GST Annual Return Filing
Ensure complete yearly GST compliance with
accurate and timely GSTR-9 filing. HIVA Professionals helps businesses consolidate their returns
properly and avoid penalties or compliance risks at the end of the financial year.
What is GST Annual Return?
GSTR-9 is the annual return that summarizes all monthly or quarterly GST returns filed during a
financial year. It consolidates details of outward supplies, inward supplies, tax paid, refunds
claimed, and Input Tax Credit availed. Annual filing and reconciliation requirements apply as
per the turnover limits notified under GST regulations.
Who Needs GST Annual Return Filing?
- Businesses registered under GST with regular taxpayer status.
- Taxpayers required to file GSTR-9 as an annual GST return.
- Businesses whose aggregate turnover exceeds the prescribed limit under GST law.
- E-commerce operators registered under GST.
- Businesses wanting to summarize yearly GST transactions and maintain compliance.
Types of GST Annual Return
Filing
01
GSTR-1A
- GSTR-1A is an amendment return used by businesses to correct or update details filed
in GSTR-1 for the same tax period.
- It can be submitted after filing GSTR-1 but before filing GSTR-3B.
02
GSTR-2A
- GSTR-2A is a read-only, dynamic return for buyers that shows all purchase details
from
GST-registered suppliers.
- The data is automatically updated based on suppliers’ GSTR-1 and IFF filings.
- It helps businesses track Input Tax Credit (ITC), but no changes can be made in it.
- If any invoice is missing, the buyer must ask the supplier to update it in their
GSTR-1.
03
GSTR-2B
- GSTR-2B is a read-only, static GST return for buyers that shows eligible Input Tax
Credit (ITC) for a specific period.
- It is generated monthly (from August 2020 onwards) and does not change once issued.
- The data includes ITC details from suppliers’ filings (GSTR-1/IFF) for a defined
period
and is made available on the 12th of every month.
It helps taxpayers identify:
- Eligible and ineligible ITC
- ITC under reverse charge
- Actions required while filing GSTR-3B
04
GSTR-3B
- GSTR-3B is a summary GST return filed to report sales, Input Tax Credit (ITC), tax
liability, and tax payment. It is mandatory for all regular GST-registered
taxpayers.
- Before filing, businesses should match data with GSTR-1 and GSTR-2B to avoid errors
or
future notices.
Filing Frequency:
- Monthly (20th of next month): For taxpayers with turnover above
₹5 crore or not
under QRMP scheme
- Quarterly (22nd/24th): For taxpayers up to ₹5 crore under QRMP
scheme
05
GSTR-4
- GSTR-4 is an annual return filed by taxpayers registered under the composition
scheme.
It must be submitted by 30th April of the following financial year.
- This return replaced GSTR-9A from FY 2019-20 onwards.
Now, composition taxpayers pay tax quarterly using CMP-08 and file GSTR-4 annually.
The composition scheme is for small taxpayers:
- Up to ₹1.5 crore turnover (goods)
- Up to ₹50 lakh turnover (service providers)
06
GSTR-5
- GSTR-5 is a return filed by non-resident foreign taxpayers who are registered under
GST
and carry out business activities in India.
- It includes complete details of outward supplies (sales), inward supplies
(purchases),
along with credit/debit notes and the total tax liability.
- The return also covers the taxes paid during the relevant period under the
registered
GSTIN.
- GSTR-5 is required to be filed on a monthly basis, and the due date is the 20th of
every
month.
07
GSTR-5A
- GSTR-5A is a return used by service providers offering online information and
database
access or retrieval services (OIDAR) to report their taxable supplies under GST.
- It mainly captures the details of outward supplies made and the total tax payable
for
the given period.
- This return is required to be filed on a monthly basis, with the due date being the
20th
of every month.
08
GSTR-6
- GSTR-6 is a monthly return that needs to be filed by an Input Service Distributor
(ISD)
under GST.
- It includes details of the input tax credit received and how that credit has been
distributed to different units or branches.
- The return also captures information about the documents issued for distributing the
credit and the method used for allocation.
- GSTR-6 must be filed every month, and the due date is the 13th of the following
month.
09
GSTR-7
- GSTR-7 is a monthly return filed by taxpayers required to deduct TDS under GST.
- It includes details of the TDS deducted, total liability, amount paid, and any
refund claimed.
