Client one-pager, GST annual return and reconciliation

GST annual return — what it is and why you need it

What it is. Once a year, every GST registration above [Rs 2 crore] of turnover must file an annual return consolidating the twelve monthly returns, and above [Rs 5 crore] a reconciliation statement tying your audited accounts to what you declared to the GST department. The deadline is 31 December following the financial year. Each registration is a separate filing — if you have four GST numbers, you have four annual returns.

Please note one thing carefully. The reconciliation statement is self-certified by you. There has been no CA-certified GST audit since the year 2020-21. Our role is to prepare or independently review the working, and to tell you where the reconciliation does not tie — but the certification on the portal is yours.