Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return under section 44 of Rule 80 for every financial year electronically in such form and manner as may be prescribed on or before the thirty-first day of December following the end of such financial year.
Types of Annual Return
There are 4 types of annual returns under the GST law:
- GSTR 9 must be filed by regular registered, taxpayers who file GSTR 1 and GSTR 3B.
- GSTR 9A must be filed by registered, composite dealers (composition scheme).
- GSTR 9B must be filed by e-commerce operators who collect tax at source and have filed GSTR 8 for the financial year.
- GSTR 9C is an audit form that must be filed by all taxpayers whose aggregate turnover exceeds Rs. 2 crores in a financial year and is liable to get their annual reports audited.
Applicability of Annual Return
| Name of the Form | Applicability- AATO* limit for FY 2020-21 |
|---|---|
| GSTR-9 | more than Rs.2 crore |
| GSTR-9C | more than Rs.5 crore |
Penalty Norms When you Miss the Due Date of GSTR-9 Filing
As per the penalty provisions of the GSTR-9 annual return form, the taxpayer has to pay Rs. 200 per day as a penalty in which Rs. 100 consists of SGST and Rs. 100 for CGST. Also, it is to be noted that the total penalty cannot exceed 0.25% of the total turnover on which the said penalty is being levied.