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GSTR-9 or GST annual return filing for taxpayers registered under GST Scheme./p>
* GSTR-9 Form Filing
GSTR-9 is an essential annual filing obligation for all taxpayers registered under the Goods and Services Tax (GST) system. GSTR-9 encapsulates comprehensive information concerning outward and inward supplies, encompassing transactions made or received during the relevant financial year. This includes supplies governed by Central GST (CGST), State GST (SGST), and Integrated GST (IGST) regulations. The return is a consolidated record of all monthly or quarterly returns submitted within the corresponding year. At Tax zenith, we specialize in simplifying the process of GSTR-9 form filing. Recognizing that dealing with taxes can often be confusing, we aim to streamline the procedure and guide you through each step. Leveraging our expertise and user-friendly approach, you can confidently handle your GSTR-9 filings with accuracy. Make Tax zenith your partner in GSTR-9 filings. Get started today and experience a stress-free way to fulfill your tax responsibilities.
GSTR-9 is a yearly report that registered taxpayers need to submit. This report contains everything they bought and sold throughout the year, including different taxes (like CGST, SGST, and IGST). It also covers their total sales and purchases and audit details for the year. In short, GSTR-9 summarizes a whole year's business transactions and tax details. The GST annual return limit for businesses is Rs. 2 crore, but filing is optional for those with a turnover up to Rs. 2 crore.
The requirement to file Form GSTR-9 extends to various categories of taxpayers based on their registration status, GST annual return limit, and activities during the financial year. The following entities are obligated to submit this annual return: Normal Taxpayers: Individuals or entities registered as regular taxpayers fall under the purview of Form GSTR-9 filing. This encompasses businesses operating under standard tax provisions. SEZ Units and SEZ Developers: Special Economic Zone (SEZ) units and SEZ developers must also submit Form GSTR-9. This ensures comprehensive reporting of their financial activities within the fiscal year. Transition from Composition Scheme: Taxpayers who have transitioned from the composition scheme to normal taxpayer status during the financial year are mandated to file Form GSTR-9. This captures their shift from a simplified tax regime to a regular tax framework.
Composition Taxpayers: Taxpayers operating under the composition scheme have a distinct annual return form, i.e., Form GSTR-9A, designed to cater to their specific requirements. As such, they are not required to file Form GSTR-9. Casual Taxpayers: Those taxpayers who engage in sporadic or occasional business activities, everyday taxpayers, are exempt from filing the Annual Return in Form GSTR-9. Non-Resident Taxpayers: Taxpayers who are not residents of the country and engage in taxable transactions within India, non-resident taxpayers, are not obligated to file Form GSTR-9. Input Service Distributors (ISD) and OIDAR Service Providers: Entities functioning as Input Service Distributors or providing Online Information and Database Access or Retrieval services are also excluded from the requirement to file Form GSTR-9.
GSTR-9 Entities exceeding a turnover of 2 crores are mandated to file the GST annual return using form GSTR-9. This return compiles comprehensive financial information.
GSTR-9A
Registered taxpayers who opted for the GST Composition scheme must submit GSTR-9A. This tailored return addresses the specific needs of composition scheme participants.
GSTR-9C
Form GSTR-9C reconciles the taxpayer's annual returns in GSTR-9 with the figures found in their audited financial statements for the given financial year. This reconciliation statement is essential for entities requiring an annual account audit.
GST Audit Requirement GSTR-9C applies to taxpayers with an annual aggregate turnover exceeding two crores, necessitating an annual audit of their accounts. The preparation and certification of GSTR-9C are entrusted to Chartered Accountants or Cost Accountants. Applicability of GSTR-9A
GST-registered taxpayers who have chosen to operate under the composition scheme as per the GST Act are obligated to file GSTR-9A. This return encompasses all the taxpayer previously submitted information in their quarterly returns throughout the specific fiscal year.
