Last updated on December 1st, 2022 at 07:04 pm
GSTR 9A Annual Return for taxpayers registered under composition levy
It is a scheme under the GST regime for small taxpayers. Small taxpayers under GST means those who have an annual aggregate turnover of up to Rs. 1.5 crore. This scheme helps in getting rid of the tedious formalities of filing monthly returns and maintaining detailed records. It would also make it easy by paying tax at a uniform rate of turnover. i.e 1 % for manufacturers and traders and 5 % for restaurants.
Do you need to file an Annual Return if you are registered under a composition scheme?
Yes, As per the provisions of section 44(1) of the CGST Act 2017, every registered person (except ISD, NRI, CTP, and e-commerce operators) has to file the GST Annual Return. So, even the person registered as the composition dealer has to file the annual return.
Section 44(1) of CGST Act, 2017 for reference
Which return forms are applicable to composition dealers?
- Form GSTR-9A is an annual return form.
- Form GSTR 4 is a yearly return (Read in detail about it)
- Form GST CMP 08 is a quarterly payment form (Read in detail about it)
Waiver from filing the Annual Return in Form GSTR 9A
Composition taxpayers were granted a waiver from furnishing the GST Annual Return in Form GSTR 9A.
|CGST Notification no. 10 dated 5th July 2022
|CGST Notification no. 31 dated 31st July 2021
|CGST Notification no. 77 dated 15th October 2020
|CGST Notification no. 47 dated 9th October 2019
Note: Do note that if the return is not furnished before the due date it shall be deemed to be furnished on the due date.
Is the format of GSTR 9A notified by the Government?
Yes, CBIC has notified the formats of GST Annual Return Form GSTR-9A for the taxpayers registered under the composition scheme to vide Notification No. 39/2018 – Central Tax dated 04th September 2018. ( Download the GSTR 9A in PDF format )
What is the due date for filing GSTR 9A?
Generally, the due date for GSTR 9A is 31st December of the year next to the financial year. (Check the updated/extended due date)
What will be the penalty for delayed filing of annual returns?
As per section 44, if there is a delay in filing an Annual return then late fees of Rs. 100 per day under CGST plus Rs. 100 per day under SGST/UTGST subject to the maximum of 0.5% ( 0.25%+0.25% ) of Turnover in-state/Union Territory shall be levied.
As per section 125, a general penalty of up to Rs.25,000/- can be levied.
What if the registered person has canceled/surrendered or applied for cancellation of the GST registration before the end of the financial year?
As per the legal provision of Section 44(1) of the CGST Act, every registered person shall be required to file the annual return.
Hence, even if the status of the taxpayer is not registered/applied for cancellation as of 31st March of the financial year. If the taxpayer was registered during the financial year then the requirement of filing a return in Form GSTR 9A shall be applicable for the period during which the taxpayer was registered.
What if the person was registered under the composition scheme but switched to the regular taxpayer before the end of the financial year?
If a person is registered under the composition scheme for a few months and then switches to a regular/normal taxpayer for the remaining months during a financial year.
In such cases, two annual returns are required to be filed by the taxpayer. One as a composition dealer and the other as the normal/regular taxpayer.
- GSTR 9A needs to be filed for the period the person was registered as a composition taxpayer and
- GSTR 9 needs to be filed for the remaining period of the financial year where the person was registered as a normal taxpayer.
And if the aggregate annual turnover exceeds 5 crores for the financial year then even the reconciliation statement in GSTR 9C also needs to be filed.
You may also like:
- Download the GSTR 9A in PDF format
- Procedure to opt for composition levy by a service provider
- Composition scheme for service providers
- Applicability of GST Audit
- GST Audit
- Annual Return of GST
- GST: Advance Ruling
- Non-filers under the GST regime
- TReDS – A boon for MSMEs
- FAQs on TReDS
Disclaimer: The above content is for general info purpose only and does not constitute professional advice. The author/ website will not be liable for any inaccurate / incomplete information and any reliance you place on the content is strictly at your risk.
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