GST Annual Return & Reconciliation
The annual return consolidates all GST transactions of a financial year. It serves as a final reconciliation between periodic returns and audited financial statements.
Annual compliance includes:
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Preparation of GSTR-9
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Reconciliation statement (GSTR-9C where applicable)
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Turnover reconciliation with financial statements
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ITC reconciliation and adjustment
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Disclosure of additional liability if any
The annual filing process helps identify errors made during monthly reporting. Corrective measures taken before filing reduce exposure to future litigation.
Comprehensive annual reconciliation strengthens transparency and compliance discipline.