Rajat Negi

GSTR-9 for the business operating fine

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GSTR-9 is all about annual returns filled by the registered taxpayer.

Well, the growth of the business is measured with help of annual performance, Therefore All the registered taxpayers under the GST regime are required to file annual returns.

GSTR-9 due date

GSTR-9 returns must be filed by the 31st of December of the next fiscal year. The government may, however, extend this deadline if it deems it necessary. The deadline for FY2019-20 has been extended till March 31, 2021.


GSTR-9 is the yearly return that all normal taxpayers who submit GSTR-1, GSTR-2, and GSTR-3B under the GST system must file.

Ingredients of GSTR-9

  • All supplies, both inward and outward.
  • Basic information on the taxpayer, such as his or her trade name, legal name, and GSTIN.
  • In the current financial year, ITC availed.
  • Taxes paid in the current financial year.
  • Transaction information from the preceding fiscal year.
  • Refunds and Demands Late costs are charged on a per-HSN basis. Inward supplies have been received.


GSTR-9A is the yearly return that must be filed by all ordinary taxpayers who have chosen the GST composite scheme for the current fiscal year.

Ingredients of GSTR-9A

It contains components that are comparable to those found in GSTR-9. Because the composite scheme does not enable ITC claims on inputs, it does not require ITC claimed information.


Every year, each registered GST taxpayer with aggregate revenue of more than Rs.2 crores must have his or her accounts audited by a Chartered Accountant or a Cost Accountant. The audit guarantees that a taxpayer’s self-assessment of taxes is proper. The taxpayer must file a certificate GSTR-9C with the audited accounts, as well as an annual return in form GSTR-9 and a reconciliation statement between the audited accounts and the annual return filed.

Ingredients of GSTR-9C

  • Reconciliation of financial statements by legal name, financial year, and trade name, as well as reconciliation of turnover stated in audited financial statements. Tax obligation reconciliation is a term that refers to the process of determining the amount of ITC claimed in GSTR-9 is reconciled. An auditor’s report is required.
  • A credential certificate from a Certified Chartered Accountant or a Cost Accountant

Some of the challenges that a taxpayer may encounter when filling out GSTR-9 and GSTR-9C

  • Inward supplies must be reported HSN-wise since it is not necessary for monthly or quarterly returns except for a select group of taxpayers, but it is required in the yearly return.
  • There is no room to amend errors in monthly/quarterly results. GSTR-9 does not feature a table where the taxpayer may correct errors, although GSTR-1 and GSTR-3B have.
  • ITC division, inputs, input services, and capital goods It is not necessary for the GSTR-3B monthly report, but it is required in the GSTR-9 filing.
  • Calculations of GSTR-9C turnover per state. GST-9C necessitates several reconciliations, which must be provided. State-by-state GSTIN bifurcation is required.
  • An auditor’s additional liability must be paid entirely in cash.

Final Words

I hope, I gave you some insights about GSTR-9 and delivered it in the best possible way. 

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To your Success

-Rajat Negi, Logging Out 🤗

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Rajat Negi

Compound Investor (Who loves to talk to stock)
Digital Marketer (Who loves to make brands)

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