GST
GST Annual Return Filing
Annual consolidation and reconciliation of GST data through GSTR-9 and GSTR-9C filing.
Overview
GSTR-9 is the annual return that consolidates all monthly/quarterly returns filed during the financial year. It includes details of outward and inward supplies, tax paid, input tax credit and other adjustments. GSTR-9C is a reconciliation statement (self-certified) that reconciles the GSTR-9 figures with the audited financial statements.
Who Must File?
- GSTR-9: All regular taxpayers (mandatory for turnover above Rs 2 crores, optional for others)
- GSTR-9C: Taxpayers with turnover above Rs 5 crores
What We Handle
- Compilation and reconciliation of monthly return data
- Comparison with books of accounts and financial statements
- Identification and resolution of discrepancies
- GSTR-9 preparation and filing
- GSTR-9C reconciliation statement preparation
Why Choose VSB Consultants?
Annual returns require careful reconciliation between monthly returns, books of accounts and financial statements. Our team identifies discrepancies early and ensures accurate filing.
Requirements, documents, government fees, professional fees and timelines may vary depending on the applicant, jurisdiction, portal status and applicable law. The final scope will be confirmed after reviewing the specific case.
FAQ
Frequently Asked Questions
The due date for GSTR-9 is 31st December of the year following the financial year (e.g., GSTR-9 for FY 2024-25 is due by 31st December 2025), unless extended by the government.
GSTR-9C is mandatory for taxpayers with aggregate turnover exceeding Rs 5 crores in the financial year. It is a self-certified reconciliation statement.
Non-filing of GSTR-9 attracts a late fee of Rs 200 per day (Rs 100 CGST + Rs 100 SGST) subject to a maximum of 0.5% of the turnover in the state/UT.
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