GST Annual Return
100% Accurate & on Time GST Annual Return.
About This Service
You can now easily file the returns online with the help of applications and software that is introduced by the Goods and Service Tax Network. These progressive facilities offered by the government ease the filing process and auto-populates the details in GSTR forms.
Step-by-step process to file GST returns online
When it comes to filing GST return online, there is a very easy process.
Step 1: Simply visit the GST portal i.e. www.gst.gov.in
Step 2: Now acquire a 15-digit GSTIN (GST identification number) that will be allotted depending upon your state code and PAN.
Step 3: On the software or the GST portal, upload the applicable invoices. Against each invoice, you will be allotted an invoice reference number.
Step 4: Make sure you check all the errors as well as file the returns, once all the invoices, inward, outward return as well as cumulative monthly return is uploaded successfully.
Points to consider before filing the GST returns
- GSTR-1 is an outward supply return that needs to be furnished through the information section on the GST Common Portal by the 10th of every month.
- There are also chances that a supplier might not accept changes in the details of inward supplies which is given by the recipient in GSTR-1A.
- All the particulars of inward suppliers of taxable goods and services need to be given by the recipient in the GSTR-2 form.
- The supplier also has to give and ensure the availability of the details of outward supplies in GSTR-2A to the recipient.
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What is Legal provision for filling GST Annual Return?
Legal requirement of filing Annual return hereafter called GSTR-9 is governed by section 35(5) and section 44(1) of CGST Act. Section 44(1) of CGST Act read with Rule 80(1) of CGST Rules requires that every Registered person other than - an Input Service Distributor, - a person paying tax under section 51 (TDS) or section 52 (TCS), - a casual taxable person and - a non-resident taxable person, Shall furnish an annual return for every financial year electronically in Form GSTR- 9 through the common portal (www.gst.gov.in) either directly or through facilitation center on or before the thirty-first day of December following the end of such financial year. Further, as per section 35(5) of CGST Act, every registered person whose turnover during a financial year exceeds the prescribed limit (Rs. 2 cr.) shall get his accounts audited by a chartered accountant or a cost accountant and shall submit a copy of the audited annual accounts, the reconciliation statement (GSTR-9C) under sub-section (2) of section 44 and such other documents in such form and manner as may be prescribed. Reconciliation statement – GSTR-9C is a reconciliation of data as per books of accounts and data as reported in GSTR-9.
Who is required to file GSTR-9? Is there any threshold limit of Turnover for exemption to file GSTR-9?
As per the Legal provision of Section 44(1) of the CGST Act, every registered person shall be required to file GSTR-9. Hence, irrespective of the Turnover, every registered person under GST is required to file GSTR-9.
Who is not required to file GSTR-9?
Following persons are not required to file GSTR-9: - an Input Service Distributor, - a person paying tax under section 51 (TDS) or section 52 (TCS), - a casual taxable person and - a non-resident taxable person. The person paying tax under section 52 (TCS) is required to file GSTR-9B but since the provision of section 52 is applicable from 01st October 2018 only, they are not required to file GSTR-9B for the year 2019-20.
What is Form GSTR-9A and who is required to file it?
GSTR-9A is an Annual return for a supplier who was under the composition scheme as per section 10 of the CGST Act anytime during the relevant financial year.
What is the Due date of filling GSTR-9?
As per section 44(1) of CGST Act, every registered person is required to file annual return on or before 31st December of the year succeeding the financial year in form GSTR-9. For the FY 2019-20, due date of filling GSTR-9 is 31st December 2020