Annual GST Return (GSTR-9)
Comprehensive Annual GST Return preparation and filing under Section 44 of the CGST Act, 2017 for regular taxpayers by B. Mallesh & Co., Chartered Accountants. Annual GSTR-1 vs GSTR-3B vs GSTR-2B reconciliation and DRC-03 tax liability settlement.
1. Statutory Filing Mandate (Section 44)
Under Section 44 of the CGST Act, 2017, every registered person (other than ISD, TDS deductor, Casual Taxable Person, and Non-Resident Taxable Person) is required to file an Annual Return in Form GSTR-9 for every financial year.
Turnover Threshold Exemption
Taxpayers with aggregate annual turnover up to ₹2 Crores are exempt from mandatory filing of GSTR-9 (Notification No. 14/2022-Central Tax).
Mandatory Filing (> ₹2 Crores)
Mandatory filing for taxpayers with aggregate turnover exceeding ₹2 Crores on or before 31st December following the end of the financial year.
2. Mandatory Data Checklist
Required Records for GSTR-9 Audit
- Filed GSTR-1 & GSTR-3B Copies for all 12 months
- Annual GSTR-2B Auto-Drafted ITC Summary
- Audited Financial Statements (P&L, Balance Sheet)
- HSN-Wise Summary of Outward & Inward Supplies
3. Step-by-Step GSTR-9 Filing Timeline
Step 1: Annual Reconciliation & Tax Shortfall Detection
Reconciling annual sales in books vs GSTR-1 vs GSTR-3B and calculating short paid tax or ineligible ITC.
Step 2: DRC-03 Tax Payment & GSTR-9 Portal Submission
Paying additional liability via Form GST DRC-03 and filing GSTR-9 on the GST portal before 31st December.
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Mancherial Office Contact
B. Mallesh & Co., Co. Laxmi Theater, Indra Nagar, Mancherial, Telangana - 504208