How to File GST Annual Return for 2021

Implemented in India from 1st July 2017, over 1.3 crore businesses have been registered under GST. All entities registered under GST must file annual returns by the scheduled GST return due date.

GST annual return filing is mandatory for entities with a turnover of more than two crores. Even dormant businesses with GST registration must comply.

What is GSTR 9: Annual Return Filing?

GSTR 9 is the annual return that is to be filed yearly by taxpayers registered under GST. It includes details of outward and inward supplies made during the financial year under CGST, SGST, and IGST. Before filing, GSTR 1, 3B, or 4 must be submitted.

Who should file GSTR 9?

All registered taxpayers under GST must file GSTR 9, except:

• Composition taxpayers (They must file GSTR-9A)
• Casual taxable persons
• Input service distributors
• Non-resident taxable persons
• Persons paying TDS under Section 51

GST Annual Return Due Date

The due date for GSTR 9 and GSTR 9C for FY 2019–20 was extended to 31st March 2021. The government simplified the forms by making many fields optional.

What details are required to be filled in the GSTR-9?

GSTR-9 consists of 6 parts and 19 sections:

• Details from filed returns and books of accounts
• Details of purchases, sales, tax paid, input tax credit, and reversals
• Classification of ITC – input, input services, capital goods
• Disclosure of ineligible or reversed ITC