GST Annual Return

Guides » GST in India » GST Annual Return

GST Annual Return

Goods and Service Tax is one of the biggest tax reform in India. Introduction of Goods and service tax has subsumed various taxes like VAT, entry tax, octroi, excise duty, service tax, purchase tax etc. Introduction of Goods and service tax has brought along with it requirement of filing returns in different forms depending on the class of taxpayer. Apart from monthly, the registered taxpayer is also required to file an annual return. However, the format of annual return was still not introduced by the Government until recently. Vide notification no. 39/2018 – Central Tax dated 4th September, 2018, the Government has provided the format of FORM GSTR – 9 and FORM GSTR – 9A. It must be noted here that FORM GSTR – 9 is applicable to the normal taxpayer, whereas, FORM GSTR – 9A is applicable to a person who has opted for composition scheme.

Details To Be Furnished In Form GSTR 9

FORM GSTR – 9 is divided into 6 parts and details which the normal taxable person needs to furnish in FORM GSTR – 9 are summarized hereunder:

  • PART – I – Basic Details;
  • PART – II – Details of outward and inward supplies declared during the financial year;
  • PART – III – Details of Input Tax Credit as declared in returns filed during the financial year;
  • PART – IV – Details of tax paid as declared in returns filed during the financial year;
  • PART – V – Particulars of the transactions for the previous FY declared in returns of April to September of current FY or up to the date of filing of annual return of previous FY whichever is earlier;
  • PART – VI – Other information –
  1. Particulars of Demand and Refunds;
  2. Information on supplies received from composition taxpayers, deemed supply under section 143 and goods sent on approval basis;
  3. HSN wise summary of outward supplies;
  4. HSN wise summary of inward supplies;
  5. Late fee payable and paid.

A copy of GSTR-9 is reproduced below for reference:

GSTR-9 Format

Details To Be Furnished In Form GSTR – 9A

FORM GSTR – 9A is divided into 5 parts and details which the composition scheme taxable person needs to furnish in FORM GSTR – 9A are summarized hereunder:

  • PART – I – Basic Details;
  • PART – II – Details of outward and inward supplies declared during the financial year;
  • PART – III – Details of tax paid as declared in returns filed during the financial year;
  • PART – IV – Particulars of the transactions for the previous FY declared in returns of April to September of current FY or up to the date of filing of annual return of previous FY whichever is earlier;
  • PART – V – Other information –
  1. Particulars of Demand and Refunds;
  2. Details of credit reversed or availed;
  3. Late fee payable and paid.

A copy of GSTR-9A is reproduced below for reference:

GSTR-9A Format

Leave a comment