GST Annual Return Filing
TaxRupees facilitates online GST annual return filing for businesses in India. Expert assistance for accurate and timely compliance. FAQs on GST annual filing.
Basic Plan
- GSTR-9 or GST annual return filing for taxpayers registered under GST Scheme.
Standard Plan
- GSTR-9 or GST annual return filing for regular taxpayers registered under GST not requiring Audit.
Premium Plan
- GSTR-9 or GST annual return filing for regular taxpayers registered under GST along with GST audit.
Documents Required For GST Annual Return Filing
GST Annual Return Filing in India
The Goods and Services Tax (GST) is a value-added tax that is levied on the supply of goods and services in India. Businesses that are registered under the GST must file an annual return. This article will provide everything you need to know about GST annual return filing in India, including who must file, what is required, and tips for a successful filing.
If you're registered for GST in India, then you're required to file an annual return.
So who needs to file? All businesses registered for GST must file an annual return, regardless of whether or not they have any transactions to report. The deadline for filing is December 31st, and businesses can be fined if they don't meet this deadline.
What do you need to file? In order to file your GST annual return, you'll need to have accurate records of all your business transactions for the year. This includes invoices, sales receipts, and any other documentation related to your business income and expenses. You'll also need to fill out a GST annual return form, which you can obtain from the Indian government website.
Once you have all your documents and information ready, there are a few things you can do to ensure a successful filing. First, keep accurate records throughout the year so that you're not scrambling at the last minute to gather everything together. Second, consider hiring a professional accountant or tax advisor like TAXRUPEES who can help with the process. And finally, file your return electronically – it's quick and easy, and you'll avoid any potential penalties for late filing.
So there you have everything you need to know about GST annual return filing in India.
Related Knowledge Base
How to Set Up and Register an E-commerce Company in India (2025)
Top Food Business Ideas in India for 2025
How to Save Tax Legally in India
Budget 2025 Highlights: Key Tax Changes You Should Know
How GST Transformed Trading and Services in India
Understand the Differences Between CGST and SGST
Filing Your GST Annual Return in India
Who Must File
All businesses registered under the Goods and Services Tax (GST) in India are required to file an annual return. This includes businesses of all sizes, from small businesses to large corporations. The annual return must be filed even if your business has not conducted any business activity during the year.What is the Deadline
The deadline for filing your GST annual return is March 31st of each year. If you miss this deadline, you will be subject to late fees and penalties.What is Required
To file your GST annual return, you will need to have several pieces of information handy, including:- Your GST registration number
- The financial year that you are reporting on
- Your total turnover for the year
- Details of your inward and outward supplies
- Any tax liability or refund due
- Any cess liability or refund due
- Your tax payment details
The GST Annual Return Form
What Information is Required
The GST annual return form requires a range of information in order to be complete. This includes your business name and address, your GST registration number, the financial year that the return covers, your total turnover for the year, your total tax liability for the year, and any refunds you are claiming.In addition, you will need to provide details of your outward supplies (sales), inward supplies (purchases), exempt supplies, and taxable supplies. For each of these categories, you will need to provide the corresponding tax amount payable or refundable.
The form also requires details of any advances received against supplies made, any adjustments made to previous returns, and any other information as specified by the GST law.
Where to Obtain the Form
The GST annual return form can be obtained from the GST website or from a registered GST practitioner.Tips for Filing Your GST Annual Return
Keep Accurate Records
It is important to keep accurate records throughout the year in order to make filing your GST annual return simpler. Be sure to save all invoices, receipts, and other documentation related to your business transactions. Keeping organized records will help ensure that you do not miss any important information when it comes time to file.Hire a Professional
If you are not confident in your ability to correctly file your GST annual return, it may be worth hiring a professional accountant or tax consultant. A professional can help you ensure that you are including all the necessary information and taking advantage of any deductions or credits that you may be eligible for.File Electronically
Filing your GST annual return electronically is the simplest and most efficient way to do so. By filing online, you can avoid having to mail in paper forms or dealing with potential delays caused by postal service disruptions. Additionally, many tax software programs offer features that make it easy to file your return, such as pre-filling information from previous years' returns or automatically calculating applicable taxes owed.GST Annual Return Types
GST annual return filing can be divided into three types based on the form to be filed as under:GSTR 9 - The entities exceeding a turnover of 2 crores are required to file GST annual return in form GSTR-9.
