About GST Annual Return:
GST annual return filing is mandatory for all registered entities with a turnover of more than two crores, irrespective of the business activity or sales or profitability during the year.

Annual return (GSTR-9) is to be filed every year by the registered taxpayers under GST. It consists of all details regarding the outward supplies and inward supplies made during financial year.

Before filing annual return (GSTR-9), the taxpayer must file all GSTR-1, GSTR-3B, or GSTR 4 returns. In case of any return not filed by the GSTR registration holder than annual return (GSTR-9) will not be allowed to file till the complete all pending return.

GSTR-9:

Initially annual return was required to be filed by every registered person irrespective the amount of turnover. Thereafter CBIC issued Notification No. 47/2019 and 77/2020- Central Tax gives benefit of optional filing of annual return for registered person whose aggregate turnover in a financial year does not exceed Rs 2 crore, for F.Y. 2017-18, F.Y. 2018-19 and FY 2019-20 as well.

The following registered Taxpayer are NOT required to file GSTR 9:

Taxpayers opting composition scheme (They must file GSTR-9A)

Casual Taxable Person

Input service distributors

Non-resident taxable persons

Persons paying TDS under section 51 of CGST Act.

GSTR-9C

Form GSTR-9C is a statement of reconciliation between the annual return GSTR-9 filed and the amount as per the audited financial statement of the taxpayer. Initially annual return was required to be filed by every registered person having turnover exceeding Rs. 2 Cr. Thereafter CBIC issued Notification No. 16/2020- Central tax dated 23rd March, 2020 to revise the threshold limit to Rs. 5 Cr. For F.Y. 2018-19 & onwards.