Streamlining Your Tax Compliance.

Welcome to Trisuka, your trusted partner in all your financial and accounting needs. As a leading CA firm, we understand the importance of complying with the ever-changing tax regulations. One critical compliance requirement under the Goods and Services Tax (GST) regime is filing GST Annual Returns. In this article, we will provide you with a comprehensive guide to GST Annual Returns, including its definition, required documents, filing process, eligibility criteria, and the pros and cons associated with it. Additionally, we will address the five most commonly asked questions about GST Annual Returns.


GST Annual Returns

GST Annual Returns are comprehensive returns that registered taxpayers are required to file on an annual basis under the GST regime. These returns provide a summary of the taxpayer’s financial activities, including outward supplies, inward supplies, taxes paid, and input tax credit claimed, for the entire financial year. GST Annual Returns help in reconciling the tax liability and input tax credit availed during the year.

To successfully file GST Annual Returns, you will generally require the following documents:

  • Details of outward supplies, including invoices issued to registered taxpayers and unregistered taxpayers.
  • Inward supplies, including invoices received from registered suppliers.
  • Input tax credit availed during the financial year.
  • Reconciliation statements, if applicable.
  • Any other relevant supporting documents, such as credit and debit notes, amendments, and corrections.

Log in to the GST portal using your registered credentials.

  • Navigate to the “Returns” section and select the GST Annual Returns form.
  • Fill in the required details, including the summary of outward supplies, input tax credit, and tax liability for the entire financial year.
  • Verify the accuracy of the information provided and save the return as a draft.
  • Once you have reviewed and confirmed the accuracy, submit the GST Annual Returns form.
  • After successful submission, a unique reference number (ARN) will be generated as confirmation of filing.

All regular registered taxpayers under the GST regime are generally required to file GST Annual Returns. However, certain categories of taxpayers, such as Composition Scheme taxpayers and Input Service Distributors (ISDs), may have different requirements or exemptions.

  • Comprehensive overview: GST Annual Returns provide a consolidated summary of a taxpayer’s financial activities, ensuring a comprehensive overview of their GST compliance for the entire financial year.

  • Reconciliation opportunities: The annual returns facilitate the reconciliation of tax liability, input tax credit, and other details with the books of accounts, promoting accuracy and transparency.

  • Compliance fulfillment: Filing GST Annual Returns ensures compliance with the GST regulations, reducing the risk of penalties and legal consequences.

  • Complexity: GST Annual Returns can be complex, requiring the taxpayer to gather and consolidate a significant amount of information for the entire financial year.
  • Time-consuming: Due to the detailed nature of the returns, preparing and filing GST Annual Returns may be time-consuming, particularly for businesses with a high volume of transactions.
  • Potential errors: Inaccurate reporting or missing details in GST Annual Returns can lead to tax liabilities, reconciliation issues, and further scrutiny by tax authorities.


  1. What is the due date for filing GST Annual Returns? The due date for filing GST Annual Returns is generally on or before the 31st of December of the subsequent financial year.
  2. What are the consequences of late or non-filing of GST Annual Returns? Late or non-filing of GST Annual Returns can result in penalties, including a late fee of Rs. 200 per day, subject to a maximum of 0.25% of the taxpayer’s turnover. Non-compliance may also attract legal consequences and restrictions on certain business activities.
  3. Can I make amendments to my GST Annual Returns after submission? No, amendments to GST Annual Returns cannot be made after submission. It is crucial to ensure accuracy and review the information before filing to avoid errors.
  4. Is it necessary to file GST Annual Returns if my business had no activity during the financial year? Yes, even if your business had no activity during the financial year, you may still be required to file nil GST Annual Returns to comply with the GST regulations. It is important to check the specific requirements and exemptions based on your business category and turnover.
  5. How do I reconcile the data in my GST Annual Returns with my financial statements? To reconcile the data in your GST Annual Returns with your financial statements, you need to ensure that the sales, purchases, taxes paid, and input tax credit claimed in the returns match the corresponding entries in your financial books. Any discrepancies should be addressed and resolved to maintain accurate financial records and GST compliance.

**Please note that while these answers provide a general understanding, it is always advisable to consult with professionals or legal experts for specific guidance to your unique circumstances.