GSTR 9

GSTR 9 is an annual return to be filed yearly by taxpayers registered under GST.

- It consists of details regarding the outward and inward supplies

made/received during the relevant financial year under different tax heads
i.e., CGST, SGST & IGST and HSN codes.
- It is a consolidation of all the monthly/quarterly returns (GSTR-1, GSTR-2A,
GSTR-3B) filed in that year. Though complex, this return helps in extensive
reconciliation of data for 100% transparent disclosures.
- GSTR-9 is divided into 6 parts and 19 sections. Each part asks for details that
are easily available from your previously filed returns and books of
accounts.
- Broadly, this form asks for disclosure of annual sales, bifurcating it between
the cases that are subject to tax and not subject to tax.
- On the purchase side, the annual value of inward supplies and ITC availed
thereon is to be revealed.
- Furthermore, these purchases must be classified as inputs, input services,
and capital goods. Details of ITC that needs to be reversed due to
ineligibility are to be entered.
- The due date to file GSTR-9 for a financial year is 31st of December of the
year following the relevant financial year.

50th GST Council meeting

In the 50th GST Council meeting held on 11th July 2023, the Council recommended
that the relaxations provided in FY 2021-22 in respect of various tables of the Form
GSTR-9 and 9C be continued for FY 2022-23. Further, the exemption from filing the
GSTR-9/9A for small taxpayers (with an aggregate annual turnover up to Rs.2
crore) will continue for FY 2022-23 as well.

*These decisions will come into force once notified by the CBIC.
 GSTR 9C

Every registered person under GST whose turnover during a financial year exceeds
the prescribed limit of Rs.5 crore^ must prepare the reconciliation statement in
Form GSTR-9C and self-certify it before filing it on the GST portal.

A. GSTR-9C is a statement of reconciliation between:

- the Annual Returns in GSTR-9 filed for a FY, and
- the figures as per the audited annual Financial Statements of the taxpayer.
- It will consist of gross and taxable turnover as per the Books reconciled with
the respective figures as per the consolidation of all the GST returns for an
FY.
- Hence, any differences arising from this reconciliation exercise will be
reported here, along with the reasons for the same and then certified by the
taxpayer themselves. The certified statement shall be issued for every
GSTIN. Hence, for a PAN, there can be several GSTR-9C forms to be filed.

B. The GSTR-9C consists of two main parts:

Part-A: Reconciliation Statement
Part-B: Self-certification