GST annual return deadline is December 31: Why should you file it even if not liable to file one
Goods and Services Tax(GST) registered person needs to file GST annual return using GSTR-9 form on or before December 31, 2024, for FY 2023-24. However, for FY 2017-18, 2018-19, 2019-20, 2020-21, 2021-22, 2022-23 and 2023-24 it is optional for taxpayers to file GSTR-9 (annual return) if their annual turnover is less than Rs 2 crore.
ET Year-end Special Reads
How India's political landscape changed after assembly polls in eight states
Trent, Zomato among 33 biggest wealth creators this year. What will make money in 2025?
Telcos investment recovery in limbo, price war with satcom services likely in 2025
GST annual return is filed using GSTR-9, GSTR-9C or GSTR-9A form
There are different GST annual return forms based on the type and turnover of the GST registered business. GSTR-9 is filed by those who have acquired or held a GST registration at any point during the relevant financial year and are required to submit an annual GST return.
Taxpayers who have opted for the composition scheme under GST must use the GSTR-9A form for filing an annual return. If an GST registered person's annual turnover is more than Rs 5 crore then they need to file GSTR-9C along with GSTR-9 (annual return). GSTR-9C is an annual reconciliation statement.
«As per Legal provision of Section 44(1) of CGST Act, every registered person shall be required to file GSTR-9. Hence, irrespective of the turnover, every registered person under GST is required to file GSTR-9. As per Section 44(2), GSTR-9C should be filed along with the annual return
