Answer By law4u team
GSTR-9 is the annual return under the Goods and Services Tax (GST) system in India, which consolidates all the details of a taxpayer’s inward and outward supplies, tax paid, and input tax credit claimed during the financial year. Filing GSTR-9 is mandatory for all regular GST-registered taxpayers, except those who have opted for the composition scheme or are casual taxable persons. Specifically, a taxpayer whose aggregate turnover exceeds ₹2 crore in a financial year must file GSTR-9, though the threshold was earlier ₹5 crore and may vary slightly depending on GST notifications. The return must include details of outward supplies (sales), inward supplies (purchases), input tax credit claimed, taxes paid, and adjustments made during the year. Additionally, taxpayers with a turnover exceeding ₹5 crore are required to file GSTR-9C, which is a reconciliation statement certified by a Chartered Accountant or Cost Accountant, reconciling the annual return with audited financial statements. This ensures that all tax payments and ITC claims are accurate and match the taxpayer’s books of accounts. In short, all regular GST-registered taxpayers (except composition scheme taxpayers) must file GSTR-9, and those with turnover above ₹5 crore must also submit a certified reconciliation in GSTR-9C. This annual return ensures transparency, reconciliation, and compliance with GST provisions.
