GSTR-9 Annual Return Filing
GSTR-9 & GSTR-9C: Filing Annual Returns
GSTR-9 is an annual GST return filed by regular taxpayers that provides a consolidated summary of sales, purchases, input tax credit (ITC), and GST paid during a financial year.
GSTR-9C is a certification and reconciliation statement that compares audited financial statements with GST returns to ensure accuracy and compliance.
Turnover Limits and Applicability of GSTR-9
GSTR-9 is applicable to regular GST-registered taxpayers.
- Optional for taxpayers with annual turnover up to ₹2 crore (as notified by the government).
- Mandatory if annual turnover exceeds ₹2 crore.
- Not applicable to ISD, TDS/TCS deductors, casual taxable persons, and non-resident taxable persons.
Applicability of GSTR-9C
GSTR-9C is applicable to taxpayers whose total annual turnover exceeds ₹5 crore in a financial year.
It requires certification by a Chartered Accountant or Cost Accountant.
Due Date for Filing
The due date for filing GSTR-9 and GSTR-9C is December 31st of the subsequent financial year, subject to government notifications or extensions.
Information Covered in GSTR-9
- Details of outward and inward supplies
- Input Tax Credit (ITC) availed and reversed
- GST paid including CGST, SGST, and IGST
- Details of demands, refunds, and late fees
- HSN-wise summary of goods and services
Details Covered in GSTR-9C
- Reconciliation of turnover between GST returns and audited financial statements
- Reconciliation of tax liability
- Reconciliation of Input Tax Credit (ITC)
- Certification by an auditor
Late Fees and Penalties
The late fee for GSTR-9 is ₹200 per day (₹100 CGST + ₹100 SGST), subject to a maximum of 0.5% of the turnover in the respective State or Union Territory.
There is no separate late fee for GSTR-9C; however, failure to file may result in penalties and increased scrutiny.
Importance of Filing Annual GST Returns
Filing annual GST returns ensures compliance with GST laws and accurate reconciliation of books with GST filings.
It helps avoid penalties, notices, and departmental scrutiny, while improving audit readiness and overall compliance.