As per Section 44(1) of CGST Act 2017, taxable persons are required to furnish the Annual Return for every financial year electronically. Further, taxable persons whose turnover exceeds Rs. 2 Crores during the financial year, are required to get their accounts audited under Section 35(5) of CGST Act 2017, by a Chartered Accountant or a Cost Accountant and submit Audited annual Financial Statements & a reconciliation statement (reconciling values of supplies declared in return furnished for financial year with audited annual financial statement) , along with the Annual return.