A Complete Guide on GSTR- 9/9C
What is GST Return 9?
GSTR-9 is an annual return form filed by regular GST taxpayers. It is a summary of everything you did under GST in one financial year. It covers comprehensive details on outward/inward supplies, tax paid, and ITC claimed.
It only compiles data already filed in:
What is GST Return 9C?
GSTR-9C is a Reconciliation Statement that bridges the gap between your Annual Return (GSTR-9) and your Audited Annual Financial Statements. While GSTR-9 is a summary of GST filings, GSTR-9C ensures that the turnover and tax figures reported to the GST department match the figures in your company’s Profit & Loss account and Balance Sheet.
Who needs to fill GSTR-9?
GSTR-9 is required to be filed by regular GST registered taxpayers.
Persons NOT required to file GSTR-9:
It only compiles data already filed in:
Who needs to fill GSTR-9C?
As per current mandates, GSTR-9C must be filed by registered taxpayers whose aggregate turnover during a financial year exceeds ₹5 Crores. Unlike earlier years where a CA certification was mandatory, it is now a self-certified reconciliation statement.
GSTR-9 vs. GSTR-9C: Key Differences
| Features | GSTR-9 (Annual Return) | GSTR-9C (Reconciliation) |
|---|---|---|
| Purpose | Summary of all monthly/quarterly returns. | Reconciliation with Audited Financials. |
| Threshold | Mandatory for turnover > ₹2 Crores. | Mandatory for turnover > ₹5 Crores. |
| Nature | Consolidates GSTR-1 & GSTR-3B data. | Explains differences between Books & GST. |
| Certification | Filed by the taxpayer. | Self-certified by the taxpayer. |
Steps in the process of GSTR – 9/9C
- Perform a comprehensive reconciliation of turnover between the Audited Financial Statements and the GSTR-9.
- Identify and categorize any differences in tax paid due to adjustments in credit notes, advances, or classification errors.
- Conduct a detailed reconciliation of Input Tax Credit (ITC) claimed in GSTR-9 against the expenses recorded in the books of accounts.
- Prepare the Reconciliation Statement (Part A) and provide reasons for any unreconciled differences identified during the process.
- Upload the Self-Certification (Part B) along with a digital copy of the Audited Financial Statements on the GST Portal.
Last date to file
31st December following the end of the relevant financial year, (subject to extensions notified by the Government) for both GSTR-9 and GSTR-9C.
Mistakes to avoid while filing GSTR-9
Mistakes to avoid while filing GSTR-9C
Late Fee for delayed filing
For GSTR-9, ₹200 per day (₹100 CGST + ₹100 SGST), capped at 0.25% of turnover.
No fine is levied under IGST for late filing.
Under the GST framework, there is no separate or independent late fee specifically for Form GSTR-9C. Instead, the late fee is tied to the completion of the Annual Filing package under Section 44 of the CGST Act.
How can we support in GSTR – 9/9C ?
Comprehensive GSTR – 9/9C solutions handled by experienced Chartered Accountants.
CA-Led Compliance
Entire registration process is prepared and reviewed by qualified Chartered Accountants, ensuring professional-grade accuracy.
Accuracy Guarantee
Our multi-level verification process ensures error-free registration, protecting you from notices and penalties.
Timely Reminders
Proactive deadline tracking and reminders ensure you never miss a due date. On-time, every time.
Dedicated Support
A dedicated compliance manager for all your queries, notices, and year-round TDS support needs.
Frequently Asked Questions
-
Can errors in GSTR-1 or GSTR-3B be corrected in GSTR-9?
GSTR-9 does not allow revision of returns. However, certain additional disclosures and adjustments can be reported, but tax liability must be paid through DRC-03 where applicable.
-
How long does it take to prepare and file GSTR-9?
Depending on the volume of transactions and reconciliation complexity, GSTR-9 preparation and filing usually takes 5–15 working days when handled properly.
-
Why is it advisable to file GSTR-9 through a CA?
GSTR-9 involves annual reconciliation of GSTR-1, GSTR-3B, and books of accounts. A CA ensures accurate reconciliation, correct disclosures, and helps avoid notices, tax demands, and future litigation.
-
Is GSTR-9C mandatory if my turnover is below ₹5 Crores?
No, it is currently optional for taxpayers with an aggregate turnover of up to ₹5 Crores. However, filing GSTR-9 (Annual Return) remains mandatory if turnover exceeds ₹2 Crores.
-
What happens if there is a difference between GSTR-9 and the Audited Financials?
Any additional tax liability discovered during the reconciliation in GSTR-9C must be paid voluntarily by the taxpayer using Form DRC-03.
-
Can I file GSTR-9C before filing GSTR-9?
No. The GST portal requires GSTR-9 to be filed first, as the data from the Annual Return is automatically pulled into the GSTR-9C for reconciliation.
-
What documents are required for GSTR-9C?
You primarily need the filed GSTR-9, the Audited Balance Sheet, and the Profit & Loss Account for the relevant financial year.
Still got some questions?
Our GST experts are here to simplify GSTR-9/9C and ensure error-free filing.