GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) which inter-alia allow the taxpayers to not to provide a split of input tax credit availed on inputs, input services, and capital goods and to not to provide HSN level information of outputs or inputs, etc. for the financial year 2017-18 and 2018-19.”

Penalty Norms When You Miss the Due Date of GSTR-9 Filing

As per the penalty provisions of the GSTR-9 annual return form, the taxpayer has to pay Rs. 200 per day as a penalty of which Rs. 100 consists of SGST and Rs. 100 for CGST. Also, it is to be noted that the total penalty cannot exceed 0.25% of the total turnover on which the said penalty is being levied.

From the financial year 2022-23 onwards, Taxpayers have to pay Rs.50 per day as the penalty of which Rs 25 consists of SGST & Rs.25 consists of CGST in case of Turnover up to Rs. 5 crores. In case of Turnover exceeds Rs.5 crore late fee would be Rs.100 consisting of Rs. 50 for SGST & Rs.50 for CGST.

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