Annual Return

This discussion addresses how to handle GST declared and paid in the 2019-20 financial year for the 2017-18 period, particularly for government contractors. If no provision was made in the books for 2017-18, it doesn't need to be declared in the Annual Return for that year. However, it must be disclosed in GSTR 9C, noting the turnover discrepancy and explaining the reasons for the delay. The GST paid, along with any interest, should be shown in the auditor's recommended tax liability column.