GST Annual Return FY 2021-22
GST Annual Return FY 2021-22
In accordance with rule 80 of the CGST Rules, 2017, everyone who is registered with the CGST Rules, 2017 is required to file a GST Annual Return for every financial year on or before 31st December in the subsequent financial year. The last day for making the GST Annual Returns for the FY 2021-22 will be 31- 12-2022.
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19. What tables on Form GSTR-9 have auto-populated data from GSTR-1 filed as well as Form GSTR-3B?
Below , in Form GSTR-9, are tables that contains auto-populated information, derived from Form GSTR-1 already filed and Form GSTR-3B for the financial year in question:
Form to be used for filing the annual GST return
Form GSTR-9 to be used to submit GST annual returns, registered taxpayers who are regular taxpayers, which includes SEZ units as well as SEZ developers. Taxpayers are required to give details of the purchase and sales, as well as tax credits for inputs, refunds requested or demand generated etc. in this tax return.GST9 annual return is mandatory
Gst Annual returns must be filed by all taxpayers who’s total turnover is greater than INR 2 crore per year. However, GSTR 9 is exempt for taxpayers whose annual amount of turnover falls below two crore. Additionally, a self-certified declaration in GSTR 9C must be submitted by taxpayers whose total turnover is greater than INR five crore.Gst Annual tax Exemption Notification
Vide Notification No. 31/2021-Central Tax Date: 30th July 2021. CBIC excludes person who is registered whose total turnover is below Rs.2 Crore from the fiscal period 2020-21 and beyond.How to file the Gst Annual Return
- Login to GST and Navigate to Form GSTR-9 – Annual Return for Normal Taxpayer.
- Download Form GSTR-1, Form GSTR-3B and Form GSTR-9 Summary.
- Enter details in various tiles.
- Preview Draft Form GSTR-9 Summary.
- Compute Liabilities as well as Pay late fees, if there are any.
- Preview Draft Form GSTR-9.
- Fill out Form GSTR-9 with DSCor EVC
Gst priced high if delayed late returns
According to Section 47(2) in the Central Goods and Service Tax Act (2017) in the Central Goods and Service Tax Act (2017), a person can be penalized with an fine of 100 INR per calendar day under the CGST Act + INR 100 per day under the SGST (or SGST) The Act until GST returns are filed. So, the total obligation is 200 rupees per day for default. The amount is up to a maximum of 0.25 percent of the total revenue of the taxpayer.FAQ on GST Annual Return
1. What is Form GSTR-9? Form GSTR-9 is a return for the year to be submitted once every financial year by registered taxpayers who are regular taxpayers including SEZ units as well as SEZ developers. The taxpayers must include details of their purchase, sale, input tax credit or refund requested or demand generated and so on. on this form. 2. Who must file the Annual Returns on the GSTR-9 Form? Form GSTR-9 must be completed by any person with the status of a regular taxpayer, which includes SEZ units or SEZ developer as well as taxpayers who have changed their status from the composition scheme to become a regular taxpayer at any point during the fiscal year. Note:- Composition taxpayers may file their Annual Returns on Form GSTR-9A.
- Annual Returns are not required to be submitted by non-resident taxpayers or casual taxpayers. resident taxpayers, ISDs or OIDAR Service Providers.
- Taxpayers must have an active GSTIN throughout the relevant fiscal year as a regular taxpayer, even for just one day.
- Taxpayers have filed the required tax returns i.e. Form GSTR-1 and Form GSTR-3B for the relevant financial year prior to filing their Annual Return.
- Not made any supply to the outside (commonly referred to as sale) NOT made any outward supply (commonly referred to as sale)
- Not received any goods or services (commonly referred to as purchase) OR
- No other liabilities to disclose;
- Not claimed any credit; and
- Have not claimed any refund. and
- There is no order that has created a demand.
- The late charge is not due that must be paid or otherwise.
- Information on advances, outward and inward supplies that were made during the financial year in which tax is due
- Details of outward supplies that were made during the fiscal year for which no tax is due
- The total amount for the input tax credit that can be claimed through FORM GSTR-3B (sum total of Table 4A in the FORM GSTR-3B)
- Tax Credit for Input received from ISD
- Transition Credit by TRAN I (including revisions, if there are any)
- Transition Credit via TRAN-II
- Information on tax paid reported in tax returns made during the year’s financial year.
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- Table number. 8A ITC in accordance with GSTR-2A (Table 3 and 5 of)
- Table number. 6A Total amount of the tax credit for inputs that are available through GSTR-3B FORM (sum of Table 4A in the GSTR-3B FORM)
- Table number. 8A ITC in accordance with GSTR-2A (Table 3 and 5 of)
- Table number. 9: Information on tax paid in return submitted for the fiscal calendar year (Except Tax payable column)
- There is no ‘Additional Cash (which) is necessary’ to pay late fees, if there are any.
- Clicked the ‘Preview Draft of GSTR-9 PDF’ link to view the information you entered.
- You have clicked on the declaration checkbox and then selected signed authorization information from the drop-down menu.
- ARN is generated upon an effective filing of the return on Form GSTR-9.
- An email and SMS sends to the taxpayer’s mobile via his registered mobile number and email address.
- Electronic cash ledger as well as electronic Liability Register Part-I will get updated on successful set-off of liabilities (Late fee only).
- The GSTR-9 file is available to download or view in PDF as well as Excel format.
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