Gst annual return. I want to do online filing.

Gst annual return taxpayer's annual transactions, including details of outward supplies, inward supplies, input tax credit, and taxes paid. Who had to file GSTR-9A? 5 days ago · The GST returns Compliance Calendar for 2025-2026 helps businesses keep track of important deadlines, including the Monthly GST Return Filing Due Date for returns like GSTR-1, GSTR-3B, and GSTR-9. Dec 26, 2024 · GSTR-9 Annual Return Filing: Know due date, applicability, turnover limit, eligibility, rules, and filing format. It is important to adhere to the prescribed deadline to avoid such penalties. Eligible taxpayers must file their returns through GSTR-9 or GSTR-9A forms by December 31, 2024. 2 crore in a financial year. It helps ensure Dec 27, 2023 · For the financial year 2022-23, the Annual return forms have been notified vide Notification No. GSTR-1 is the return that companies must file to record all outward supplies of goods and services or sales transactions made within a tax period and report debit and credit notes released. It holds the quarterly returns — filed by the composition taxpayers during that particular financial year. There are different GST annual return forms based on the type and turnover of the GST registered business. Synopsis:Goods and Services tax: GST annual return using GSTR 9 or 9A needs to be filed by GST registered taxpayers on or before December 31, 2024. This return compiles complete monetary records. The new revised and extended due date to file annual returns in GSTR-9 is below: Financial Year 2017-2018 Dec 23, 2024 · As the name suggests, the annual return must be submitted once a year. 1st Proviso to Rule 80(1) 44. Making amendments to the information reported in the GST returns for taxpayers who have opted for the composition scheme. Join CA Aanchal Kapoor in Taxmann's Workshop as she explores critical aspects of GST Annual Returns. May 13, 2022 · Due date for filing GST Annual Return FORM GSTR-9 and GSTR-9C. Find out the due date, penalty and information to be furnished in each form. 5 Crore have an alternative option to file their GST Returns quarterly instead of monthly. Section 44(1) read with Rule 80(1) 44. Nov 19, 2022 · Article compiles for FY 2017-18 to 2021-22 Prescribed Due Date for Filling of Annual Returns, Extended Last Date for Filling of Annual Returns, Notification No. I want to do online filing. As the due date for filing the GST Annual Return (GSTR-9) for FY 2023-24 approaches, taxpayers and professionals are encountering various challenges during the preparation process. 5,00,00,000/-. 10: A person can only file a return if previous tax period returns or outward supplies under Section 37, i. Nov 11, 2023 · The Goods and Services Tax (GST) regime was implemented in India from 1st July 2017. 1. For the financial year 2024-25, the due date of filing GST annual return will be 31st December 2025. GSTR 9 is a summary of the entire year’s activities vis-a-vis what taxpayer declared in the returns versus what is there in their financial books. Oct 29, 2021 · GSTR 9B is an annual return that has to be filed by e-commerce operators who need to collect tax at source as per section 52 (5) of the CGST Act, 2017. It comprises of details of sales, purchases, input tax credit, demand and refund. ‍5. The various types of GST returns are as follows: 1. On the other hand, GSTR-9C is a reconciliation statement that compares the details provided in GSTR-9 with the taxpayer's audited financial statements and annual accounts. In GST, as per section 25(4) of the GST Act, 2017, every person who has obtained more than one registration, whether in one state or more than one state shall be treated as distinct person in respect of each such registration. 3. Filing the GSTR-9 Annual Return is a mandatory compliance requirement under the Goods and Services Tax regime in India. The following is the applicable late fee for GSTR-3B: Jan 15, 2025 · A step-by-step guide to file GSTR-4 on the GST portal. If not, list Nov 29, 2024 · Additionally, taxpayers with an aggregate annual turnover below Rs 2 crore can skip filing the annual return for financial years from 2017-18 to 2023-24, as this process has been made optional for them. 1. This facility is called the Composition Scheme. It offers a clause-by-clause analysis, practical filing steps, and over 40 case studies with 50+ advanced FAQs to address complex issues. Types of GST Annual Returns. A publication by the Institute of Chartered Accountants of India (ICAI) that