Eligibility Criteria Every taxpayer registered under the composition levy scheme in GST must fulfill the GSTR-9A filing requirement. However, the subsequent individuals are exempt from filing GSTR-9A:
Input Service Distributors
Non-resident taxable individuals
Individuals are subject to Tax Deducted at Source under Section 51 of the Income Tax Act.
E-commerce operators are subject to Tax Collected at Source under Section 52 of the Income Tax Act.
Casual Taxable Individuals Role and Requirement of GSTR-9C Form GSTR-9C serves the purpose of filing the reconciliation statement by taxpayers for a specific financial year. This form constitutes a reconciliation between the Annual Returns submitted in GSTR-9 and the figures outlined in the taxpayer's Audited Financial Statements. The submission of this Chartered Accountant-certified form aligns with the filing of both the Annual Returns in GSTR-9 and the Audited Financial Statements. Taxpayers can fulfill this obligation through the GST portal or a designated Facilitation Centre.
Eligibility Criteria
GSTR-9C applies to taxpayers who are mandated to undergo an annual GST audit of their accounts. The form must be meticulously prepared and certified by a qualified Chartered or Cost Accountant. The GST annual return due date for a particular financial year is 31st December of the subsequent financial year or as extended by the Government through notification from time to time. Every taxpayer needs to submit the GSTR-9 form within the GST annual return due date. If this GSTR 9 due date is missed, there's a significant penalty to be aware of. The fine amounts to 200 INR per day. This late fee is divided into 100 INR for CGST and 100 INR for SGST, with no late fee applicable for IGST. Significantly, the penalty amount will not exceed the taxpayer's quarterly turnover.
It's crucial to meet the GSTR 9 due date to avoid these penalties and ensure smooth compliance with tax regulations. Call us now! GSTR-9 Format Explained
The GSTR-9 format is divided into six parts, each capturing vital details of supplies made or received from July '17 to March '18. The key aspect to remember is that the information required in all six parts is consolidated.
Part-1: Basic Registration Details
Here, you'll provide basic registration information. This includes the fiscal year, GSTIN, legal name, and trade name. These details will be automatically filled out when GSTR-9 is available on the GST portal.
Part 2: Details of Outward Supplies
In this part, you'll consolidate details of outward supplies declared in your returns for the financial year. It's further split into two sections:
Supplies on which tax is payable (4A to 4L): This covers taxable supplies, exports, supplies to SEZ, reverse charge, and advances received.
Supplies on which tax is not payable (5A to 5K): This includes exports, exempt supplies, nil-rated supplies, and non-GST supplies.
Part 3: Input Tax Credit (ITC)
This part has three sections:
ITC availed as declared in returns filed (6A to 6O): Breakdown of ITC availed on various inward supplies.
ITC reversed and ineligible ITC (7A to 7H): Details of ITC reversed and ineligible ITC.
Other ITC-related information (8A to 8J): Information related to ITC as per GSTR-2A, reclaimed ITC, and more.
Part-4: Tax Paid
Here, you'll capture the tax paid as declared in the previous year's returns. Breakup of tax payable, paid in cash, and paid through ITC is required.
Part-5: Transactions of Previous Financial Year
This part covers transactions from the previous financial year but is declared in the returns of April to September of the current financial year.
Part-6: Miscellaneous Details
In this part, you'll provide details about demands, refunds, supplies from composition dealers, an HSN-wise summary of supplies, and late fee information.
Understanding and correctly filling these parts is crucial for accurate GSTR-9 filing. If this seems overwhelming, don't worry! At Tax zenith, we're here to simplify the process and guide you step by step. With our support, you can confidently navigate the GSTR-9 form and ensure accurate compliance with GST regulations. Before proceeding with the submission of GSTR-9, taxpayers must ensure the completion of other GST-related filings. This involves the timely submission of GSTR-1, GSTR-3B, or GSTR-4 returns, depending on the taxpayer's classification. It is crucial to address any outstanding dues, as failure to do so can hinder the ability of the GSTR registration holder to file their annual GST return.
