What is Gstr 9B?
GSTR-9B is an annual return to be filed by every E-commerce operator who is required to collect tax at source under section 52 (5) of the CGST Act, 2017. It contains the details of outward supplies of goods and services, returns if any, and the amount collected during the financial year.
Hence, GSTR-9 is the annual return to be filed by every GST registered taxpayer irrespective of their turnover. Whereas GSTR-9C is the reconciliation statement to be submitted by those GST registered taxpayers to whom GST audit applies. GST Audit applies to those taxpayers whose turnover exceeds Rs. 2 crore.12-Jan-2022
Which type of traders use Gstr 9B to file their annual return?
GSTR 9B : To be filed by Electronic Commerce Operator. GSTR 9C : To be filed by Person who are required to get their accounts audited under Sec 35 of CGST Act.23-Nov-2018
The GSTR-9 form is an annual return that has to be filed by all registered taxable persons under GST. The GSTR-9C is the GST reconciliation Statement for a particular FY on or before 31st December. The reconciliation must also be certified by a CA for the companies having a turnover of more than 5 crores.16-Mar-2022
What is 9B in gstr1?
Credit note/debit note issued to unregistered persons (B2C supplies): It must be declared in Table '9B – Credit/Debit Notes (Unregistered)'. The details required are as follows: Debit/credit note number. Original invoice number. Original invoice date.12-Jan-2022
E-Commerce Operator required to collect TDS to furnish Annual Statement in GSTR-9B: CBIC [Read Notification] The Central Board of Indirect Taxes and Customs (CBIC) notified that the E-commerce operator was required to collect TDS to furnish the annual statement in GSTR-9B.30-Jul-2021
Is Gstr-9A mandatory?
The Form GSTR-9A has been disabled from FY 2019-20 onwards for composition taxpayers due to the introduction of GSTR-4 (Annual return). However, the GSTR-9A is optional and can be filed for FY 2017-18 and FY 2018-19.28-Jul-2021
Taxpayers with a turnover exceeding Rs. 5 crore in the previous financial year are required to file Form GSTR-9C on a self-certification basis. This change is applicable from FY 20-21 onwards.14-Jul-2022
What is the difference between Gstr 9 & 9C?
GSTR 9 is an Annual Return all Tax Payers must file and GSTR 9C is a an Annual Reconciliation Statement that Tax payers with over Rupees 2 crore annual aggregate turnover should file. Many Tax Payers are often confused about who should file the returns.
GSTR 9C is an audit form that must be filed by all taxpayers whose aggregate turnover exceeds Rs. 2 crores in a financial year and is liable to get their annual reports audited.11-Nov-2021
What happens if Gstr 9 is not filed?
Penalty Norms When you Miss the Due Date of GSTR-9 Filing 200 per day as a penalty in which Rs. 100 consists of SGST and Rs. 100 for CGST. Also, it is to be noted that the total penalty cannot exceed 0.25% of the total turnover on which the said penalty is being levied.06-Jul-2022
Yes, you can claim ITC for FY 2017-18 till March 2019 in the GSTR-3B return, and you can show the same in GSTR-9 too.12-Jan-2022
What is limit for Gstr-9C?
As per 43rd GST Council meeting outcome, GSTR-9 shall continue to be optional for taxpayers with turnover up to Rs. 2 crore, whereas GSTR-9C can be self-certified by taxpayers with turnover less than or equal to Rs. 5 crore from FY 2020-21 onwards.14-Jul-2022
As per 43rd GST Council meeting outcome, GSTR-9 shall continue to be optional for taxpayers with turnover up to Rs. 2 crore, whereas GSTR-9C can be self-certified by taxpayers with turnover less than or equal to Rs. 5 crore from FY 2020-21 onwards.05-May-2022
Is Gstr 9 compulsory for all?
All the regular taxpayer registered under GST and having an annual turnover of more than Rs. 2 crore should file GSTR-9 or GST Annual Return. The only category of GST registered entities not required to file GSTR-9 filing are input service distributors, casual taxable persons and non-resident taxable persons.
Table 4A, 4B, 4C, 6B, 6C - B2B Invoices. To add an invoice for taxable outwards supplies to a registered person, perform the following steps: 17.1. 1 Click the 4A, 4B, 6B, 6C - B2B Invoices tile to enter the invoice details for B2B transactions (goods/ services sold to a registered taxpayer).
How do I file B2B with GST?
Manual Online Upload of Invoice on GSTN
Amend the Value of B2C Large Invoice to Zero in Table 9A of Form GSTR-1 and add that invoice in B2B Table 4A,4B,4C,6B,6C and by doing that you will have a difference in your GSTR 3B and GSTR1 of that month/Quarter but that is the only option by which it can be amended and in case of any notice in future you have to
Can I file Gstr 9 after due date?
However, for FY 2020-21, the due date stands extended up to 28th February 2022 through Central Tax notification 40/2021 dated 29th December 2021. The late fees for not filing the GSTR 9 within the due date is Rs 100 per day, per act.
If a taxpayer fails to file both Annual Return and Form GSTR-9C, then he is liable to a fee of Rs. 200/- per day during which the default continues (Rs. 100 under CGST law + Rs. 100/- under State / Union Territory GST law) *Capped to a maximum amount of .12-Jan-2022
Who needs Gstr 9A?
Form GSTR-9A is an annual return to be filed once for each financial year by taxpayers who have opted for the composition scheme any time during the said financial year.
What is Gstr 9B?