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GST Annual Return Filing in Coimbatore

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Renuka M
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2 min read

Introduction

Goods and Services Tax (GST) is a crucial compliance requirement for businesses in India. Every registered taxpayer must file an annual return summarising their financial transactions for the year. In Coimbatore, companies must ensure timely GST annual return filing to avoid penalties and maintain compliance.

Who Should File GST Annual Returns?

All registered businesses under GST must file the annual return using Form GSTR-9. However, certain exemptions apply, such as:

  • Taxpayers under the Composition Scheme (they must file GSTR-9A until FY 2018-19, after which it was discontinued).

  • Casual taxable persons and non-resident taxpayers.

  • Input Service Distributors (ISD) and TDS deductors.

Types of GST Annual Returns

  1. GSTR-9 – For regular taxpayers.

  2. GSTR-9A – For composition taxpayers (applicable until FY 2018-19).

  3. GSTR-9C – For businesses with an annual turnover exceeding Rs. 5 crore, requiring reconciliation and audit.

Due Date for Filing

The due date for GST annual return filing in coimbatore is 31st December of the following financial year. However, the government may extend this date based on circumstances.

Steps for Filing GST Annual Return

  1. Login to the GST Portal – Visit www.gst.gov.in and log in using credentials.

  2. Select the Return Type – Choose GSTR-9 or GSTR-9C as applicable.

  3. Review Auto-Populated Data – Check the details of sales, purchases, input tax credit (ITC), and tax paid.

  4. Make Corrections (if needed) – Ensure accuracy in reported figures.

  5. Submit and Pay (if required) – Any pending tax dues should be paid before submission.

  6. File the Return – Complete the filing process by submitting the return.

Penalties for Late Filing

Failing to file the GST annual return on time can result in penalties:

  • Rs. 200 per day (Rs. 100 each under CGST and SGST), subject to a maximum of 0.25% of the turnover.

  • Additional interest may apply on unpaid taxes.

Why Choose a Professional for GST Filing in Coimbatore?

While businesses can file their GST returns independently, professional assistance ensures accuracy and compliance. A GST consultant in Coimbatore can help in:

  • Avoiding errors and penalties.

  • Ensuring proper ITC claims.

  • Managing documentation for audits.

Conclusion

Filing GST annual returns is an essential legal obligation for businesses in Coimbatore. Staying updated with the latest GST norms and seeking expert guidance can help companies to remain compliant and avoid unnecessary fines. Make sure to file your GST annual return before the due date to ensure smooth business operations.

gst annual return filing in Coimbatore