GST Annual Return Filing in Bangalore | GSTR-9 & 9C Assistance

GST Annual Return Filing

Overview of GST Annual Return Filing with Rule Infinity

GST Annual Return Filing is essential for businesses to summarize their yearly transactions and tax payments.

Rule Infinity automates the filing process, ensuring accuracy and compliance. It supports GSTR-9 and GSTR-9C preparation with seamless reconciliation.

The software minimizes manual effort, reduces errors, and tracks tax liabilities in real-time. With GSTN integration, businesses can verify transactions and avoid penalties. Secure cloud storage allows easy access to financial data anytime. Rule Infinity simplifies return filing, making GST compliance effortless. Stay compliant and file your GST annual returns with ease.

Benefits of GST Annual Return Filing
with Rule Infinity

Rule Infinity simplifies GST annual return filing with automated calculations, error-free compliance, and seamless GSTN integration.

Automated Filing

Simplifies GSTR-9 and GSTR-9C preparation with minimal manual effort.

Error-Free Compliance

Ensures accurate tax calculations and transaction reconciliation.

GSTN Integration.

Directly connects with GSTN for seamless data validation and filing.

Time-Saving.

Reduces paperwork and filing time with automated processes.

Avoids Penalties.

Ensures timely submissions to prevent late fees and compliance issues.

Secure Cloud Access.

Allows easy retrieval and management of financial records anytime.

Multi-Business Support.

Manage multiple GSTINs and annual returns from a single platform.

Detailed Financial Insights.

Provides customized reports for better tax planning and decision-making.

GST Annual Return Filing

Key Components of GST Annual Return Filing

Outward & Inward Supplies – Summary of taxable sales, exempt supplies, and purchases.

Input Tax Credit (ITC) & Tax Paid – ITC claimed, reversed, and tax payments made.

Previous Year Adjustments & Miscellaneous Details – Corrections, refunds, and HSN summary.

For whom Annual Return is Applicable?

GSTR 9 Format - Comprehensive Structure

Documents Required for GST Annual Return Filing

For whom Annual Return is Applicable?

GST annual return filing is a crucial compliance requirement for all registered taxpayers, providing a comprehensive summary of their monthly or quarterly returns throughout the financial year. It serves as the final declaration of all transactions, ensuring accuracy in tax reporting. Businesses across various sectors, including manufacturers, traders, and service providers, are required to file GSTR-9, while those exceeding the prescribed turnover limit must also submit GSTR-9C for reconciliation and audit purposes.

However, certain categories of taxpayers are exempt from filing annual returns, including those registered under the composition scheme, input service distributors, casual taxable persons, and non-resident taxable persons. Filing GST annual returns is essential for businesses to maintain financial transparency, comply with tax regulations, reconcile their tax liabilities, and claim eligible input tax credit. Timely filing also helps businesses avoid penalties, interest charges, and legal complications. With Rule Infinity, businesses can streamline the filing process, reduce manual work, and ensure error-free compliance with ease.

GSTR 9 Format - Comprehensive Structure

The GSTR-9 form is structured into six sections, each consolidating key details of supplies and tax transactions for the financial year.
- Part 1: Basic Registration Details – Includes GSTIN, fiscal year, legal name, and trade name (auto-filled on the GST portal).
- Part 2: Outward Supplies – Summarizes taxable and non-taxable supplies, including exports, SEZ sales, and reverse charge transactions.
- Part 3: Input Tax Credit (ITC) – Breaks down ITC claimed, reversed, and adjustments based on GSTR-2A data.
- Part 4: Tax Paid – Displays tax liability, payments made through cash and ITC, and adjustments.
- Part 5: Previous Year Transactions – Covers transactions of the last financial year reported in current-year returns.
- Part 6: Miscellaneous Details – Includes refund claims, demands, supplies from composition dealers, and HSN-wise summary.
Filing GSTR-9 accurately is essential for error-free GST compliance. Need assistance? Rule Infinity simplifies the entire process, ensuring seamless filing and compliance!

Documents Required for GST Annual Return Filing

To file your GST annual return (GSTR-9) accurately, you need the following documents:

GSTIN & Business Details – Legal name, trade name, and financial year details.
Monthly/Quarterly GST Returns – GSTR-1, GSTR-3B, and GSTR-2A for reconciliation.
Sales & Purchase Invoices – Details of outward and inward supplies made during the year.
Input Tax Credit (ITC) Records – ITC claimed, reversed, and adjustments as per GSTR-2A.
Tax Payment Details – Tax paid through cash and ITC, including challans and adjustments.
E-Way Bills (if applicable) – Summary of goods transported under e-way bills.
Debit & Credit Notes – Adjustments made during the year affecting taxable values.
Late Fees & Penalties (if any) – Details of fines paid for delayed return filing.
HSN Summary of Supplies – HSN-wise details of goods and services transacted.

Key Categories of GST Annual Returns

GST annual returns are categorized based on taxpayer type and turnover. GSTR-9 is for regular taxpayers, GSTR-9A applies to composition scheme taxpayers, and GSTR-9C is a reconciliation statement for businesses with turnover above ₹5 crores. Filing the appropriate return ensures accurate compliance and avoids penalties.

Filed by regular taxpayers, summarizing annual transactions.

GSTR-9

Applicable for composition scheme taxpayers, covering yearly details.

GSTR-9A

Reconciliation statement for businesses with turnover above ₹5 crores, requiring an audit.

