GSTR 9, 9A, 9B, or 9C – Which one should you file and by when?

GSTR - Which one to file and when

Annual return filing: GSTR 9, GSTR 9A, GSTR 9B, GSTR 9C

Section 44 of CGST Act, 2017 mandates all GST-registered taxpayers (except casual taxable persons, non-resident taxable persons, Input Service Distributors, and individuals paying taxes under Section 51 or Section 52) to furnish annual returns in the Form GSTR 9 (GSTR 9A, GSTR 9B, or GSTR 9C as per the types of taxpayers). GSTR 9 is a summary of all the monthly/quarterly returns filed during the last financial year, it should not be confused with reconciliation of accounts. The return is to be filed both by suppliers of goods and service providers including businesses/individuals that have registered under composition scheme of GST. All GSTR 9 returns need to be filed on or before 31st December of the subsequent Financial Year. Thus, Taxpayers need to file their returns before 31st December, 2018 for the FY 2017-2018 in order to avoid penalties.

Which return to file – GSTR 9, GSTR 9A, GSTR 9B, and GSTR 9C?

The type of return to be filed will vary depending upon the nature of the taxpayer. Here is who should file what:

Regular Taxpayers need to file GSTR 9

The GSTR 9 return needs to be filed by Regular Taxpayers filing GSTR 1, GSTR 2, and GSTR 3.  It needs to be filed electronically on the GST portal directly or through a facilitation centre.

GSTR 9A for Taxpayers under Composition Scheme

Companies/persons paying tax under Section 10 of CGST Act, the composition scheme, are required to submit their annual returns in Form GSTR 9A.

E-commerce operators should file GSTR 9B

GSTR 9B is to be filed by the e-commerce operators who have filed GSTR 8 during the financial year.

GSTR 9C for annual turnovers of INR 2 crores or more

Taxpayers whose annual turnover exceeds INR 2 crores in a Financial Year are required to get their accounts audited by a practicing Chartered Accountant or Cost Accountant before filing returns in Form GSTR 9C.

Failing to furnish the consolidated records of their filings in GSTR 9 by the due date will attract late fees of INR 100 per day under SGST (up to a maximum of an amount calculated at a quarter percent of the taxpayer’s turnover in the state or union territory) and the same for CGST. The filing process for GSTR 9, GSTR 9A, GSTR 9B, and GSTR 9C will be explained in detail in the next article on our blog; keep a watch on the space to stay updated.

In case you are wondering how to file GSTR 9 returns within the deadline without affecting your day to day business proceedings, here is how Vayana GSP can help you.

Update – The due date for filing FORM GSTR 9, GSTR 9A, and GSTR 9C has been extended to 31st March, 2019.