Important Article on Annual Return Published in TAXMANN Magazine for the year 2017-18 which is required to be filed upto 31st December 2018 now extended to 30th June 2019

INFORMATION REQUIRED FOR FILING ANNUAL RETURN FOR THE YEAR 2017-18 UNDER GST ACT, 2017

1. Sale and Sales Return with tax details as per Balance sheet
2. Purchase and Purchase Return with tax details as per Balance sheet
3. HSN Summary Details Inward/Outward
4. Reconciliation of GSTR-1 & GSTR-3B
5. Reconciliation of GSTR-2 & GSTR-3B
6. Reconciliation of GSTR-2 & GSTR-2A
7. RCM Detail
8. Details of ITC reversed and in-eligible ITC for the financial year,
9. Details of any reversal of Trans-I and Trans-II
10. Wrong credit avail in this period
11. C/f Reconciliation with last tax regime
12. Tax Deposit Details
13. Exempt, Non-GST & Nil Rated Inward & Outward Details
14. If any Addition/Deletion in next year (Complete Reconciliation)
15. Purchase of capital Goods
16. Sale of Capital Goods
17. Job Work Activity if any involved
18. Transportation
19. Rent
20. If any Interest Penalty is paid/ due
21. If the payment to the seller was not made within 6 Month or partial Payment
22. If any Tax Paid on Advance Payment.