GST Annual Return (GSTR 9/9A)
GST Annual Return is a form that needs to be filed by registered taxpayers under the Goods and Services Tax (GST) regime. It is a summary of all the transactions made by the taxpayer during the financial year. The GST Annual Return needs to be filed once a year by all registered taxpayers, except for certain exceptions.
Here are the steps to file the GST Annual Return:
Step 1: Log in to the GST portal
Log in to the GST portal at www.gst.gov.in using your registered credentials.
Step 2: Go to the Annual Return section
Click on the 'Services' tab on the dashboard and select the 'Annual Return' option.
Step 3: Select the financial year
Select the financial year for which you want to file the GST Annual Return.
Step 4: Enter the details
Enter the details required in the GST Annual Return form, such as turnover, outward and inward supplies, tax liability and payment, input tax credit, etc.
Step 5: Verify the details
Verify all the details provided in the form and make any changes if required.
Step 6: Submit the form
Submit the GST Annual Return form after verifying all the details provided.
Step 7: Pay any outstanding tax liability
If there is any outstanding tax liability, pay it before submitting the GST Annual Return form.
Step 8: Receive acknowledgement
Once the form is submitted successfully, you will receive an acknowledgement for the same.
In summary, the GST Annual Return is a summary of all the transactions made by a registered taxpayer during the financial year. You can file it online by logging in to the GST portal and following the steps mentioned above. It is important to file the GST Annual Return within the due date to avoid any penalties or late fees.