Overview
Overview
The annual return consolidates a year of GST reporting and is an opportunity to identify and correct differences between books of account and returns filed.
We reconcile turnover, tax liability and credit for the year, prepare the annual return and, where applicable, the reconciliation statement.
Who this is for
- Regular taxpayers
- Businesses with multiple registrations
- Businesses preparing for audit or due diligence
Scope of work
The precise scope is confirmed in writing for each engagement. It typically includes:
- Turnover reconciliation between books and returns
- Tax and credit reconciliation
- Preparation and filing of annual return
- Reconciliation statement, where applicable
- Report of differences and recommended corrections
Documents usually required
- 01Audited financial statements
- 02All periodic GST returns for the year
- 03Sales and purchase registers
- 04Credit and debit note details
We share a checklist specific to your case. Please do not send identity or financial documents by email — existing clients can upload them securely through the client portal.
How we work
- 1
Initial discussion
We understand your situation, the period involved and what you need from the engagement.
- 2
Scope & document list
You receive a written scope and a checklist of the information we need.
- 3
Preparation & review
Our team prepares the work, which is then reviewed by a senior professional.
- 4
Your approval
We walk you through the outcome and obtain your confirmation before anything is filed or issued.
- 5
Completion & records
Filing or delivery is completed as applicable, and acknowledgements and working papers are shared or retained.
Frequently asked questions
Can errors in monthly returns be corrected in the annual return?
Some differences can be reported and tax paid; however, the law restricts certain corrections. We advise on the treatment for each difference.
Last updated 11 Oct 2026. This page is general information, not professional advice. Applicability depends on your facts and the law in force; we do not guarantee any particular outcome, saving, registration or approval.