GST  ANNUAL  RETURN  FILING

Who should file GSTR 9?

GST annual return filing is mandatory for all entities with a turnover of more than two crores.

What is GSTR 9: Annual Return filing?

GSTR 9 is the annual return that is to be to be filed yearly by the taxpayers registered under GST.

It consists of details regarding the outward & inward supplies, Input taken and tax paid during the relevant financial year.

Who is not required to file GSTR-9?

 The following registered persons are NOT required to file GSTR 9:

• Taxpayers opting composition scheme, they must file GSTR-9A
• Casual Taxable Person
• Input service distributors
• Non-resident taxable persons
• Persons paying TDS under section 51 of CGST Act.

What is GST annual return due date?

The due date for filing Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) is 31st December of the next financial year.

GST annual return types:

GST annual return filing can be divided into three types based on the form to be filed as under:

GSTR 9

The entities exceeding a turnover of 2 crores are required to file GST annual return in form GSTR-9.

GSTR-9A

Registered taxpayers who have opted for the GST composition scheme are required to file GSTR-9A.

GSTR-9C

Form GSTR-9C is meant to file the taxpayer's reconciliation statement about a particular financial year. This form is a statement of reconciliation between the annual returns in GSTR-9 and the figures mentioned in the taxpayer's audited financial statements.