GSTR-9C (GST Audit)

GSTR-9C is an annual GST reconciliation statement that must be filed by eligible taxpayers. Every registered person with an aggregate turnover exceeding Rs. 5 crore in a financial year is required to file this form, along with a copy of the audited annual accounts.

What is GSTR 9C?

GSTR-9C is a crucial reconciliation statement under GST that every taxpayer with an annual turnover exceeding Rs. 5 crore must file. It ensures that the information in the GST annual return (GSTR-9) matches the audited financial statements of the business. This form needs to be certified by a Chartered Accountant (CA) or Cost Accountant, ensuring compliance with GST laws. Filing GSTR-9C accurately is essential for transparency, tax correctness, and avoiding penalties.

Applicability of GSTR 9C

• GSTR-9C is a reconciliation statement between the audited financials and GSTR-9.
• It is applicable to regular taxpayers registered under GST.
• It must be filed only if the aggregate turnover exceeds ₹5 crore in a financial year.
• It must be certified by a Chartered Accountant or Cost Accountant.
• Composition taxpayers are not required to file GSTR-9C.
• Input Service Distributors (ISD), TDS/TCS deductors, and NRTPs are also exempt.

It is filed along with GSTR-9 annually