GST Annual Return Filing (GSTR-9) – Simplified Guide
GSTR-9 is a mandatory annual return that consolidates a registered taxpayer’s inward and outward supplies during a financial year under GST. It includes key details such as sales, purchases, input tax credits (ITC), and taxes paid under CGST, SGST, and IGST. Businesses must file GSTR-9 to stay compliant with GST regulations.
At Sadaweh Financial Solutions (OPC) Pvt. Ltd., we simplify the GSTR-9 filing process for you. Let us guide you to file your GST annual return accurately and on time!
Overview of GSTR-9
| Aspect | Details |
| What is GSTR-9? | Annual summary return consolidating all GST transactions during the financial year. |
| Who Should File? | All regular GST-registered taxpayers (businesses with a turnover exceeding ₹2 crores must file). |
| Who is Exempt? | Composition taxpayers, casual taxpayers, non-residents, ISD, and OIDAR providers. |
| Due Date | December 31st of the subsequent financial year (subject to extensions). |
| Late Filing Penalty | ₹200/day (₹100 CGST + ₹100 SGST), capped at 0.25% of annual turnover. |
Who Should File GSTR-9?
| Category | Details |
| Normal Taxpayers | Businesses registered as regular taxpayers under GST. |
| SEZ Units & Developers | Special Economic Zones must report annual GST details. |
| Transition Taxpayers | Those shifting from Composition Scheme to Regular Tax Scheme during the financial year. |
Who is Exempt from Filing GSTR-9?
| Category | Reason |
| Composition Taxpayers | Must file GSTR-9A, a return tailored to their scheme. |
| Casual Taxpayers | Operate occasionally and are not required to file annual returns. |
| Non-Resident Taxpayers | Engaged in taxable activities in India but exempt from filing GSTR-9. |
| Input Service Distributors | Provide input services across branches and are exempt. |
| OIDAR Providers | Operate in online database access and retrieval services, not covered under GSTR-9. |
Types of GST Annual Returns
| Return Type | Who Should File? |
| GSTR-9 | Regular taxpayers with turnover above ₹2 crores. |
| GSTR-9A | Taxpayers under Composition Scheme. |
| GSTR-9C | Entities with turnover over ₹5 crores (requires audit and reconciliation with accounts). |
GSTR-9 Format Breakdown
| Part | Details |
| Part 1: Basic Details | GSTIN, legal name, trade name, and fiscal year. |
| Part 2: Supplies Details | Information on taxable and non-taxable supplies, exports, SEZ supplies, and exempt goods. |
| Part 3: ITC Details | Availed, reversed, or ineligible ITC breakdown. |
| Part 4: Taxes Paid | Tax liability paid via ITC or cash. |
| Part 5: Previous Year’s Data | Adjustments made for prior year transactions declared later. |
| Part 6: Miscellaneous Details | Refunds, demands, HSN summary, and late fee details. |
Steps for Filing GSTR-9
| Step | Description |
| 1. Login | Access the GST portal using your credentials. |
| 2. Select GSTR-9 | Choose the relevant financial year. |
| 3. Pre-Fill Details | Verify auto-populated fields (GSTIN, turnover, etc.). |
| 4. Add Missing Data | Include details of supplies, ITC, and taxes paid if not pre-filled. |
| 5. Review & Submit | Cross-check for errors, submit the return, and e-verify. |
| 6. Download Acknowledgment | Save the acknowledgment receipt for future reference. |
Benefits of Timely Filing
| Benefit | Details |
| Avoid Penalties | Timely filing prevents late fees and interest charges. |
| Audit Preparedness | Ensures accurate records for audits and reconciliations. |
| Improved Compliance | Reflects transparency and boosts credibility with authorities. |
| Faster Refunds | Speeds up the GST refund process. |
Why Choose Sadaweh Financial Solutions (OPC) Pvt. Ltd. for GSTR-9 Filing?
| Feature | Benefit |
| Expert Guidance | Step-by-step assistance from GST specialists. |
| Error-Free Filing | Verification and review to prevent discrepancies. |
| Deadline Alerts | Timely reminders to ensure compliance. |
| Comprehensive Services | End-to-end support for GSTR-1 to GSTR-9 filings. |
| Post-Filing Support | Assistance in resolving queries even after filing. |
Ready to simplify your GSTR-9 filing? Contact Sadaweh Financial Solutions (OPC) Pvt. Ltd. today for seamless assistance and ensure accurate compliance with GST regulations.