Gstr 9 applicable

Author: ukhk

August undefined, 2024

WebMar 6, 2024 · GSTR 9 is an annual return to be filed yearly by taxpayers registered under GST. Points to note: It consists of details regarding the outward and inward supplies made/received during the relevant financial year under different tax heads i.e. CGST, … Ever since GSTR-9 & GSTR-9C forms have been released by CBIC, there has been … WebAnnual GSTR2A should be provided by GSTN : It is a pathetic state of affairs that GSTN provides only monthly GSTR2A. So, one has to manually consolidate 12…

GSTR-9 and GSTR-9C for FY 2024-22 - taxguru.in

WebJan 13, 2024 · GSTR 9C is an annual audit form for all the dealers having a turnover of more than 5 crores in a financial year. Along with the GSTR 9C audit form, the taxpayer will also have to fill up the reconciliation statement along with the certification of an audit. WebSep 15, 2024 · GSTR 9 and GSTR 9C for FY 2024-19 due date, applicability & its relaxations. The due date of filing the GSTR 9 Annual return and GSTR 9C Audit for FY … first phosphate corp address

GSTR-9 – 10 Points to Remember - TaxGuru

WebApr 13, 2024 · GSTR-2B is critical in determining if any invoices have been missed when the suppliers filed their applicable documents in the GST portal. When GSTR-2B … WebJan 20, 2024 · GSTR 9 is mandatory annual return to be filed by every taxpayer registered as normal taxpayer during the financial year.It consists of details regarding the outward … WebMay 29, 2024 · GSTR-9 is an annual return to be filed by registered taxpayers under the Goods and Services Tax (GST). Since it is an annual return it is filed once at the end of the financial year having particulars of … first phorm weight loss

GSTR-9 & GSTR-9C – All aspects, Mandatory & Optional Tables for …

GSTR 9 and 9C – Optional to Mandatory reporting in FY 2024-22

WebDec 7, 2024 · 1. Applicability for FY 2024-22: The applicability of GSTR 9 and GSTR 9C for FY 2024-22 is akin to that of FY 2024-21. However, for easy reference, we have reiterated the same below: GSTR 9 is to be furnished by all taxpayers whose aggregate turnover exceeds INR 2 crore. WebDec 8, 2024 · GSTR 9 is to be furnished by all taxpayers whose aggregate turnover exceeds INR 2 crore. Conversely, GSTR 9 is exempt for taxpayers whose aggregate … first photocopying machine invented first phorm st louis mo

"WebJan 8, 2024 · GST is applicable to all business owners, small or big and even those with zero returns. Missing the GST return deadline will result in penalties and additional interest. ... penalty cannot exceed INR 10,000 for each filing. Also, the late fee for missing deadline for filing of — annual— GSTR-9 cannot exceed 0.25% of the annual turnover ... " - Gstr 9 applicable

Gstr 9 applicable

GSTR 9 :Annual Return Filing, Format, Eligibility and Rules

WebApr 3, 2024 · The GSTR 9 is a GST annual return form to be filed by the regular taxpayer once a year with all the consolidated details of SGST, CGST and IGST paid during the … WebJan 3, 2024 · GSTR-9C is a reconciliation statement between GSTR-9 and the audited books of accounts. It must be submitted by those GST registered taxpayers to whom …

Did you know?

WebSep 24, 2024 · Currently, the GST portal is aligned to charge a late fee only on returns GSTR-3B, GSTR-4, GSTR-5, GSTR-5A, GSTR-6, GSTR-8, GSTR-7 and GSTR-9 only. However, late fee is applicable on delayed filing of GSTR1 also which may not be getting populated in the return but payable during assessments or on the basis of notice issued … WebMay 13, 2024 · GSTR-9: should be filed by the regular taxpayers who are filing GSTR-1 and GSTR-3B GSTR-9A: should be filed by the persons registered under composition …

WebJan 3, 2024 · It may be noted that earlier the last date for filing of GSTR-9 and GSTR-9C for Financial Year 2024-18 was 30th November 2024 while that for Financial Year 2024-19 was 31st December 2024. ... Form-II is applicable where reconciliation statement is not drawn up by the same person who had conducted the audit. WebFeb 5, 2024 · GSTR-9C is required to file by the taxpayer as per section 35 (5) read with rule 80 (3) of CGST rules, 2024. Initially annual return was required to be filed by every registered person having turnover exceeding Rs. 2 Cr. Thereafter CBIC issued Notification No. 16/2024- Central tax dated 23rd March, 2024 to revise the threshold limit to Rs. 5 Cr.

WebGSTR 9 is a consolidated summary of your GSTR 1 return and GSTR 3B return. Outward supplies and tax payable are captured from GSTR 1 whereas GST Input Tax … WebMar 1, 2024 · Commentary on Late Fees of GSTR 9. Late Fees is Charged under Section 47 of CGST Act for delayed filing of GSTR 9 and GSTR 9C; Late fees for delayed filing …

WebSection 9 (4) of the CGST Act states that: if a registered recipient purchases from an unregistered supplier, then it becomes the responsibility of the recipient to pay the Tax Liabilities instead of the supplier under Reverse Charge Mechanism. 8. Can we claim ITC on RCM in same month?

WebNov 30, 2024 · It is reconciliation between annual GSTR 9 return filed and audited annual financial statements: Applicable to: As per Legal provision of Section 44(1) of CGST … first photo editing applicationWeb3 hours ago · 9. Levy of penalty of 100% of tax dues reflected in the Summary of the Order contained in Form GST DRC-07 vide Annexure-4 in the respective writ petitions are also in the teeth of the provisions of Section 73 (9) of the Act of 2024, wherein while passing an adjudication order, the Proper Officer can levy penalty up to 10% of tax dues only. first photo editing softwareWebJan 12, 2024 · GSTR-9: GSTR-9C: 1: Up to Rs 2 Crores: Optional: Not applicable: 2: More than Rs. 2 Crores and up to Rs. 5 Crores. Applicable: Not applicable: 3: More than Rs. 5 Crores: Applicable: Applicable: Table wise applicability of GSTR-9 for the F.Y,2024-20 would be as follows: Table: Particulars: first photo editing programWebApr 13, 2024 · The law says any invoice which is not an e-invoice (wherever applicable) is not a valid invoice at all. And on the basis of invalid invoice, neither e-way bill can be generated nor movement can be done. Also buyer is not eligible to avail ITC on such invalid invoice. ... GSTR-9: GSTR-9C: Late Fee Waiver. GSTR-10 Amnesty Scheme till 30 June … first photograph in historyhttp://caportal.saginfotech.com/blog/gstr-9c-annual-return-form-due-date/ first photographic imageWebAug 16, 2024 · GSTR-9C – Reconciliation statement. Form GSTR-9C has to be self-certified by the taxpayer instead of being certified by CA/ CMA. The relaxations … first photograph of a popeWebFeb 9, 2024 · File GSTR 9 & 9C in time – One of the most basic compliances is filing GSTR 9 & 9C within the due date, which will help the taxpayer to avoid interest, late fees, and notices from the department. Maintain 9 & 9C workings with links to all the relevant data. Avoid keyed-in workings. first photograph joseph nicephore niepce