GSTR-9C

basic plan starts from

₹999 to ₹3,499

Freelancers, early-stage startups, solo entrepreneurs

GST registration with expert consultation
1 GST return filing (1 month)
Business software access (basic version)
DSC for 1 person (1 year)
Current account opening support
Law update alerts

Call us

popular plan starts from

₹3,500 to ₹8,499

Small growing
businesses

GST return filing (monthly/quarterly for 6 months)
Input Tax Credit (ITC) management
1 disputed case support
Loan consultation

call us

supreme plan starts from

₹8500 to ₹29,999

SMEs with ongoing GST and tax needs

Full annual GST return filing
All dispute handling (up to 2 cases)
Premium business software (multi-user)
End-to-end current account & loan coordination
Audit & tax consultation (2 hours)
1 free ticket to a GST seminar

call us

GST Annual Return filing

GSTR 9 Penalty for Late Filing

Failing to file GSTR-9 on time can result in significant penalties. The late fee is ₹200 per day (₹100 under CGST and ₹100 under SGST) until the return is filed. However, the total penalty cannot exceed 0.25% of the taxpayer’s turnover in the respective state or union territory. Additionally, delayed filing may lead to interest at 18% per annum on the outstanding tax amount. To avoid penalties, businesses must ensure timely and accurate GST annual return filing.

gst anunual return

File Your GST Annual Return Online Effortlessly with Rule Infinity

Filing your GST annual return is now quick and hassle-free with Rule Infinity. Our platform simplifies the process with automated data fetching, minimizing manual work. Easily reconcile outward supplies, input tax credit, and tax payments without errors. Stay compliant with timely reminders and real-time validation of your returns. Generate accurate GSTR-9 and GSTR-9C reports with a few clicks. Secure cloud storage ensures your financial data remains safe and accessible anytime. Avoid penalties and ensure error-free GST compliance with Rule Infinity today!

Frequently Asked Question For Goods and Service Tax?

What is advantage of taking registration in GST?

Registration under the Goods and Services Tax (GST) system offers several benefits to businesses:• Official recognition as a supplier of goods or services.
• Accurate tracking of taxes paid on input goods or services, which can be used to offset GST liability on sales.
• Legal authority to charge GST from customers and transfer tax credits on purchased goods or services.
• Eligibility to access various incentives and advantages provided under GST regulations.

What is aggregate turnover?

According to Section 2(6) of the CGST/SGST Act, “aggregate turnover” refers to the total value of:(i) All taxable transactions,
(ii) All non-taxable/exempt transactions,
(iii) Exports of goods and/or services, and
(iv) All inter-state transactions,
carried out by a person under the same PAN.

If a person is operating in different states, with the same PAN number, whether he can operate with a single Registration?

No, every individual or entity that is required to obtain GST registration must apply for a separate registration in each state where they have a business presence and are liable to pay GST. As per Sub-section (1) of Section 22 of the CGST/SGST Act, registration is mandatory for businesses operating in multiple states, ensuring compliance with tax regulations specific to each state

Whether a person having multiple business verticals in a state can obtain for different registrations?

Yes, as per the proviso to Sub-section (2) of Section 25 of the CGST/SGST Act, a person operating multiple business verticals within a single state has the option to obtain separate GST registrations for each business vertical. However, this is subject to certain conditions and guidelines prescribed by the authorities. This provision allows businesses to maintain clear segregation of tax liabilities, ensuring better compliance and financial management for each distinct business segment.

If the taxpayer has different business verticals in one state, will he have to obtain separate registration for each such vertical in the state?

No, a taxpayer is not mandatorily required to register separate business verticals under GST. However, as per the proviso to Section 25(2) of the CGST Act, 2017, they have the option to obtain independent GST registrations for different business verticals within the same state. This allows businesses to manage their tax liabilities separately for each vertical, ensuring better financial tracking and compliance. The decision to register each vertical separately depends on the business structure and operational requirements.

What could be the liabilities (in so far as registration is concerned) on transfer of a business?

As per Section 22(3) of the CGST Act, when a business undergoes transfer or succession, the new owner or successor is required to obtain GST registration from the date of such transfer or succession. This means that the transferee must apply for a fresh GST registration to continue the business operations legally under the GST framework. The registration ensures compliance with tax obligations and enables the successor to collect and remit GST on future transactions.

Is credit of all input tax charged on supply of goods or services allowed under GST?

A taxpayer registered under GST is eligible to claim Input Tax Credit (ITC) on the GST paid for the purchase of goods or services or both, provided these are used or intended to be used for business purposes. This credit can be utilized to offset the GST liability on outward supplies. However, availing ITC is subject to certain conditions and restrictions as prescribed under the GST law, ensuring that only legitimate business-related expenses qualify for tax credit benefits.

Is credit of tax paid on every input used for supply of taxable goods or services or both is allowed under GST?

Yes, Input Tax Credit (ITC) is generally available for most goods and services under GST, except for a specific list of items mentioned in the law. The restricted items primarily include goods and services used for personal consumption, inputs that contribute to the construction of immovable property (excluding plant and machinery), telecommunication towers, and pipelines installed outside the factory premises. Additionally, any taxes paid due to non-compliance, fraud, or tax evasion detected by authorities are also ineligible for ITC claims. These restrictions ensure that ITC benefits are availed only for legitimate business-related expenses.

Can unutilized ITC be given refund, in case goods Exported outside India are subjected to export duty?

Refund of unutilized input tax credit is not allowed in
cases where the goods exported out of India are subjected
to export duty – as per the second proviso to Section 54(3)
of CGST/SGST Act.

When is registration in other state required? Will giving service from Nasik to other state require registration in other state?

If a business provides services from Nasik, it is required to obtain GST registration only in the state of Maharashtra. However, when supplying services to recipients located outside Maharashtra, the business must comply with the Integrated Goods and Services Tax (IGST) provisions. This means that for any inter-state transactions, IGST must be charged and remitted to the government. The GST framework ensures that taxes are appropriately collected based on the place of supply, distinguishing between intra-state and inter-state transactions for compliance purposes.