GST Annual return filling

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GSTR-9 is a yearly return that all GST-registered businesses must file. It provides a summary of all sales and purchases made during the financial year, covering taxes like CGST, SGST, and IGST. This return brings together all the monthly or quarterly returns filed during the year.

At Vyapaar Registration, we simplify the GSTR-9 filing process to make it easier for you. We ensure that you file it on time, with clear guidance every step of the way. Let us help you handle your GSTR-9 filings accurately and stress-free!

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What is GSTR-9 and Who Needs to File It

GSTR-9 is an annual return that businesses registered under GST must submit. It includes details about all sales and purchases made throughout the year, covering taxes like CGST, SGST, and IGST. The return consolidates monthly or quarterly returns and provides a summary of a business's financial and tax details for the entire year.
While it is mandatory for businesses with a turnover above Rs. 2 crore, it is optional for those whose turnover is below this limit.

Who must file GSTR-9?

Regular businesses registered under GST need to file GSTR-9.

Special Economic Zone (SEZ) units and developers must also submit GSTR-9.

If a business transitions from the Composition Scheme to regular taxation during the year, they are required to file GSTR-9.

What is GSTR-9A and Who Needs to File It?

GSTR-9A is the annual return filed by businesses registered under the Composition Scheme in GST. This return captures details of sales, purchases, and taxes paid for the entire year, but the information is simplified compared to GSTR-9.
Businesses under the Composition Scheme are not required to file GSTR-9 but must file GSTR-9A annually to report their transactions.

Who must file GSTR-9A?

Businesses with an annual turnover of up to Rs. 1.5 crore, opting for the Composition Scheme, must file GSTR-9A.

Small businesses with turnover under Rs. 2 crore and opting for the Composition Scheme must submit this return.

What is GSTR-9C and Who Needs to File It?

GSTR-9C is a reconciliation statement that includes an audit report for taxpayers with annual turnover exceeding Rs. 2 crore. It reconciles the details provided in the GSTR-9 return with the taxpayer's financial statements. The return is accompanied by an auditor's certification (either by a Chartered Accountant or Cost Accountant) confirming the accuracy of the financial information provided.

Who must file GSTR-9C?

Taxpayers whose turnover exceeds Rs. 2 crore and are required to get their accounts audited must file GSTR-9C.

Businesses that need to reconcile their financial records with GST filings will need to file this return.

What is GSTR-10 and Who Needs to File It?

GSTR-10 is a final return that must be filed when a GST-registered business cancels its GST registration. It includes details of all sales, purchases, and tax payments until the cancellation date.
It ensures that the taxpayer has fulfilled all tax liabilities and complies with GST provisions when winding up or closing their business.

Who must file GSTR-10?

If a business cancels its GST registration, it must file GSTR-10 to declare its final tax liabilities.

Those whose GST registration has been canceled or voluntarily surrendered need to file GSTR-10 to complete the process.

What is GSTR-11 and Who Needs to File It?

GSTR-11 is an annual return for foreign nationals or foreign entities who are registered under GST with a Unique Identity Number (UIN). This return allows them to claim refunds for any GST paid on purchases made in India.
It includes details of inward supplies (purchases), taxes paid, and the refund claim.

Who must file GSTR-11?

Foreign diplomats, foreign embassies, or other foreign entities who have a Unique Identity Number (UIN) must file GSTR-11 to claim a refund for taxes paid on their purchases.

This return is meant for non-resident foreign businesses who have paid GST in India and wish to claim a refund.

Comparison table

This table provides clear and concise information, making it easier to understand the various GST annual returns and their requirements.

Return Type	Who Needs to File	Applicability	Purpose	Due Date	Required For	Turnover Limit	Filing Frequency
GSTR-9	Regular GST taxpayers	All businesses registered under GST	Summarizes entire year’s sales and purchases, taxes paid	December 31st of the subsequent year	Regular GST taxpayers	Rs. 2 crore or more	Annually
GSTR-9A	Taxpayers under the Composition Scheme	Small businesses registered under Composition	Simplified version of GSTR-9 for composition scheme taxpayers	December 31st of the subsequent year	Businesses under the Composition Scheme	Up to Rs. 1.5 crore	Annually
GSTR-9C	Taxpayers with turnover above Rs. 2 crore who require audit	Large businesses with turnover above Rs. 2 crore	Reconciliation of GSTR-9 with financial statements	Same as GSTR-9 due date	Businesses with turnover above Rs. 2 crore & requiring audit	Above Rs. 2 crore	Annually
GSTR-10	Businesses whose GST registration is canceled or surrendered	Businesses that cancel GST registration	Final return for businesses canceling registration	Within 3 months of cancellation	Deregistered businesses	N/A	Once (Upon Cancellation)
GSTR-11	Foreign taxpayers with a Unique Identity Number (UIN)	Foreign diplomats, embassies, and entities with UIN	Claiming refund for taxes paid on purchases in India	28th of the month after the end of the quarter	Foreign diplomats, embassies	No turnover limit (for UIN holders)	Annually

Key

GST Annual Return Filing

GSTR-9 is the standard annual return for regular GST taxpayers to consolidate their yearly GST details.

GSTR-9A is for small businesses under the Composition Scheme, making the filing process simpler.

GSTR-9C is a reconciliation return for large businesses that require auditing and reconcile their books with GST filings.

GSTR-10 is for businesses who cancel their GST registration, marking the end of their GST compliance.

GSTR-11 is meant for foreign diplomats and other entities with a UIN to claim refunds on GST paid in India.

Advantages of GST Annual registration

Filing the GST Annual Return ensures that your business complies with the legal requirements of GST law. Staying compliant helps you avoid penalties, fines, or legal trouble.

The annual return provides a clear picture of your business’s financial performance throughout the year, summarizing all your sales, purchases, and taxes paid, helping you track business growth.

By filing the annual return, you can reconcile and claim any pending Input Tax Credit (ITC), ensuring you do not lose out on any tax advantages available for your business.

For businesses with a turnover above Rs. 2 crore, filing the GST Annual Return makes audits easier. It also ensures that you have all the necessary information readily available to support your audit process.

GST Annual Return promotes transparency by consolidating all business transactions into a single report. This makes it easier for tax authorities to verify and monitor the taxes your business has paid and collected.

If you have excess tax credits or have paid too much GST, filing the annual return allows you to claim a refund for the excess amount paid, improving cash flow.

Filing GST returns on time shows that your business is organized and compliant with regulations. This can increase your credibility with stakeholders, partners, and financial institutions.

Timely filing ensures that you avoid penalties for late submissions. It helps maintain a good standing with tax authorities and keeps your business penalty-free.

GST Return Filing Requirements

GST Annual Return Filing Requirements	Details
1. GST Registration	Your business must be registered under GST to file the annual return.
2. Financial Records	Keep accurate records of your sales, purchases, and expenses for the year.
3. Periodic Returns	File monthly or quarterly returns (GSTR-1, GSTR-3B) throughout the year.
4. Tax Reconciliation	Match your tax payments with Input Tax Credit (ITC) for accuracy.
5. Audit Requirement	Businesses with turnover above Rs. 2 crore need a CA-certified GSTR-9C.
6. Documents Needed	Ensure you have all invoices, payment receipts, and records of any scheme transitions.
7. Timely Filing	File GSTR-9 by the due date (usually December 31st of the next year).
8. GST Refunds	If eligible, ensure all documents are ready to claim your GST refund.
9. Penalties	Late filing may lead to fines and interest.

GST Annual return filling

Steps

01

Fill out the Annual Return Form & Pay the Fees

02

Consult with Your GST Filing Expert

03

Submit Necessary Documents & Business Details

04

Receive Confirmation from Our Expert to Proceed

05

We Complete the Entire GST Annual Return Filing for Your Business

FAQ

The deadline for filing the GST Annual Return (GSTR-9) is typically December 31st of the year following the financial year. For example, for the financial year 2023-24, the return must be filed by December 31st, 2024.

Filing GSTR-9 is optional for businesses with a turnover of up to Rs. 2 crore. However, if your turnover exceeds this limit, filing the annual return becomes mandatory.

Yes, you can still file the GST Annual Return (GSTR-9) even if you missed monthly or quarterly returns. However it's important to ensure that your monthly or quarterly returns are filed before submitting the annual return.

If you miss the GST Annual Return filing deadline, you may face penalties and late fees. It's best to file the return on time to avoid these extra charges.

Once you submit the GST Annual Return, you can correct any mistakes during the filing of the next year’s return. However, for some errors, you may need to file an amendment return.

Most businesses will need to file GSTR-9. However, if you are a Composition Scheme taxpayer, you'll file GSTR-9A, and if you are an SEZ unit or developer, you may need to file GSTR-9B.

If you provide incorrect information, it could result in penalties or additional scrutiny from tax authorities. Always double-check your figures before filing to avoid issues.

Yes, a GST consultant can guide you through the filing process, ensure everything is accurate, and handle all technical aspects of the return filing for you.

If you haven’t received a notice, it’s still your responsibility to file the return on time. You can check your GST portal to verify if there’s anything pending or contact your GST consultant for help.

Yes, SEZ units and developers need to file GSTR-9B, which includes their special transactions. The filing process is similar to the regular return but has additional reporting specific to SEZ operations.