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.