Auditors And Secretaries In Tambaram

GST Annual Return

GST annual return filing is mandatory for all organization having GST registration, irrespective of business activity or sales or profitability during the return filing period. Hence, even a dormant business that obtained GST registration must file Nil GST return.

Before filing GST annual return the taxpayer must have filed all GSTR-1 or GSTR-3B or GSTR-4 return for the period of  April to March. In case there are overdue GST returns for the above-mentioned period, the GST registration holder will not be allowed to file GST annual return.

GST Annual Return Types

  • GSTR-9: All GST registered organization are required to file GST annual return in form GSTR-9.
  • GSTR-9A:GST Composition Scheme under Goods and Services Tax (GST) are required to file GSTR-9A.
  • GSTR 9C is applicable who obtain an annual GST audit of their accounts. GSTR-9C must be prepared and certified by a Chartered Accountant or Cost Accountant. GST audit is applicable for person having GST registration with an annual aggregate turnover of above Rs. 2 crores in a particular financial year.

GST RETURN FILLING

Registered organization are required to file 2 monthly returns and 1 annual return, in a year.

Organization have to file the GSTR-3B return every month providing details of sales and purchases made in a month. GSTR-1 return must be filed every month by businesses having an annual revenue of over Rs.1.5 crores/Having less than 1.5 crores of turnover required to file on a quarterly basis.

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