GSTR-9C is a GST Reconciliation Statement that is supposed to be filed by the assessees on or before 31st December of the relevant Financial Year. This form is supposed to be filed with GSTR-9 and the audited financial statements on the official GST Portal.
It is a statement of reconciliation between the following: –
- The Annual Return in GSTR-9 that is filed for the relevant Financial Year
- The Figures that are mentioned on the Audited Annual Financial Statements of the Assessee
This form is supposed to be certified by a Chartered Accountant. It is similar to an audit report, that is submitted under the Income Tax Act. Moreover, it contains the details of gross and taxable turnover, according to the books reconciled with the respective figures, as per the consolidation of all the GST returns for the relevant Financial Year. Therefore, if there are any differences arising from the reconciliation, that difference will be reported in GSTR-9C along with the reasons for these differences. This certified statement should be issued for every GSTIN. For a PAN there can be several GSTR-9C.
Who is required to prepare and submit GSTR-9C?
GSTR-9C is supposed to be prepared by a CA or a Cost Accountant. It should be filed on the official GST portal or via a Facilitation Centre, by a taxpayer along with other documents that include the copy of the Audited Accounts and Annual returns in GSTR-9.
All the taxpayers who get their accounts audited annually, as per the GST laws are supposed to file this form. The taxpayers who have an annual turnover of more than Rs. 2Cr during a particular Financial Year are supposed to get their accounts audited.
Due date for Filing GSTR-9C
The due date to file GSTR-9C is same as the last date to file GSTR-9. Hence, a taxpayer is required to file this form on the 31st December of the year subsequent to the relevant Financial Year.
For Example: The last date to file GSTR-9C for the Financial Year 2017-18 will be 31st December 2018.