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GST Annual Return

GST Annual Return Staring from ₹ 4,000/-
 
  • Filing GST annual return
  • Annual return
  • Financial year
  • File prescribed forms
  • Professional’s advice
  • Secure and simple online procedure

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Introduction

Annual return is to be filed by all registered taxpayers under GST. It is an annual compilation of outward supplies, inward supplies, tax liability and input tax credit availed during a financial year. It is due to be filed by 31st December of the year following the particular financial year.

It is basically a compilation of all the returns of GST filed during the year and also contains the adjustments done during the year. If any transaction missed from being filed during the year then as per the Act we can claim it till September of next FY, then such details will also be reported in Annual return so that according to that assessment can be done for the business.

Eligibility
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Eligibility

very registered person under GST is required to file Annul return in form GSTR9, GSTR-9A, GSTR9B except following person:
  • Casual Taxable person
  • Input Service Distributer
  • Non Residence Taxable Person
  • Person on which provision of TDS and TCS are applicable
Documents
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Documents Required

  • Login details
    ID and password of GST
  • Turnover details
    Details of purchase (including exempt, reverse charge)
    Details of sale (including exempt, zero rated, supply to unregistered person)
GST Annual Return
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GST Annual Return

GSTR-9: GSTR-9 is a form which is required to be filled by normal taxpayer (i.e other than person registered under composition scheme) annually.

GSTR-9A: GSTR-9A is a form which is required to be filled by taxpayer registered under composition scheme annually

GSTR-9B: GSTR-9B is a form which is required to be filled by supplier supply their goods and services though electronic mode called E-commerce operator annually.

Process
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Procedure

1. Complete the Application Form

You are requested to first fill the simple questionnaire provided by our expert team which will enable us to know the return filing status of GST.
Direction Arrows
Step 01

2. Document Processing

At the second step you will be required to produce the documents in accordance with the questionnaire filled based upon which case will be dealt so that we can arrange them as per the requirement and for further processing.
Step 02

3. Preparation of form filing

After arranging the documents we will begin with the processing of the bills and returns form filed for the year and all the details in GSTR9 will be based on the monthly and quarterly returns filed by the client
Step 03

4. Submission of GST Annual Return

After verification of all the data provided, the professional will discuss the matter with the clients and after the approval will file the GST Annual Return on the GST Portal.
Step 04

5. Information to Client

After submitting all the documents, the acknowledgement will be provided to the client via mail.
Step 05
Additional
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Additional Information

At Firm Registration we take proper care while preparing the documents and ensure that the client is well informed about the process of his working.

Contents of GSTR 9

GSTR 9 is divided into 6 parts and 19 sections, each part contains the details which we have already filed in our previous GST returns (GSTR3B, GSTR1, GSTR2A)

The contents are as follows-

  1. Part I- Basic Details like GSTN and business legal name.
  2. Part II- Details of Outwards supplies during the year reported in GST.
  3. Part III- Details of ITC availed, reversed and declared in the GST returns during the year.
  4. Part IV- Details of Total Taxes paid during the year either by ITC or in cash.
  5. Part V- Particulars of the transactions for the previous FY declared in returns of April to September of current FY or up to date of filing of annual return of previous FY whichever is earlier.
  6. Part VI- Other General information about business like Details of Refund claimed, HSN summary and Late fees paid during the year.

Due Dates

Due date for filling Annual return both GSTR-9 and GSTR-9A is 31st December of subsequent year.

 

Penalty

As per section 47(2) late fee would be Rs 200 per day (i.e. 100 CGST and 100 SGST) during which such failure continuous subject to a maximum of 0.25% of turnover

Faq's
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FAQ's On GST Annual Return

Is GSTR-9 is mandatory ?

Ans. GSTR 9 is mandatory annual return to be filed by every taxpayer registered as normal taxpayer during the financial year. It consists of details regarding the outward and inward supplies made/received during financial year.

What is the difference between GSTR 9 and 9C ?

GSTR-9 is the annual return to be filed by every GST registered taxpayer irrespective of their turnover. While GSTR-9C is the reconciliation statement to be submitted by those GST registered taxpayers to whom GST audit applies. GST Audit applies to those taxpayers whose turnover exceeds Rs. 2crores.

Which person are not required to file Annual Return?

Ans. Following person do not required to file Return:

  1. Casual Taxable person
  2. Input Service Distributer
  3. Non Residence Taxable Person
  4. Person on which provision of TDS and TCS are applicable
Can I ratify mistakes done in GSTR-3 in GSTR-9?

Ans. Yes, an assessee should make a correct reporting under GSTR-9.

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