provides guidance on the process of filing the annual return in Form GSTR-9 under GST law. Dec 26, 2024 · In that case, it should be rectified in the next return, subject to interest, within the deadline (30th Nov of the following financial year or annual return date, whichever is earlier). In order to remove the difficulties and ensure compliance adheres, the due date to file GST Annual return in form GSTR-9 is extended. This publication is designed to provide in-depth information, guidance, and updates about provisions of GST law relating to annual return filed in Form GSTR-9. The Due date was extended multiple times earlier, and the new extended due date is Nov 30th 2019. Composition Dealer shall furnish annual return in GSTR-9A on or before 31st Dec. saginfotech. Dec 31, 2024 · GST annual return is filed using GSTR-9, GSTR-9C or GSTR-9A form. GSTR 9 is a GST return for electronically filing the annual return on the common GST portal. Once a return is filed, an ARN is generated, which serves as a reference for tracking the return’s status. The form depends on the type of taxpayer and their turnover. What happens if a business fails to file GST returns on time? Filing tax returns late leads to a fine of ₹50 for every day (₹25 CGST + ₹25 SGST). Nov 23, 2018 · Learn about the different types of annual returns under GSTR 9, GSTR 9A, GSTR 9B and GSTR 9C, and the legal provisions for filing them. Alternatively, you can find it on your dashboard as well. In such cases, the number of GSTR filings is 5 each year, which includes 4 statement-cum-challans in CMP-08 and one annual return GSTR-4. Annual GST returns, as the name implies, must be submitted on a yearly basis in prescribed Form GSTR-9 by all taxpayers, excluding small taxpayers with a turnover of up to Rs. GST annual returns become time-barred if not filed within three years from the due date. Latest Updates. Dec 31, 2024 · The deadline for filing GST annual returns for the financial year 2023-24 is fast approaching. Here are the key updates announced: GST Annual Return GST Annual Return Filing GSTR-9 is a mandatory annual return for all taxpayers registered under the Goods and Services Tax (GST) system. Every registered business must file it to show: Total sales and purchases; Taxes paid and input tax credits claimed; Any refunds or pending tax payments; The official name for this return is GSTR-9. This move comes as a relief for businesses that missed filing their GSTR-9 (annual return) and GSTR-9C (reconciliation statement) for financial years 2017 Goods And Services Tax. The GSTR 9 format primarily contains details of sales and purchases in a year, any amendments made, tax liability, input tax credit, refund, HSN summary, and Jan 20, 2025 · GSTR-9 is an annual GST return that needs to be filed once a year by regular taxpayers, regardless of whether they file monthly or quarterly returns. It combines data from monthly and quarterly GST returns filed in a year. An important message will pop up detailing the steps to be performed for the Online/Offline filing of GSTR-9. Annual return under the GST law should be filed by all taxpayers registered under GST, except the Oct 4, 2022 · All periodic GST returns (monthly/quarterly) are consolidated as the Annual GST return in this exercise. Jan 24, 2025 · The Central Government, under Notification No. This return is required for every financial year and must be submitted by registered persons whose total revenue is more than INR 2 crore per year. Dec 13, 2024 · GSTR9 is an annual return that must be filed yearly by taxpayers registered under the Goods and Services Tax (GST) in India. All registered taxpayers are required to file an Annual Return, that is, GSTR-9 to provide a comprehensive summary of all the transactions undertaken during the financial year. Feb 8, 2023 · In addition to the Annual Return, the Registered Person who is required to file Annual Return in Form GSTR - 9 is also furnish a self-certified Reconciliation Statement in Form GSTR - 9C if his Aggregate Annual Turnover during the financial year (for which Annual Return has been filed) exceeds Rs. I have filed all the monthly nil GST returns in 2023 24. Click ‘Prepare Jan 17, 2025 · All gst registered businesses have to file monthly or quarterly GST returns and an annual GST return based on the type of business. Accordingly, in view of the amendments made in the provisions related to Annual Return in the last two years, the GST & Indirect Taxes Committee has revised this ‘Handbook on Annual Return under GST’. GST Annual Return Goods and Service Tax is one of the biggest tax reform in India. It consolidates the monthly and quarterly returns that a business submits throughout a financial year. GSTR-1 (Outward Supply Details) Verify if all outward supplies for FY 2023-24 are disclosed in GSTR-1 and paid through GSTR-3B. It consolidates data on outward and inward supplies, tax liabilities, and other GST-related transactions for a financial year. GST Annual Return (GSTR-9) Aug 18, 2019 2 likes 1,650 views. 