Goods and Services Tax : Learn why bank loans are rejected due to poor documentation, weak financials, and unclear business models. Discover practical solu...
Goods and Services Tax : Large taxpayers can now self-certify GSTR-9C without CA/CMA certification, ensuring accurate reconciliation between GST returns an...
Goods and Services Tax : Learn how discrepancies between GST returns and financial statements arise, and discover best practices to reconcile GSTR-9 and 9C...
Goods and Services Tax : The guidance highlights that mismatches in turnover, ITC, or tax liability between books and returns can trigger audits and demand...
Goods and Services Tax : The FAQs hold that annual GST returns are final, non-revisable statements that often become the basis for audits and investigation...
Goods and Services Tax : The government accepted key professional suggestions to simplify annual GST reporting. The update allows ITC payments, clearer ITC...
Goods and Services Tax : Stakeholders seek more time for GSTR-9 and 9C as new ITC reporting rules introduce granular, multi-year reconciliations that signi...
Goods and Services Tax : The representation seeks more time to file GST annual returns citing extensive amendments and late clarifications. It urges an ext...
Goods and Services Tax : Recent amendments in GSTR-9 and GSTR-9C have increased compliance complexity, prompting calls for extended deadlines to allow accu...
Goods and Services Tax : Join TaxGuru’s free live webinar on GSTR-9 and GSTR-9C with CA Sachin Jain on 9th Nov 2025. Learn practical reconciliation techn...
Goods and Services Tax : The ruling clarifies that an annual return is incomplete without the reconciliation statement where required. Late filing of GSTR-...
Goods and Services Tax : Madras High Court grants relief to assessee, ruling GST portal notice insufficient; remands case subject to 25% tax payment....
Goods and Services Tax : Himachal Pradesh HC rules that late fee waiver under Notification No. 07/2023 applies to GSTR-9 returns filed before the amnesty p...
Goods and Services Tax : Madras HC sets aside an order exceeding the scope of a Show Cause Notice under GST, citing non-application of mind and violations ...
Goods and Services Tax : Madras High Court held that since petitioner failed to reply to notice nor attended the personal hearing, it is directed to deposi...
Goods and Services Tax : GSTN has clarified key issues on filing annual returns through consolidated FAQs. The guidance explains ITC reporting, auto-popula...
Goods and Services Tax : ITC availed for FY 2023-24 but reversed or claimed in FY 2024-25 must be reported in Table 6A1 of GSTR-9. Reversals from prior yea...
Goods and Services Tax : Taxpayers cannot file GSTR-9 for FY 2024-25 unless all GSTR-1 and GSTR-3B returns are completed. Auto-population of relevant table...
Goods and Services Tax : GSTN confirms GSTR-9/9C filing for FY 2024-25 is active on the GST portal since October 12, 2025. Filing requires all GSTR-1 and G...
Goods and Services Tax : Learn about the GST clarification on late fees for delayed FORM GSTR-9C filing and the impact of recent changes on late fee calcul...
Legal Provisions & Applicability of Annual Return under GST As per Section 44(1) of CGST Act 2017, taxable persons are required to furnish the Annual Return for every financial year electronically. Further, taxable persons whose turnover exceeds Rs. 2 Crores during the financial year, are required to get their accounts audited under Section 35(5) of […]
For the Financial Year 2017-18, due date for filing Gstr-9 – Annual Return, is 31st December 2018 according to Goods and Services Act, 2017. GSTR 9 form is an annual return to be filed once in a year by the registered taxpayers under GST including those registered under composition levy scheme. It consists of details regarding the supplies made and received during the year.
With the implementation of Goods and Services Tax (GST) in India from July 1, 2017, there has been a paradigm shift in indirect taxation structure in India from origin-based tax to destination based tax. The professional have an opportunity as well as responsibility to assist the assessees in filing the statutory Form 9 and also in conducting the GST Audit. In this regard I have prepared the comparison of the GSTR9 and GSTR9C for the better and quick understanding.
I) Annual GST Return GSTR-9, 9A and 9C – Provisions under CGST Act, 2017: 1. Section 35(5): Every registered person whose turnover during a financial year exceeds the prescribed limit shall get his accounts audited by a chartered accountant or a cost accountant and shall submit a copy of the audited annual accounts, the reconciliation […]
The imposition of Goods and Service Tax Act has brought along with it lots of compliance in the form of return filing. Apart from monthly / quarterly return filing, the taxpayer also needs to file an annual return. As per provisions of section 35 (5) of the Central Goods and Service Tax Act, 2017, every […]
The Central Goods and Service Tax Act, 2017 provides that an annual return in form GSTR 9C is required to be filed by every registered person whose turnover exceeds INR 2 crore in a financial year. The most important part under Goods and Service Tax is dealing with availment of input tax credit. Part IV […]
The Central Board of Indirect Taxes and Customs, vide notification no. 49/2018 – Central Tax dated 13th September, 2018, has provided the format of FORM GSTR – 9C. As per section 35 (5) of the Central Goods and Service Tax Act, 2017, read with rule 80 (3) of the Central Goods and Service Tax Rules, 2017, […]
Section 35 (5) of the Central Goods and Service Tax Act, 2017 provides that every registered person whose aggregate turnover exceeds INR 2 Crore is required to submit a reconciliation statement along with the audited reports. The Central Board of Indirect Taxes and Customs, vide notification no. 49/2018 – Central Tax dated 13th September, 2018, has […]
The Government has notified the GSTR-9C form for annual GST audit under which every taxpayer above Rs 2 crore turnover in a financial year would need to fill up a reconciliation statement and also obtain a certification of audit. The Government through the notification No. 49/ 2018 – Central tax has notified the format for GSTR-9C.
The entire reconciliation statement in the form GSTR 9C has been divided into the following Parts namely: 1. Basic details. 2. Reconciliation of turnover declared in the audited Annual Financial Statement with turnover declared in Annual Return 3. Reconciliation of tax paid Reconciliation of Input Tax Credit (ITC); and lastly 4. Auditor’s recommendation on additional […]
