Filing GSTR-9

Welcome to Legal AT, your reliable partner for comprehensive legal solutions in India. In this digital age, navigating through legal procedures can be daunting, especially when it comes to GST compliance. Understanding the intricacies of GSTR-9 can be challenging, but with Legal AT by your side, you can simplify the process and ensure compliance effortlessly.

Name(Required)

Understanding GSTR-9

GSTR-9 is an annual return that needs to be filed by every registered taxpayer under the Goods and Services Tax (GST) regime. 

It consolidates the details of outward and inward supplies made/received during the entire financial year. 

Essentially, it is a summary of all the monthly/quarterly GST returns filed during the year.

Contact us for GSTR-9

Key Components of GSTR-9

Part I: Basic Details

  • Financial Year: Specify the financial year for which the return is being filed.
  • GSTIN: The Goods and Services Tax Identification Number of the taxpayer.
  • Legal Name: The registered name of the business.
  • Trade Name: The trade name, if any.

Part II: Details of Outward and Inward Supplies

  • Details of Advances, Inward and Outward Supplies: This includes details of advances received, inward supplies on which tax is payable on reverse charge basis, and outward supplies declared in the returns filed during the financial year.

Part III: Details of ITC as Declared in Returns Filed During the Financial Year

  • ITC Availed: Details of input tax credit (ITC) availed through GSTR-3B filed during the financial year.
  • ITC Reversed and Ineligible ITC: Details of ITC reversed due to ineligibility and other reasons.

Part IV: Details of Tax Paid as Declared in Returns Filed During the Financial Year

  • Tax Paid: Details of tax paid under various heads (IGST, CGST, SGST/UTGST, and Cess) as declared in returns filed during the financial year; Integrated Tax (IGST), Central Tax (CGST), State/UT Tax (SGST/UTGST) and Cess

Details of Previous Year’s Transactions

  • Amendments: Amendments made to details of supplies, ITC, and tax liability for the previous financial year.
  • ITC Availed/Reversed: ITC availed or reversed for the previous financial year.

Other Information

  • Details of Demands and Refunds: Information regarding demands and refunds during the financial year.
  • HSN-wise Summary of Outward Supplies: Harmonized System of Nomenclature (HSN) codes of goods supplied, along with quantity, taxable value, and tax details.
  • HSN-wise Summary of Inward Supplies: HSN codes of goods received, along with quantity, taxable value, and tax details.
  • Late Fees: Details of any late fees payable and paid for late filing of returns.

Verification

  • The taxpayer must sign and verify the correctness of the information provided in the GSTR-9 form.

GSTR-9 Process

  • Data Compilation: Gather all relevant data including sales, purchases, input tax credit, etc., for the entire financial year.
  • Reconciliation: Verify the data with the records maintained and ensure accuracy
  • Preparation: Use the consolidated data to fill in the GSTR-9 form accurately.
  • Review: Double-check all entries to avoid any errors or discrepancies.
  • Filing: Submit the GSTR-9 form online through the GST portal within the specified deadline.

Documents Required for GSTR-9

  • Sales and Purchase Invoices: Invoices for all outward and inward supplies made/received during the financial year.
  • GST Returns: Copies of all monthly/quarterly GST returns filed during the year (GSTR-1, GSTR-3B, etc.)
  • Input Tax Credit Details: Documentation supporting the availed and utilized input tax credit.
  • Review: Double-check all entries to avoid any errors or discrepancies.
  • Filing: Submit the GSTR-9 form online through the GST portal within the specified deadline.

Eligibility Criteria for Filing GSTR-9

Every registered taxpayer under the GST regime, including regular taxpayers, composition dealers, and Input Service Distributors (ISDs), is required to file GSTR-9 annually. However, certain taxpayers such as non-resident taxable persons, casual taxable persons, and taxpayers opting for the composition scheme under GST are exempt from filing GSTR-9.

FAQ

A1. The due date for filing GSTR-9 is typically December 31st of the subsequent financial year.

A2. No, once GSTR-9 is filed, amendments cannot be made. However, any discrepancies or errors can be rectified in the subsequent financial year’s returns.

A3. Yes, GSTR-9 must be filed even if there are no transactions during the financial year. It serves as a declaration of compliance.

Get Started with Legal AT

At Legal AT, we endeavor to simplify the complexities of legal procedures, enabling you to focus on nurturing your business vision.

At Legal AT, we understand the importance of compliance and strive to simplify the complexities of legal procedures such as filing GSTR-9. With our expertise and dedication, we ensure that your GST compliance is seamless and hassle-free. Trust Legal AT as your partner for all your online and offline legal service needs in India. Contact us today to experience the ease of legal solutions tailored to your requirements.

Ready to secure your business partnership with a comprehensive GSTR-9?

Name(Required)