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GST Annual Return is a consolidated return that taxpayers registered under the Goods and Services Tax (GST) regime in India must file annually. It is a summary of the taxpayer's transactions for the entire financial year, providing a comprehensive view of their sales, purchases, input tax credit (ITC) claimed, and tax liabilities. 

GST Annual Return comprises two main components: GSTR-9 and GSTR-9C. Here’s a detailed explanation of each: 

GSTR-9 is mandatory to be filed by the taxpayers whose turnover is exceeding INR 2 crores in a financial year. 

This return is filed on yearly basis. It is a consolidated annual return that every registered taxpayer under GST in India is required to file, except specific categories like Input Service Distributors, Composition Dealers, Non-resident Taxable Persons, etc.

It includes details of outward supplies, inward supplies, comparison of ITC with GSTR-2A/GSTR-2B and taxes paid in the full year. It consolidates the details of outward and inward supplies made during the financial year, along with taxes paid. 

Further, GSTR-9 includes: 

• Basic details such as GSTIN, legal name, and financial year.
• Details of outward supplies (sales) reported in GSTR-1.
• Details of inward supplies (purchases) auto-populated from GSTR-2A.
• Summary of taxes paid through GSTR-3B.
• Reconciliation of turnover and taxes paid.

Due date to file GSTR-9 is 31st December of the subsequent financial year. 

GSTR-9C is required to be filed once turnover exceeds INR 5 crores.

This return is also filed on yearly basis. In this return, a reconciliation is prepared between taxpayer's annual financial statements with the figures reported in GSTR-9.

This return majorly contains two parts; first part belongs to comparison between outward suppliers as per books of account and GSTR-9 and another part is ITC as per books of account and GSTR-9.

Due date to file GSTR-9 is 31st December of the subsequent financial year.