GST Annual Return

GSTR 9

GST Annual Return Filing

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GST Annual Return is prescribed under Form 9 to be filed annually by every registered dealer under GST including those under Composition.

Due Date

GSTR 9 Annual Return to be filed for F.Y. 2017-2018 on or before 31st December, 2018

Reporting Requirement

It is an Annual Return Consolidates the particulars of Outward Supply, Inward Supply, Input Credits and finalises the Liability to be paid by the Dealer. The Dealer is also required to provide breakup of Taxes under respective heads of CGST, SGST, IGST and should agree as Consolidated Annual Position derived from periodic monthly/quarterly returns.

Type of Forms to be filed under Annual Return

The GST Council has prescribed various type of Forms to be used depend upon the nature of returns adopted by the dealer.

Typically, 4 types of Annual return under GSTR 9 is prescribed:

    1. GSTR 9  : GSTR 9 should be filed by the regular taxpayers filing GSTR 1, GSTR 2, GSTR 3.
    2. GSTR 9A – GSTR 9A should be filed by the persons registered under composition scheme under GST.
    3. GSTR 9B – GSTR 9B should be filed by the e-commerce operators who have filed GSTR 8 during the financial year.
    4. GSTR 9C – GSTR 9C should be filed by the taxpayers whose annual turnover exceeds Rs  2 crores during the financial year. All such taxpayers are also required to get their accounts audited and file a copy of audited annual accounts and reconciliation statement of tax already paid and tax payable as per audited accounts along with GSTR 9C.

Important Contents of GSTR 9 Annual Return to be reported

Sl no Parts of the GSTR-9 Information required
1 Part-I Basic details of the taxpayer. This detail will be auto-populated.
2 Part-II Details of Outward and Inward supplies declared during the financial year(FY). This detail must be picked up by consolidating summary from all GST returns filed in previous FY.
3 Part-III Details of ITC declared in returns filed during the FY. This will be summarised values picked up from all the GST returns filed in previous FY.
4 Part-IV Details of tax paid as declared in returns filed during the FY.
5 Part-V Particulars of the transactions for the previous FY declared in returns of April to September of current FY or up to the date of filing of annual returns of previous FY whichever is earlier. Usually, the summary of amendment or omission entries belonging to previous FY but reported in Current FY would be segregated and declared here.
6 Part-VI Other Information comprising details of:
-GST Demands and refunds,
-HSN wise summary information of the quantity of goods supplied and received with its corresponding Tax details against each HSN code,
-Late fees payable and paid details and
-Segregation of inward supplies received from different categories of taxpayers like Composition dealers, deemed supply and goods supplied on approval basis.

Hence, its is advisable for the Dealer to prepare Detailed Reconciliation Statement well in advance for matching the amount of supply, corrections, rectifications done through 3B, GSTR1 during current year etc.to have seamless and accurate GST liability via Annual Return filings.

For any assistance on filing GSTR 9 or Reconciliation statement, feel free to reach us at info@indiakickstart.com / Whatsapp 9324242233

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