​GST Annual Return Filing is the process by which registered businesses under GST are required to submit a consolidated return summarizing their financial activities over the entire financial year. This return is known as GSTR-9 and it compiles details from all the monthly or quarterly GST returns filed throughout the year.

​

QuickAssist is your go-to expert for GST Annual Return filing. We simplify the entire process, ensuring your returns are accurate and compliant with all regulations. With our team handling the complexities, you can rest easy knowing your GST Annual Return is filed correctly and on time, freeing you to concentrate on growing your business. Let QuickAssist take the stress out of GST filing, making it a straightforward and worry-free experience.

​

Who Needs to File?

​

All regular taxpayers registered under GST, including those registered under the composition scheme, are required to file an annual return. However, certain categories such as casual taxable persons, non-resident taxable persons, and input service distributors are exempt from filing this return.

​

Types of Annual Returns:
 

• GSTR-9: The standard annual return for regular taxpayers.

• GSTR-9A: For taxpayers registered under the Composition Scheme.

• GSTR-9C: A reconciliation statement for taxpayers whose turnover exceeds the prescribed limit, along with a certification from a Chartered Accountant.​

​

Due Date and Penalties:

​

The due date for filing the GST Annual Return is typically December 31st following the end of the financial year. Late filing of the annual return can result in penalties, including a late fee charged on a per-day basis, subject to a maximum limit.

​​

Key Components of the GST Annual Return:
 

• Outward Supplies: Details of all sales and services provided during the year.

• Inward Supplies: Details of all purchases and services received, including those subject to reverse charge.

• Input Tax Credit (ITC): A summary of the ITC claimed throughout the year.

• Tax Paid: Information on the total tax paid during the year, including any additional tax, interest, or penalties.

• Demands and Refunds: Details of any demands raised or refunds claimed during the financial year.