At Tax zenith, we offer comprehensive assistance for all your GST filings. Our experts can guide you through the entire process, from GSTR-1 to GSTR-9, ensuring that all your filings are accurate and timely. Navigating the intricacies of tax filings can be overwhelming, but Tax zenith is here to simplify the process. We provide comprehensive support to make GSTR-9 form filing a breeze:
Expert Guidance: Our team of tax experts is well-versed in GST regulations. We guide you step by step through the GSTR-9 form, ensure filing before GSTR 9 last date with accuracy.
Data Verification: We ensure the accuracy of your data before submission. This reduces the chances of errors that could lead to penalties.
Timely Reminders: Our system sends you timely reminders so you don't miss important deadlines. You'll stay informed and avoid late filing penalties.
Support at Every Step: Have questions? Our customer support team is here to help. Whether you're unsure about a field or need clarification on a concept, we've got you covered.
Comprehensive Services: We go beyond just form-filling. We assist with data compilation, calculations, and ensuring all necessary information is included.
With Tax zenith by your side, you can file your annual return form before GSTR 9 last date with confidence, knowing that you have a reliable partner guiding you through the process.
Ready to simplify your GSTR-9 filing? Let Tax zenith be your trusted partner in tax compliance. Get started today and experience a stress-free way to fulfill your obligations.
Take the hassle out of GSTR-9 filing. Contact us now! Tax zenith is a leading business service platform in India; we offer end-to-end GST services. We have helped thousands of business owners to get GST registration, as well as file GST returns. Outsource your GST compliance to Tax zenith to ease your compliance burden and focus your efforts on growing your business. With Tax zenith, your GST compliance will be maintained on the LEDGERS GST platform, providing you access to live business data - anywhere, anytime. LEDGERS can also seamlessly sync and work with other online and offline applications you regularly use
When GST return filing is outsourced to Tax zenith, a dedicated GST advisor is assigned to the business.
This dedicated advisor would reach out to you every month and collect the necessary information, prepare the GST returns, and help in filing the GST returns.
Dedicated GST Advisor
A relationship manager with experience in the sector that you operate in will guide you through the process of GST registration and filing. They will help with specific tasks such as uploading invoices and also ensure that your filing is taken care of on time.
Reminder to file GST returns
Our platform ensures that you get timely reminders well in advance of the deadline beyond which penalty will be applicable. In addition to this, your GST advisor will remind you periodically so that no deadlines are missed.
Monthly GST Status reports
Monthly reports detailing the status of GST return filing, including GSTR- 3B and the way forward, will be shared with the clients by the GST advisors.
GST returns by LEDGERS
GST returns are prepared by LEDGERS- the GST software so that it is error-free and filed on time without hassles.
Standard accounting and cloud records
All of your financial transactions and invoices will be recorded in LEDGERS by accountants so that the filing of all your returns, including ITR, TDS, and GST, is seamless and cost-effective In addition to the GST advisor support, LEDGERS GST Software will be provided to the client for GST invoicing, payments, returns filing, and accounting.
Some of the features of LEDGERS are:
Customer management
Supplier management
GST Invoicing
Estimate issuance & tracking
Accounts receivables tracking
Purchase register
Payments tracking
Payables management
Automated GST return filing (GSTR-1, GSTR-3B)
Automatic Input Tax credit reconciliation
GST E-way bill generation & management
ICICI bank integration
Ensure your business stays compliant and avoids penalties by filing your GST returns on time with Tax zenith. Talk to our experts today to start and experience hassle-free filing with expert assistance every step of the way.
Filing GSTR-9A: Composition Scheme Participants
Filing GSTR-9C: Reconciliation Statement
GSTR 9 Due Date for Filing
Penalties for Late Filing of GSTR-9 Form
Comprehensive Structure of GSTR-9
Prerequisite Actions for GSTR-9 Filing
How Tax zenith Can Assist with GSTR-9 Form Filing
How do you file the GST returns?
Applicant's Name: The name of the individual, company, or entity applying for the trademark registration.
Business Type: Specify the type of business entity, such as sole proprietorship, partnership, private limited company, etc.
