Yes, yearly GST return filing is mandatory for most registered taxpayers in India, generally filed through GSTR-9 (for regular taxpayers) or GSTR-4 (for composition dealers). These annual returns consolidate monthly or quarterly data and are typically due by December 31st of the following financial year.
Form GSTR-9 is an annual return to be filed once for each financial year, by the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers. The taxpayers are required to furnish details of purchases, sales, input tax credit or refund claimed or demand created etc.
You can elect to report and pay GST annually. You can only use this method if you are voluntarily registered for GST. That is, you are registered for GST and your turnover is under $75,000 (or $150,000 for not-for-profit bodies).
Most businesses and corporations in Canada are required to have a GST account, and are required to file GST returns on a monthly, quarterly or annual basis.
How often do I file a GST return? You choose to file your GST returns: Every six months, provided the total value of your taxable supplies in any 12 months is not likely to be more than $500,000; or. Every two months, which is the standard 'default' option if you do not elect your own option; or.
GSTR 9- Regular GST taxpayers who file GSTR 1 and GSTR 3B must file this return, especially if they cross the GST annual return limit of Rs.2 crore turnover during the financial year.
How do I file GSTR-9 online? Log in to the GST portal, navigate to 'Services' > 'Returns' > 'Annual Return', select the financial year, prepare it either using offline tool or online and submit the return, then file it with DSC or EVC.
You will receive your GST/HST credit payments 4 times in a year. The payment dates in 2026 are: January 5, 2026. April 2, 2026.
It starts from the day you become entitled to the credit, typically the date of the tax invoice or the date the payment is made, depending on your accounting method. After four years, you can no longer amend or include a claim for that GST credit in your Business Activity Statement (BAS).
Your GST reporting and payment cycle will be one of the following: Monthly – if your GST turnover is $20 million or more. Quarterly – if your GST turnover is less than $20 million – and we have not told you that you must report monthly. Annually – if you are voluntarily registered for GST.
If you want to switch from or to GST instalments, you need to contact us. If you contact us by 28 October, your election or revocation will generally take effect from 1 July of that financial year (or by the concessional due date, if you lodge your September quarter activity statement through a registered agent).
Reporting periods
Their 12-month year would be the reporting period. Annual Sole Proprietors: The filing deadline is June 15, but the payment deadline is April 30. Quarterly: If your sales are between $1.5 million and $6 million, you must file quarterly. The filing deadline is one month after the reporting period.
The last date to file a belated return for FY 2024–25 is December 31, 2025, unless extended by the government.
Levy of late fee:
Therefore, effectively the late fee for delay in filing Annual Return by the due date is R 200/- per day subject to a maximum of an amount calculated at 0.50% of his turnover in the State or Union Territory.
GSTR-4 is an annual GST return filed by taxpayers under the Composition Scheme, summarizing all quarterly CMP-08 payments. From FY 2024-25, the GSTR-4 due date is 30th June of the following year, offering more time for accurate reconciliation.
If your sales exceed $30,000 in a single calendar quarter or four consecutive calendar quarters, you are required to register for GST and charge it to your clients. You must also file GST returns on an annual, quarterly, or monthly basis.
The 'five year rule' states that residential premises are not considered to be 'new' if they have been rented out as residential premises for five or more years since they first became residential premises, or were last built or substantially renovated.
Annual GST reporting is available to businesses with a GST turnover of less than $75,000 (or $150,000 for non-profits). This reporting method involves lodging just one annual GST return, though businesses may still need to pay GST instalments throughout the year. The primary benefit here is simplicity.
If your GST turnover is below the $75,000 threshold, you may choose to register. But if you do, regardless of your turnover, you must: include GST in the price of most goods and services you sell. claim GST credits for most business purchases you make.
Manual > View Filed Returns
GSTR-1: Filed quarterly, by the 13th of the month following the quarter. GSTR-3B: Filed quarterly, by the 22nd or 24th (depending on the state). Tax payment: Made monthly using Form PMT-06.
Late submission penalty. A late submission penalty of $200 is imposed immediately when the GST return is not filed by the due date. A further penalty of $200 is imposed for every completed month that the GST F5/F8 return remains outstanding. The maximum penalty amount for each outstanding F5/F8 return is $10,000.
The GST Search Tool and GSTIN Validator enable businesses to verify any GSTIN with a single-click GSTIN search. Most importantly, the tool helps verify GSTIN authenticity and spot fake GSTINs. This feature can be used by anyone free of cost, provided they have the requisite GSTIN on hand.