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Who needs to file GST annual return by December 31, 2024?

Who needs to file GST annual return by December 31, 2024?

Last updated on: August 4, 2025 at 12:32 PM

As the GST annual return filing deadline 2024 approaches for filing the Goods and Services Tax (GST) annual return for the fiscal year 2023-24, it’s crucial for businesses to understand their obligations to ensure compliance and avoid penalties.

Who Is Required to File GSTR-9?

GSTR-9 is the annual return that consolidates all monthly or quarterly GST returns filed during the financial year. The following entities are mandated to file GSTR-9:

  • Regular Taxpayers: All businesses registered under GST, except those under the composition scheme, must file GSTR-9.
  • E-commerce Operators: Entities facilitating online sales are also required to file the annual return.

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Exemptions from Filing GSTR-9

Certain categories are exempt from filing GSTR-9:  

  • Composition Scheme Taxpayers: Businesses registered under the composition scheme are not required to file GSTR-9.
  • Casual Taxable Persons and Non-Resident Taxable Persons: These entities are exempt from the annual return filing.
  • Input Service Distributors and Persons Liable to Collect TDS/TCS: Such entities are not required to file GSTR-9.
Penalty notice and calculator illustrating consequences of missing the GSTR-9 deadline

Consequences of Missing the Deadline

Failing to file GSTR-9 by the December 31, 2024, deadline can result in: 

Late Fees

A penalty of ₹200 per day (₹100 each under CGST and SGST) is applicable, subject to a maximum of 0.5% of the taxpayer's turnover in the relevant state or union territory.

Interest

An interest rate of 18% per annum may be levied on any outstanding tax liability.

Steps to File GSTR-9

  • Access the GST Portal

    Log in to the GST portal using your credentials.

  • Navigate to Annual Return

    Under the 'Services' tab, select 'Returns' and then 'Annual Return.'

  • Select the Financial Year

    Choose the fiscal year 2023-24 for which you're filing.

  • Prepare the Return

    Fill in the required details, ensuring accuracy and completeness

  • Preview and Submit

    Review the information before submitting the return.

  • File with DSC or EVC

    Complete the filing using a Digital Signature Certificate (DSC) or Electronic Verification Code (EVC).

Recommendations for Timely Compliance

  • Early Preparation: Begin gathering necessary documents and reconciling accounts well before the deadline. 
  • Regular Updates: Stay informed about any changes in GST laws or filing procedures.
  • Seek Professional Assistance: Consult with tax professionals to ensure accurate and timely filing.

By adhering to these guidelines, businesses can fulfill their GST obligations efficiently and avoid potential penalties.

By preparing early and understanding the GST annual return filing deadline 2024, businesses can ensure timely compliance and avoid costly mistakes