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GST Annual Return Filing – GSTR‑9 with N D Savla & Associates
Understanding GSTR‑9: The Annual Return
GSTR‑9 is a crucial annual GST return that regular taxpayers must file. It consolidates all inward and outward transactions—including CGST, SGST, and IGST—recorded throughout the financial year. Essentially, it’s a comprehensive summary of monthly or quarterly returns like GSTR‑1 and GSTR‑3B
Who Should File GSTR‑9?
Mandatory filers include:
Regular (non-composition) taxpayers with turnover above ₹2 crore (optional for turnover up to ₹2 crore)
SEZ units/developers and those transitioning from composition to regular taxpayer status
Not required to file GSTR‑9:
Composition taxpayers (file GSTR‑9A instead)
Casual taxable persons
Input Service Distributors (ISD)
Non-resident taxable persons
Those paying TDS or collecting TCS under GST
Other Return Types: GSTR‑9A and GSTR‑9C
GSTR‑9A: Annual return for composition scheme taxpayers, replacing the old quarterly GSTR‑4.
GSTR‑9C: A reconciliation statement required for taxpayers with turnover over ₹5 crore, certifying alignment between GSTR‑9 and audited financials. Must be prepared by a Chartered Accountant or Cost Accountant .
Due Date & Structure of GSTR‑9
Due Date: December 31 of the year following the relevant financial year—for instance, FY 2023‑24 filings are due by December 31, 2024 .
Form Structure: GSTR‑9 includes six parts (19 sections), covering registration details, supplies, ITC, tax paid, prior-year adjustments, and miscellaneous disclosures like HSN-wise summary and demands/refunds.
Penalties for Late Filing of GSTR‑9
Turnover Range | Late Fee per Day | Cap on Late Fee | |
|---|---|---|---|
≤ ₹5 crore | ₹50/day (₹25 each CGST & SGST) | 0.04% of turnover per State/UT | |
₹5 – ₹20 crore | ₹100/day (₹50 each) | 0.04% of turnover per State/UT | |
> ₹20 crore | ₹200/day (₹100 each) | 0.25% of turnover per State/UT
|
Why Choose N D Savla & Associates for GSTR‑9 Filing?
Expert Navigation Through GSTR‑9 Parts: Assistance with filling all six parts accurately.
Eligibility Guidance: Determine whether GSTR‑9, GSTR‑9A, or GSTR‑9C applies.
Avoid Penalties: Timely filing and handling of liabilities to prevent late fees.
Audit Reconciliation: Professional support in preparing GSTR‑9C, if required.
Simplified Process with N D Savla & Associates
Consultation & Eligibility Check: Understand your category and returns needed.
Document & Data Collection: Gather monthly/quarterly filings and financials.
Reconciliation: Validate outward/inward supply values, ITC, and payments.
Form Preparation: Populate GSTR‑9, and if applicable, GSTR‑9C.
Review & Filing: Final review by our experts; file before December 31 deadline.
Penalty Monitoring: Receive alerts and support for late scenarios.
