#1 Who is required to file annual return?
As per section 44 read with rule 80; every registered person who opts for regular registration in the act is required to furnish Annual Return in FORM GSTR-9 for every financial year electronically on or before the day specify by notification following the end of such financial year.
#2) What is Annual Return and its salient features?
- Annual Return is Consolidation summary of Inwards and Outwards supply for the Financial Year on which tax is payable.
- Here in we can make amend in our previously given figure in return and pay additional liability, if any.
- Here in Table 8 of ITC we can claimed/availed of inputs which are short/not claimed in previous year return.
- It may note that GST paid and input credit of GSTR-2A and GSTR-3B are auto populated, here we cannot make any amendment.
# 3) What is precondition to file the Annual Return:-
Further as per aforesaid provision it is Mandatory for every Register person to file GSTR-1 & GST-3B of the financial year on or before furnishing of Annual Return.