Business Objectives: Provide a brief description of your business objectives or activities.
Brand/Logo/Slogan Name: Clearly mention the name, logo, or slogan that you intend to trademark.
Registration Address: Furnish the official address of the entity applying for the trademark.
In addition to these details, you will be required to submit the following documents to complete the trademark registration online, or even logo trademark registration process:
Outsource GST Compliance to Tax zenith
Product Mark
This type of trademark is affixed to goods or products, aiding in identifying their origin and preserving a company's reputation. Trademark applications falling under classes 1-34 are typically classified as product marks as they pertain to tangible commodities.
Service Mark
Similar to a product mark, a service mark is used to identify services rather than physical products. Service marks primarily help differentiate the providers of certain services from others. Trademark applications falling under classes 35-45 are often regarded as service marks related to service offerings.
Collective Mark
A collective mark conveys specific characteristics of products or services associated with a particular group. It allows individuals or entities to protect and represent goods and services collectively. The trademark holder may be an association, a public institution, or a Section 8 corporation.
Certification Mark
The owner issues these marks to indicate information about a product's origin, composition, quality, or other pertinent data. Certification marks establish product standards and assure consumers that the product meets standardized quality benchmarks. They are commonly found in packaged goods, toys, and electronics.
Shape Mark
Shape marks are employed to secure the distinct shape of a product, making it easily recognizable to consumers as originating from a specific manufacturer. Registration is contingent on the shape being deemed distinctive.
Pattern Mark
Pattern marks are used for products featuring unique, designed patterns that serve as distinguishing features. To qualify for registration, these patterns must stand out as distinctly recognizable.
Sound Mark
Sound marks are distinctive sounds associated with products or services from suppliers. Sound logos, often known as audio mnemonics, are commonly heard at the beginning or end of commercials. An example in India is the IPL tune.
These diverse categories of trademark registrations like logo trademark registration offer businesses and entities the flexibility to protect their brand identity following their unique offerings and market presence.
Choosing the Correct Trademark Class
Trademark classes are a critical aspect of the registration process, as they categorize goods and services into 45 distinct classes. To register a trademark, you should carefully select the appropriate class because it determines the validity of your trademark registration online concerning your business's products or services. If your company operates across various areas falling into different classes, it's crucial to ensure that you apply for a trademark under all the relevant classes.
In India, some commonly chosen trademark classes to register a trademark include:
Class 9: Encompassing computer software and electronics
Class 25: Covering clothing
Class 35: About business management and advertising
Class 41: Related to education and entertainment
Trademark search
Before registering the trademark, conducting a comprehensive trademark search is of paramount importance. This step is critical to safeguard the integrity and exclusivity of your brand. An online trademark search entails furnishing the brand name and the relevant class for scrutiny. This meticulous search aids in identifying pre-existing trademarks in the market, enabling the assessment of potential conflicts and, ultimately, ensuring the protection of your brand. Tax zenith provides online trademark search tools and support to facilitate this pivotal process, assisting you in making informed decisions regarding your trademark or brand name registration.
Required Documents & Details for Online Trademark Registration
To initiate the trademark registration online or brand name registration process in India, you will need to furnish the following initial details:
Applicant's Name: The name of the individual, company, or entity applying for the trademark registration.
Business Type: Specify the type of business entity, such as sole proprietorship, partnership, private limited company, etc.
Business Objectives: Provide a brief description of your business objectives or activities.
Brand/Logo/Slogan Name: Clearly mention the name, logo, or slogan that you intend to trademark.
Registration Address: Furnish the official address of the entity applying for the trademark.
