What is GSTR 9: A Complete Guide on Due Date, Eligibility & Late Fee
GSTR 9 is a consolidation of all the monthly and quarterly returns filed in a particular financial year. It consolidates GSTR 1, GSTR 2A, GSTR 2B, and GSTR 3B, and taxpayers registered under the GST have to file GSTR 9 once in a financial year. GSTR 9 is used to report the details on outward and inward supplies made/received in a particular financial year under CGST, SGST, and IGST heads.
Filing this return is a legal compliance of all the registered taxpayers under the GST. Continue through the page to learn about the applicability, due date, and late fee payable for the GSTR 9.
GSTR 9 Eligibility: Who Needs to File It?
All GST registered taxpayers are obliged to file the GSTR 9 annually but the following are exempted from filing. These are
- Casual Taxable Person
A Casual Taxable Person under the GST framework in India is someone who occasionally is involved in the supply of goods or services or both in a state or union territory where it has no principal place of business.
- Input Service Distributor
Input Service Distributor is a type of taxpayer who receives invoices for services used by their business’s branches.
- TCS Collectors
The TCS collectors collect the payment from the sellers and pay it to the government.
- TDS Deductors
Such taxpayers who deduct TDS Therefore making a payment to the customer is a TDS Taxpayer
- Non-Resident Taxable Persons
A supplier of goods and services to India having a principal place of business outside the country is a non-resident taxable person.
- Composition Scheme Taxpayers
Businesses having annual turnover of less than Rs 1.5 Cr in normal states while Rs 75 lakh in special category states can register under the composition scheme to pay tax at a fixed percent under the GST. A Composition Taxable Person is a taxpayer who cannot collect nor is entitled to any credit of input tax.
Each year the finance ministry of India notifies about the annual turnover limits for the GSTR 9. For the financial year 2024-25, the businesses having aggregate turnover of up to Rs 2 Cr, filing this return is optional. There are different divisions under which GSTR 9 can filed based on the annual turnover limits and taxpayer types. Such as GSTR 9A, GSTR 9B, and GSTR 9C have different applicability and limits under the GST.
Due Date for GSTR 9
The consolidated return under the GST can be filed on or before the 31st of December in any financial year. For example, taxpayers can file it on or before the 31st of December 2025 for the financial year 2024-25.
If you have missed the due date, there is a late fee applicable therefore make sure that you have filed the return before the due date to avoid the hefty amount of late fees.
Late Fee for GSTR 9
- Businesses having turnover up to Rs 5 Cr have to pay Rs 25 each under CGST and SGST (maximum .04% of turnover)
- If annual turnover is between Rs 5 Cr and Rs 20 Cr, the late fees for each day is Rs 50 each under CGST and SGST (maximum .04% of turnover)
- And if the turnover is more than Rs 20 Cr, the late fee for each delayed day is Rs 100 each under CGST and SGST (maximum could be .50% of turnover)
What Details GSTR 9 Contains?
It contains basic information about the taxpayer along with details of outward supplies and input tax credits. Information about tax paid and previous year transactions declared in the current year besides other information is attached to the GSTR 9.
- Annual sales subject to tax and no tax
- Annual sale of inward supplies and ITC availed
- ITC details that have to be reversed due to non-eligibility
To avoid paying penalties and meet legal compliance, file the GST returns before the due date. Reach out to TaxDunia if you seek professional advice. We offer customized taxation solutions so that you can focus on your business.
