GSTR 9 and GSTR 9C

GSTR 9 and GSTR 9 C are important annual filings.

Created on - December 16, 2022

Introduction

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

GSTR 9C is a reconciliation statement that must be filed along with the GSTR 9 annual return. It is a summary of the annual financial statements of the taxpayer, including the profit and loss statement and the balance sheet, and must be certified by a chartered accountant or a cost accountant. The purpose of GSTR 9C is to ensure that the information provided in the annual return matches the financial statements of the taxpayer.

Both GSTR 9 and GSTR 9C are important compliance requirements for GST taxpayers in India and must be filed annually. Failure to file these returns on time can result in penalties and interest.

What are the timelines for filing GSTR 9 and GSTR 9C?

The timeline for filing GSTR 9 and GSTR 9C depends on the type of taxpayer you are and the financial year for which the return is being filed.

For regular taxpayers, the due date for filing GSTR 9 and GSTR 9C is generally December 31 of the year following the financial year for which the return is being filed. For example, for the financial year 2021-2022, the due date for filing GSTR 9 and GSTR 9C is December 31, 2022.

Who are exempt from filing GSTR 9 and GSTR 9C?

There are certain taxpayers who are exempt from the requirement to file GSTR 9 and GSTR 9C, as follows:

Taxpayers who have opted for the composition scheme: Under the GST law in India, taxpayers who have opted for the composition scheme are not required to file GSTR 9 and GSTR 9C. The composition scheme is a simplified tax compliance scheme available to small taxpayers with an annual turnover of up to Rs 1 crore, under which they are required to pay a fixed percentage of their turnover as GST.
Small taxpayers with an annual turnover of up to Rs 2 crore: Small taxpayers with an annual turnover of up to Rs 2 crore are not required to file GSTR 9C, although they are still required to file GSTR 9. For GSTR 9C, the annual turnover limit is Rs 5 crore.
Taxpayers who have applied for voluntary cancellation of their GST registration: Taxpayers who have applied for voluntary cancellation of their GST registration are not required to file GSTR 9 and GSTR 9C for the period after the date of cancellation of their registration.
Taxpayers who are not required to obtain GST registration: Certain taxpayers, such as agriculturalists and entities engaged in the supply of goods or services that are exempt from GST, are not required to obtain GST registration and are therefore not required to file GSTR 9 and GSTR 9C.

It is important to note that these exemptions are subject to change and taxpayers should check with the GST authorities for the latest information on filing requirements.