GST ANNUAL RETURNS
GST Annual Returns
GST Annual Return: Everything you need to know about the format, eligibility & rules around GSTR 9
Efforts are underway to finalize the contents of the annual return with the dual purpose of achieving simplicity and comprehensiveness.
GST returns comprises of two types of return – periodic and annual returns. Periodic returns are monthly or quarterly returns for reporting transactions during the month or quarter, while annual return is for reporting the summary of the periodic returns filed during a financial year. As the annual return is last return of the year thus, it assumes special significance.
Generally, all taxpayers are required to file the return with certain exceptions such as taxpayers who have obtained registration as: