The submission and processing of return is an important link between the taxpayers and tax administration. Section 44 of the Central Goods & Services Tax (CGST) Act, 2017 stipulates that every registered person shall furnish an annual return for each financial year. Annual return is a consolidation of returns filed i.e. GSTR 1 and GSTR 3B, by the taxpayer for the financial year. It will contain details of inward and outward supply along with tax payments with an option to report additional liability, if any.

GST annual return filing is mandatory for all entities having GST registration, irrespective of turnover during the financial year. Hence, even businesses that have obtained GST registration and having even NIL turnover must file annual return. GST registration holder who has obtained the registration anytime before 1st April 2018 are required to file GST annual return for the financial year 2017-18 on or before 30th June 2019 in form GSTR 9 notified by the CBIC which contains VI Parts and 19 Tables and similarly GSTR-9A for composition dealer.

Being a partner in GST Knowledge Dissemination, the GST & Indirect Taxes Committee of ICAI has come out with this publication namely “Handbook on GST Annual Return” which contains the detail analysis of Form GSTR-9 and GSTR-9A in a comprehensive manner for each table of the forms. I appreciate the efforts put in by the Chairman, Vice-Chairman and other members of the GST & Indirect Taxes Committee of ICAI for undertaking this tedious task and coming out with this Handbook.

I hope this publication will be beneficial to all the readers and assist them in their professional endeavours.

Download ICAI Handbook on GST Annual Return

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November 2020