GST ANNUAL RETURN FILING

₹12000

For Business having turnover exceeding Rs.2 Cr. upto 5 Cr.

₹15000

For Business having turnover more than Rs.5 Cr. upto 10 Cr.

₹25000

Business having turnover exceeding Rs.10 Cr.

GST Annual Return Filing

Under new GST regime, every taxpayer/entities are required to file GST Annual Return as per the rules made thereunder. Since the GST was implemented w.e.f. from 1st July, 2017, the first Annual return was due for the F.Yr. 2017-18 and the due date of the same has already elapsed.
Hence at present, the GST Annual Return for the F.Yr. 2018-19 and onwards is due to be filed. The due date of filing of Annual Return is within 9 months from the end of the Financial year i.e. 31st Dec. but the due date keeps getting extended. The due date for the Annual Return of F.Yr. 2018-19 is extended till 30th Sept. 2020 due to Covid-19 difficulties.
Before filing of Annual Return, all the returns such as GSTR-3B and GSTR-1 should have been filed for the relevant Financial year.

Types of GST Annual Return

There are three types of Annual Returns which are to be filed for different taxpayers.
GSTR-9: All entities having GST registration are required to file GST annual return in form GSTR-9. However the same has been made optional for entities having turnover less than Rs. 2 Crore for the F.Yr. 17-18 & 18-19.

GSTR-9A: GST registered taxpayers who have opted for the GST Composition Scheme under Goods and Services Tax (GST) are required to file GSTR-9A. Also this Annual Return has been made optional for F.Yr. 2017-18 & 2018-19.

GSTR-9C: Form GSTR 9C is a reconciliation statement between the Annual Returns and the Audited Financial Statements of the taxpayer.For those entities whose annual turnover exceeds Rs.2 Cr. They are required to obtain Chartered Accountant certified annual reconciliation statement in Form 9C

DOCUMENTS REQUIRED FOR GST ANNUAL RETURN FILING

  1. Financial Statement of Taxpayer for the relevant F. Yr.
  2. GSTR-3B & GSTR-1 details of the Taxpayer for the relevant F.Yr.
  3. Complete details of all GST related ledgers i.e. output GST, Input GST, Tax paid etc.
  4. GST Audit Report in case of GSTR-9C from a Chartered Accountant or Cost Accountant.