2 crore, but filing is optional for those with a turnover up to Rs. The late fee under GST is also applicable for the ‘NIL’ return filers. GSTR-9 Applicability: Who Should File GSTR-9 Annual Return? I am happy to note that the GST & Indirect taxes Committee has developed a publication namely, “Technical Guide on GST Annual Return (Form GSTR 9)” for the benefit of members. 08/2025 – CENTRAL TAX dated 23rd January 2025, has announced a GST late fee waiver for specific annual returns and reconciliation statements. What are the prescribed form for GST annual return? GSTR 9:- Regular taxpayer is to file Annual Return electronically in Form GSTR 9 through the Common Portal. March 31st is a common last date for waivers or reduced penalties announced by the GST Council. Nov 29, 2024 · GST Return Filing: Who needs to File GST Annual Return for FY 2023-24 by 31st Dec 2024. GSTR 9A:-The Person paying tax under Section 10 i. Input Tax Credit Reconciliation Oct 1, 2022 · That GST law is extremely dynamic and is prone to frequent changes is not a matter of surprise and is known to all and sundry. However, it is optional for taxpayers whose cumulative turnover is at most Rs. This comprehensive return includes specific Nov 13, 2024 · The Goods and Services Tax Return ( GSTR-9 ) is an annual return that must be filed by taxpayers registered under the Goods and Services Tax ( GST ) regime in India. CA Hiren Pathak. 2. 2023. Introduction of Goods and service tax has subsumed various taxes like VAT, entry tax, octroi, excise duty, service tax, purchase tax etc. 11 Jan 28, 2021 · It is quite possible that the GST council may extend the due date of Fy 2021-22. 30/2021-CT dated 30. Dec 20, 2024 · A self-certified reconciliation statement in FORM GSTR-9C needs to be filed along with the Annual Return in FORM GSTR-9 by the taxpayers whose Aggregate Annual Turnover is above ₹5 Crore (for the Financial Year 2023-2024). Feb 20, 2025 · GSTR-9 is an annual return filed by taxpayers under the Indian GST system. See full list on blog. Under GST laws, barring few exceptions, all registered entities are required to file an Annual Return to summarize their business transactions during a financial year. Login to GST Portal and go to ‘Returns Dashboard’ and click ‘Annual Return’. The Goods and Services Tax (GST) annual return, known as GSTR-9, is a key requirement for businesses in India. GSTR 9 Applicability. If you’ve opted for the GST Annual Return composition scheme, filing your GST Annual Return is a breeze. Learn through case studies on outward Mar 6, 2025 · Even Nil returns must be filed to avoid penalties. For regular taxpayers, GSTR-9 is the annual return, while other categories, such as composition dealers, have separate formats (like GSTR-9A). Introduction of Goods and service tax has brought along with it requirement of filing returns in different forms depending on the class of taxpayer. Each return has a different due date. A: Late filing of the GST Annual Return may attract penalties, including fines and interest on delayed filing. But, instead of seeing this as a challenge to comply with, what if you were able to use this as a means of optimizing financial reporting processes and therefore avoiding Nov 26, 2018 · In accordance with the provisions of Rule 80 of the Central Goods and Services tax Rules, 2017 (‘CGST Rules’), the government has notified the forms for filing annual return under the GST law. To guarantee precise reconciliation, GSTR-9—on the other hand—is an annual return including all monthly returns entered during the year. Further, the GST council has already made the GST Annual return filing optional for turnover of less than 2 crores in the previous meeting. Feb 17, 2025 · As the time limit for filing the GST annual return for the year 2024-25 draws near, businesses need to ensure that they complete the process by 31st December 2025. Mar 6, 2025 · What is a GST Annual Return? # A GST Annual Return is a summary of all the taxes your business has reported throughout the year. e. Annual return. Details / Format of FORM GSTR-9 (Annual return for regular taxpayers) The Annual Return FORM GSTR-9 has been divided into six parts containing 19 tables. The action of departmental audits may impact the landscape of annual return filing. Article explains Legal provisions of GST Annual Returns, Points to Note on Annual GST Returns, Consequences of failure to submit the annual GST return and not getting the accounts audited (Notice to defaulters, Late Fee for delayed filing, General Penalty for Contravention of Provisions) and How to File the GST Form GSTR 9 Annual Return with Latest Format. 