GST Annual Return Filing

Annual Return is an yearly statement which gives an insight about the financial position of the business.

How Does Online GST Annual Return Filing Work?

We conduct a thorough search of the GST Annual Return directory
Step 1

Advice on the classes you need toapply under
Step 2

You will receive updates until registration
Step 3

Advantages of GST Annual Return Filing

Due date of Filing: 

GSTR-4 has to be filed by the 30th of the month succeeding the financial year or as provided by the Government from time to time. GSTR-4 for the financial year 2019-20 has to be filed latest by 30/08/2020.

The main purpose of filing GST returns are:

  1. Compliance verification program of tax administration.
  2. It gives input in taking policy decisions
  3. Management of audit and anti-tax evasion programs of tax administration
  4. Finalization of the tax liabilities of the taxpayer within the specified period.

Checklist (Documents required) - Details required for GST Annual Return Filing

1. GSTIN.
2.Name.
3.Period of Return filing.
4. Aggregate turnover of the Taxpayer.
5.Transaction of outward supplies invoices wise & Consolidated.
6. Transaction of inward supplies
7. Details debit and credit note issues if any.

FAQs

Income Tax Return or IT-Return is a statement that every taxpayer of the country has to file with the Income Tax Department stating the sources of the income, amount of income earned and taxes paid during that financial year.

An individual is eligible for filing Income Tax Return when his or her annual income is above Rs. 2,50,000. However, this limit is more in the case of senior citizens.

The Income Tax Return of a taxpayer for the financial year 2019-20 should be put in by 30/11/2020.

A taxpayer needs to provide his or her name, date of birth, address of correspondence, PAN, Aadhar number, bank account details. Any other details which are being required depend on the source of your income.

The main purpose of filing GST returns are:

  1. Compliance verification program of tax administration.
  2. It gives input in taking policy decisions
  3. Management of audit and anti-tax evasion programs of tax administration
  4. Finalization of the tax liabilities of the taxpayer within the specified period.

Everybody registered has to file GST returns every month in Forms GSTR-1, GSTR-2 and GSTR-3. To facilitate the ease of filing for small and medium sizes businesses whose turnover does not exceed 1.5 crore, such taxpayers can opt to file returns quarterly through GSTR-1, GSTR-2 and GSTR-3.

No, there is no GST return which is to be filed on a half-yearly basis.

According to Section 44 of the GST Act, annual return should be filed on or before 31st December of every financial year. We will assist you in filing your returns timely.

No, every registered person has to file an annual return for the financial year except as provided in section 44(1).

FORM GSTR-9 is called the annual return form.

FORM GSTR-9 is available on the GST common portal.

There are only requirements for filing GSTR-9:

  1. The taxpayer should have an active GSTIN number during the financial year.
  2. The taxpayer should have already filed all applicable returns i.e. FORM GSTR-1 and FORM GSTR-3B during that financial year before filing the annual returns.

Yes, it is important to file IT-Return even if TDS is fully deducted as Income Tax Return is a statement of your income earned and taxes paid. TDS is a part of your IT-Return.

ITR-V is an acknowledgement you get on your registered e-mail id that IT-Return has been successfully filed.

ITR-V has to be printed, signed and sent to the Central Processing Centre, Bengaluru through an ordinary post. This is known as verification of return. One has to do this within 120 days of filing your IT-Return. In case you do not do this, your return will be treated as invalid. However, you can also conveniently do this online.

Our Recommended Services

ANNUAL RETURN GSTR (REGULAR)

1,000/-

ANNUAL RETURN GSTR 9A (COMPOSITION)

750/-

ANNUAL RETURN (GSTR 9B) (TCS COLLECTOR)

1,500/-