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GST Annual Return deadline is approaching ! To avoid penalties, file your returns by Dec 31st 2022





The GST annual return is a statement of return that is required to be filed annually by each registered person (except for a few specified categories of persons) under GST, providing

  • Summarised details of outward supplies and taxes paid thereon

  • Input tax credits claimed

  • Taxes paid, and

  • Refund claimed in the fiscal year in which such annual return is filed.


Who should file GSTR-9, the Annual Return ?

 

All the assesses enrolled below GST must file their GSTR 9. Although the mentioned below items are not needed to file the GSTR-9:

  • Taxpayers opting for composition scheme (They must file GSTR-9A)

  • Casual Taxable Person

  • Input service distributors

  • Non-resident taxable persons

  • Persons paying TDS under section 51 of the CGST Act.



Applicability

 

Sales

GSTR 9

GSTR 9C

Up to 2 Cr

Optional

N/A

More than 2Cr. – 5 Cr

Filing is mandatory

Optional

More than 5Cr

Filing is mandatory

Filing is mandatory

Due Date for Filing GST Annual Return Forms

 

The due dates of the GSTR 9 annual return form for the

  • Financial Year 2021-22 – 31st December 2022

  • Financial Year 2020-21 (Revised) – 28th February 2022

  • Financial Year 2019-20 (Revised) – 31st March 2021

Penalty for not filing the GST Annual Returns

 

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.


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