How To File Your GSTR – 9
GST Returns associate degree annual come needs to be filed once in an exceedingly year by the registered tax payers underneath GST together with those registered underneath composition levy theme underneath GSTR-9 & GSTR-9A
1. what's GSTR-9 annual return?
GSTR nine type is associate degree annual come to be filed once in an exceedingly year by the registered taxpayers underneath GST. It consists of details relating to the provides created and received throughout the year underneath completely different tax heads i.e. CGST, SGST and IGST. It consolidates the data equipped within the monthly or quarterly returns throughout the year
2. UN agency ought to file GSTR nine annual return?
All the registered dutiable persons underneath GST should file GSTR nine type. However, the subsequent persons don't seem to be needed to file GSTR nine
• Taxpayers opting Composition theme as they have to file GSTR-9A
• Casual dutiable Person
• Input service distributors
• Non-resident dutiable persons
• Persons paying TDS underneath section fifty one of CGST Act.
3. what's the maturity date of GSTR-9?
GST Returns GSTR-9 is to be filed on or before thirty first Gregorian calendar month of the following fiscal year. However, the govt. has the facility to increase this maturity date to such maturity date, because it deems necessary.
For instance, for FY 2017-18, the maturity date for filing GSTR nine has been extended to thirtieth Gregorian calendar month 2019*.
For FY 2018-19 the maturity date for filing GSTR nine is thirty first Gregorian calendar month 2019*.
4. what's the Penalty for the late filing of GSTR-9 form?
Late fees for not filing the GSTR nine among the maturity date is Rs. one hundred per day per act up to a most of associate degree quantity calculated at 1 / 4 proportion of the taxpayer’s turnover within the state or union territory. therefore it's Rs one hundred underneath CGST underneath SGST, the full penalty is Rs two hundred per day of default. there's no late fee on IGST.
5. a way to prepare GSTR-9 discussion of type
GST Returns The declaration of the data within the Annual returns has multiple implications. Any propaganda will attract tax demands, interest and penalties on a similar, leave the semipermanent litigations that follow years later.
The principal supply for getting ready GSTR-9 are going to be GSTR-1 and GSTR-3B returns. All data should be cross-checked with the books of accounts before declaring within the annual returns.
Broadly, the shape entails the declaration of annual sales, bifurcating it between the cases subject to tax and cases not subject to tax. On the acquisition facet, the annual price of inward provides and ITC availed on that, classified as inputs, input services and capital product and therefore the ITC to be reversed because of makings.
While at it, GSTR-9 is split into six components. Here could be a comprehensive list of what must be declared and from wherever one will fetch the data.
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