GSTR 9C - Reconciliation statement and certification

GSTR 9C is a reconciliation statement between GSTR 9 for a financial year and the audited financial statement of the taxpayer. In this guide, you will find the following information.

The GSTR9C is an audit form that was introduced on September 13, 2018. It must be filed annually by taxpayers with a turnover above 2 crores, and it must be certified by a CA. It is basically a reconciliation statement between the annual returns filed in GSTR-9 and the taxpayer's audited annual financial statements. The form will contain the taxpayer's gross and taxable turnover according to their accounting books, reconciled with the corresponding figures after consolidating all of their GST returns for the financial year, and any difference revealed by the reconciliation. The difference, and the reason for it, should be mentioned explicitly. A GSTR-9C must be issued for every GSTIN.

Who should file GSTR 9C?

Every taxpayer who is liable to get their annual reports audited is required to file GSTR9C. (A taxpayer must get their annual reports audited under GST law if their annual aggregate turnover exceeds Rs. 2 crores within a financial year.)

To file a GSTR9C, a chartered accountant or cost accountant must first prepare and certify the form, after which the taxpayer must file it either on the GST portal or through a facilitation center. The taxpayer may also be required to submit other documents along with the GSTR9C form, such as a copy of their audited accounts and their annual returns in a GSTR-9 form.

When to file GSTR 9C?

The last date to file GSTR9C for the financial year 2018-2019 is November 30, 2019. Typically, the GSTR9C must be filed on or before the 31st of December following the financial year which is under audit. (For example, for the financial year of 2018-2019, the GSTR9C must be filed on or by the 31st of December, 2020.)