Form GSTR-9 is an annual return form that needs to be filed by all registered taxpayers under Goods and Services Tax (GST) for each financial year. It contains a summary of all the transactions undertaken during the financial year and serves as a consolidation of all the monthly/quarterly returns filed under GST.
The due date for filing the GSTR-9 form for the financial year 2021-22 is 31st December 2023.
Here's an explanation of the different sections of the GSTR-9 form for the financial year 2021-22:
1. Basic details: This section contains the basic details of the registered taxpayer, such as the legal name, trade name, GSTIN, and financial year for which the return is being filed.
2. Financial year summary: This section contains a summary of the total outward and inward supplies, along with the tax liability and the amount of tax paid during the financial year.
3. Details of outward supplies: This section contains the details of all outward supplies made during the financial year, including the details of supplies made to unregistered persons.
4. Details of inward supplies: This section contains the details of all inward supplies received during the financial year, including the details of supplies received from unregistered persons.
5. Input tax credit (ITC): This section contains the details of all ITC availed and reversed during the financial year. It also includes details of ITC relating to the previous financial year that was availed during the current financial year.
6. Additional liability: This section contains the details of any additional tax liability arising due to non-reconciliation of supplies or any other reason.
7. Payment of tax: This section contains the details of tax paid during the financial year, including the tax paid through cash, ITC, and TDS.
8. TDS and TCS credit received: This section contains the details of TDS and TCS credit received during the financial year.
9. Demands and refunds: This section contains the details of any demands raised or refunds claimed during the financial year.
10. HSN summary: This section contains the summary of all supplies made and received during the financial year, categorized according to the Harmonized System of Nomenclature (HSN) code.
11. Late fees payable and paid: This section contains the details of any late fees payable or paid during the financial year.
It is important to note that the GSTR-9 form is an annual return, and it should be filed even if there were no transactions during the financial year. Any discrepancies between the GSTR-9 form and the previous monthly/quarterly returns filed under GST should be rectified and reconciled before filing the GSTR-9 form.
Q: Who is required to file GSTR-9 for the financial year 2021-22?
A: All registered taxpayers under GST, except taxpayers who are eligible to file the GSTR-9C form, are required to file GSTR-9 for the financial year 2021-22.
Q: Is there any penalty for not filing GSTR-9 within the due date?
A: Yes, if GSTR-9 is not filed within the due date, a late fee of Rs. 100 per day (Rs. 50 for CGST and Rs. 50 for SGST/UTGST) will be charged, subject to a maximum of 0.25% of the taxpayer's turnover in the respective state/UT.
Q: Can I revise my GSTR-9 after filing it?
A: No, GSTR-9 once filed cannot be revised. Therefore, it is important to ensure the accuracy of the information furnished in GSTR-9 before filing it.
Q: Do I need to file GSTR-9 if I have not made any transactions during the financial year?
A: Yes, even if there are no transactions during the financial year, GSTR-9 must be filed.
Q: Can I claim any ITC in GSTR-9?
A: No, GSTR-9 is a return for furnishing the details of the outward and inward supplies made and received during the financial year. You cannot claim any ITC in GSTR-9.
Q: Do I need to file GSTR-9 if I have already filed GSTR-9C?
A: Yes, if you are eligible to file GSTR-9, you must file it even if you have filed GSTR-9C. GSTR-9C is a reconciliation statement, whereas GSTR-9 is an annual return, and both have different objectives.
Q: Can I file GSTR-9 for multiple GSTINs in one form?
A: No, GSTR-9 should be filed separately for each GSTIN registered under the same PAN.
Q: What is the due date for filing GSTR-9 for the financial year 2021-22?
A: The due date for filing GSTR-9 for the financial year 2021-22 is 31st December 2023.
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