10th January 2025 Jan 24, 2025 · GSTR-9 is an Annual GST Return which is required to be filed by all the GST Taxpayers, in addition to GSTR-1, GSTR-3B and / or GSTR-4. GSTR-9: Tax entities with a turnover exceeding 2 Crores are mandated to file the GST annual return the use of Form GSTR-9. Nov 6, 2024 · In special cases, such as for composition dealers, some separate statements/returns need to be filed. The different types of GST returns are as follows: GSTR-1. This book is a comprehensive guide designed to simplify the filing and reconciliation process for GSTR-9, GSTR-9A, and GSTR-9C. Question arises do all GST registered taxpayers need to file GST annual return and if so then which form to use GSTR 9 or 9A? The GST annual return limit for businesses is Rs. Considering the various changes in the GST law in the past year, this article aims to provide clarity on the filing of annual returns (Form GSTR 9) and reconciliation statements (Form GSTR 9C) along with required reconciliations, best practices, advanced issues & solutions and tips as applicable I am happy to note that the GST & Indirect taxes Committee has developed a publication namely, “Technical Guide on GST Annual Return (Form GSTR 9)” for the benefit of members. Dec 23, 2024 · There are various types of GST annual returns, depending on the taxpayer’s category: GSTR-9: For regular taxpayers filing GSTR-1 and GSTR-3B. An Annual Return under GST is a consolidated return of all the business transactions undertaken by the person registered under GST during a financial year. What is GSTR-9? GSTR-9 is an annual return required for taxpayers registered under the Goods and Services Tax (GST) framework. The deadline for filing GSTR-9 for the financial year 2023-24 is December 31, 2024. Jul 9, 2018 · 2. composition levy Scheme shall furnish the annual return in form GSTR 9A. Dec 12, 2024 · Overview of GST Annual Return Filing. There are different types of GST return forms, depending on the type of business and transactions. Select the ‘Financial Year’ on the ‘File Annual Returns’ page. GSTR-9 is the GST annual return filling that a taxpayer is required to file on or before 31st December of every year. Jan 16, 2025 · The primary GST Return Filing types include GSTR-1 (outward supplies), GSTR-3B (monthly summary of sales and purchases), GSTR-9 (annual summary), and GSTR-9C (reconciliation for large businesses). This return provides a detailed summary of both outward and inward supplies made or received during the financial year, including transactions subject to Central GST (CGST), State GST (SGST), and Dec 4, 2018 · CA Sanjeev Singhal. Nov 29, 2024 · GSTR-3B lets companies pay their GST by summarising monthly returns including ITC claims and tax obligations. Feb 14, 2025 · A GST return is a form that a taxpayer submits to the government, showing sales, purchases, tax collected, and tax paid. Nov 16, 2023 · GST registrants who obtained or held registration anytime during a given financial year are required to file annual return for the said financial year. com entities having GST registration are required to file GST annual return, irrespective of business activity or sales or profitability during the return filing period. Dec 24, 2022 · Understand GST Annual Return & Form GSTR-9 filing for FY 2021-22. The publication “Technical Guide on GST Annual Return (Form GSTR-9)” aims to provide updated and in-depth insights and guidance on each Table of the Form GSTR-9, making it easier to file the annual return. Understand the nuances of filling GSTR 9 and 9C, understand turnover implications, and examine mandatory versus optional tables for FY 2022-23. In addition to monthly and quarterly returns, GST-subscribed taxpayers must file annual returns in form GSTR-9. The GSTR 9 return is filed annually by all the normal taxpayers registered under the GST scheme. 