GST Annual Return
GSTR 9 is the annual statement that taxpayers under the GST system must submit annually. This form encapsulates information about both outgoing and incoming supplies throughout the pertinent fiscal year. Including details from CGST, SGST, and IGST, GSTR 9 serves as a comprehensive summary of all the periodic returns submitted during that year.
GST Annual Return
Prior to submitting GSTR 9, taxpayers should ensure they've completed all GSTR-1, GSTR-3B, or GSTR 4 submissions. If there are outstanding dues, individuals with GSTR registration won't have the privilege to submit their annual GST return
The GSTR-9 or annual GST return should be submitted by taxpayers by December 31st. Individuals such as non-resident taxable persons, casual taxable persons, TDS deductors, and TCS collectors enrolled under the GST Composition scheme can skip filing GSTR-9 if their annual turnover surpasses Rs. 2 crore. Nevertheless, in such cases, taxpayers must have their returns audited by a Chartered Accountant or Cost Accountant
