GSTR 9 is the GST annual return in Karnataka that is to be done once a year by the regular taxpayers which also includes the SEZ units and the SEZ developers. The taxpayers are then required t furnish all the purchase details, the sales, input tax credit or the claimed refund, or the created demand in this return.
GSTR 9 Form is filed by every person who is a registered taxpayer, SEZ units, or SEZ developers and the taxpayers who have switched from the composition scheme to the normal tax any time during the financial year has to file the GST annual return in Karnataka.
Composition scheme taxpayers can file the GST annual returns in Karnataka in Form GSTR 9A.
Also, the casual taxpayers the non-resident taxpayers, OIDAR service providers are not required to file the GST annual returns in Karnataka.
Before the GST annual return filing in Karnataka:
The taxpayer is required to have an active GSTIN during the relevant year as a normal taxpayer.
The taxpayer is required to file all the returns that apply to the GSTR 1 and the Form GSTR 3B for the financial year that is relevant before the GST annual returns filings.
Form GSTR 9 is broadly divided into 6 parts and 19 sections. In this, each part asks for the details that are available readily from the returns that are filed previously and the books of accounts.
GST annual returns in Karnataka is the disclose of annual sales by bifurcating in two categories one of which is subjected to tax and not subjected to tax.
The details of the annual value of the inward supplies and the input tax credit that is availed need to be mentioned.
Further, all the purchases need to be classified as inputs, input services, and capital goods. The details of the Input tax credit that is to be reversed due to the ineligibility also need to be mentioned.
In case if the GST annual returns in Karnataka are not filed within the stated time then there is a penalty of Rs.100 per day according to the Act. There is a late fee of Rs.100 under CGST and Rs. 100 under SGST.
The total liability Is Rs. 200 per day on the default. There is no late fee on the IGST yet.
IndiaFilings has over 1 lakh customers and we have completed over 7 lakh services through our platform. At IndiaFilings, we take pride in the services delivered by us and guarantee your satisfaction with our services and support. We constantly improve and strive to deliver the best accounting, financial or secretarial services through the internet.
Last updated: Apr 19, 2023
One Person Company | Nidhi Company | Company Registration | Tax Notice | Indian Subsidiary | HSN Code | Section 8 Company | Trademark Search | USA Company Registration | FSSAI Registration | Import Export Code | ESI Registration | Proprietorship | GST Return Filing | Patta Chitta | PF Registration | Payroll | Business Tax Return Filing | PF Return Filing | Eway Bill | GST Registration | TDS Filing | Udyam Registration | Trademark Registration | Startup India Registration | Professional Tax | Personal Tax Filing | Check Company or LLP name Availability
Partnership | Limited Liability Partnership | Digital Signature | Copyright Registration | Unified Portal | PAN Card Download | Nadakacheri | Flipkart Seller | Caste Certificate | IAY | EPFO Passbook | Domicile Certificate | Udyog Aadhaar | PF Withdrawal | Karnataka One | Encumbrance Certificate | Bonafide Certificate | Instant PAN Card | E PAN Card | Income Certificate | Marriage Certificate | Passport Renewal | Nivesh Mitra | MSME Registration | Experience Certificate | Trademark Status | Trade License | Domicile | eMitra | UAN | PICME | Resignation Letter Format | Ration Card | TNREGINET | RAJSSP | LLP Compliance | Form 16 | Police Clearance Certificate | OBC Certificate | Jamabandi | Mee Bhoomi | SC Certificate | UAN Login | eAadhaar Download | Linking Aadhaar To Bank Accounts | mAadhaar | Aadhaar Enrollment Centre | UAN Passbook | Amazon How to Sell | PAN Card Apply | EPFO Unified Portal
We are available
Gst Annual Return In Karnataka FAQ's
Is there any penalty for not filing GSTR9 in Karnataka?
What is the penalty for not filing GST annual returns in Karnataka?
What is the maximum amount that can be fined as a penalty for not paying GST annual returns in Karnataka?
Can an individual file GSTR 9 offline?