GST Annual Return Filing Online in India

GST Annual Return & Audit Registration

GST annual return filing is mandatory for every such entity that has a GST registration, whatever be the activity of the business, profit, or sale during the return filing time. Every GST registered organization needs to file an annual GST return within the due date to avoid late filing fees and interest. GST reconciliation statement (GST Audit) is to be filed when the turnover exceeds Rs. 2 crores.

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Process of Filing Annual GST Return & Audit

You shall provide details of sale, purchase and expense invoices in the simplified format provided by MyEfilings.

Our dedicated and expert team shall compute the GST liability for you and help you to pay the tax due to the government.

Returns shall be filed
within the due date.

Types of GST Annual Return

There are three types of GST annual return filing:

GSTR-9

Any entity that has a GST registration is required to file GST annual return using form GSTR-9.

GSTR-9A

Taxpayers who have opted for the GST Composition Scheme under Goods and Services Tax (GST) and have a GST registration are required to file GSTR-9A.

GSTR-9C (GST audit)

For filing the taxpayer’s reconciliation statement for a particular financial year, form GSTR 9C is required. It is a statement of reconciliation between the statistics provided in the taxpayer’s Audited Financial Statements and the annual returns in GSTR-9. A Chartered Accountant or Cost Accountant must prepare and certify a GSTR-9C. GST audit is applicable for those who have a GST registration and earn an annual aggregate income of over Rs. 2 crores during a specific financial year.

FAQ'S

For whom is filing of GSTR 9A return meant?

A regular GST taxpayer who files GSTR-1 and GSTR-3 is required to file GSTR-9A, combining the data provided in the previous financial year.

Does late filing of GSTR-9 return lead to a penalty?

Late filing of GSTR-9 return leads to a penalty of Rs.100 per day, up to a maximum amount of Rs. 5000. A taxpayer can file GSTR-9 return on the GST Portal only after filing all the GSTR-1, GSTR-2, and GSTR-3 returns.

Is it necessary to audit GSTR-9 return?

Yes. Regular taxpayers having a yearly aggregate income of over Rs. 2 crores during a financial year, who are registered under GST, are required to the GSTR-9 return with audited accounts. A practicing Chartered Accountant or Cost Accountant can audit the GSTR-9 accounts.

Is there any difference between GSTR-9 and GSTR-9C?

GSTR-9 is an annual return under GST. Only registered taxpayers under GST of the Regular Scheme (Monthly/Quarterly) must file it once every year. GSTR-9C is a reconciliation statement between the audited books of accounts and GSTR-9.

Can GSTR-9 be amended?

No, we cannot amend GSTR-9.