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.
Legal Window can help you with the filing of annual return of GST just by following certain steps by providing the best assistance, timely delivery and guaranteeing the highest customer satisfaction. You may get in touch with our team on 072407-51000 or email email@example.com for GST Annual return.
Every 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
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.
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.
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.
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
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.
5. Information to Client
After submitting all the documents, the acknowledgement will be provided to the client via mail.
At Legal Window 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-
- Part I- Basic Details like GSTN and business legal name.
- Part II- Details of Outwards supplies during the year reported in GST.
- Part III- Details of ITC availed, reversed and declared in the GST returns during the year.
- Part IV- Details of Total Taxes paid during the year either by ITC or in cash.
- 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.
- Part VI- Other General information about business like Details of Refund claimed, HSN summary and Late fees paid during the year.
Due date for filling Annual return both GSTR-9 and GSTR-9A is 31st December of subsequent year.
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 on GST Annual Return
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.
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.
Yes, the values of GSTR-3B can be used for filing GSTR-9. A taxpayer can also edit the data flowing in from GSTR-3B except for Table No. 6A-Total amount of ITC availed.
Ans. The excess claimed credit in GSTR-3B can be reversed by reporting such amount in Table 4(B)2 of GSTR-3B of the subsequent month. The same can also be disclosed in Part V Point 12 of GSTR-9.
Ans. No, Every registered person except as specified in section 44(1) needs to furnish an annual return for every Financial Year.
Ans. The details in respect of the movement of stock, addition or consumption of stock is not required to be disclosed in the Annual return.
If the person has applied for surrender or cancellation of the registration in the year which has been accepted by the department and GST Registration Cancellation certificate has been issued, such supplier may not be able to file the Annual Return.
Ans. Following person do not required to file Return:
- Casual Taxable person
- Input Service Distributer
- Non Residence Taxable Person
- Person on which provision of TDS and TCS are applicable
Ans. Yes, an assessee should make a correct reporting under GSTR-9.
Ans. The missing outward supply details of GSTR-3B for the previous financial year should be correctly reported under Table 10 of GSTR-9. Such outward supply details should be net of credit/debit notes.
The late fee for not filing the GSTR 9 within the due date is Rs 100 per day, per act. That means late fees of Rs 100 under CGST and Rs 100 under SGST will be applicable in case of delay. Thus, the total liability is Rs 200 per day of default.
Annual return is required to be filed by all registered taxpayers under GST irrespective of the turnover of an entity.
GSTR-9C is a form which is required to be filled by supplier having aggregate turnover exceeding 2crore. GSTR-9C is an audit form required to be filled by supplier who required GST audit under GST provisions annually.