ANNUAL RETURN UNDER GST

N TR O DUCTIO
Na value-added tax levied at all points in the supply chain, with credit for taxes paid on
GST
good s a n d services acquired for use in making the supply.

To ensure the correctness a n d veracity of the reported information, annual return a n d GST
audit are required.

GST principles e m b ra ce information technology a n d reduce the interaction with the

tax administrators.

All entities having GST registration, except few specified categories of persons, are required
to file GST annual return for every financial year respective of their turnover during the return
filing period.
ANNUAL RETURN SEC
44
Every Registered person, other than

Input Service Distributor

Person paying tax under Sec 51 or 52

(Prescribes to deduct tax

Casual Taxable Person (CTP)

Non-Resident Taxable Person

Shall furnish an annual return for every FY electronically in such form and manner as may be prescribed on or before
the 31st day of December following the end of such FY

Every registered person who is required to get his accounts audited in accordance with the provisions of 35(5)
-shall furnish electronically, the annual return
-along with a copy of the audited annual accounts and a reconciliation statement

Sec 35(5)

Every registered person whose turnover during a financial year exceeds Rs. 2 crores shall
get his accounts audited by a chartered accountant or a cost accountant
 TYPES OF
FORMS
To be filed by y regular taxpayers registered under GST
It consists of details regarding advances, supplies made and received during the FY under different tax
heads i.e. CGST, SGST and IGST –details of outward supplies made during the FY on which tax is not
payable.
G STR 9 Details of ITC availed and reversed, taxes payable and paid, transactions reported in next
FY, particulars of demands and refunds, HSN wise details of outward and inward supplies It
consolidates the information furnished in the monthly or quarterly returns during the year
GSTR 9A To Be filed by taxpayers registered under GST’s composition scheme it is a summary of all
quarterly returns previously filed by the composition taxpayer

To Be filed by e-commerce operators who have to collect tax during the PY –It is basically an
GSTR 9B
annual statement

Captures the basic details of the Registered Person, and Reconciliation of turnover declared in
audited Annual Financial Statement with turnover declared in Annual Return and reconciling of tax
GSTR 9C paid, ITC
 PRE CONDITION FOR FILING
GSTR

Active GSTIN during said All applicable GST returns such

Financial Year for at least one as GSTR 38 and GSTR 1 should
day be filed
 RELEVANT
CONSIDERATION

PERSON REGISTERED UNDER GST BUT HAVING NO TRANSACTIONS DURING THE YEAR IS ALSO
REQUIRED TO FILE A NIL ANNUAL RETURN
A REGISTERED PERSON WHO HAS OPTED IN OR OPTED OUT OF COMPOSITION IS REQUIRED TO FILE
BOTH GSTR 9 & GSTR 9A FOR THE RELEVANT PERIODS

GSTR 9 DOES NOT ALLOW FOR ANY REVISION AFTER FILING

FILING OF ANNUAL 2017 18,2018 19 AND 2019 20 HAS BEEN

RETURN IN RESPECT OF FINANCIAL YEAR
MADE VOLUNTARY FOR THE REGISTERED PERSONS WHOSE TURNOVER IS LESS THAN ₹2 CRORE AND WHO
HAVE NOT FURNISHED THE SAID ANNUAL RETURN BEFORE THE DUE DATE
CONSEQUENCES OF FAILURE TO SUBMIT THE ANNUAL
RETURN
N o tic e A notice shall b e issued requiring to furnish the requisite return within 15 days.
to
d e fa ulte
r

Levy of a late fee of Rs. 100/- per day under CGST Act a n d Rs. 100/- per
d ay under SGST/ UTGST Act subject to a maximum amount of 0.5% of the
Late fee
turno v e r in the Sta te o r Unio n Te rrito ry.

Penalty which m a y extend to Rs. 75,000 (Rs. 25,000 e a c h under

Penalty CGST, SG ST, G ST A c t)
THANK YOU