GST Annual Returns

Implemented in India from 1st July 2017. Over 1.3 crore businesses in India have been registered and issued GST registration under the new GST regime. The entities registered under GST must file annual returns as per the scheduled GST return due date.

GST annual return filing is mandatory for all entities with a turnover of more than two crores required to obtain GST registration, irrespective of the business activity or sales or profitability during the return filing period. Hence, even a dormant business that gets GST registration must file GST returns.

What is GSTR 9: Annual Return Filing?

GSTR 9 is the annual return that is to be to be filed yearly by the taxpayers registered under GST.

GSTR 9 is to be filed yearly by the taxpayers registered under GST. It consists of details regarding the outward and the inward supplies made during the relevant financial year.

Before filing GSTR 9, the taxpayer must file all GSTR-1, GSTR-3B, or GSTR 4 returns. In case of over dues, the GSTR registration holder will not be allowed to file an annual GST annual return.

GSTR 9 consists of details regarding the outward and the inward supplies made or received during the relevant financial year under CGST, SGST, and IGST. It is a consolidation of all the monthly/quarterly returns filed in that year.

Who should file GSTR 9?

All taxpayers/taxable persons registered under GST must file their GSTR 9. However, the following are NOT required to file GSTR 9:

  • Taxpayers opting composition scheme (They must file GSTR-9A)
  • Casual Taxable Person
  • Input service distributors
  • Non-resident taxable persons
  • Persons paying TDS under section 51 of CGST Act.

BASIC

iNR 3,299

Turnover less than Rs.25 lakhs

GSTR-9 Filing

Personalised GST Accountant

Personalised GST Accountant

GST eWay Bill Software

STANDARD

iNR 5,499

Turnover less than Rs.2crores

GSTR-9 Filing

Personalised GST Accountant

Personalised GST Accountant

GST eWay Bill Software

PREMIUM

iNR 9,299

Turnover more than Rs.2crores

GSTR-9 Filing

GSTR-9C Filing

Personalised GST Accountant

Personalised GST Accountant

GST eWay Bill Software

Updated on 18/07/2021