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GST Composition Scheme

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GSTR 9: Annual GST Filing

GSTR9 is a GST annual return form that every registered taxpayer must file across every fiscal year following implementing the GST regime. GSTR 9 forms cover all merged summaries completed by any taxpayer on a monthly or quarterly basis. The summary contains almost all the ITC-stated information, specifically outbound and inbound supply. However, there are several exceptions to the requirement to submit GSTR 9. The list includes: 

  • A casual taxpayer fits within the category of “Casual Taxable Person.”
  • A person who is not a resident of India, often known as a “Non-Resident Taxable Person.”
  • The person in charge of tax deduction at the source.
  • Anyone who provides an input tax credit.
  • Websites or portals that collect TCS.

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Documents Required for GST Annual Return Filing (GSTR-9)

1.  GST Purchase

  • Purchase Invoices
  • Invoice contains GST Number
  • Contains Invoice number & date
  • Descriptions of goods services
  • Place of supply


2. GST Sales

  • Sales Invoice Copy
  • Invoice contains GST Number
  • Contains Invoice number & date
  • Descriptions of goods services


3. GST Inputs Tax Credit(ITC)

  • Input Bills Copy
  • Invoice contains GST Number

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Frequently Asked Questions (FAQ)

Aside from GSTR 9 forms, various forms with varying qualifying conditions are available. Let us shed some light on the following GST Return forms:

 

  • GSTR 9A – This form must be completed by taxpayers who are part of the composition programme.

 

  • GSTR 9B – Any e-commerce business that filed GSTR 8 during the fiscal year must file GSTR 9B as their GSTR9 yearly return.

 

  • GSTR 9C – Any taxpayer whose annual turnover exceeds 2 crore INR is required to file GSTR 9C along with their annual filings.

 

These firm accounts must also be audited by authorised persons, and copies of the audited accounts must be submitted along with the GSTR 9C form.

The final date for filing the GSTR 9 form is 31st December of the following financial year.

Each taxpayer must submit Form GSTR 9 by the required deadline. Failure to do so will subject him to a substantial fine of INR 200 per day. This late fee includes CGST 100 INR per day and SGST 100 INR per day. IGST has no late fees. However, the amount of the fine will not exceed the taxpayer’s quarterly turnover.

Every taxpayer who chose not to register in the composition scheme throughout the fiscal year must file GSTR 9 for the time in which he was a normal taxpayer.

No, the taxpayer cannot make changes to the returns field in GSTR-9 after they have been filed.