GST Annual Return Filing is a mandatory requirement for all businesses registered under GST. The annual return consolidates all monthly or quarterly returns filed throughout the financial year, providing a comprehensive summary of sales, purchases, input tax credit, and tax liability. Accurate and timely filing of the GST Annual Return is crucial for compliance and helps businesses maintain a good tax record.

With Vision Tax’s GST Annual Return Filing Services, businesses can ensure accuracy, maximize input tax credits, and maintain compliance, avoiding penalties and simplifying year-end reporting.

• Legal Compliance: Fulfills statutory requirements, ensuring compliance with GST laws.
  

• Enhanced Input Tax Credit (ITC): Identifies discrepancies and unclaimed ITC, maximizing tax benefits.
  

• Avoidance of Penalties: Timely filing avoids late fees and potential interest charges.
  

• Complete Financial Summary: Consolidates all GST transactions for easy year-end reporting.
  

• Improved Tax Record: Maintains a positive compliance rating with tax authorities.

1. Data Consolidation: Gathering and verifying all sales, purchases, and tax payments from monthly or quarterly returns.

2. Input Tax Credit Review: Ensuring that eligible ITC is claimed and discrepancies are addressed.

3. Tax Liability Calculation: Verification of total tax liabilities paid versus due for accuracy.

4. Reconciliation of Accounts: Matching financial records with GST returns to ensure consistency.

5. Response to Queries: Support in addressing any questions or notices related to the annual return.

• GST-Registered Businesses: All GST-registered entities are required to file an annual return, including proprietorships, partnerships, companies, LLPs, and trusts.
  

• Regular and Composition Dealers: Both regular taxpayers and composition scheme dealers must file their respective annual returns.
  

• E-commerce Operators and Suppliers: E-commerce businesses and their suppliers must file annual returns to report their financial year activity.

• GST Registration Certificate: Proof of GST registration.
  

• Monthly or Quarterly GST Returns: GSTR-1, GSTR-3B, and other periodic returns for the financial year.
  

• Purchase and Sales Invoices: Complete record of all transactions for reconciliation and tax credit.
  

• Bank Statements: To verify reported income and expenses as part of the reconciliation process.
  

• Additional Documents for Reconciliation: Any other financial records or transaction summaries as required.

1. Collect monthly or quarterly returns (GSTR-1, GSTR-3B) for the entire financial year.

2. Verify sales and purchase data, checking for any discrepancies or missing information.

3. Calculate total input tax credit and tax liability for the year.

4. Prepare the GST annual return form (GSTR-9) and reconciliation statement (GSTR-9C if applicable).

5. Submit the annual return and generate an acknowledgment.

1. Data Collection: Gather all monthly and quarterly returns, invoices, and bank statements.

2. Data Verification and Reconciliation: Reconcile data with financial records to ensure accuracy.

3. Annual Return Preparation: Complete GSTR-9 (and GSTR-9C for applicable entities) based on consolidated data.

4. Compliance Review: Check for discrepancies in input tax credit, sales, and tax liability.

5. Submission and Acknowledgment: File the return on the GST portal and retain acknowledgment.

• GSTR-9: Annual return that consolidates monthly/quarterly filings for regular taxpayers.
  

• GSTR-9A: Annual return for composition scheme dealers summarizing their transactions.
  

• GSTR-9C: Reconciliation statement for businesses that require an audit, detailing any discrepancies between filed returns and financial statements.

Our Fees: Rs. 1,500 + GST per annum
Additional fees apply for reconciliation or audit requirements based on business complexity.

Processing generally requires 3-7 days after receipt of all necessary documents, depending on business complexity.