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GST Annual Return

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What is GST Annual Return?

GST has been implemented in India from 1st July, 2017. Under the new GST regime, over 1.3 crore business in India have been registered and issued GST registration.All entities having GST registration are required to file GST annual returns, as per the GST return due date schedule mentioned below. GST annual return filing is mandatory for all entities having GST registration, irrespective of business activity or sales or profitability during the return filing period. Hence, even a dormant business that obtained GST registration must file GST return.

Pay as you Grow !

Income tax return filing for an individual with salary income of less than 5 lakhs.
Rs. 2499 /- Inclusive of all charges
Income tax return filing for an individual with salary income of less than 5 lakhs.
Rs. 4999 /- Inclusive of all charges
Income tax return filing for an individual with salary income of less than 5 lakhs.
Rs. 7999 /- Inclusive of all charges

  • GSTR-9
  • GSTR-9A
  • GSTR-9C

    The late fees 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. This is subject to a maximum of 0.25% of the taxpayer’s turnover in the relevant state or union territory. However, there is no late fee on IGST yet.

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  • What is GSTR-9 and who is liable to file GSTR 9?
    • It is an annual return to be filed by all registered taxpayers under GST irrespective of the turnover of an entity. The return consists of details such as inward/outward supplies, taxes paid, refund claimed, demand raised and ITC availed by the taxpayer. All registered taxpayers are required to file GSTR-9 .
  • During the Year if there is an error between CGST, SGST and IGST interchanged in reporting, but the gross value of the taxes matches, can the same be correctly reported in GSTR 9?
    • If CGST, SGST, and IGST are interchanged while reporting in GSTR-1, the same cannot be corrected while filing GSTR-9. Table 9 – Details of taxes paid of GSTR-9 cannot be edited except tax payable column. However, the assessee can correctly report the actual taxes payable under respective heads while updating Table 9, though, this correct reporting does not account for automatic intra-adjustment of tax under CGST, SGST, and IGST.
  • Is there any exception from the filing of Annual return?
    • Yes! The following persons, as per section 44(1), are not required to furnish annual return: Input Service Distributors, Persons paying tax under section 51, Casual taxable persons, and Non-resident taxable persons.
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