How to File GST Annual Return

India began implementing it on July 1, 2017. Under the new GST regime, over 1.3 crore businesses in India have been registered and issued GST registration. GST-registered entities must file annual returns by the scheduled GST return due date.

GST annual return filing is required for all entities required to obtain GST registration with a turnover of more than two crores, regardless of business activity, sales, or profitability during the return filing period. As a result, even dormant businesses that obtain GST registration must file GST returns.

What is GSTR 9: Annual Return Filing?

GSTR 9 is the annual return that taxpayers registered under GST must file each year.
GSTR 9 must be filed yearly by GST-registered taxpayers. It contains information about the outward and inward supplies made during the fiscal year in question.
All GSTR-1, GSTR-3B, and GSTR-4 returns must be filed prior to filing GSTR 9. In the event of overdue payments, the GSTR registration holder will be unable to file an annual GST return.
GSTR 9 contains information about outward and inward supplies made or received during the relevant fiscal year under CGST, SGST, and IGST. It is a compilation of all monthly/quarterly returns filed during that fiscal year.

What details are required to be filled in the GSTR-9?

The GSTR-9 is divided into six sections and six parts. Each section requests information that is readily available from previously filed returns and books of accounts.
This form requests annual sales disclosure, distinguishing between cases subject to tax and those not subject to tax.
The annual value of inward supplies and ITC derived from them is to be disclosed.
These purchases must also be classified as inputs, input services, or capital goods. Details about ITCs that must be reversed due to ineligibility must be entered.

Who should file GSTR-9A?

GST registered taxpayer who has opted for composition scheme under the GST Act are required to file GSTR-9A. GSTR-9A includes all the information that is submitted by the taxpayer, furnished in the quarterly return during a specific fiscal year.

Who should file GSTR-9C?

Form GSTR 9C is intended for the submission of a taxpayer's reconciliation statement for a specific fiscal year. The form is a statement of reconciliation between the Annual Returns in GSTR-9 and the figures mentioned in the taxpayer's Audited Financial Statements. As a result, this CA-certified form must be filed along with the Annual Returns in GSTR-9 and the Audited Financial Statements. The obligation can be fulfilled through the GST portal or a Facilitation Centre. This article discusses the form's use and necessity.