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GST Annual Return

Seamlessly File Your Returns with TaxMother
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    Filing the GST Annual Return can be a complex and time-consuming task. At TaxMother, we simplify the process and ensure that your annual return is filed accurately and on time. Our team of experts is well-versed in the nuances of GST regulations, making us your trusted partner for all your GST compliance needs.

    GSTR-9 Annual Return

    Streamline Your Annual Return with GSTR-9

    Every registered person must file an annual return, known as GSTR-9, for each financial year. The return should be filed electronically in the prescribed form and manner by December 31st following the end of the financial year

    Filing the Annual Return

    Essential Steps for Filing Your Annual Return

    Registered persons must file GSTR-9, which includes details of outward and inward supplies made and received during the specific financial year, including CGST, SGST, and IGST. Basically, it is a consolidated statement of all the monthly or quarterly returns filed during the relevant financial year. The annual return is optional for taxpayers with a turnover of up to 2 crores.

    Step-by-Step Guide to Submit GST Annual Return

    Simplified Process: Submitting Your GST Annual Return
    • Login to the GST portal and proceed to the return dashboard. Click on Annual Return.
    • Select the financial year and choose between the Online or Offline options.
    • Download Form GSTR-1, Form GSTR-3B, and Form GSTR-9 Summary.
    • Enter details in the various tables.
    • Preview the draft of the GSTR-9 Summary.
    • Compute liabilities and make late fee payments, if applicable.
    • Choose between Digital Signature or EVC for the submission of Form GSTR-9.

    Who is Exempt from Filing GSTR-9?

    Understanding GSTR-9 Filing Requirements
    • Composition Taxpayers (they must file GSTR-9A)
    • Casual Taxable Persons
    • Input Service Distributors (ISD)
    • Non-resident taxable persons
    • Persons paying tax under Section 51 or Section 52 of the CGST Act.
    • Central or State Government departments whose books of accounts are audited by the Comptroller and Auditor-General of India (CAG).

    Types of GST Annual Returns

    GST Annual returns are classified into different forms based on the type of taxpayers.
    • GSTR-9Applicable for Regular Taxpayers.
    • GSTR-9AApplicable for persons registered under the composition scheme.
    • GSTR-9BApplicable for ECOs (Electronic Commerce Operators) collecting TCS.
    • GSTR-9CAnnual reconciliation statement reconciling figures reported in GSTR-9 with the figures in the taxpayers' audited financial statements.

    GSTR-9C is an annual GST reconciliation statement applicable to taxpayers with a turnover exceeding Rs 5 Crores. Previously, certification from a CA/CMA was required, but now GSTR-9C can be self-certified.

    GST Annual Return Due Dates

    Mark Your Calendar: GST Annual Return Due Date
    • GSTR-9 (Annual Return)December 31st of the next financial year.
    • GSTR-9C (Annual Reconciliation Statement)December 31st of the next financial year.

    For example, the due date for filing the GST Annual Return (GSTR-9) and self-certified reconciliation statement (GSTR-9C) for the financial year 2022-23 is December 31st, 2023.

    Required Details for GSTR-9

    To file GSTR-9, you need the following details
    • Filed returns such as GSTR-1, GSTR-3B, and GSTR-4.
    • Complete accounting data for the relevant tax period.
    • Classification of purchases as inputs, input services, and capital goods.
    • Details of ITC availed during the year, distinguishing between eligible and ineligible ITC.
    • Reconciliation of sales reported in GSTR-1 and GSTR-3B.
    • Reconciliation of purchase tax claimed in GSTR-3B and auto-populated in GSTR-2B.
    • Audited financial statements.

    Expert Guidance from TaxMother

    Fulfilling your GST obligations includes the annual filing of the GST Annual Return. At TaxMother, we offer comprehensive support to ensure a seamless and hassle-free experience.

    With TaxMother, you can expect:

    • Comprehensive AssistanceOur experts will guide you through the entire process of filing the GST Annual Return, ensuring compliance with all relevant regulations.
    • Accurate CalculationWe diligently calculate your annual figures, taking into account all the necessary details and ensuring accuracy in your return.
    • Timely FilingWe understand the importance of meeting deadlines. With TaxMother, you can rest assured that your GST Annual Return will be filed within the specified time frame.
    • Compliance AssuranceOur team stays up to date with the latest GST laws and regulations, ensuring that your return is fully compliant and minimizing the risk of penalties or legal issues.

    Let TaxMother handle your GST Annual Return, allowing you to focus on your core business activities. Contact us today to streamline your GST filing process.