Filing your GST Annual Return is an essential responsibility for every registered business under the Goods and Services Tax (GST) regime. If you are running a business in Pune, it’s necessary to file your GST Annual Return on time to avoid penalties and stay compliant with the law.
What is the GST Annual Return?
The GST Annual Return is a summary of all the monthly or quarterly GST returns filed during a financial year. It includes details of outward and inward supplies, taxes paid, input tax credit availed, and other related information.
Who Should File?
All businesses registered under GST with a turnover exceeding ₹ two crore are required to file GSTR-9. Composition scheme taxpayers are required to file GSTR-9A. However, certain taxpayers, like input service distributors and casual taxable persons, are exempt.
Due Date
The due date for filing the GST Annual Return is generally 31st December of the following financial year, unless extended by the government.
Why is it Important?
- Avoid late fees and penalties.
- Maintain proper business records.
- Ensure transparency in tax filings.
- Build credibility with clients and authorities.
How to File in Pune?
You can file your GST Annual Return online through the GST portal. However, due to the technical nature of the process, many businesses in Pune prefer hiring professionals or consultants to ensure accuracy and precision.
Need Help?
If you need expert assistance with GST Annual Return Filing in Pune, connect with a trusted GST consultant who can handle the process for you and ensure timely compliance.
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