In addition to these details, you will be required to submit the following documents to complete the trademark registration online, or even logo trademark registration process:
Applicant Type
Required Documents
Individuals
PAN card
Aadhar card
Proprietorship
GST certificate
PAN card
Aadhar card
Company
Incorporation certificate
Company PAN card
MSME Certificate (if applicable)
Logo (if applicable)
Partnership Firms
Partnership deed
Partnership PAN card
MSME registration certificate
Logo (if applicable)
Limited Liability Partnerships (LLPs)
LLP deed
Incorporation certificate
LLP PAN card
LLP PAN card
Benefits of choosing Tax zenith for the GST returns
The Vienna Codification Process
The Vienna Classification, also called the Vienna Codification, is an international system that categorizes the figurative elements of trademarks. After filing the trademark registration application, the Trademark Registrar will apply the Vienna classification to the trademark's figurative elements.
Trademark Examination
After completing the Vienna Codification, the trademark registration application will be assigned to a Trademark Registrar's officer. The officer will assess the application for accuracy and generate a trademark examination report. Based on this report, the officer can accept the application, allow it for trademark journal publication, or raise objections to the registration process.
In the event of objections, the applicant can address the concerns before the Trademark Officer. If the officer finds the justifications satisfactory, the trademark will be approved for publication in the Trademark Journal.
Trademark Journal Publication
Once the Trademark Registrar accepts the application, the trademark will be published in the Trademark journal. This journal, published weekly, contains details of all trademarks the Registrar receives. Members of the public have the opportunity to raise objections if they believe the trademark registration could harm their interests. If no objections are submitted within 90 days of publication, the trademark will be registered within 12 weeks.
Trademark Hearing
A Trademark Hearing Officer will schedule a hearing if a third party objects to the application. Both the applicant and the opposing party have the chance to present their arguments. Based on the hearings and evidence, the Trademark Hearing Officer will decide whether to accept or reject the brand registration application.
Trademark Registration
In cases where no objections or oppositions are raised, the trademark registration certificate will be prepared and issued. A trademark is officially considered registered when the Trademark Registration Certificate is issued, granting the owner exclusive rights to the mark. For example, a logo trademark registration will be approved if it doesn't receive any objection or opposition.
At this point, the ® symbol can be added to the logo or trademark.
Trademark Objection
Trademark objections are typically one of the initial stages in the trademark registration process. Instead of outright denial, the Registrar seeks valid reasons or explanations regarding the trademark's registrability.
Trademark Opposition
Trademark opposition occurs when a third party files an objection against registering a trademark. The Registry accepts oppositions from any natural or legal person, including individuals, businesses, partnership firms, and trusts.
Trademark Renewal
After successfully registering your trademark, it remains valid for ten years from the filing date. To ensure the continued protection of your trademark, it is imperative to renew it every ten years. This continual renewal of your brand name registration secures your marks from misuse or exploitation
LEDGERS GST Software
Trademark Search
Please start the process by providing us with essential information about your desired trademark and industry. Our experts will thoroughly search the trademark database to determine its availability. Once we identify an available brand, we move on to the next step.
Class Selection and Document Collection
Our professional experts will guide you in selecting the appropriate class or classes that comprehensively cover all aspects of your business. Concurrently, you can begin uploading the documents required for the online trademark registration.
Trademark Application Filing
Upon receiving your documents, our expert team will verify their accuracy and completeness. We then complete the trademark application form on your behalf, ensuring all required documents are submitted correctly. Throughout this process, we maintain transparency and keep you informed, monitoring notifications from the Trademark Registry until the trademark or brand name registration is completed.
Congratulations! Once the application is submitted, you can start using the ™ symbol
Trademark Objection (if applicable)
In cases where the trademark examiner raises questions about your application, you may receive a trademark objection notice. Our experts can aid you in crafting a robust response and submitting the necessary documents and evidence.
We keep you informed about the status of your application and help you navigate any oppositions or hearings. After successful registration, Tax zenith can help with trademark renewal, trademark assignment, licensing, and any other post-registration services you may require.
Are you ready to protect your brand and secure your trademark in India? Take the initial step in safeguarding your business identity by obtaining Trademark Registration or logo trademark registration through Tax zenith. Brand registration with the help of Tax zenith, you can rest assured that your brand is in capable hands. Don't delay any longer ensure the validity and exclusivity of your trademark today. Get started with Tax zenith and safeguard your valuable intellectual property rights.