GSTR9

GSTR9 is an annual return that registered taxpayers under the Goods and Services Tax (GST) regime in India are required to file. It consolidates all the information furnished in the monthly or quarterly returns (GSTR-1 and GSTR-3B) throughout the financial year. The purpose of GSTR9 is to provide a comprehensive summary of all outward and inward supplies, tax payments, and input tax credits claimed during the year. It serves as a reconciliation statement for the taxpayer's records with the data available with the GST authorities.

The filing of GSTR9 is mandatory for most regular taxpayers whose aggregate annual turnover exceeds a specified threshold. Certain categories of taxpayers, such as those under the composition scheme, are exempt from filing this form and instead file GSTR9A. The form requires details of outward supplies, inward supplies, input tax credit claimed, tax paid, and any demands or refunds. It also includes specific details about the HSN (Harmonized System of Nomenclature) summary of goods and services.

The due date for filing GSTR9 is typically December 31st of the subsequent financial year. Non-filing or delayed filing of GSTR9 can attract late fees and penalties. This annual return is crucial for ensuring compliance and transparency in the GST system.