Annual Return Under GST as Per Section 30 of Model GST Law

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Following Points Should be Kept in Mind to File Annual Return under GST

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1) Annual Return is Required to be Filed by 31st Dec after the close of Financial Year

2) Following Persons not required to File Annual Return
a) Input Service distributor,
b) Deductor of tax Under Section 37
c) Casual taxable person and
d) Non-Resident taxable person

3) Taxable persons who get their accounts audited under section 42(4)
a) to file Annual Return Electronically.
b) to file a copy of the audited accounts
c) To File reconciliation statement reconciling value of supplies declared in the return furnished for the year along with the audited annual financial statement and
d) Such other Particulars as May be Prescribed latter on.