GST annual return filing and due date

[Sparsh wadhwa]

What is GSTR 9?

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

The authorities has delivered a GSTR 9C audit form, that is to be filed annually by taxpayers who have a turnover of more than Rs.2 crores. It is essentially a reconciliation assertion between the yearly returns filed in GSTR 9, and the audited annual monetary statements of the taxpayer.

Types of GST Annual Returns

GSTR-9: Tax entities with a turnover exceeding 2 Crores are mandated to file the GST annual return the use of Form GSTR-9. This return compiles complete monetary records.

GSTR-9A: Registered taxpayers who opted for the GST Composition scheme must post GSTR-9A. This tailored go back addresses the particular desires of composition scheme contributors.

GSTR-9C: Form GSTR-9C reconciles the taxpayer’s annual returns in GSTR-9 with the figures located in their audited economic statements for the given economic 12 months. This reconciliation declaration is vital for entities requiring an annual account audit. 

Due Date for Filing GST Annual GSTR 9 Return Form

The due date of the GSTR 9 annual return form for the  year 2022-23

Financial Year 2022-23 – 31st December 2023

Financial Year 2021-22 – 31st December 2022

Procedure to File GSTR-nine Filing

Step 1: Sign in and navigate to GSTR-9

Access your GST Portal account and proceed to the ‘Returns Dashboard.’ From there, click on on ‘Annual Return.’ Alternatively, you may also find it in your dashboard. On the ‘File Annual Returns’ page, choose the relevant ‘Financial Year.’ You will get hold of an crucial message outlining the steps for Online/Offline GSTR-9 submitting. Click on ‘Prepare Online

Step 2: Respond to a questionnaire to determine among a NIL go back or an annual return with information

Determine whether or not you want to document a Nil return for the monetary year with the aid of selecting ‘Yes’ or ‘No.’ Opt for ‘Yes’ best if all the following conditions are met:

• No outward supplies made
• No receipt of goods/services
• No different liabilities to record
• No claimed credit No refund requests
• No demand orders receive

Click on all four tabs to down load:

• GSTR-9 system-generated summary
• GSTR-1 summary GSTR-3B summary
• Table-8A report information

These downloaded summaries will assist in reconciliation and offer insights into the details wished for diverse sections.

Step 3: Input required information into various tables for the whole financial year

• Section: Details of advances, inward and outward supplies made for the duration of the economic yr on which tax is payable – Table 4 Click on the corresponding segment.
• The device will automobile-populate the details based on the data from GSTR-1 and GSTR-3B. Edit the cells or input tax values.
• If the figures vary inside /- 20% of the automobile-populated facts, the cells could be highlighted.
• A confirmation message will seem, asking if you need to proceed despite the deviation. Click ‘Yes’ to verify the info.
• A confirmation will appear stating ‘Save request is widespread successfully.’
• Return to the Dashboard.’ The Table 4 section can be up to date. Repeat the equal steps for the ultimate sections listed underneath:
• Details of outward resources made at some stage in the monetary 12 months on which tax isn't payable – Table (5M)
• Details of ITC availed at some point of the economic yr – Table 6(O)
• Details of ITC reversed and Ineligible ITC for the monetary yr – Table 7(I)
• Other ITC-related data – Table 8(A)
• Details of tax paid as declared in returns filed at some stage in the economic year – Table nine
• Details of the previous monetary 12 months’s transactions stated inside the next financial yr – Table 10, 11, 12
• Differential tax paid due to declaration 
•  Particulars of Demands and Refunds – Table 15
• Supplies received from the Composition taxpayers, deemed supply and goods sent on approval basis – Table 16
• HSN-wise summary of Outward Supplies – Table 17
• HSN-wise summary of Inward Supplies – Table 18

Step 4: Preview GSTR-9 draft in Excel or PDF format

Taxpayers can view the form in PDF or Excel format.

To preview the PDF:

Click on "Preview GST-9 " in the GSTR-9 dashboard. Download the draft version, review it, and if changes are needed, make them online before restoring the draft version.

To preview in Excel:

Click on 'Preview GSTR-9 (Excel)' in the GSTR-9 dashboard. Download the draft and go to the given link. Extract the GSTR-9 Excel summary file from the zip file. If adjustments are necessary, make them online and re-draft.

Step 5: Calculate liabilities and late fees

After clicking on “Calculate Payables”, the GST portal will process the details from various sections. It will also charge late fees for late filing. After a while, a confirmation message will appear allowing you to continue with the submission. Taxpayers can pay funds from the electronic cash book. If the cash book balance is insufficient, additional payment can be made through Netbanking, over the counter or through NEFT/RTGS with additional payment challan.

Note: Returns cannot be filed until applicable late fees have been paid. Taxpayers should review the draft in PDF/Excel format again as mentioned in step 4. 

Step 6: Continue to file your annual return

Check the declaration box and select "Authorized signatory".
Click on “GSTR-9 File”.
An application submission page will appear with two submission options.
File from DSC: Browse and select the certificate, then sign and submit.
File with EVC: One time password will be sent to registered email id and mobile number. Verify OTP. After verification, the status of the return will change to 'Filed.

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Author may be reached at 8302480939.