GSTR- 9C is now available on GST Portal

Last Updated On: Aug. 26, 2021, 10:13 p.m.
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GSTR-9C IS NOW AVAILABLE ON GST PORTAL

What is GSTR-9C?

Every registered person whose turnover during a financial year exceeds the prescribed limit of rupees two crores shall get his accounts audited by a chartered accountant or a cost accountant.

  • GSTR-9C is a statement of reconciliation between:
  • the Annual Returns in GSTR-9 filed for a FY,  and
  • the figures as per the audited annual Financial Statements of the taxpayer.

It can be considered to be similar to that of a tax audit report furnished under the Income-tax act. It will consist of gross and taxable turnover as per the Books reconciled with the respective figures as per the consolidation of all the GST returns for an FY. 

Hence, any differences arising from this reconciliation exercise will be reported here along with the reasons for the same. The certified statement shall be issued for every GSTIN. Hence, for a PAN there can be several GSTR-9C forms to be filed.

 

Importance of GSTR-9C:

A Chartered Accountant or Cost Accountant must prepare this GST Reconciliation statement. Any differences between the details reported in all the GST returns and the Audited Accounts must be reported by the CA therein with the reasons for the differences. 

This statement acts as a base for the GST authorities to verify the correctness of the GST returns filed by the taxpayers. This is because the CA has to certify any additional liability arising out of the reconciliation exercise and GST audit in GSTR-9C.

 

 

Who has to submit GSTR-9C?

GSTR-9C must be prepared and certified by a Chartered Accountant or Cost Accountant. It must be filed on the GST portal or through a facilitation centre by the taxpayer, along with other documents such as the copy of the Audited Accounts and Annual Return in form GSTR-9. This statement is applicable to all those taxpayers who must get their Annual Accounts audited under the GST laws. 

Audit under GST applies to those registered persons whose Annual aggregate turnover exceeds rupees two crores in that FY. Further, as per CBIC’s CGST notification number 09/2020 dated 16th March 2020, all the foreign companies which are into airlines business and compliant with the relevant provisions and rules of the Companies Act, 2013 are exempted from the GSTR-9C requirement. 

Moreover, persons who are non-residents and are providing OIDAR service in India to unregistered persons have been exempted from submitting GSTR-9 and GSTR-9C.

 

1. NIL GSTR-9 RETURN can be filed, in cases where

  • Not made any outward supply (commonly known as sale); AND
  • Not received any inward supplies (commonly known as purchase) of goods/services; AND
  • No liability of any kind; AND
  • Not claimed any Credit during the Financial Year; AND
  • Not received any order creating demand; AND
  • Not claimed any refund.
  • during the Financial Year

2. GSTR-9 can be filed online. It can also be prepared on Offline tool and then uploaded on the Portal and filed.

3. Annual return in Form GSTR-9 is required to be filed by every taxpayer registered as normal taxpayer during the relevant financial year unless exempted by Government through notification.

4. All applicable statements of Forms GSTR-1/IFF and returns in Form GSTR-3B of the financial year should have been filed before filing GSTR-9.

5. In case, you are required to file GSTR-9C (Reconciliation statement and Certification), the same shall be enabled on the dashboard post filing of GSTR-9.

 

Procedure to submit GSTR-9C

Steps for Online Mode:

  • Click on Prepare Online;
  • Select from the questionnaire page, whether you wish to file NIL Annual return;
  • You may download the draft of system generated GSTR-9, summary of GSTR-1/IFF and summary of GSTR-3B from GSTR-9 dashboard for your reference;
  • If number of records/lines are less than or equal to 500 records per table in Table 17 and Table 18, then you may use the online facility;
  • Fill in the details in different tables and click on Compute Liabilities; and
  • Click on Proceed to file and File GSTR-9 with DSC/EVC.
  • Additional liability, if any, declared in this return can be paid through Form GST DRC-03 by selecting as Annual Return from the cause of payment dropdown in the said form. Such liability can be paid only through cash.

 

Steps for Offline Mode:

  • You can download the GSTR-9 offline tool from the Downloads section in the pre-login page on the portal and install it on your computer.
  • Click on Prepare Offline;
  • Click on Download to download auto-drafted GSTR-9 details, if any;
  • Import downloaded json into offline tool;
  • Follow instructions in GSTR-9 offline tool to add details and generate JSON file for upload; and
  • Click on Upload to upload JSON file and file the return with the help of instruction available on GSTR-9 dashboard.
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