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What is GST gstr 9?
What is gstr-9?
When is gstr 9 due?
When to file annual return in form gstr 9?
6 days ago · GSTR-9 return filing requires collating GST data including sales, purchase register, taxes, demands, and refunds. It must be filed annually by all taxpayers, except specific categories. GSTR-9 due date is 31st December following the financial year. Late fees for non-filing based on turnover. GST amnesty scheme waives the late fee for delayed ...
- Gstr-9 and Gstr-9C
^Budget 2023 amended that taxpayers can not file a GSTR-9...
- How to Fill Tables 6-8 and 12-13 in Gstr-9
Form GSTR-9 is an annual return with exemptions for GST...
- Gstr-9A
Under GST, registered taxpayers including those registered...
- Non-resident Taxable Persons
Who is a ‘Non- Resident Taxable Person’? The Goods and...
- Input Service Distributor
The reason could be due to the shift of taxable event from...
- How to File Gstr-9 Offline
Steps to setup the GSTR-9 Offline utility (A) Download the...
- Gstr-9 and Gstr-9C
Oct 16, 2023 · Learn about the applicability, due dates, and analysis of GSTR-9 and GSTR-9C for FY 2022-23. Find out the details of outward supply, ITC, and reconciliation tables, and the late fee and penalty provisions.
- What Is The GSTR-9 Annual Return?
- Who Is Required to File Gstr-9?
- GST Annual Return Eligibility Types
- What Information Is Required to Complete The Gstr-9?
- Annual Return GSTR 9 Due Date For FY 2023-24
- GSTR-9 Elements
- GSTR-9 Applicability & Cases
- What Is Needed to Learn at The Time of GSTR-9 Filing
- GeneratedCaptionsTabForHeroSec
GSTR-9 is a GST return form that must be completed annually. It is simply a summary of the sales, purchases, and taxes made by a registered taxpayer over the whole fiscal year. This form aids in the reconciliation of the tax due by giving the government a consolidated perspective of a taxpayer’s activities throughout the year.
GSTR-9 must be filed by all ordinary taxpayers who are GST-registered. This applies to organizations, people, and entities that have registered for GST. The following taxpayer types, however, are excused from submitting GSTR-9: 1. Casual taxable persons. 2. Input service distributors. 3. Non-resident taxable persons. 4. Persons paying TDS under sec...
GSTR-9 forms categories into three types each catering to different types of assessees: GSTR-9– The same form is for the normal assessments that are used to file their yearly returns. GSTR-9A-The assessee who has chosen the composition scheme under the GST at the time of the fiscal year can use this form. GSTR-9C– This form, a reconciliation statem...
The GSTR-9 form consists of 6 parts and 19 sections. Each part seeks information that can be derived from your previously filed returns and accounting records. 1. In Part 1 of the form, you are required to provide details of annual sales, differentiating between taxable and non-taxable cases. 2. The purchasing section requires you to report the ann...
GSRT 9 Due Date & Late Fee, and Penalty
The late fee for not furnishing the GSTR-9 formwithin the left date is Rs 100 per article per day. It reveals that late fees of Rs 100 below CGST and Rs 100 below SGST will be liable for late cases. Rs 200 per day is subjected as a sum liability for failure. It is entitled to a highest of 0.25% of the assessee’s turnover in the related state or union territory. But till now there is no late fee on IGST.
The GSTR-9 form comprises various sections that require taxpayers to provide information regarding their financial activities throughout the year. These sections encompass: General Information: This includes the taxpayer’s name, GSTIN (Goods and Services Tax Identification Number), and the specific financial year for which the return is being filed...
GSTR-9 Nil return: When a person is GST-registered but doesn’t engage in any transactions throughout the year, they must submit a Nil GSTR 9 annual return. If a person’s registration was cancelled during the fiscal year, they must submit a GSTR 9 annual return for the time they were registered for GST. When a person chooses to join and leave the co...
Precise data: It is important to ensure the accuracy of the data you provide in the GSTR-9 form and verify that it aligns with the information filed in your monthly or quarterly returns. Timely Filing: The deadline for filing GSTR-9 is generally December 31st of the following financial year. However, it is crucial to stay updated on any potential c...
Learn about the GSTR 9 annual return form, who is required to file it, what information is needed, and when it is due. Find out the latest updates on exemptions, extensions, penalties, and CA portal guidance for GST-registered taxpayers.
- 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.
- Respond to a questionnaire to determine among a NIL go back or an annual return with information.
- 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.
- 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.
- BASIC INFORMATION: Annual return starts with the basic details to be furnished about the registered person. It is expected that these details would get auto-populated in common portal.The information sought under this category is
- OUTWARD & INWARD SUPPLIES: This part requires furnishing the details of all outward supplies made during the year (segregated between supplies liable to tax and not liable to tax) and inward supply liable to reverse charge basis.
- INPUT TAX CREDIT. This part requires the person filing Annual Return to declare the details of all ITC related information. Some of the information in this segment is auto populated whereas most of other details have to be furnished in the Annual Return manually.This part is further subdivided in the below Tables
- DETAILS OF TAX PAID: This part requires furnishing the information/details of different nature of taxes payable and paid either in cash or through utilization of input tax credits.
Dec 11, 2023 · Learn how to file GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) for FY 2022-23 in India. Find out the due date, applicability, tables, prerequisites and steps to prepare and file GSTR-9 online.
It is due to be filed by 31st December of the year following the particular financial year. For the first two financial years, the annual return filing has been extended several times. Latest Updates. 31st March 2023. CGST Notification 07/2023 has notified the GST Council recommendation.