GSTR-9A - Registered taxpayers who have opted for the GST Composition scheme are required to file GSTR-9A.
GSTR-9C - Form GSTR-9C is meant to file the taxpayers' reconciliation statement about a particular financial year. This form is a statement of reconciliation between the Annual returns in GSTR-9 and the figures mentioned in the taxpayers' Audited financial statements.
GSTR 9C applies to the taxpayers who are required to obtain an annual audit of their accounts. GSTR 9C must be prepared and certified by a CA or Cost accountant. GST audit is applicable for a person having GST registration with an annual aggregate turnover of above two crores in a particular financial year.
FAQ
If you don't see an answer to your question, you can send us an email from our contact form.
There are four sub-classifications under GSTR-9. Namely,GSTR-9, GSTR-9A, GSTR-9B, GSTR-9C.
According to Section 47(2) of the Central Goods and Service Tax Act (2017), an individual will be fined a punishment of INR 100 every day (CGST) + INR 100 every day (SGST), adding up to an aggregate of INR 200 every day if he/she neglects to document GSTR-9 preceding the due date. Be that as it may, the most extreme measure of punishment an individual can be fined is 0.25% of the absolute turnover.
Each citizen who has quit the sythesis conspire during the monetary year is expected to outfit GSTR 9 for the period for which he has been a customary citizen
No, at this point, yearly returns in structure GSTR 9 must be documented on the web. Be that as it may, the public authority will before long delivery the disconnected strategy to document structure GSTR 9.
YES, delay in recording GSTR-9 past the due date will draw in a late charge as a punishment.
No, the profits field in GSTR-9 can't be amended by the citizen after they have been recorded.
All the enlisted GST citizens are expected to document GSTR 9 one time each year. In the new past, the intrastate providers and the business and the assistance area organizations that have a yearly turnover of Rs 20 lakh and merchandise area with a yearly turnover of Rs.40 lakh need to record GST yearly returns.
All the enrolled GST citizens whose turnover during a given monetary year is surpassing as far as possible ought to get the records inspected. As per the present GST rules, the cutoff is Rs.2 crores
The public authority has broadened the cutoff time for the citizen under the GST through Central Tax Notification Nos 10/2021,11/2021,12/2021, 13/2021, 14/2021 generally dated first May 2021.
Our Services
Proprietorship
Happy Customers
Customer satisfaction is our major goal. See what our customers are saying about us.
"A big thanks to the Tax Rupees team for making GST returns simple and easy for us. Rather than requiring 7 to 8 days to do compromise, presently it's simply a question of hours. The people there help us at any given time."
Sumit Kaushal
"Excellent service at a reasonable cost. You can do everything from the comfort of your own home and have all of your company registration documents delivered, which I thought was impossible. You saved a significant amount of time and money."
Shivanand Mogha
"Tax Rupees handled all of the documentation and filings required to get my startup company up and running. I went for LLP registration, and Tax Rupees expertly guided me through all of the processes and kept me up to date"
Mr. Pal
"Our experience with Tax Rupees has been amazing and their method of execution is excellent and simply amazing. I would like to continue working with TR for a longer period of time."
Prince Tyagi
"I've been using TaxRupees for a year. My personal interactions with them have been very positive and responsive. They follow up on GST, TDS, and other statutory compliance in a timely and efficient manner. I also used their services for the new Private Limited Company we formed in June 2020."
Deep Kumar
"I had a very positive experience with Tax Rupees. They were quick to assist with all of my work and provided all related services in a timely manner. I recommend them to any individual or business that is looking to incorporate."
Ankit Sachdeva