Is the GST portal ready for filing GSTR-9 and GSTR-9C for FY 2024-25?
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Synopsis
The GST portal is now equipped for online filing of annual returns for FY 2024-25. Taxpayers must act swiftly to meet the December 31, 2025 deadline, ensuring compliance and smooth operations. Don't miss out on important details about the filing process and requirements!
Key Takeaways
- GST portal updated for FY 2024-25.
- Deadline for GSTR-9 is December 31, 2025.
- All registered taxpayers under the regular scheme must file GSTR-9.
- Form GSTR-9C required for taxpayers with turnover above threshold.
- Timely compliance is crucial to avoid penalties.
New Delhi, Oct 13 (NationPress) The Goods and Services Tax (GST) portal has been enhanced to facilitate the online submission of annual returns through Form GSTR-9 for the financial year 2024–25.
Taxpayers can also file their reconciliation statement using Form GSTR-9C. The final date for submitting the GSTR-9 annual return is December 31, 2025.
Given that this year’s filing period is shorter than the norm, taxpayers are encouraged to complete their submissions well ahead of time.
All registered taxpayers under the regular scheme, including SEZ units and SEZ developers, must file Form GSTR-9.
Additionally, those who transitioned from the composition scheme to the regular scheme within the year are also obligated to file this form.
Taxpayers under the composition scheme may submit their annual return through Form GSTR-9A.
However, individuals classified as casual taxpayers, non-resident taxpayers, Input Service Distributors (ISD), and OIDAR service providers are exempt from annual return filings.
The government may periodically notify exemptions for certain taxpayer categories regarding GSTR-9 filings.
Form GSTR-9C must be submitted by those whose total turnover exceeds the stipulated threshold during the financial year, as determined by the government.
These taxpayers are also required to have their accounts audited by a Chartered Accountant or Cost Accountant and must attach a copy of the audited annual accounts with their reconciliation statement.
“With the portal now operational, businesses and tax professionals can commence their preparations for annual GST filings for FY 2024–25, ensuring timely compliance,” experts advised.
GSTR-9 is an annual GST return due by December 31 of the year succeeding the financial year in question.
This form encompasses details regarding a business’s sales, purchases, and the GST that was paid or collected throughout the year.
All registered taxpayers under GST with an annual turnover exceeding Rs 2 crore are mandated to file the GSTR-9 return.
Point of View
The opening of the GST portal for annual return filings signifies a crucial step in ensuring timely compliance among taxpayers. The reduced filing window emphasizes the need for proactive engagement from taxpayers and their advisors, aligning with the government’s ongoing efforts to streamline tax processes.
NationPress
13/10/2025
Frequently Asked Questions
What is the deadline for filing GSTR-9 for FY 2024-25?
The deadline for filing GSTR-9 is December 31, 2025.
Who is required to file Form GSTR-9?
All registered taxpayers under the regular scheme, including SEZ units and those who transitioned from the composition scheme, must file Form GSTR-9.
Are there any exemptions for filing GSTR-9?
Yes, the government may exempt certain classes of taxpayers from filing GSTR-9 through notifications.
What is Form GSTR-9C?
Form GSTR-9C is a reconciliation statement that must be filed by taxpayers whose aggregate turnover exceeds the prescribed threshold during the financial year.
What is the significance of the GSTR-9 return?
GSTR-9 is an annual GST return that provides details of a business’s sales, purchases, and GST collected or paid during the financial year.
