What is the penalty for late filing of Gstr 9?

The late fees for not filing the GSTR 9 within the due date is Rs 100 per day, per act. That means late fees of Rs 100 under CGST and Rs 100 under SGST will be applicable in case of delay. Thus, the total liability is Rs 200 per day of default.

What is the penalty for late filing of Gstr 9 and 9C?

GSTR 9C Late Fees and Penalty However, any delay in filing the GSTR 9C within the prescribed deadline attracts the penalty clause of the GSTR 9C audit return form, and the taxpayer is liable to pay a late fee of ₹200 per day (₹100 each under CGST and SGST) as penalty.

Is it mandatory to file Gstr 9?

You are required to file both Form GSTR-9 and Form GSTR-9A, for the respective periods. The period during which the taxpayer remained as composition taxpayer, Form GSTR-9A is required to be filed. And, for period for which the taxpayer is registered as normal taxpayer, Form GSTR-9 is required to be filed.

Can penalty under GST waived off?

The Government may, by notification, waive in part or full, any penalty referred to in section 122 or section 123 or section 125 or any late fee referred to in section 47 for such class of taxpayers and under such mitigating circumstances as may be specified therein on the recommendations of the Council.

Is Gstr 9 due date extended?

CA portal is enabled to give all the information about user 9 due dates for FY 2020-21 and the prolonged gstr 9 extension news notification for the usual assessment form.Annual Return GSTR 9 Due Date for FY 2021-22:

What is the due date for Gstr 9 for FY 2021 22?

December 31, 2022

Is Gstr 9C compulsory for everyone?

Taxpayers whose aggregate turnover in a financial year exceeds Rs 2 Crores need to file GSTR-9C. The GSTR-9C must be digitally signed by the GST Auditor and must report all discrepancies or liabilities in filing any of the GST returns during the financial year.30-Jun-2022

What is the due date for Gstr 9 for FY 2020 21?

31st December 2021

What is the time limit for Gstr 9 & 9C for the FY 2019 20?

28th February 2021 The due date to file GSTR-9 & GSTR-9C for the FY 2019-20 has been further extended up to 31st March 2021.12-Jan-2022

Who are eligible for Gstr 9?

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.

Who Must file Gstr 9 annual return?

all registered taxpayers under GST

What is Gstr 9 and its due date?

As per the 37th GST Council Meeting, the last date for filing GSTR 9 for a given financial year is 31st December of the following year. If you miss the due date, you will be liable to pay the applicable late fee.

How do I avoid GST penalty?

However, if you have made any GST sales or purchase then you should first file the returns till the month in which you have last GST sales or purchase and then ask the Assessing Officer to cancel your GSTIN from that month so save GST late fee penalty.24-Sept-2020

How GST penalty is calculated?

An offender not paying tax or making short payments must pay a penalty of 10% of the tax amount due subject to a minimum of Rs. 10,000. Consider — in case tax has not been paid or a short payment is made, a minimum penalty of Rs 10,000 has to be paid. The maximum penalty is 10% of the tax unpaid.28-Jun-2022

How do I pay my GST penalty?

To make the GST payment post-login to the GST Portal once the challan is generated, perform the following steps:

Access the https://www.gst.gov.in/ URL.
Login to the GST Portal with valid credentials.
Access the generated challan.
Select the CPIN link for which you want to make the payment.
Select the Mode of E-Payment.

What is GST audit limit?

GST Audit Based on Turnover: This type of audit is performed by the Cost Accountant or the Chartered Accountant appointed/hired by the taxpayer. According to the CGST Act, this audit is conducted when the turnover exceeds the limit of ₹ 2 crores, and the taxpayer needs to get audits for their records and accounts.31-May-2022

Is GST annual return mandatory for turnover less than 2 crore?

GST Council Recommendations Accepted: The government has exempted registered persons whose aggregate turnover in the financial year 2021-22 was up to Rs 2 crore from filing the annual return for the financial year.06-Jul-2022

Why Gstr 9 is filed?

The GSTR 9 is a document or statement that has to be filed once a year by a registered taxpayer. This document will contain the details of all supplies made and received under various tax heads (CGST, SGST and IGST) during the entire year along with turnover and audit details for the same.11-Nov-2021

Is HSN compulsory in Gstr-9?

Table 17 of GSTR-9 requires the taxpayer to furnish the information of HSN summary on outward supplies. And Table 18 requires the information of HSN on inward supplies.27-Dec-2021

What happens if annual return not filed?

Any Director who has defaulted in the filing of annual return of a company can also be penalized with an imprisonment of a term extended up to six months or with a fine of an amount not lesser than fifty thousand rupees and it might extend up to five lakh rupees, or with both imprisonment and fine.