Applicability of GSTR 9 and 9C
GSTR 9 is a GST Return to be filed by all taxpayers whose aggregate turnover exceeds Rs. 2 Crore. It also means that taxpayers having aggregate turnover less than or equal to Rs. 2 crores are exempt to file GSTR 9.
GSTR 9C is a GST Return that contains a self-certified statement that must be furnished by taxpayers having aggregate turnover that exceeds Rs. 5 crores. Here, it does not conclude that taxpayers having a turnover less than Rs.5 Crore are exempt from filing the return. Instead, it means that taxpayers whose aggregate turnover is between Rs. 2 Crores and Rs.5 Crores is required to file only GSTR 9.
Key Changes under GSTR 9
| Table – GSTR 9 | Particulars | Filing Requirement | Remarks |
| 4I, 4J, 4K and 4L | Credit notes /Debit notes /Amendments (+) / (-) with respect to Table 4B to Table 4E | Mandatory | |
| 5D and 5E | Exempted and NIL rated supply | Mandatory | Exempt and NIL rated supply can either be shown separately in Table 5D and 5E or the consolidated value could be disclosed in Table 5D. |
| 5F | Non-GST supply (includes ‘no supply’) | Mandatory | |
| 6C | RCM ITC on procurement from unregistered person | Mandatory | No option to report consolidation 6C and 6D value in Table 6D. It was available till FY 2020-21. |
| 6D | RCM ITC on procurement from registered person | Mandatory | No option to report consolidation 6C and 6D value in Table 6D. It was available till FY 2020-21. |
| 17 | HSN wise summary of Outward Supplies | Mandatory | · 6 digit HSN for taxpayers with more than Rs. 5 crore turnover · 4 digit HSN for all B2B supplies by taxpayers having turnover upto Rs. 5 crore. |
Key Changes under GSTR 9C
| Table – GSTR 9 | Particulars | Filing Requirement | Remarks |
| 12A to 12D | Reconciliation of net ITC as per financials with ITC as per GSTR 9 | Mandatory | Disclosure of values in Table 12B and Table 12C was optional till FY 2020-21 |
Every GST payer must know well about the above GST annual return changes made thereunder. Hence, from now on GSTR 9 has to be self-certified by the taxpayer instead of being certified by CA/CMA.
Note : The Due date for filing GSTR 9 and GSTR 9 C for FY 2021-22 is on or before 31st December 2022. And the late fee charged for the same is Rs. 200 shall be charged for every day during which such failure continues. Moreover, if GSTR 9C is filed after the due date is passed then, a general penalty of Rs. 50,000 will be applicable.
Disclaimer: The above-described information is on the basis of tax laws, rules, notifications and the author’s personal view of the tax law. The author shall not be held responsible for any issue that occurred as a result of opinion based on the above article without consultation.
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