Sec 44 – Annual return

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Sec 44 – Annual return 2017-04-14T14:53:21+00:00
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  • Ashish BadalaCA Ashish Badala
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    (1) Every registered person, other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person, shall furnish an annual return for every financial year electronically in such form and manner as may be prescribed on or before the thirty-first day of December following the end of such financial year.
    (2) Every registered person who is required to get his accounts audited in accordance with the provisions of sub-section (5) of section 35 shall furnish, electronically, the annual return under sub-section (1) along with a copy of the audited annual accounts and a reconciliation statement, reconciling the value of supplies declared in the return furnished for the financial year with the audited annual financial statement, and such other particulars as may be prescribed.

    Priya MadrechaPriya Madrecha
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    44.1    Introduction
    This section applies to all registered taxable person other than,
    —     Input Service Distributor
    —     A person paying tax under Section 51 (TDS)
    —     A person paying tax under Section 52 (TCS)
    —     A casual tax Taxable person
    —     Non-resident taxable person
    Due date for filing Annual Return is on or before 31st December following the end of the financial year for which Annual return to be submitted.
    44.2    Analysis
    Every taxable person shall file annual return in FORM GSTR-9 (FORM GSTR-9A in case of person opted to pay tax under composition scheme under section 10) for every financial year electronically on or before 31st December following the end of such financial year However, this provision shall not apply to,
    —     Input Service Distributor
    —     A person paying tax under Section 51 (TDS)
    —     A person paying tax under Section 52 (TCS)
    —     A casual tax Taxable person
    —     Non-resident taxable person
    In case the registered person is required to get his accounts audited in accordance with the provisions of Section 35 (5) (whose aggregate turnover during the financial year exceeds Rs. One crores) shall file annual return FORM GSTR-9B electronically along with,
    —     A copy of audited annual accounts
    — Reconciliation statement reconciling the value of supplies as per annual return and as per audited financial statement

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