Introduction
The Goods and Services Tax (GST) is a tax system in India that consolidates various indirect taxes into a single tax. If you are a GST-registered business in Mumbai, it is essential to file your GST Annual Return on time to stay compliant with the law.
What is the GST Annual Return?
The GST Annual Return is a summary of all your monthly or quarterly GST filings made during the financial year. It includes details like:
- Total sales and purchases
- Input Tax Credit (ITC) claimed
- Tax paid and payable.
- Adjustments and reconciliations
The return is filed using Form GSTR-9 and GSTR-9C (for businesses with turnover above ₹5 crore).
Documents Required
To file the GST Annual Return in Mumbai, keep the following ready:
- GSTIN and login credentials
- Monthly/quarterly GSTR-1 and GSTR-3B returns
- Sales and purchase details
- Reconciliation of Input Tax Credit
- Audited financial statements (if applicable)
How to File GST Annual Return in Mumbai?
- Log in to the GST portal: www.gst.gov.in
- Go to Returns Dashboard
- Choose Financial Year
- Select GSTR-9 and fill in the details.
- Validate, sign, and submit the return.
If your turnover is more than ₹5 crore, upload GSTR-9C with a certified audit report.
Conclusion
Filing the GST Annual Return in Mumbai is a key responsibility for every registered business. Timely filing helps you avoid penalties and keeps your business compliant. If you're unsure, it’s always good to consult a GST expert or tax professional.
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