GST Annual Return

 GSTR-9 and GST-9C is an annual return to be filed by all registered taxpayers under GST except a few. It is an annual compilation of outward supplies, inward supplies, tax liability, and input tax credit profited during a financial year. The returns must be filed by 31 December following the particular financial year. Every taxpayer registered under GST laws must file GST return except casual & non-resident taxpayers, input services distributors.

Here are some exceptions for who are not mandated to file GST:​

 – ‘Casual Taxable Persons’ or ‘Non-resident taxable persons’ like exhibitors.

 – Input service distributors’ to divide the input tax credit of services that are invoiced in one location, however, are to be utilized in different States (for example – distribution of input tax credit relating to advertisement
services invoiced in one State, however, is used in other States).

 – A person is liable for deduction of tax at source. The Government has not put into function, the reduction of tax at source related provisions.

 

 

Innovante will help with all necessary steps and required documents. Proceed further by getting in touch with Innovante.

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