{"id":4384,"date":"2018-11-22T17:43:28","date_gmt":"2018-11-22T12:13:28","guid":{"rendered":"https:\/\/taxclick.org\/?p=4384"},"modified":"2018-11-23T14:31:02","modified_gmt":"2018-11-23T09:01:02","slug":"gst-annual-return","status":"publish","type":"post","link":"https:\/\/taxclick.org\/type\/gst\/gst-annual-return\/","title":{"rendered":"GST Annual Return"},"content":{"rendered":"

INTRODUCTION<\/strong><\/p>\n

GST Act makes provisions for Annual Return and Annual Audit Report. These reports are required to be filed for each financial year (April-March) by 31st December after close of financial year.<\/p>\n

Each taxable person (other than taxable person paying GST under composition scheme) is required to file monthly return in Form GSTR-3B. In addition, he has to file return in form GSTR-1 giving invoice wise details of his outward supply.<\/p>\n

Taxable person paying GST under composition scheme (under section 10 of CGST Act) is required to file quarterly return in form GSTR-4.<\/p>\n

In addition to monthly\/quarterly return, a taxable person has to file Annual Return. Annual Return in form GSTR-9 is for those who are paying tax under normal scheme, while Annual Return in form GSTR-9A is for those taxable persons who pay tax under composition scheme.<\/p>\n

The Annual Return (in form GSTR-9 or GSTR-9A) is basically summary of the monthly\/quarterly returns filed by a taxable person. The Annual Return is to be accompanied by Annual Audit Report in case of taxable persons having aggregate turnover exceeding Rs. two crores in the financial year.<\/p>\n

The Annual Audit Report (in form GSTR-9C) is basically a reconciliation statement between the Annual Return and the Audited Annual Financial Statement of taxable person. In addition, if Auditor is of the view that some tax, interest, late fee or any other amount is payable or some amount Input Tax Credit is reversible, that has to be disclosed. The Annual Audit Report is required to be certified by practicing CA\/CMA.<\/p>\n

ANNUAL RETURN OF GST<\/strong><\/p>\n

Annual return has to be filed by 31st December following the close of financial year under section 44 of CGST Act. For financial year 2017-18, the return is required to be filed for the period July 2017 to March 2018.<\/p>\n

The return is to be filed by registered person supplying goods or services or both. The Annual return is not required to be filed by Input Service Distributor, person paying TDS under section 51, e-commerce operator paying TCS under section 52, casual taxable person and a non-resident taxable person.<\/p>\n

Following Registered persons have to file annual returns \u2013<\/p>\n