GSTR-9B: Eligibility, Due Date & Penalties

As per CGST Act, every taxpayer must file annual returns and taxes. All these annual returns consist of details related to purchases and sales that they made during the year. Besides, these annual returns contain other information about SGST, CGST, and IGST. As per Rule 80 of CGST, there are various annual returns such as - GSTR-9, GSTR-9B, GSTR-9A and GSTR-9C.

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In this article, we will get into the details of GSTR-9B and explain its online filing procedure, eligibility criteria, and other necessary aspects.

GSTR-9B is an annual return that is filed by e-commerce operators who are required to deduct Tax Collection at Source (TCS) under Section 52 of the Central Goods and Services Tax (CGST) Act, 2017. It is filed by those e-commerce operators who facilitate the supply of goods or services through their platforms where the actual sellers are different from the operators. GSTR-9B is a consolidated return that provides details of the supplies made through the e-commerce operator and the amount of TCS collected during the financial year. 

GSTR 8 is a monthly statement filed by e-commerce operators required to deduct TCS under Section 52 of the CGST Act. It contains details of supplies made through the e-commerce platform and the amount of TCS collected for each transaction. 

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As per the Goods and Service Act, it is important for every e-commerce taxpayer to file GSTR-9B who is registered under this Act. All e-commerce dealers must submit GSTR-9B excluding:

• Non-resident taxable people
• Input service distributors
• Casual taxable person
• Taxpayer paying TDS
• Taxpayers who use composition scheme in case they want to file GSTR 9A

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Now that you know the details of the annual return of GSTR-9B, let us find out the due date for filing this form.

It is necessary to file GSTR-9B within the due date to avoid unnecessary penalties and fines. One must file this form by 31st Dec after the end of a financial year. Therefore, every e-commerce taxpayer must adhere to the due date.

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If a taxpayer fails to file GSTR-9B before the due date, they will be charged with a late fine of ₹ 100 per day. It is subject to an amount maximum of which they calculate at 0.25% of the return’s turnover limit in the Union/ State Territory.

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This is all the information available on GSTR-9B, its eligibility criteria, due date and penalty. So, refer to it if you are an e-commerce company which needs to file this return. However, if it is difficult to file this form, you can also list down all your queries regarding the same and seek necessary assistance from a reliable source before filing this form.