Annual GST Compliance Opens: GSTR-9 and GSTR-9C Filing Now Live for FY 2024-25
The GST portal has officially enabled the functionality for filing the Annual Return (GSTR-9) and the Reconciliation Statement (GSTR-9C) for the Financial Year 2024-25.
Key Deadlines and Applicability
- Filing Deadline: The last date to file both GSTR-9 and GSTR-9C is December 31, 2025. Taxpayers are advised to file early to avoid the last-minute rush.
- GSTR-9 Applicability: Mandatory for all taxpayers with an Aggregate Turnover greater than ₹2 Crores.
- GSTR-9C Applicability: Mandatory for taxpayers with an Aggregate Turnover greater than ₹5 Crores.
Late Filing Penalties
Taxpayers who delay their filing beyond the deadline will be subject to late fees, which are capped based on their aggregate turnover:
| Class (Aggregate Turnover) | Late fee per day | Maximum Cap |
| Up to ₹5 Crores | ₹50 per day | 0.04% of Turnover |
| ₹5 Crores to ₹20 Crores | ₹100 per day | 0.04% of Turnover |
| More than ₹20 Crores | ₹200 per day | 0.5% of Turnover |
Taxpayers can access the filing options (“PREPARE-ONLINE” and “PREPARE OFFLINE”) directly on the GST portal to ensure timely compliance.
Source :- GST Portal