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  The Goods and Services Tax (GST) Annual Return is a crucial compliance requirement for businesses registered under GST. It serves as a means for taxpayers to summarize their entire year’s transactions, offering a detailed snapshot of a business's activities for tax purposes. Filing the GST Annual Return ensures that businesses remain compliant with the law while also allowing the tax authorities to assess whether the taxes have been correctly paid throughout the year. Who Needs to File the GST Annual Return? Not every GST-registered entity is required to file an annual return. Typically, businesses whose turnover exceeds the prescribed threshold limit need to submit the GST Annual Return. The return also applies to taxpayers who are registered under different GST sections such as regular taxpayers, composition scheme taxpayers, and input service distributors. However, businesses with nil turnover or no transactions may also need to file a simplified version of the annual return. ...