GST Annual Return

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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 are registered and issued GST registration. All entities having GST registration are required to file GST annual returns, as per the GST return maturity schedule mentioned below. GST annual return filing is mandatory for all entities having GST registration, regardless of commercial activity or sales or profitability during the return filing period. Hence, even a dormant business that obtained GST registration must file GST return.GST registration holder who obtained the registration anytime before 1st April 2018 are required to file GST annual return for the financial year 2017-18 on or before 30th June 2019. Before filing GST annual return the taxpayer must have filed all GSTR-1 or GSTR-3B or GSTR-4 return for the amount of July to March 2018. just in case there are overdue GST returns for the above-mentioned period, the GST registration holder won’t be allowed to file GST annual return.

GST Annual Return Types

GST Annual Return Filing are often divided into three types supported the shape to be filed as under: GSTR-9: All entities having GST registration are required to file GST annual return in form GSTR-9. 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.
GSTR-9C: Form GSTR 9C is supposed for filing the reconciliation statement of taxpayers concerning a specific financial year. the shape may be a statement of reconciliation between the Annual Returns in GSTR-9 and therefore the figures mentioned within the Audited Financial Statements of the taxpayer. GSTR 9C is applicable to taxpayers who are required to get an annual GST audit of their accounts. GSTR-9C must be prepared and authorized by a accountant or accountant . GST audit is applicable for person having GST registration with an annual aggregate turnover of above Rs. 2 crores during a particular financial year.

GST Annual Return Due Date

The due date for filing GST annual returns in FORM GSTR-9, FORM GSTR-9A and reconciliation statement in FORM GSTR-9C for the Financial Year 2017 – 2018 has been extended upto 30th June 2019. Reta Advisories is the leading business services platform in India, offering end to end GST services from registration to return filing. Reta Advisories can help you file GST annual return for your business at an affordable price. The average time taken to file a GST return is about 5 – 10 working days, subject to government processing time and client document submission. Get a free consultation on GST annual return filing by scheduling an appointment with an Reta Advisories Advisor.

GSTR-9

All entities having GST registration are required to file GST annual return in form GSTR-9.

GSTR-9A

All entities having GST registration are required to file GST annual return in form GSTR-9.

GSTR-9A

GST registered taxpayers who have opted for the GST Composition Scheme are required to file GSTR-9A.GSTR-9C
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