Section 44 of GST – Annual return under GST Act 2017

Section 44 of GST – Annual return under GST Act 2017. Complete Details for GST Section 44 In this section you may find all details for Annual return under GST Act 2017 as per GST Act 2017Detailed Analysis of GST Section 44 of GST Act 2017 – Annual return under GST Act 2017We Provide Complete Details for All GST Section’s and In this article you may find all details for GST Section 44. Check Section Wise Analysis of GST Act 2017, Chapter Wise Analysis of GST All Sections. in this article you may find complete details regarding Section 44 of GST Act 2017 – Annual return under GST Act 2017, gst all sections and definitionsNow Check more details from below…..

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Section 44 of GST – Annual return under GST Act 2017

(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.

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.

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 ` Two crores) shall file annual return FORM GSTR-9C 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

Every registered person whose aggregate turnover during a financial year exceeds two crore rupees shall get his accounts audited as specified under sub-section (5) of section 35 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C, electronically.

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