In this post, we will cover the due dates for GSTR-9 and GSTR-9C, ensuring that you don’t miss the filing deadlines and avoid penalties.

Due Date for GSTR-9 (Annual Return)

The due date for filing GSTR-9 is typically 31st December of the following year for the financial year (FY) in question. For example, the due date for filing GSTR-9 for FY 2023-24 is 31st December 2024.

However, this due date may be extended by the government from time to time. It’s always important to stay updated with notifications from the GST authorities to ensure that you don’t miss any changes to the deadline.

Who Must File GSTR-9?

• All regular taxpayers whose turnover exceeds ₹2 crores in the financial year are required to file GSTR-9.
• Even if there were no transactions during the year, the business must file a “NIL” return.

Due Date for GSTR-9C (Reconciliation Statement)

The due date for filing GSTR-9C is the same as the due date for GSTR-9. Therefore, the deadline for filing GSTR-9C for FY 2023-24 would also be 31st December 2024, unless extended.

GSTR-9C is mandatory for businesses with an aggregate turnover exceeding ₹5 crores in a financial year. This form requires a reconciliation between the GST returns filed (GSTR-1 and GSTR-3B) and the financial statements, certified by a Chartered Accountant (CA).

Consequences of Missing the Due Date:

1. Late Fees and Penalties: If you miss the due date for filing GSTR-9 and GSTR-9C, you may incur late fees and penalties as per GST regulations. The longer you delay, the higher the cost.
2. Interest on Outstanding Tax Liabilities: If there is any tax due and the return is not filed on time, interest will be charged on the outstanding liability.
3. Non-Compliance Risks: Non-filing of these forms can lead to non-compliance issues, which might affect your business reputation and your ability to claim input tax credits in the future.
4. Missed Opportunities for Refunds or Adjustments: Filing on time helps you adjust any discrepancies, claim tax refunds, or correct errors made in earlier returns.

Steps to Ensure Timely Filing:

1. Keep Your Records in Order: Ensure that all transaction records, invoices, and financial data are ready well before the deadline.
2. Review Your Returns: Double-check your monthly/quarterly returns (GSTR-1 and GSTR-3B) to ensure they match the details in GSTR-9.
3. Consult Your Chartered Accountant (CA): If your turnover exceeds ₹5 crores, make sure your CA has completed the audit and certification for GSTR-9C.
4. File Early: Don’t wait until the last minute! File as soon as possible to avoid last-minute issues or website downtimes.

Why Choose GST2ITR for Your Filing Needs?

At GST2ITR, we understand the importance of filing GSTR-9 and GSTR-9C on time. Our team of tax experts and Chartered Accountants are here to assist you in ensuring accurate, timely, and hassle-free filing of your GST returns. We take care of the complexities, so you don’t have to worry about missing deadlines or facing penalties.

File your GSTR-9 and GSTR-9C with GST2ITR today and stay compliant! Contact us to get professional assistance and avoid late fees.

Don’t wait – ensure your GST compliance now!