Under GST, after the end of the financial year, it is required to file an annual return in form GSTR 9. It is not mandatory for all the assessee but needs to be done as per the notification or circulars issued by the GST department. Under this post, we will know about the GSTR 9 Due Date For FY 2020-21.
GSTR 9 annual return for normal taxpayers
GSTR 9 is an annual return to be filed yearly by normal taxpayers registered under GST. It consists of details regarding the outward and inward supplies made received during the relevant previous year. It is a consolidation of all the monthly/quarterly returns filed in that year.
Who Should file GSTR 9?
All taxpayers registered under GST must file their GSTR 9, however, the following persons are not required to file GSTR9-
- Composition Taxpayers
- Casual Taxable Person
- Input service distributors
- A non-resident taxable person
- Person paying TDS under section 51 of the CGST Act.
GSTR 9 Due Date For FY 2020-21
Normally, the due date of GSTR 9 is 31st December of the next financial year but current update due dates are as under-
| Financial Year | Original Due Date | Extended/Revised Due date |
|---|---|---|
| 2017-18 | 31st December 2018 | 07th February 2020 |
| 2018-19 | 31st December 2019 | 31st December 2020 |
| 2019-20 | 31st December 2020 | 31st March 2021 |
| 2020-21 | 31st December 2021 | 28th February 2022 |
GSTR 9 Due Date For FY 2020-21- The due date of furnishing annual return in form GSTR-9 & self-certified reconciliation statement in Form GSTR-9C for the financial year 2020-21 has been extended from 31.12.2021 to 28.02.2022. Notification No. 40/2021-Central Tax dated 29.12.2021 to this effect has been issued.
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GSTR 9 late fees and penalty
The late fee for not filing the GSTR 9 within the due date is Rs. 100 per day per Act. It means that the late fee under the CGST Act is Rs. 100 per day and the late fee under SGST Act is Rs. 100 per day.
Thus the total liability of Rs. 200 per day of default. This is subject to a maximum of 0.25% of the taxpayer’s turnover in the relevant state or union territory. However, there is no late fee on IGST yet.
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Disclaimer: The information contained in the above article are solely for informational purpose after exercising due care. However, it does not constitute professional advice or a formal recommendation. The author does not own any responsibility for any loss or damage caused to any person, directly or indirectly, for any action taken on the basis of the above article.
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Compiled by- CA Chirag Agarwal (Practicing Chartered Accountants)