2 crores, for whom filing of annual GST returns has been exempted Aug 11, 2022 · The GST annual return is a statement of return that is required to be filed annually by each registered person (except for a few specified categories of persons) under GST, providing summarised details of outward supplies and taxes paid thereon, input tax credits claimed, taxes paid, and refund claimed in the fiscal year in which such annual Feb 5, 2025 · Notes on Section 44 – GST Annual Return. It also summarises the details of GSTR8. You may also click on the ‘Annual Return’ button on the dashboard. Filing a Nil GST Annual Return Jan 16, 2025 · GSTR-4 is the annual GST Return that has to be filed by a composition dealer. GSTR-1, are filed. Time Limit for furnishing GSTR 9/9A. -(1) Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return as specified under sub-section (1) of section 44 electronically in FORM GSTR-9 through the Dec 29, 2021 · GSTR 9A is an annual return. 2 crore. Dec 18, 2024 · GSTR-9 Annual Return. Jan 24, 2024 · Substituted vide Notification No. Introduction. Applicability GSTR 9C is applicable to taxpayers who are required to obtain an annual GST audit of their accounts. Jan 17, 2025 · The GSTR-9 is an annual GST return filed by all regular GST-registered taxpayers. GSTR-9A: For composition scheme taxpayers. Get key information like deadline, details & exemptions. Help Desk Number: 1800-103-4786 Dec 11, 2024 · It is a statement which consist reconciliation of GST returns filed with the Audited Annual Accounts. Under which GSTIN I need to file my Annual return? You need to file your annual returns for both Old GSTIN and New GSTIN for financial year 2020-21. This article aims to inform readers about GST Annual Return ( GSTR-9 ), including its applicability, due date, turnover limit, eligibility, rules, and frequently asked questions. जो टैक्सपेयर्स GST के तहत कंपोजिशन स्कीम (Composition Scheme) का ऑप्शन चुनते Feb 20, 2025 · The GST portal provides businesses with convenient options to check the status of their GST returns using the ARN (Acknowledgment Reference Number), a date range, or the status filter. Dec 2, 2024 · This GST Annual Return GSTR-9 Filing checklist refers to the Financial Year (FY) 2023-24, with the return due by December 31, 2024, unless an extension is granted. Aug 18, 2019 · GST Annual Return (GSTR-9) - Download as a PDF or view online for free. Jun 30, 2018 · GST Annual Return Applicable To: Every registered person including those registered under composition levy scheme shall furnish an Annual Return in GSTR-9. Deadline for filing the GST annual return is December 31 of the following financial year. However, the taxpayer shall prepare himself to file the GSTR 9 Annual return before the last date. Submit Search. The annual return is a compilation return which includes all business transactions corresponding to a particular financial year. Every taxable person under GST law will be required to furnish annual returns in form GSTR-9, the deadline for GSTR-9 filing is December 31st. GSTR-1 . Checklist for Preparation of GSTR-9. 2) Act 2024 and the 54th GST Council Meeting, it includes checklists for Dec 20, 2024 · Introduction. Regular Dealer shall furnish annual return in GSTR-9 on or before 31st Dec. Unlike a regular taxpayer who is required to furnish 2 monthly returns and an annual return (with certain exemptions ), a dealer opting for the composition scheme is required to furnish one return every quarter in Form CMP-08 and Form GSTR 4 once a year by the 30th Dec 11, 2024 · The whole GST annual return submission could be a nightmare when rules are changing, the workload gets monitored for an increasingly shorter period, and scrutiny gets tighter. Not sure why this message and not letting me file my annual return. Before filing the GST annual return, i. GSTR-9B: For e-commerce operators who file GSTR-8. In this article, we will explain how to download GST return forms of all types step by step. CGST Rules, 2017 apply. Key Eligibility Criteria: Dec 30, 2024 · For 2023 24 I am unable to file annual return when I run compute liability no working is coming and in the top there is a message coming that "user is not allowed to file nil return". Feb 20, 2025 · Small businesses with an annual turnover of less than Rs. GSTR 9 Annual Return: Turnover Limit, Last Date, Late Fee and Rules: This is a yearly report that needs to be filed by most companies under the GST regime. Can I revise a GST return after filing? One is unable to amend the GST returns, however, mistakes and neglects can be rectified by filing adjustments with the return for