Liability for filing GST Annual Return - Tax Rupees
Under section 44 of the central Goods and Service Tax act 2017, every registered person is required to furnish annual return for each financial year. The annual return form GSTR 9 should be filed at the GSTIN level (for every registration made under GST). Certain taxpayers may have more than one GSTIN under the same PAN, in one or more states. such taxpayers are required to furnish annual return GSTR9 separately for each GSTIN registered under the normal taxpayer during the financial year. The GSTR 9 is a GST annual return form to be filed annually by the regular taxpayer with all the consolidated details of state goods and service tax(SGST), Central goods and service tax (CGST) and integrated goods and service tax (IGST) paid during the financial year. under these heads taxpayers is required to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc. It is a consolidated form that comprises the details mentioned in monthly/quarterly return (g=GSTR 1, GSTR 3B) filed in the relevant financial year.
A person registered under GST act but having no transactions during the year is still required to fil a nil annual return within the due date. The annual return need to be filed even if taxpayers has got his registration canceled during the financial year. The filing of annual return form GSTR9/9A is optional for taxpayers having having aggregate annual turnover upto 2 crore. Non resident taxpayers, cascual taxpayers, input serviced distributors (ISD) and registered persons deducting tax at source (TDS) as per section 51 of CGST act are exempted from filing annual return GSTR 9 . The GST annual return filing is mandatory for registered normal taxpayers with a turnover of more than two crores and taxpayers who have withdraw from composition scheme to normal taxpayers any time during the financial year.
Types of the Annual Return under GST
GSTR 9: The normal/regular taxpayer who files GSTR 1 AND GSTR 3B forms are required to file their annual return in form GSTR 9 from GSTR 9 cannot be filed without filing the applicable returns in the forms GSTR 1 and GSTR 3B for the respective financial year.
GSTR 9A : The composition scheme holder/small taxpayer who paystar at a fixed rate under required to furnish his/her annual return in form GSTR 9A.
GSTR 9B : All electronic commerce operates who are Liable to collect tax at source (TCS) under section 52 are required to file an annual sell return in form GSTR 9B.
GSTR 9C : The taxpayers whose annual turnover crosses Rs 5 crores are required to file their annual return in form GSTR 9C. All those taxpayers are required to furnish a copy of self certified reconciliation statement of the tax already paid and tax payable according to audited account with the form GSTR 9C.
Pre - Conditions for filing GSTR9:
- Taxpayers must have active GSTIN(Goods and service Tax identification number) during the relevant financial year as a normal/regular tax payer.
- Tax payer has filed all applicable returns i.e form GSTR 1 AND form GSTR 3B Of the relevant financial year before filing the annual return.
The due date for filing annual return form GSTR9 for a particular financial year is 31st December of subsequent financial year or as extended by government through notifications from time to time.