- This return helps in reporting and tracking TDS transactions under GST compliance.
- GSTR-7 must be filed every month, with the due date being the 10th of the following
month.
10
GSTR-8
- GSTR-8 is a monthly return filed by e-commerce operators who are required to collect
TCS
(Tax Collected at Source) under GST.
- It includes details of all supplies made through the platform, along with the amount
of
TCS collected on those transactions.
- The return helps in reporting sales done via the e-commerce portal and the tax
collected
on behalf of sellers.
- GSTR-8 must be filed every month, with the due date being the 10th of the following
month.
11
GSTR-9
- GSTR-9 is an annual return filed by taxpayers registered under GST.
It must be submitted by 31st December of the following financial year.
- It includes complete details of outward and inward supplies for the year, along with
tax
paid under different heads like CGST, SGST, and IGST, and a summary of transactions
based on HSN codes.
- This return acts as a consolidation of all returns filed during the year, such as
GSTR-1, GSTR-2A, and GSTR-3B, giving a full overview of GST activities.
- While it is mandatory for most taxpayers, certain categories like composition scheme
holders, casual taxpayers, input service distributors, non-residents, and TDS
deductors
are not required to file it.
12
GSTR-9C
- GSTR-9C is a reconciliation statement that compares the details in the books of
accounts
with the figures reported in GSTR-9.
- It must be filed by GST-registered taxpayers whose annual turnover exceeds ₹5 crore
during the financial year.
- The due date for filing GSTR-9C is the same as GSTR-9, which is 31st December of the
following financial year.
- This statement is filed separately for each GSTIN, so a single PAN may require
multiple
GSTR-9C filings.
13
GSTR-10
- GSTR-10 is a return filed by taxpayers whose GST registration has been cancelled or
surrendered.
- This return replaced GSTR-9A from FY 2019-20 onwards.
Now, composition taxpayers pay tax quarterly using CMP-08 and file GSTR-4 annually.
- This return must be filed within 3 months from the date of cancellation or the
cancellation order, whichever comes earlier.
14
GSTR-11
- GSTR-11 is filed by entities that have been issued a Unique Identity Number (UIN) to
claim GST refunds on purchases made in India.
- It mainly applies to foreign diplomatic missions and embassies that are not liable
to
pay tax in India.
- The return includes details of inward supplies received and the refund amount
claimed
for the period.
Documents Required
- GSTIN and login credentials
- Sales and purchase invoices
- GST return filing details
(GSTR-1 & 3B)
- Input Tax Credit (ITC)
details
- Financial statements (P&L,
Balance Sheet)
- Others
How to Apply for GST
Annual Return Filing?
GST Annual Return can be filed online through the official
government Goods and Services Tax Network (GST Portal).
Basic Steps:
- Log in to the GST portal using your GSTIN and login credentials.
- Go to the “Returns Dashboard” and select the relevant financial year.
- Choose the applicable annual return form (such as GSTR-9 or GSTR-9C).
- Enter the required details including sales, purchases, tax paid, and Input Tax Credit (ITC)
for the financial year.
- Verify the details with previously filed returns like GSTR-1 and GSTR-3B.
- Submit the return using DSC (Digital Signature Certificate) or EVC (Electronic Verification
Code).
- After successful submission, an Acknowledgement Reference Number (ARN) is generated as proof
of filing.
Advantages and
Limitations
Advantages
- Helps businesses complete annual compliance as per GST law.
- Allows proper matching of GST returns with financial statements.
- Provides a clear summary of all transactions for the entire year.
- Minimizes chances of GST scrutiny or receiving notices.
Limitations
- Requires complete financial records and GST details for the year.
- Reconciling yearly data takes significant time and effort.
- Delay in filing attracts penalties and daily late fees.
- Usually requires professional tax experts to file accurately.
Why Choose HIVA Professionals?
-
Experienced GST professionals
Skilled experts handle annual return filing with proper review and
accuracy.
-
Accurate data reconciliation
Careful matching of GST returns with financial records to avoid errors.
-
Timely filing support
Ensures GST annual returns are filed on time to prevent penalties.
-
Error-free documentation
Proper verification of details to reduce the chances of notices or
corrections.
-
Complete compliance assistance
End-to-end support for smooth and hassle-free GST annual return filing.
