GSTR 9C

KNOW WHAT IS GSTR 9C – Reconciliation statement and certification

GSTR 9C is an audited report under GST which specific class of GST registered taxpayer needs to comply with. It is a reconciliation statement between GSTR 9 filed and the audited financial statement during the year It is a form that needs to be certified by a CA. This reconciliation statement helps GST authorities to verify the correctness of the GST returns filed by the taxpayers as it is verified by certified professionals. In this guide, you will find the following information. In this article you will find answers to below questions:

  • Who needs to file GSTR 9C?
  • Due dates of filing GSTR 9C?
  • Penalty for nonfiling of GSTR 9C?
  • WHO NEEDS TO FILE GSTR 9C?

Every registered taxpayer under GST having aggregate turnover during a financial year more than two crore rupees shall get his accounts audited as specified under sub-section (5) of section 35 of the CGST Act, and shall furnish a copy of the audited annual accounts and a reconciliation statement, duly certified by Chartered Accountant or cost accountant in FORM GSTR-9C. GSTR 9C can only be submitted after applying for GSTR 9.

DUE DATE OF FILING GSTR 9C?

GSTR9C filing shall be done on or before the 31st of December following the financial year which is under audit. 
NOTE: GSTR 9C for FY 2018-19  has been exempted for businesses with  average turnover of INR 5 crore. [ GST 39TH COUNCIL MEETING ]

PENALTY FOR NON FILING OF GSTR 9C?

If the taxpayer fails to submit both the annual return and the Form GSTR-9C, a fee of Rs.200 / will be charged- per day during which the default continues (Rs. 100 under CGST law + Rs. 100/- under State / Union Territory GST law)
*Limit of maximum amount of .50% (0.25% under the CGST Law + 0.25% under the SGST / UTGST Law) of turnover in the State/UT.
These provisions apply to the filing of GSTR-9; however, no specific provisions have been mentioned for  GSTR-9C. Therefore the filing of GSTR-9 and non-filing of GSTR-9C could be subject to a general penalty of Rs 25,000.

HOW TO FIND A CONSULTANT FOR GSTR 9C ONLINE?

CAonWeb is a platform where you can book appointments with chartered Accountants or you could ask team CAonWeb to help you get connected to a chartered accountant online who is an expert on filing gstr 9c, it is a safe and affordable method to avail for ca services online.

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