GST Annual Return Deadline: File Before December 31, 2025!

The annual Goods and Services Tax (GST) filing for the 2024-2025 financial year is quickly approaching. This post explains who needs to file the yearly return (GSTR-9) and the reconciliation statement (GSTR-9C), outlines the penalties for delays, and provides an essential checklist to ensure timely compliance.

Important Deadline Alert!

The yearly GST return for the Financial Year (FY) 2024-25 is due on 31 December 2025.

Who Must File?

• For Yearly Return (GSTR-9): All registered businesses must submit this yearly statement.
• For Reconciliation Statement (GSTR-9C): Businesses whose total yearly sales (turnover) are more than ₹5 crore must also file this statement, which reconciles the details in the yearly return with the audited accounts.

Penalties for Missing the Deadline

• Late-Filing Penalty: If you miss the due date, a penalty of ₹200 per day (₹100 Central GST + ₹100 State GST) is charged. This daily penalty is capped at 0.04% of the business's total yearly sales for the state/UT.
• Interest on Unpaid Tax: If you owe any tax that hasn't been paid, you will be charged interest at 18% per year. This interest starts calculating from the original due date until the tax is finally paid.

Your Action Checklist Now

Here are the steps you should take right away to prepare for filing:

1. Review your records to confirm if your total yearly sales (turnover) exceeded ₹5 crore.
2. Gather and organize all your monthly/quarterly sales (GSTR-1) and summary payment (GSTR-3B) data for the entire financial year.
3. Compare your input tax credit (ITC) records with the official data and prepare the Reconciliation Statement (GSTR-9C) if your turnover requires it.
4. File the return online before 31 December 2025 to completely avoid the daily penalty.

Don’t let a missed filing cost you extra – get your yearly GST compliance done before the year ends!

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