The last date for filing GSTR 9 form is 31st December for businessmen whose annual turnover is more than Rs 2 crore. The government has urged the people to file this form before the 31st.
According to the instructions issued by the government, it is necessary to fill GSTR 9 form for taxpayers having a turnover of more than 2 crores in the financial year 2021-22. However, Input Service Distributor, TDS Deductor, TCS Collector, Casual Taxable Person and Overseas Taxable Person are not required to fill it.
The government has said that taxpayers whose annual turnover is more than Rs 5 crore for 2021-22, along with filing annual return in GSTR 9, it is also necessary to file a salp attested reconciliation statement in GSTR 9C. This instruction has been issued by the Central Board of Indirect Taxes and Customs.
In the beginning of December, the businessmen got a big relief. The government had given a big relief to the businessmen regarding the GSTR 9C form. Businesses with turnover of more than Rs 5 crore also fill GSTR 9C form but they had to get it certified by a chartered accountant. However, the government has changed it and traders themselves can attest to it.
What is GSTR 9 form
This is an audit form which has to be filled by businessmen with a turnover of more than Rs 2 crore. Similarly, there is a GSTR 9C form for businesses with a turnover of more than Rs 5 crore. In this, the businessman has annual audited gross and taxable turnover. GSTR 9C is divided into 2 parts, A and B. Part A contains all the information about tax and in part B verification is done which was earlier done by CA but now businessmen can do it themselves.
What will happen if the form is not filled?
If the taxpayer does not file these forms, then a fee of Rs 200 is levied for every day of delay. It takes Rs 100 under Central GST and Rs 100 under State GST. There is no specific penalty for late filing of GSTR 9C. However, if the taxpayer delays filing GSTR 9C by filing GSTR 9 in time, then he can be fined up to Rs 50000. You can fill it by visiting the GST portal.
