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Here’s what taxpayers like you should know about GSTR-9

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  The deadline to file GSTR-9 for the FY 2017-18 is extended to 31st December 2019.

  If you’re a composition scheme taxpayer or e-commerce operator, you must file annual returns using another form (Not GSTR-9).

  If your annual turnover > Rs 2 crore, you must file GSTR-9C along with GSTR-9.


What does it take to file GSTR-9?
  Filing GSTR-9 is not simple! You have to thoroughly recheck your business transactions right from the beginning.
 In GSTR-9, some tables will be auto-populated, but some must be filled manually using GSTR-1 and GSTR-3B filed before.
 The tax you’ve paid, returns filed by your vendors, your account books, & your GSTR-9 should all say the same thing! The data should match each other.
 Any difference between your books of accounts and GSTR-9 will be rejected.
 You’ll get notices from the tax department if mistakes are found in your GSTR-9.
 If you have paid taxes online but made mistakes in GSTR-3B, your GSTR-9 will be auto-populated with wrong data.
 If B2B sales and B2C have been misreported through GSTR-1, it can’t be changed now.
 To identify the mistakes beforehand, you will have to go through a thousand transactions in your account books if you have not maintained a digital copy of your business data.
 In case, you’re using a smart business accounting software like Vyapar( DOWNLOAD  Here) that quickly identifies the mistake and helps fix errors, you’re saved!
 You can’t claim additional ITC using GSTR-9.
 If you have to pay any pending tax to the GOVT before filing GSTR-9, it should be done without fail.

Begin preparing GSTR-9 without any further delay! Solve all your issues with GSTR-9 quickly before the deadline.

Filing GSTR-9 successfully will help you move on and do a clean and stress-free business in the upcoming years!

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