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about annual returns

10 June 2018

we are 20 lakhs below shop and receiving commercial rent . so we are
in GST regular. we are filing returns every month.
we have to give annual returns ?

please suggest and guide me,
thank u.

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2 Replies

prakin singhal (314 Points)
Replied 10 June 2018

Annual return is mandatory to all the taxpayers.

GST audit is only required if the Gross Turnover exceed RS.200 lakhs

1 Like

Vinod Babu (24196 Points)
Replied 10 June 2018

Annual return is compulsory to filed to all tax payers.
The details of annual returns are as follows:
. GSTR 9 : GSTR 9 should be filed by the regular taxpayers filing GSTR 1, GSTR 2, GSTR 3.

GSTR 9A – GSTR 9A should be filed by the persons registered under composition scheme under GST.

GSTR 9B – GSTR 9B should be filed by the e-commerce operators who have filed GSTR 8 during the financial year.

GSTR 9C – GSTR 9C should be filed by the taxpayers whose annual turnoverexceeds Rs 2 crores during the financial year. All such taxpayers are also required to get their accounts audited and file a copy of audited annual accounts and reconciliation statement of tax already paid and tax payable as per audited accounts along with GSTR 9C.

GSTR-9 shall be filed on or before 31st December of the subsequent financial year.

For instance for FY 2017-18, the due date for filing GSTR 9 is 31st December, 2018.