GST Annual Return
GSTR 9 is the annual return that is to be to be filed yearly by the taxpayers registered under GST.GSTR 9 is to be filed yearly by the taxpayers registered under GST. It consists of details regarding the outward and the inward supplies made during the relevant financial year.GSTR 9 consists of details regarding the outward and the inward supplies made or received during the relevant financial year under CGST, SGST, and IGST. It is a consolidation of all the monthly/quarterly returns filed in that year.
GST Annual Return
Before filing GSTR 9, the taxpayer must file all GSTR-1, GSTR-3B, or GSTR 4 returns. In case of over dues, the GSTR registration holder will not be allowed to file an annual GST annual return.
GSTR-9 return or annual GST return must be filed by taxpayers on or before the 31st of December. Non-resident taxable persons, Casual taxable persons, TDS deductors and TCS collectors registered under GST Composition scheme can avoid filing GSTR-9 return if the annual turnover exceeds Rs.2 crore. However, under these circumstances, the taxpayer shall audit the returns by a Chartered Accountant or Cost Accountant.