Attention, GST Taxpayers, whose Aggregate Annual Turnover for the F.Y. 2021-22 is more than ₹ 2 Crore!
Whose Aggregate Annual Turnover for the F.Y. 2021-22 is more than 2 Crore Please file your Annual Return in FORM GSTR-9 for F.Y. 2021-22
Before Due Date 31st December, 2022
Attention, GST Taxpayers whose Aggregate Annual Turnover for the F.Y. 2021-22 is more than ₹5 Crore
Whose Aggregate Annual Turnover for the F.Y. 2021-22 is more than 5 Crore
File your Annual Return in FORM GSTR-9 along with self-certified Reconciliation Statement in FORM GSTR-9C for F.Y. 2021-22
Before Due Date
31st December, 2022
Last date of filing Annual Return:
As per Rule 80 of the CGST Rules, 2017, every registered person liable to file Annual Return for every financial year is required to file the same on or before the 31st December of next financial year.
Accordingly, the last date of filing Annual Return for FY 2021-22 is 31st December, 2022. It may be noted that the last date of filing Annual Return for FY 2017-18 was extended upto 05th-07th February, 2020; for FY 2018-19 upto 31st December, 2020 and for FY 2019-20 upto 31st March, 2021 and for FY 2020-21 upto 28th February, 2022.
Levy of late fee:
As per Section 47(2) of CGST Act, 2017, any registered person who fails to furnish Annual Return by the due date shall be liable to pay a late fee of R 100/- per day subject to maximum of 0.25% of his turnover in the State or Union Territory. Similar provision exist in respective SGST
Acts, also. Therefore, effectively the late fee for delay in filing Annual Return by the due date is R 200/- per day subject to a maximum of an amount calculated at 0.50% of his turnover in the State or Union Territory.
Annual Returns made optional for small taxpayers:
(a) The filing of annual return in FORM GSTR-9 has been made optional for taxpayers having Aggregate Annual Turnover less than R 2 Cr for the financial years 2017-18, 2018-19, 2019- 20, 2020-21 and 2021-22;
(b) The filing of annual return in FORM GSTR-9A by composition dealers has been made optional for the financial years 2017-18, 2018-19, 2019-20, 2020-21 and 2021-22;
(c) The threshold of Aggregate Annual Turnover for filing of reconciliation statement in FORM GSTR-9C for the financial year has been increased form R 2 Cr to R 5 Cr.
Annual Return for the financial year 2021-22:
For the financial year 2021-22, the Annual return forms have been notified vide Notification No. 14/2022-central tax dated 05.07.2022.
FAQ on GST Annual Return
Q 1. What is Form GSTR-9?
Ans. Form GSTR-9 is a form for the annual return, which is required to be filed every fiscal year and is filed by taxpayers as regular taxpayers. This includes SEZ units and SEZ developers. The taxpayers are required to provide information regarding the sale, purchase credits for input tax or refunds requested, demand-based, etc.
Q 2. Who must submit an annual return on the GSTR-9 Form?
Ans. Form GSTR-9 must be filled out by anyone who is registered as a regular tax payer this includes SEZ units as well as SEZ developer and taxpayers who have switched their tax status by switching from the composition scheme regular taxpayer at any point during the fiscal year.
Note: Composition taxpayers can make an Annual Return using Form GSTR-9A. Annual Returns do not have to be filed to be completed by non-resident taxpayers, or individuals who are not regular taxpayers. Residents taxpayers ISDs.
Q 3. What is the difference between GSTR-9C and Form GSTR-9?
Ans. Form GSTR-9 has to be filed by all taxpayers who are classified as a regular taxpayer. Certain categories of taxpayers are exempt from filing the Form GSTR-9 by way of Notifications issued by the Government of India from time to time.
Form GSTR-9C must be completed by each taxpayer with a turnover that exceeds Rs.5 Crore during the financial year, as stated in notifications issued by the Government of India from time to time. The taxpayers are required to be able to have their accounts reviewed and self-certified along with reconciled statements by the owner of the company and must provide an audited account of their annual income and an reconciliation statement.
Q 4. Do you need to fill out the GSTR-9 Form?
Ans. It is mandatory to file Form GSTR-9 for regular taxpayers.
Q 5. I’m a normal or regular taxpayer, part-time or composition taxpayer for a portion during the year. Do I need to submit Form GSTR-9 as well as Form GSTR-9A?
Ans. It is required to fill out both Form GSTR-9 as well as Form GSTR-9A in the proper timeframes of those period you have been switched over
Q 6. I had my registration canceled in the financial year. What do I have to do in order to submit Form GSTR-9?
Ans. The tax return for the year is mandatory regardless of the fact that the taxpayer’s registration cancelled during the year in the year in question.
Q 7. I’ve decided to use this composition plan for my current fiscal year. Do I need to fill out a GSTR-9 form?
Ans. Taxpayers who opt for the composition plan must fill out Form GSTR-9 for the period you were as a regular taxpayers.
Q 8. I had composition plan for the previous financial year. Do I need to complete the GSTR-9 form?
Ans. Taxpayers who opted in the composition scheme during the year following the financial year are required to fill out Form GSTR-9 in which they have paid tax at the regular rate.