GSTR 9 and GSTR 9C

GSTR 9 and GSTR 9C - Overview

GSTR 9 is an annual return that regular taxpayers registered under the Goods and Services Tax (GST) in India are required to file. It provides a summary of the supplies made and received during the financial year, including details of input tax credit availed and tax paid.

GSTR 9C is a reconciliation statement that must be filed along with GSTR 9. It includes a summary of the taxpayer’s financial statements (like profit and loss statement and balance sheet) and must be certified by a Chartered Accountant (CA) or Cost Accountant. The purpose of GSTR 9C is to verify that the information in the GSTR 9 aligns with the taxpayer’s financial records.

Important: Filing both GSTR 9 and GSTR 9C is crucial for GST compliance in India. Failure to submit these returns on time can result in penalties and interest.

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Timeline for Filing GSTR 9 and GSTR 9C

The filing deadlines for GSTR 9 and GSTR 9C depend on the financial year being filed for and the type of taxpayer. For regular taxpayers, the due date for filing is generally December 31 of the year following the financial year.

For instance:

• For the financial year 2021-2022, the due date for filing GSTR 9 and GSTR 9C is December 31, 2022.

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Who is Exempt from Filing GSTR 9 and GSTR 9C?

Certain taxpayers are exempt from filing GSTR 9 and GSTR 9C. Here are the exemptions:

1. Composition Scheme Taxpayers:

   • Taxpayers who have opted for the composition scheme are not required to file these returns.
   • The composition scheme is a simplified tax system for small businesses with an annual turnover of up to Rs 1 crore.

2. Small Taxpayers with Turnover up to Rs 2 Crore:

   • Small taxpayers with an annual turnover of up to Rs 2 crore need to file only GSTR 9, but GSTR 9C is not required unless the turnover exceeds Rs 5 crore.

3. Voluntary Cancellation of GST Registration:

   • Taxpayers who have voluntarily canceled their GST registration are not required to file these returns after the date of cancellation.

4. Exempt from GST Registration:

   • Some taxpayers, such as agriculturalists and those engaged in exempt supply of goods or services, are not required to obtain GST registration and are thus exempt from filing GSTR 9 and GSTR 9C.

Note: Exemption rules may change, so it’s always advisable to check with GST authorities for the latest filing requirements.

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Deadline for GSTR 9 and GSTR 9C for FY 2021-2022

The last date to file GSTR 9 and GSTR 9C for the financial year 2021-2022 is December 31, 2022.

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Can Dhanaay Help with GSTR 9 and GSTR 9C Filing?

Yes, Dhanaay specializes in GST return filing, including GSTR 9 and GSTR 9C. All you need to do is sign up and contact us for assistance with your filings.