GST Annual Return GSTR 9 and Steps for Return Filing

Every registered taxable person shall furnish an annual return under sub-section (1) of section 30 electronically in FORM GSTR-9 through the Common Portal either directly or from a Facilitation Centre, notified by the Board or Commissioner: Provided that a taxable person paying tax under section 8 shall furnish the annual return in FORM GSTR-9A. Every registered taxable person whose aggregate turnover during a financial year exceeds one crore rupees shall get his accounts audited under sub-section (4) of section 42 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9B, electronically through the Common Portal either directly or from a Facilitation Centre, notified by the Board or Commissioner Is an Annual Return and a Final Return one and the same? Ans. No. Annual Return has to be filed by every registered person paying tax as a normal taxpayer. Final Return has to be filed only by those registered persons who have applied for cancellation of registration. The Final return has to be filed within three months of the date of cancellation or the date of cancellation order.

Statutory Provision for GST Annual Return (GSTR-9)

As per provisions of Section 44 of the CGST Act 2017, all taxpayers registered under GST has to file Annual Return other than taxpayers paying tax under Section 51 (Tax Deduction at Source), Section 52 (Collection of Tax at Source), Casual Taxable Person, Input Service Distributor & Non-Resident Taxable Person by 31st December of the next financial year. The Annual Return to be filed in FORM GSTR – 9 and 9A has been notified wide Notification No 39 / 2019 (Central Tax) dated 4th September 2018. (1) Every registered taxable person, other than an input service distributor, a person paying tax under section 46 or under 56, a casual taxable person and a non-resident taxable person, shall furnish an annual return for every financial year electronically in such form and in such manner as may be prescribed on or before the thirty-first day of December following the end of such financial year. (2) Every registered taxable person who is required to get his accounts audited under subsection (4) of section 53 shall furnish, electronically, the annual return under subsection (1) along with the audited copy of the annual accounts and a reconciliation statement, reconciling the value of supplies declared in the return furnished for the year with the audited annual financial statement, and such other particulars as may be prescribed.

Analysis

Taxable persons who get their accounts audited under section 53(4) are required to electronically file annual return along with a copy of the audited accounts as well as a reconciliation statement, reconciling value of supplies declared in the return furnished for the year along with the audited annual financial statement and such other prescribed. Input Service distributor, a person paying tax under section 46 (TDS) or 56 (TCS), casual taxable person and Non-Resident taxable person are not required to furnish annual return.

All the normal taxpayers would be required to submit annual return. This is intended to provide 360 degree view about the activities of the taxpayer.It is a detailed return and captures details of all income and expenditure of the taxpayer and regroups them in accordance with the monthly returns.This return will provide the opportunity to make good for any short reporting of activities undertaken supply wise.It is to be submitted along with the audited copies of the Annual Accounts and should be filed by 31 December following the end of the financial year for which it is filed.A separate reconciliation statement, duly certified by a Chartered Accountant, will have to be filed by those taxpayers who are required to get their accounts audited under section 44AB of Income Tax Act 1961.Consolidated statement of purchases and supplies based on monthly returns filed by the taxpayer can be made available to taxpayers by GSTN common portal as a facilitation measure for enabling him to prepare annual return.

Steps for return filing

Upload final GSTR 1 return form either directly through data entry at the GST Common Portal or by uploading the return through Apps by 10th day of succeeding month. The increase / decrease (in supply invoices) would be allowed, only on the basis of the details uploaded by the counter-party purchaser in GSTR 2, up to 17th of the month.GST Common Portal Network (GSTN) will auto-draft the provisional GSTR-2 of taxpayer based on supply invoice details reported by the supplier on a near real-time basis.Purchasing taxpayer will accept / reject / modify such an auto- drafted provisional GSTR-2. Taxpayer will have the option to download his provisional purchase statement from the Portal or through Apps using Application Programming Interface (APIs) and update / modify it offline.Purchasing taxpayer can also add additional purchase invoice details in GSTR-2 which have not been uploaded by the supplier, provided he is in possession of valid invoice and has actually received such supplies.Taxpayer will have the option to reconcile inward supplies with their suppliers. All the invoices will be auto-populated in the ITC ledger of the taxpayer. The taxpayer is however, required to indicate the eligibility/partial eligibility of ITC.Taxpayer will finalize their GSTR- 1, GSTR 2 through online facility at Common Portal or GSTN compliant offline facility in their accounting applications.Taxpayer will then pay the amount as shown in the draft GSTR 3 return generated automatically at the portal.Taxpayer will debit the ITC ledger and cash ledger and mention the debit entry No. in the GSTR-3 return and would submit the same.Final acknowledgement of receipt of return will be generated after submission and validation of data is completed.

The invoice level information which will be captured in the returns has been given for invoices pertaining to the following:B2B transactions (Intra-State, Inter-State and supplies to UN organizations / embassies) (both for supply and purchase transactions)B2C transactions (Inter-State B2C supplies for consumer on record (GST Law may provide for mandatory mention of address of the buyer in every invoice whose taxable value is more than INR 50,000. ) (only supply transactions)B2C transactions (Intra-State B2C supplies) (only supply transactions)Export and deemed export supply (only supply transactions)Exempted including Nil rated supply (both for supply and purchase transactions)Bills of Entry relating to import (only purchase transactions)Credit / Debit note (for sale- purchase return, post-sale discount)Advances received against a 
supply to be made in futureTDSISDApart from the basic details such as GSTIN, invoice number and date etc.,
details such as HSN code for goods and accounting code for services, place of supply also have to be given for B2B supplies and inter-state B2C supplies.

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