Good news for taxpayers! The Goods and Services Tax (GST) portal has officially enabled the filing of Annual Return (GSTR-9) and Reconciliation Statement (GSTR-9C) for the Financial Year 2024-25.
Key Deadlines and Applicability:
- Due Date for Filing: The last date to file both GSTR-9 and GSTR-9C is December 31st, 2025. We urge all eligible taxpayers to file well in advance to avoid last-minute rush and potential late fees.
- GSTR-9 Applicability: This annual return is mandatory if your Aggregate Turnover is greater than Rs. 2 Crores.
- GSTR-9C Applicability: The reconciliation statement (GSTR-9C) is required if your Aggregate Turnover is greater than Rs. 5 Crores.
Late Filing Penalties:
To ensure timely compliance, please be aware of the late fee structure for delayed filings:
| S. No. | Class | Late fee per day | Cap |
| 1. | Upto 5 Crores | Rs. 50 per day | 0.04% of Turnover |
| 2. | >5 Crores to 20 Crores | Rs. 100 per day | 0.04% of Turnover |
| 3. | More than 20 Crores | Rs. 200 per day | 0.5% of Turnover |
Taxpayers can access the filing options, including “PREPARE-ONLINE” and “PREPARE OFFLINE” for GSTR-9, and “INITIATE-FILING” and “PREPARE OFFLINE” for GSTR-9C, directly on the GST portal.
Action Required:
All eligible taxpayers are advised to gather the necessary documents and proceed with their GSTR-9 and GSTR-9C filings before the deadline.
Source #GST Portal
