GSTR9

1
How to file GSTR9

• By IRISGST

2
What is GSTR-9?

• GSTR-9 is an annual return form that needs to be
  filed once a year by registered taxpayers under
  GST disclosing
• detailed summary of outward supply and
• taxes paid thereon,
• input tax credits claimed,
• taxes paid and
• refund claimed in the financial year in respect
  of which such annual return is filed.

3
What does GSTR-9 Return form consists of?

• The GSTR-9 return form consists of 19 tables
  grouped into 6 parts. the 6 parts can be broken
  down as follows
• Part 1It covers the basic details such
  as financial year, GSTIN, legal name, and trade
  name (if any).
• Part 2 In this section, you need to
  provide consolidated details of all your outward
  supplies and advances received on which tax is
  applicable during the financial year for which
  the return is filed. You also need to fill
  details of outward supplies on which tax is not
  applicable as mentioned in the returns filed
  during the respective financial year.

4
What does GSTR-9 Return form consists of?

• Part 3The tables under Part 3 deal with the
  Input Tax Credit (ITC) details, which is divided
  further into 3  subsections as follows
• 1st Sub-Section In the first sub-section, you
  have to mention the details of ITC availed as
  declared in returns filed during the financial
  year. The mentioned details can be obtained from
  FORM GSTR-3B.
• 2nd Sub-Section In the second sub-section, you
  have to provide details of ITC reversed and
  ineligible ITC as declared in return filed during
  the financial year.
• 3rd Sub-Section The third sub-section asks for
  details of other ITC details, which is
  auto-populated.
• Part 4It covers details of actual tax paid
  during the financial year.

5
What does GSTR-9 Return form consists of?

• Part 5You have to disclose details of amendments
  made i.e. additions or deductions made for the
  supplies of the previous financial year in the
  returns of April to September of the current
  financial year or the date of filing of an annual
  return for the previous financial year, whichever
  is earlier.
• Part 6In this part, you have to provide
  information of any refund, demand, supplies
  received from composition taxpayer, deemed supply
  and good send of approval basis, HSN wise summary
  of outward and inward supplies and if any late
  fee payable or paid.

6
What is the Penalty for Non-Filing of GSTR-9?

• As per Section 47(2) of Central Goods and Service
  Tax Act (2017),
• a person will be fined a penalty of INR 100 per
  day (CGST) INR 100 per day (SGST), amounting to
  a total of INR 200 per day if he/she fails to
  file GSTR-9 before the due date. However, the
  maximum amount of penalty a person can be fined
  is 0.25 of the total turnover.

7
When is the due date for filing GSTR-9?

• The due date for filing GSTR-9 is 31st December
  of the subsequent financial year. For example,
  the due date for filing GSTR-9 for the financial
  year 2017-2018 is 31st December 2018. However,
  the same has been extended until 31st August
  2019.

8
How IRIS Sapphire can make GSTR 9 Filing Simpler

• IRIS Sapphire helps you to automate your GSTR 9
  preparation and simplify computation at various
  levels. 
• It provides computation details auto-drafted in
  the GSTR 9 form. Using the GSTR 1, 3B and Ledgers
  data uploaded, it computes the tables that get
  available in  auto-popuated GSTR 9.
• This enables you to verify and reconcile with the
  auto-drafted details.
• It gives a section-wise view of the  GSTR 9 with
  auto-drafted details and uploaded details.
• This makes the review process easier and
  efficient.  This enables complete as well as
  incremental save of data.
• IRIS Sapphire helps you bulk fetch of GSTR 9
  auto-drafted details and also provides reports
  based on GST Returns data and reconciliation
  results. 
• This puts your GSTR 9 preparation on fast-track
  mode and supplements the data preparation process
  for additional sections of GSTR 9.

9
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• IRIS Business is a leading GST Suvidha Provider
  (GSP) providing easy and efficient solutions for
  GST (IRIS Sapphire) and E-way bill (IRIS Topaz)
  compliance. To have your GSTR-9 queries solved
  and to know more about our solution for filing
  GSTR-9, please request for a free demo or contact
  us at support_at_irisgst.com.