GST Annual Return Filing in Noida: A Simple Guide

If you are a business owner in Noida registered under GST, filing your GST annual return is a crucial compliance requirement. This article will help you understand the basics of GST annual return filing in Noida, its due dates, and the process.

What is GST Annual Return?

GST annual return (GSTR-9) is a yearly summary of all GST transactions that businesses must file. It includes details of:

Sales and purchases
Input tax credit (ITC) claimed
Taxes paid during the financial year

Who Needs to File GST Annual Return?

All regular taxpayers registered under GST (except composition dealers, casual taxpayers, and Input Service Distributors) must file GSTR-9 annually.

Types of GST Annual Returns

GSTR-9: For regular taxpayers
GSTR-9A: For composition scheme taxpayers (not applicable after FY 2018-19)
GSTR-9C: For businesses with turnover above ₹5 crores (audit reconciliation statement)

Due Date for Filing

The due date for GST annual return filing is 31st December of the following financial year. For example, the return for FY 2023-24 is due by 31st December 2024.

Steps to File GST Annual Return in Noida

Login to the GST Portal (www.gst.gov.in)
Go to 'Annual Return' Section
Select the Financial Year
Fill in the Required Details (sales, purchases, ITC, tax paid, etc.)
Verify the Details
Submit and File the Return
Make Any Pending Payments (if applicable)

Penalties for Late Filing

If you miss the deadline, a late fee of ₹200 per day (₹100 CGST + ₹100 SGST) applies, subject to a maximum of 0.25% of turnover.

Why Seek Professional Help?

Filing GST annual returns requires accurate data entry and compliance checks. Businesses in Noida can consult GST experts or CA firms to avoid errors and penalties.

Conclusion

Filing GST annual returns in Noida is essential for tax compliance. Ensure timely filing to avoid penalties and maintain smooth business operations. If you need assistance, consider hiring a GST consultant for hassle-free compliance.