GST Annual Return Service/GST Annual Filing
₹ 2,000/- onwards
Enquiry Form
GST Filing
GST Annual Return
All the taxpayers registered under GST are required to file their annual return in form GSTR 9 . It is a consolidation of all the monthly/quarterly returns filed in that year.
Due Date: 31st December of next financial year
Documents
Documents Required
GST portal
GST portal User name & Password
Tally back up
Tally back up if any
Digital signature
Digital signature of authorised person
How Does it Work?
Submission of required Documents to WTC Team through E-mail
Our dedicated professional would review & start working on it
Our team will send you email of draft GSTR 9 & audit points if any
Complete GST deliverables will be sent to your E-mail for your records
Complete GST deliverables will be sent to your E-mail for your records
GST Annual Return Cost
- Turnover less than Rs.2 crores
GST Annual Return – GSTR 9 & GSTR 9C
GSTR -9
What is GSTR -9 – GST Annual Return Filing ?
Who should File GSTR 9?
Exempt
Who are exempt to file GSTR 9?
Taxpayers registered under the composition scheme
Taxpayers who have opted for the composition scheme under GST do not need to file GSTR-9. Instead, they are required to file GSTR-9A, which is a simplified annual return form specifically designed for composition scheme dealers.
Casual taxable persons and non-resident taxable persons
Individuals or businesses registered under the GST as casual taxable persons or non-resident taxable persons are not required to file GSTR-9.
Input Service Distributors (ISD)
ISDs, who distribute input tax credit (ITC) to their branches or units, are exempted from filing GSTR-9.
Taxpayers with an aggregate turnover below the threshold
Taxpayers whose annual aggregate turnover does not exceed the specified threshold are not required to file GSTR-9. The threshold limit for filing GSTR-9 is decided by the government and may vary from year to year.
Government departments and Public Sector Undertakings (PSUs)
Government departments and PSUs, unless they are specifically notified by the government, are not required to file GSTR-9. It’s important to note that while these categories may be exempted from filing GSTR-9
Government departments and Public Sector Undertakings (PSUs)
They are still required to comply with other applicable GST requirements, such as filing regular monthly or quarterly returns (such as GSTR-1, GSTR-3B) or any other applicable forms as per their respective categories.
Due Date for GSTR 9
Due Date for GSTR 9
The following are the key details that need to be provided in GSTR-9
What details are required to be filled in the GSTR-9?
Basic information
This includes the taxpayer's name, GSTIN (Goods and Services Tax Identification Number), and the financial year for which the return is being filed.
Outward supplies (sales)
Details of all outward supplies made during the financial year need to be provided. This includes both taxable and exempt supplies. The information should be reported based on the HSN (Harmonized System of Nomenclature) code or SAC (Services Accounting Code).
Inward supplies (purchases)
The taxpayer needs to provide details of all inward supplies received during the financial year, including both taxable and exempt supplies. The information should be categorized based on the HSN code or SAC.
Consolidated summary of input tax credit (ITC)
The taxpayer needs to provide a summary of the input tax credit availed during the financial year. This includes ITC availed on inward supplies, reverse charge mechanism, and ITC reclaimed, if any.
Details of tax paid
The taxpayer needs to provide the details of tax paid during the financial year, including tax paid through cash, utilization of ITC, and any other modes of payment.
HSN/SAC-wise summary of supplies
A summary of supplies made, categorized based on the HSN or SAC, needs to be provided. This includes details such as quantity, unit of measurement, taxable value, and tax amount.
Reconciliation of turnover
The taxpayer needs to reconcile the turnover declared in the annual return with the turnover declared in the monthly or quarterly returns, such as GSTR-1 and GSTR-3B.
Other additional information
The form may require the taxpayer to provide additional information, such as details of advances received, outstanding dues, demands, refunds, etc.
Types of GST
What are the Types of GST Annual Return?
|
Type |
Applicability |
Nature |
Due Date |
|
GSTR-9 |
This is the standard annual return form applicable to regular taxpayers who are not registered under the composition scheme |
It consolidates the details of outward supplies, inward supplies, input tax credit (ITC) availed, and tax liability for the financial year |
December 31st of the subsequent financial year |
|
GSTR-9A |
This annual return form is specifically designed for taxpayers who have opted for the composition scheme under GST |
It requires the summary of turnover, tax liability, and ITC details for the financial year. |
December 31st of the subsequent financial year |
|
GSTR-9C |
This is a reconciliation statement-cum-certification form that needs to be filed by taxpayers whose annual turnover exceeds a specified threshold (currently INR 2 crores) |
It involves a reconciliation of the financial statements with the annual return and requires certification by a Chartered Accountant or Cost Accountant. |
December 31st of the subsequent financial year |
|
GSTR-9B |
This annual return form is applicable to electronic commerce operators (ECOs) who are required to collect tax at source (TCS) under GST |
GSTR-9B involves the consolidation of the details of outward supplies, inward supplies, and TCS collected during the financial year. |
December 31st of the subsequent financial year |
What are the Interest and penalties for non-filing or late filing of GST annual return?
Interest
In addition to the late fee, interest is applicable on the outstanding tax liability resulting from the late filing of GST annual returns. The interest is calculated at the rate of 18% per annum on the tax liability from the due date of filing the annual return until the date of actual payment.
FAQ's
FAQ for GST Annual Filing
01. What is GST annual filing?
02. Who is required to file GST annual returns?
03. What are the consequences of not filing or late filing GST annual returns?
04. What are the due dates for GST annual filing?
05. What documents or information are required for GST annual filing?
To file GST annual returns, you typically need to provide details such as your GSTIN, turnover, outward supplies (sales), inward supplies (purchases), input tax credit availed, tax paid, and HSN/SAC-wise summary of supplies. It is important to maintain accurate records throughout the year to facilitate the annual filing process.
