GST Annual Return Filing

GST Annual Return Filing


GST annual return filing is mandatory for all businesses and individuals. GSTR 9: It is to file every year by all taxpayers who are registered under GST.



GST Annual Return

GST stands for Goods and Services Tax. It is a tax that is levied on goods and services to a person. It is a kind of indirect tax that replaced many other types of taxes. Finally, it is announced on 1st July 2017. Goods and Services Tax is mandatory certainlly for businesses.

Goods and Services Tax annual return filing is mandatory for all startup and well-grown businesses. GSTR 9: It is to file every year by all taxpayers who are registered under Goods and Services Tax. It includes details of all outgoing and incoming supplies throughout the year. GSTR- 1, GSTR -3B, or GSTR 4 must be filed before filing the GSTR 9.

Who should file an Annual Return?

  •         Taxpayers opting for composition scheme (They must file GSTR-9A)
  •         Casual Taxable Person
  •         Input service distributors
  •         Non-resident taxable persons
  •         Persons paying TDS under section 51 of the CGST Act

Consequently, the annual return due date is the 31st of march.

 Annual Return Types

  • GSTR 9: 

Accordingly, the commodities overreaching a turnover of 2 crores are needed to file GST annual return in form GSTR-9.

  • GSTR-9A: 

Likewise, registered taxpayers who own GST Composition scheme are required to file GSTR-9A.

  • GSTR- 9C: 

Form GSTR-9C is meant to file the taxpayers’ reconciliation statement about a particular economic year. Additionally, this form is a statement of reconciliation between the yearly returns in GSTR-9 and the formations mentioned in the taxpayers’ Audited financial statements.

Altogether, GSTR 9C involves the taxpayers who are directed to obtain an annual audit of their accounts. GSTR 9C must be trained and certified by a CA or Cost accountant. For example, GST audit is applicable for a person having GST registration with an annual entirety turnover of overhead two crores in a certain economic year.


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