GST Annual Return

At JuroLegal, we simplify the process of GST Annual Return filing for businesses of all sizes, ensuring full compliance with the Goods and Services Tax Act. Our experts help you prepare and file Form GSTR-9 and GSTR-9C, reconciling your monthly or quarterly returns with your financial statements to avoid discrepancies, notices, or penalties. We conduct a thorough review of sales, purchases, input tax credits, and tax payments to ensure accuracy and compliance with the latest CBIC guidelines. Whether you are a regular taxpayer, composition dealer, or enterprise with multiple GSTINs, JuroLegal ensures a seamless, error-free, and timely annual GST compliance process, giving you complete peace of mind.

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  • The GST Annual Return is a comprehensive return that must be filed by all registered taxpayers under the Goods and Services Tax (GST) regime in India. This return provides a summary of all transactions made during the financial year, including details of the supplies made and received, and the tax paid and collected.
  • GSTR-9: For regular taxpayers.
  • GSTR-9A: For taxpayers under the Composition Scheme (discontinued for FY 2019-20 onwards).
  • GSTR-9B: For e-commerce operators (discontinued).
  • GSTR-9C: For taxpayers with an annual turnover exceeding ₹2 crore, this includes a reconciliation statement and certification by a Chartered Accountant (CA) or Cost Accountant.

Steps to File GSTR-9

  1. Login to the GST Portal.
  2. Navigate to Services > Returns > Annual Return.
  3. Select the Financial Year for which the return is to be filed.
  4. Click on ‘Prepare Online’ under GSTR-9.
  5. Fill in the required details in the respective sections.
  6. Save the details periodically to avoid data loss.
  7. Preview and Submit the return.
  8. File the return using DSC or EVC.
  9. Download the filed return for your records.

Penalties for Non-Filing or Late Filing

  • A late fee of ₹200 per day (₹100 CGST + ₹100 SGST) is applicable for each day of delay, subject to a maximum cap of 0.25% of the taxpayer’s turnover in the respective state or union territory.
  • Interest at 18% per annum is also charged on the outstanding tax amount.

  • Key Aspects of GSTR-9

    Eligibility

    All regular taxpayers registered under GST must file GSTR-9, except:

    • Taxpayers under the Composition Scheme (they file GSTR-9A).
    • Casual taxable persons.
    • Input Service Distributors (ISDs).
    • Non-resident taxable persons.
    • Persons paying TDS under section 51 of the CGST Act.

    Due Date

    The due date for filing GSTR-9 is 31st December of the subsequent financial year. Extensions are sometimes provided by the government.

Sections in GSTR-9

  1. Part I: Basic Details

    • Financial year
    • GSTIN
    • Legal Name and Trade Name (if any)

  2. Part II: Details of Outward and Inward Supplies

    • Supplies made during the financial year (taxable, exempt, nil-rated, and non-GST supplies)
    • Supplies on which tax is payable
    • Supplies on which tax is not payable

  3. Part III: Details of Input Tax Credit (ITC)

    • ITC availed as declared in returns filed during the financial year
    • ITC reversed and ineligible ITC as declared in returns

  4. Part IV: Tax Paid as Declared in Returns

    • Details of tax paid under various heads (IGST, CGST, SGST/UTGST, and Cess)

  5. Part V: Particulars of Transactions for the Previous Financial Year Declared in Returns of April to September of Current FY or up to the Date of Filing of Annual Return of Previous FY

    • Amendments and corrections made during the current financial year for the transactions pertaining to the previous financial year

  6. Part VI: Other Information

    • Demands and refunds
    • HSN-wise summary of outward and inward supplies
    • Late fees payable and paid
    • Segregation of inward supplies received from different types of suppliers (Composition taxpayers, UIN holders, etc.)
  • Compliance: Ensures compliance with GST laws.
  • Reconciliation: Helps in the reconciliation of data for the entire financial year.
  • Correction: Provides an opportunity to correct any discrepancies reported in the monthly/quarterly returns.
  • Transparency: Enhances the transparency of transactions and tax payments.