Annual GSTR-9 Filing: Who must File, Format, Turnover Limit and Key deadlines

Dev has a small clothing store. He must file GSTR-9 each year if his total sales exceed ₹2 crores. This monthly or quarterly return compiles his GST filings for the entire year.

Key Details:
 

Example: Dev’s turnover for 2023-24 was ₹2.5 crores. He must file GSTR-9 by 31st December 2024, reporting his yearly GST details. If he misses the deadline, he may face penalties.

Who Must File GSTR-9?

Dev is not sure of his GST liabilities, he wonders whether he must submit GSTR-9. Let’s start with a simple explanation:

Who Must File?
 

• Regular businesses with yearly sales of ₹2 crores or more must file GSTR-9.
   
• Composition Scheme dealers (who file GSTR-4) must file GSTR-9A instead.
   
• E-commerce sellers (who file GSTR-8) must file GSTR-9 B.

Who Can Skip?
 

• Small businesses with sales below ₹2 crores (filing is optional).
   
• Casual sellers, ISD, and foreign businesses (no need to file).
   

Example: Dev’s Situation
 

Key Points:
 

• If Dev’s sales cross ₹2 crores, he must file GSTR-9.
   
• If he’s in the Composition Scheme, he files GSTR-9A instead.
   
• Missing the deadline (31st December) leads to late fees.

Dev checks how much he’s earned and discovers it’s over ₹2 crores, so he files his GSTR-9 to ensure he doesn’t pay fines.

Format of GSTR-9 Explained Simply

Filing his annual GST return (GSTR-9) has become complicated for Dev. Here’s how everything is broken down in simple words:
 

The form mostly auto-fills from Dev's monthly returns. He just needs to verify the numbers and submit them before December 31st.

Turnover Limit for GSTR-9

Dev owns a small grocery store and wonders if he must file GSTR-9. Here's how it works:

• ₹2 crore rule: Businesses with yearly sales above ₹2 crores must file GSTR-9.
   
• Below ₹2 crore: Filing is optional (can skip if not needed).
   
• Composition scheme: Different rule - must file GSTR-9A regardless of turnover.

Example:
 

• Dev's sales this year: ₹2.5 crores to Must file GSTR-9.
   
• If sales were ₹1.8 crores, to can choose to skip.
   
• If under the composition scheme, with ₹50,00,000, must file GSTR-9A.

Dev checks his annual sales to know if filing is required.

Key Deadlines for GSTR-9 Filing

Dev must remember:

• Annual deadline: December 31 of next year
   
• For FY 2023-24: Due by December 31, 2024
   
• Late filing penalty: ₹200 per day (max ₹10,000)

Example:

Dev's FY 2023-24 return must be filed by December 31, 2024. If late, he pays ₹200 daily until filed.

Step-by-Step GSTR-9 Filing Process

Dev needs to file his annual GST return. Here's how he does it simply:
 

Common Mistakes to Avoid in GSTR-9 Filing

Dev wants to file his GSTR-9 correctly. Here are the mistakes he should avoid:
 

Example:

Last year, Dev forgot to match his GSTR-1 sales with GSTR-9. He got a tax notice. This year, he double-checks everything.

Conclusion

Dev’s toy shop should file GSTR-9 if its annual sales exceed ₹2 crores. If Dev learns who needs to report, what format to use, how much to report and when to report, they can prevent expensive penalties. You just need to log in to the GST website, check the auto-filled information, enter the rest and submit by December 31st. 

If a person fails to match their sales, makes ITC claim errors or is late in filing, he or she may face notices and fines, so Dev verifies his figures. If his return is late, he owes ₹200 for every day it is late. Making errors in the report may mean he must pay extra taxes or penalties. 

He missed some areas last time and ended up having to spend more, so this year, he stays organised and files by the deadline. If Dev complies, his business runs without problems with the tax authorities. If he maintains accurate records and sticks to deadlines, his GST filings are never a problem.

FAQs

Who needs to file GSTR-9?

Any regular business with yearly sales over ₹2 crores must file. Small businesses below this limit can choose to file.

What if I'm in the composition scheme?

You don't file GSTR-9. Instead, you file GSTR-9A, even if your sales are small.

When is the last date to file?

Always December 31st of the next year. For 2023-24 sales, file by December 31, 2024.

Can I correct mistakes after filing?

No, GSTR-9 can't be revised. Fix errors in next year's return or file an amendment.

What happens if I file late?

You pay ₹200 per day as a late fee (₹100 CGST + ₹100 SGST), up to ₹10,000 maximum.

Is an accountant needed to file?

Not required. The GST portal auto-fills most data from your monthly returns - just verify it.

How do I check if my supplier filed their returns?

Check GSTR-2A on the GST portal - it shows all purchases where suppliers paid their GST.

What if I forgot some sales in the monthly returns?

Add them in the GSTR-9's additional details section and pay the due tax with interest.

Do I need HSN codes?

Only if your yearly sales are over ₹5 crores, small businesses skip this.

Where do I file GSTR-9?

On the GST portal (www.gst.gov.in) under 'Services' > 'Returns' > 'Annual Return'.

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