the next month. Remember, filing an annual GST return is only possible if your GSTIN is active for the whole financial year. Mar 6, 2025 · 4. When a taxpayer does not file GST returns within the prescribed due dates, a late fee is charged. Know the prerequisites for GSTR 9, table-wise analysis of Form GSTR-9, and the interlinkage of various tables. In this article, we will explain the It is an annual return for all the registered taxpayers under GST and has to be duly paid with some exceptions. GSTR-9C: For taxpayers with an annual turnover of over Rs 5 crore, requiring audited accounts and a Oct 15, 2024 · The Goods and Services Tax Network ( GSTN ) has released an important advisory regarding the filing of annual returns in Form GSTR-9 and GSTR-9C for the financial year 2023-24. 2 crore must file their GST annual return using Form GSTR-9, which compiles detailed financial information. The deadline for eligible GST-registered taxpayers to file returns using GSTR-9 or GSTR-9A forms is December 31, 2024. 08. 07. GSTR-9 encompasses comprehensive information regarding outward and inward supplies, covering transactions conducted or received during the fiscal year. GSTR-3B is active: GSTR-9 is essentially a compliance tool. It is a consolidated summary of the year’s financial statement where the taxpayer compares the purchase and sales registers and compares and reconciles their GSTR-9 and GSTR-9C with the GSTR-1 and GSTR-3B. Types of GST Return Forms Feb 14, 2025 · A GST return is a document that shows how much tax a business has collected and paid. Dec 4, 2024 · Detailed Note on GSTR-9: Annual Return. Updated with the latest amendments from the Finance (No. It comprises outward and inward supply details made or received under different tax heads for a specific financial year. NA. Who should file annual return under GST law. The late fee amount will depend upon the number of days of delay from the due date. It ensures that businesses meet their tax obligations on time, avoid penalties, and stay organized throughout the year. This is an important procedure that every business needs to carry out in order to comply with the Goods and Services Tax (GST) laws, avoid any fines, and run smoothly for the better part of the year. As per section sub-section (1) of section 44 of CGST Act 2017 read with sub-rule (1) of Rule 80 of the Central GST Rules 2017, every person registered under GST shall file an annual return in FORM GSTR-9 for every financial year on or before 31 st December. 38/2023-central tax dated 04. Filing of amendments to the information furnished in the returns filed during the previous year. The publication covers the provisions, sources, and analysis of Form GSTR-9 for the financial year 2022-23. 2021 for “Rule 80. 3. Dec 18, 2023 · It is essentially a reconciliation assertion between the yearly returns filed in GSTR 9, and the audited annual monetary statements of the taxpayer. GSTR-9 is a compilation of inward supplies, outward supplies; input tax credit and tax-liability availed during a period of a financial year. Jul 1, 2021 · Types of GST Annual Return. Nov 23, 2024 · The GST annual return (GSTR-9) for FY 2023-24 must be filed by all GST-registered taxpayers (except a few categories) by December 31, 2024. Feb 3, 2025 · GSTR-9: Taxpayers with an annual turnover exceeding Rs. Dec 19, 2024 · Prerequisites for filing GST annual return. Apr 9, 2019 · The annual return has to be furnished by every registered person as stipulated under section 44(1). For example, for the financial year 2023-2024, the deadline would typically be December 31, 2024. These GSTR filings are done online on the GST portal. If a business does not file its GST return on time, it may have to pay a fine. Dec 29, 2023 · The GST Annual Return, GSTR-9 is a mandatory filing for all registered taxpayers, regardless of their business turnover. GSTR-9A: Registered taxpayers under the GST Composition Scheme must file GSTR-9A, a return designed specifically for participants in this scheme. For financial year 2020-21, the Annual Return for the period upto 31st July, 2020 is to be filed for the old GSTIN and for the period from 1st August 2020, the Annual Return for the period upto Sep 13, 2024 · GST Annual return filing due dates. There are different types of GST returns that businesses need to file based on their work and turnover. GSTR-4 is an annual return filed by businesses that opted for the Composition Scheme. Can a taxpayer claim input tax credit in the GST Annual Return? A: No, the GST Annual