Who are required to file GST Annual Return despite filing monthly returns?

 

1.  GST Annual Return i.e. GSTR 9 is basically an annual return which is to be filed by the taxpayers registered under the GST Act.

 

2.  It contains the details of the inward and outward supplies made during the financial year.

3.  In simple words if we summarise it then it is the consolidation of all our monthly Returns (GSTR 1, GSTR 3B, GSTR 2B).

4.  GSTR 9 is divided into 6 parts and 19 sections.
– Sales is bifurcated into supplies that are subject to tax and not subject to tax.
– Purchases are to be classified into input, input services & capital goods.
– ITC regarding the ineligible supplies made during the year also need to be reversed.

5.  Now who are ones who need to file the Annual Return:
The simple answer is every person registered under the GST Act having a turnover more than 2 Crore Rupees in any year since FY 2017-18 except the given below six notified persons that are :

– Taxpayers registered under the composition scheme (Sec 10 of CGST Act, 2017).
– Input Service Distributor.
– Casual Taxable Person.
– Non Resident Taxable Person.
– Person paying TDS under Section 51 of CGST Act, 2017.
– Person collecting TCS under Section 52 of CGST Act, 2017.

6.  Every other person mentioned above having turnover more than the prescribed limit shall file GSTR 9.

7.  The due date to file GSTR 9 for a relevant financial year is by 31st of December of the year following the relevant financial year (If we take an example due date for GSTR 9 for FY 23-24 will be 31 December 24).

8.  There is also GSTR 9C which is to be filed by some notified persons which we will discuss in another part.