Attention GST Taxpayers: File Your Annual Returns for FY 2023-24
The Ministry of Finance has reminded all GST taxpayers to file their annual returns in FORM GSTR-9 and FORM GSTR-9C for the financial year 2023-2024 by 31st December 2024. Timely compliance will help taxpayers avoid late fees and penalties.
Income Tax Department shared Important reminder Tweet:
Who Needs to File FORM GSTR-9?
All GST taxpayers with an aggregate annual turnover exceeding ₹2 Crore during FY 2023-2024 are required to file FORM GSTR-9. However, there are some exceptions. The following categories are exempt from filing GSTR-9:
- Input Service Distributors (ISD)
- TDS Deductors
- TCS Collectors
- Casual Taxable Persons
- Non-Resident Taxable Persons
Who Needs to File FORM GSTR-9C?
FORM GSTR-9C is a self-certified reconciliation statement that must be filed by taxpayers whose aggregate annual turnover exceeds ₹5 Crore during FY 2023-2024. This form must accompany the annual return filed in GSTR-9.
Key Deadlines and Penalties
- The last date for filing GSTR-9 and GSTR-9C is 31st December 2024.
- Late Filing of these forms will attract late fees as per GST laws. To avoid penalties, ensure timely submission.
How to File GSTR-9 and GSTR-9C
Visit www.cagurujiclasses.com for practical courses
