GSTR 9 Penalty for Late Filing

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Every taxpayer needs to submit the GSTR 9 form within the GST annual return due date. If this GSTR 9 due date is missed, there’s a significant penalty to be aware of. The fine amounts to 200 INR per day. This GSTR 9 late fee is divided into 100 INR for CGST and 100 INR for SGST, with no late fee applicable for IGST. Significantly, the penalty amount will not exceed the taxpayer’s quarterly turnover.

It’s crucial to meet the GSTR 9 due date to avoid these penalties and ensure smooth compliance with tax regulations. Call us now!

How Can IndiaFilings Assist with GSTR-9 Form Filing?

Navigating the intricacies of tax filings can be overwhelming, but IndiaFilings is here to simplify the process. We provide comprehensive support to make GSTR-9 form filing a breeze:

Expert Guidance: Our team of tax experts is well-versed in GST regulations. We guide you step by step through the GSTR-9 form, ensure filing before GSTR 9 last date with accuracy.
Data Verification: We ensure the accuracy of your data before submission. This reduces the chances of errors that could lead to penalties.
Timely Reminders: Our system sends you timely reminders so you don’t miss important deadlines. You’ll stay informed and avoid late filing penalties.
Support at Every Step: Have questions? Our customer support team is here to help. Whether you’re unsure about a field or need clarification on a concept, we’ve got you covered.
Comprehensive Services: We go beyond just form-filling. We assist with data compilation, calculations, and ensuring all necessary information is included.

With IndiaFilings by your side, you can file your annual return form before GSTR 9 last date with confidence, knowing that you have a reliable partner guiding you through the process.

Ready to simplify your GSTR-9 filing? Let IndiaFilings be your trusted partner in tax compliance. Get started today and experience a stress-free way to fulfill your obligations.

Take the hassle out of GSTR-9 filing. Contact us now!

GST Annual Return Filing (GSTR – 9) FAQ’s

How many subcategories are there under GSTR 9?

There are four sub-categories under GSTR-9. Namely,GSTR-9, GSTR-9A, GSTR-9B, GSTR-9C.

What is the penalty for not filing GST annual returns?

As per Section 47(2) of the 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.

When is the GST annual return due date?

According to the latest update, the due date is further extended by CBIC via GST Notification 04/2021 | CBIC extends the GSTR 9 last date & 9C for FY 2019-20 to 31st March 2021

If the taxpayer opts for the composition scheme is she /he required to file GSTR 9?

Every taxpayer who has opted out of the composition scheme during the financial year is required to furnish GSTR 9 for the period for which he has been a regular taxpayer

Is it possible to file GSTR 9 online?

No, as of now, annual returns in form GSTR 9 can only be filed online. However, the government will soon release the offline method to file form GSTR 9.

Is there any late fee if there is a delay in filing GSTR9?

Yes, a delay in filing GSTR-9 beyond the due date will attract a late fee as a penalty.

Is it possible to revise GSTR 9?

No, the returns field in GSTR-9 cannot be revised by the taxpayer after they have been filed.

Who is eligible to file GST annual returns?

All the registered GST taxpayers are required to file GSTR 9 once a year. In the recent past, the intrastate suppliers and the business and the service sector businesses that have an annual turnover of Rs 20 lakh and goods sector with an annual turnover of Rs.40 lakh need to file GST annual returns.

Who should get the GST audit done?

All the registered GST taxpayers whose turnover during a given financial year is exceeding the prescribed GST annual return limit should get the accounts audited. According to the current GST rules, the limit is Rs.2 crores.

Has the GST filing deadline been extended?

The government has extended the deadline for the taxpayer under the GST through Central Tax Notification Nos 10/2021,11/2021,12/2021, 13/2021, 14/2021 all dated 1st May 2021.

Who can file GSTR 9 & GSTR 9C?

GSTR annual return is filed by every GST registered taxpayer irrespective of the turnover. GSTR 9C is a reconciliation statement that is to be submitted by the GST registered taxpayer for whom audit is applicable.

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