GSTR-9 GSTR-9C – All aspects, Mandatory Optional Tables for FY 2022-23

GSTR-9 and GSTR-9C are two important annual return forms that every registered taxpayer is required to file with the Goods and Services Tax (GST) department. In this article, we will discuss all the aspects of GSTR-9 and GSTR-9C, including the mandatory and optional tables that need to be filled out for the financial year 2022-23.

What is GSTR-9?

GSTR-9 is an annual return form that needs to be filed by every registered taxpayer who has been registered under the GST Act, except for the composition scheme taxpayers. It is a consolidated summary of all the monthly or quarterly returns filed during the financial year. GSTR-9 is required to be filed on or before the 31st of December of the following financial year.

What is GSTR-9C?

GSTR-9C is a reconciliation statement that is required to be filed along with GSTR-9. It is a statement of reconciliation between the annual returns in GSTR-9 and the audited financial statements of the taxpayer for the financial year. GSTR-9C needs to be filed by every registered taxpayer whose annual turnover exceeds Rs. 2 crores during the financial year. The due date for filing GSTR-9C is the same as that for filing GSTR-9.

Mandatory Tables in GSTR-9

GSTR-9 has 6 mandatory tables that need to be filled out by the registered taxpayer. These tables are:

Table 1: Basic details of the taxpayer
Table 2: Details of Outward and Inward supplies declared during the financial year
Table 3: Details of Input Tax Credit (ITC) availed and reversed during the financial year
Table 4: Details of tax paid as declared in returns filed during the financial year
Table 5: Particulars of the transactions for the previous financial year declared in returns of April to September of current financial year or upto the date of filing of annual returns of previous financial year whichever is earlier
Table 6: Other Information such as demand and refund, HSN summary etc.

Optional Tables in GSTR-9

GSTR-9 also has 4 optional tables that the registered taxpayer may choose to fill out. These tables are:

Table 7: Details of the amendments made in the returns filed during the previous year
Table 8: Details of the supplies received from composition taxpayers, deemed supply under section 143 and goods sent on approval basis
Table 9: Details of the HSN-wise summary of outward supplies
Table 10: Details of the HSN-wise summary of inward supplies

Mandatory and Optional Tables in GSTR-9C

GSTR-9C has 2 mandatory tables that need to be filled out by the registered taxpayer. These tables are:

Table 1: Reconciliation Statement
Table 2: Certification

GSTR-9C also has 2 optional tables that the registered taxpayer may choose to fill out. These tables are:

Table 3: Additional information
Table 4: Auditor's recommendation on additional liability due to non-reconciliation

Penalties for Non-Compliance

Non-compliance with the filing of GSTR-9 and GSTR-9C can lead to heavy penalties and fines. The late fee for not filing GSTR-9 on or before the due date is Rs. 200 per day, subject to a maximum of 0.25% of the taxpayer's turnover for the financial year. The late fee for not filing GSTR-9C on or before the due date is Rs. 100 per day, subject to a maximum of 0.25% of the taxpayer's turnover for the financial year.

Conclusion

GSTR-9 and GSTR-9C are important annual return forms that every registered taxpayer needs to file with the GST department. It is important to understand the mandatory and optional tables in these forms and ensure timely and accurate filing to avoid any penalties or fines. We hope this article has provided a comprehensive understanding of GSTR-9 and GSTR-9C and will help you file your returns with ease.