Document required for GST annual filing

• Sales and purchase records (Invoices, bills of supply, debit/credit notes for all transactions in the financial year).
• Input Tax Credit (ITC) Records (Tax invoices, debit/credit notes from suppliers supporting claimed ITC on purchases).
• GST Returns for copies of all monthly or quarterly returns filed, including GSTR-1 (outward supplies) and GSTR-3B (summary return), for the financial year.
• Bank statements (statements reflecting all GST-related transactions, including payments and receipts).
• Financial statements of profit & loss, balance sheet, and cash flow statement for reconciliation.
• Audited accounts of Chartered Accountant-audited financials for GST audit compliance.
• Other Relevant Documents on business-related records for GST compliance, e.g., export/import docs, registration certificates, etc.

Registration Procedures

Access GST Portal :

Log in to the GST portal using your credentials.

Navigate to Annual Return Section :

Go to the “Services” tab and select “Returns.” Then, choose “Annual Return.”

Select Form :

Choose the appropriate form based on your taxpayer category:

• GSTR-9: For regular taxpayers (including composition taxpayers).

• GSTR-9A: For composition taxpayers.

Download the selected form :

Fill Out the Form :

Fill out downloaded form oline with turnover, outward & inward supplies, input tax credit, tax payments, etc.

Reconciliation :

Reconcile data with monthly/quarterly returns for accuracy and consistency.

Prepare and upload supporting documents :

Gather and scan sales/purchase records, bank statements, financials, input tax credit records, GST returns, and relevant docs for upload to GST portal.

Review form for accuracy, generate JSON file :

Double-check form entries for accuracy, then generate JSON file after uploading documents.

Upload JSON file, preview, submit, generate ARN :

Upload completed JSON file, review and submit form, note down ARN upon successful submission for future reference.

Late fee payment, download acknowledgment :

If filing after due date, pay late fees and download acknowledgment receipt for future reference.

Keep Records :

Keep copies of filed annual return, acknowledgment receipt, and supporting docs for records.

Frequently Asked Questions

• Is it mandatory for every company to file annual returns?
  

  Yes, every company, including Private Limited Companies and Public Limited Companies, must file annual returns. One Person Companies (OPCs) also need to file their annual returns.

• Can a company file its annual returns online?

  Yes, all annual filings can be done online through the MCA (Ministry of Corporate Affairs) portal by submitting the appropriate forms and paying the applicable fees.

• Can the company file its annual returns after the due date?

  Yes, but the company will be required to pay late fees for every day it delays the filing. This could also lead to penalties or further legal action.

• What is form AOC 4 and MGT 7?

  Form AOC-4 encompasses financial statements, including the Balance Sheet, Profit and Loss Account, Cash Flow Statement, Directors’ Report, and Auditor’s Report. Form MGT-7 includes crucial information about the company’s share capital, indebtedness, and details of shareholders, directors, and meetings.

• What is the DPT 3 form?

  DPT-3 is a return of deposits that companies must file to furnish information about deposits and/or outstanding receipt of loan or money other than deposits.

• What is the due date for DPT 3?

  The due date for filing Form DPT 3 is June 30th of every year