GST Annual Returns

GST Annual Returns

All business having GST registration should file an annual return in prescribed format irrespective of turnover. The return consists of details such as inward/outward supplies, taxes paid, refund claimed, demand raised and ITC availed by the taxpayer
GSTR-9C is a reconciliation statement which must be filed by those Taxpayers whose aggregate turnover in a financial year exceeds Rs 2 Crores and it is to be certified by a Cost Accountant or Chartered Accountant. This Audit Report must be digitally signed by the GST Auditor and the auditor must has to report all discrepancies or liabilities in GST returns during the financial year, if any.