Gstr-9: A Complete Guide On How To Do Gst Return Filing

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GSTR-9 is an important annual filing responsibility for all taxpayers who fall under the Goods and Services Tax (GST) system. GST return filing consists of Central GST (CGST), State GST (SGST), and Integrated GST (IGST) regulations. GST return filing online is a combined record of all monthly or quarterly returns submitted within the relevant year.

GSTR-9: Introduction

It is a yearly report that registered taxpayers need to submit. This report consists of everything that is bought and sold throughout the year, including different taxes (like CGST, SGST, and IGST). It also includes the total sales and purchases and audit details for the year. GSTR-9 filing is optional for those with a turnover up to Rs. 2 crore.

Applicability of GST return filing

The necessity to file Form GSTR-9 accommodates various classifications of taxpayers depending on their registration status, GST annual return limit, and activities during the financial year. The following organizations are bound to submit ...
... GST return filings online:

Normal Taxpayers: Individuals and businesses’ registered as regular taxpayers come under the extent of the Form GSTR-9 filing. It includes businesses working under standard tax provisions.
SEZ Units and SEZ Developers: Special Economic Zone and SEZ developers are also bound to submit Form GSTR-9 for GST return filing. It makes certain the comprehensive reporting of the financial activities within the relevant year.
Transition from Composition Scheme: Taxpayers who have transformed from the composition scheme to normal taxpayer status during the financial year are required to file Form GSTR-9. It captures their shift from a simplified tax framework to a regular tax framework.

GST return filing process

If you have been wondering about GST return filing, it is not a laborious or confusing process. It can be done with the billing software provided by the Goods and Services Tax Network (GSTN), which will auto-fill the forms.

The GST return filing process is as follows:

Access the government-authorized GST portal.
By filling out your state code and PAN number, a 15-digit number will be issued.
Every invoice that you have is to be uploaded, and against each invoice, a reference number will be issued.
After this, the next move is to file the outward returns, inward returns, and cumulative monthly returns, and all errors can be amended.
Provide the information for outward supply returns of GSTR-1 by utilizing the information section at the GST Common Portal.
The outward supplies supplied by the supplier will be obtained from the GSTR-2A.
After this, the recipient has to confirm the details of the outward supplies and the supply details of credit or debit notes.
Next, fill in details of the inward supplies of goods and services in the GSTR-2 form.
At last, the supplier can accept or reject the information given by the inward supplies made in the GSTR-1A.

Where can you check the GST return filing status?

Below are the easy steps to knowing your GST return filing status:

Access the government-authorized GST website. Then, the GST Home page is displayed.
Login to the GST Portal with valid approval.
Click Services > Returns> Track GST return filing status.

End Term

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