Return is not the platform for claiming input tax credit. This article details insights into the due date, applicability, turnover limit, format, eligibility, and the rules related to GSTR-9 so that businesses can meet their annual GST obligations with ease. 2 Jan 2, 2025 · What is an Annual Return under GST? An annual return under GST is a mandatory return summarizing all transactions, taxes paid, and credits claimed. Apr 28, 2023 · Annual Return by Regular and Composition Dealer. GST-registered taxpayers must file this return to consolidate their yearly transactions and maintain compliance. GSTR 9 is an annual return to be filed yearly by regular taxpayers registered under GST, including SEZ units and SEZ developers. Here’s what you need to know about GSTR-9A: Sep 13, 2023 · The GST annual return (GSTR 9) is a statement of return which is required to be filed annually by each registered person (except few specified categories of persons) under GST giving summarized details of outward supply and taxes paid thereon , input tax credits claimed, taxes paid, and refund claimed in the financial year in respect of which such annual return is filed. The steps to file annual GSTR-4 online is as follows: Step 1: Log in to the GST portal and navigate to Services > Returns > ‘Annual Return’ option. There are some optional and mandatory fields to be filled up in May 3, 2019 · The document provides information about the GSTR-9 annual return filing requirements under the Goods and Services Tax (GST) in India. Feb 2, 2023 · GSTR-9 is the Annual Return that a registered taxpayer under GST needs to file once for each financial year on the GST Portal. GSTR-9 is filed by those who have acquired or held a GST registration at any point during the relevant financial year and are required to submit an annual GST return. GSTR-9C is dependent on GSTR-9 annual return as there are certain fields which are auto-populated from GSTR-9. 44. The composition scheme offers a simplified tax structure with a fixed levy, and your annual return reflects that. Due date of filing GSTR-9C for FY 2023-24 is 31 st December 2024. Dec 31, 2024 · The deadline for filing the GST annual return (GSTR-9) for FY 2023-24 ends on December 31, 2024. It includes the details of outward supplies of goods and services, returns, and collected amounts during the financial year in filing annual returns. Types of GST Returns. It states that GSTR-9 must be filed by regular taxpayers to consolidate supplies and input tax credit details for the entire financial year. Dec 30, 2024 · With a few exceptions, all entities possessing GST registration need to file GST annual returns, regardless of profitability, business activity, or sales, during the return filing period. Dec 18, 2023 · This proactive approach not only facilitates proper filing of annual returns under GST but also safeguards against potential fines, penalties, or the risk of GSTR registration cancellation, as all aspects of the GST return filing system are integrated, and any discrepancies may have serious repercussions. for Extinction of Due Date, Last Date to Preserve Accountants and Records as per section 36, Last Date to Issue Notice U/s 73 (2)- ( 33 Months), Last Date to Issue Order U/s 73(10)-(36 Months), Last Date to Issue Notice U/s 74 (2 Nov 14, 2024 · Who needs to file GST annual return by December 31, 2024. This GSTR 9A annual return should be filed once a year by the taxpayers, who are registered under GST for a specific financial year up to 2018-19. Q10. GSTR-9 is an annual return under the Goods and Services Tax (GST) system that consolidates information from monthly or quarterly returns filed during the financial Aug 28, 2023 · GST Annual Return Filing - GSTR-9 Filing GSTR-9 filing is a crucial yearly obligation for all taxpayers registered under the Goods and Services Tax (GST) framework. , GSTR-9, it is inevitable to verify the details as follows: To file the annual return (GSTR-9), the taxpayer must have already submitted GSTR-1 and GSTR-3B for the entire financial year, as GSTR-9 consolidates information from these returns. Exemptions apply to taxpayers with turnovers of up to ₹2 crore, as well as input service distributors, casual taxable persons, non-resident taxable persons, and those under TDS/TCS provisions. Staying compliant with GST return deadlines is not just about avoiding penalties; it ensures smooth business operations and uninterrupted input tax credit claims. hhhoq jzmgh wtgf hkxkkg ndzgps php evjuj sidmu iirb glyft pharo mmm pdhuh dyvlq rhzz