GST Annual Return & Reconciliation
GSTR-9 annual return and GSTR-9C reconciliation statement, reconciled to your books.
Prepared over 2–4 weeks depending on the volume of transactions and the state of the books
The annual return consolidates a full financial year of GST filings into a single statement, and the reconciliation statement ties those filings back to the audited or finalised books of account. Together they are where differences accumulated over twelve months become visible.
Applicability depends on turnover, and the thresholds are revised from time to time. We confirm what applies to you before starting.
What the exercise usually finds
The common differences are credit claimed in the returns but not supported in GSTR-2B, supplies recorded in the books but reported in the wrong period, credit notes issued but not reflected, and reverse-charge liability that was not discharged.
None of these is unusual. What matters is identifying them and dealing with them deliberately, rather than leaving them to be raised by the department later.
Doing it once, properly
Because the annual return draws on every period in the year, it is far quicker where monthly reconciliation has been kept up. Where it has not, the work is essentially twelve months of reconciliation done at once.
Where we also handle your monthly filing, most of this is already done and the annual return becomes a consolidation rather than an investigation.
Who needs this
- Registered businesses whose turnover crosses the threshold for the annual return
- Businesses also required to file the reconciliation statement
- Businesses that want the year reconciled before a departmental audit
Eligibility and conditions
- An active registration for the financial year concerned
- Finalised books of account for the year
- All periodic returns for the year already filed
What this covers
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Applicability confirmed
Whether the annual return, the reconciliation statement, or both apply.
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Year reconciled
Returns tied back to the books, with differences listed.
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Differences explained
Each difference traced to its cause rather than simply adjusted.
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Filing
The return and statement prepared and filed in the prescribed form.
How the process works
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Confirm applicability
Turnover checked against the thresholds for the year.
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Compile the year
All periodic returns and the books for the year assembled.
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Reconcile
Returns matched to the books and to the portal data.
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Review differences
Findings discussed with you before filing.
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File
Return and reconciliation statement filed.
Documents required
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Finalised financial statements
For the financial year concerned.
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All GST returns filed during the year
GSTR-1 and GSTR-3B for every period.
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Purchase and sales registers
For the full year.
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Input credit ledger
As per your books.
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Credit and debit notes
Issued and received during the year.
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Details of reverse-charge transactions
Where applicable.
The list above is indicative. Additional documents may be required depending on your case and the current departmental requirements.
Frequently asked questions
My supplier has not filed their return. Can I still claim the input credit?
Input tax credit is available on the basis of what appears in GSTR-2B, which reflects what your suppliers have actually reported. Where a supplier has not filed, the credit will not appear there, and claiming it anyway creates a mismatch that is likely to be queried.
The practical response is to identify these cases each month and follow up with the supplier while the period is recent, rather than discovering them at the annual reconciliation.
Articles on this topic
Annual return due?
Tell us the financial year and turnover and we will confirm what applies and what the work involves.