GST Annual Return Filing Services in India

The tax administration in India has made it mandatory for all taxpayers registered under the Goods and Services Tax (GST) regime to file annual returns every year. These annual returns contain details of inward and outward supplies under different tax heads like CGST, SGST, and IGST. In addition to this, the turnover and audit details also need to be entered.

The annual return for all the taxpayers liable to pay GST is called Form GSTR-9. This form is filed by all the registered entities in India irrespective of their location, size, and business model.

Taxpayers whose aggregate turnover is more than two crores have to file annual returns as well as a copy of their audited financial statements, if required. This is done to ensure that the registered taxpayers are complying with their obligations under the law.

Form GSTR-9A is a simplified annual return that is filed by registered taxpayers who have opted for the composition scheme under GST. This form is filed by all the registered companies that have opted for composition as their taxation method in the current financial year.

The annual returns for all the e-commerce operators that have been registered under the GST regime are filed as Form GSTR-9B. This form is filed by all the registered e-commerce operators in India who have opted for composition as their taxation mode in the current financial year.

Moreover, there are also certain sub-categories of Form GSTR-9A and Form GSTR-9B that need to be filed by various entities. These sub-categories include Composition dealers, Deemed supplies and goods supplied on approval basis.

Form GSTR-9C contains several tables that are automatically populated by the GSTN as per data that is available through Monthly filed GSTR-3B and GSTR 1 M returns of the taxpayers. However, it is important to note that the information in these tables needs to be correct and up to date.