What is GSTR-9C?

GSTR-9C is a reconciliation statement filed by every taxpayer whose turnover exceeds the prescribed limit of Rs.2 Crores. It should be audited by Chartered accountant or a cost accountant. It is basically a statement of reconciliation between –

  • The filed annual return for a financial year, and
  • The audited figures of annual financial statements of the taxpayer.

It must be filed through GST portal or facilitation centers along with other documents such as annual return and copy of audited accounts.

Who should file GSTR-9C?

Every taxpayer who is having a turnover of more than Rs.2 crore in a financial year shall get his or her accounts audited by certified chartered accountant or by a cost accountant must file GSTR-9C except the following persons –

  1. Input service distributors
  2. Non-resident taxable persons
  3. Casual taxable persons
  4. E-commerce operator
  5. Tax payers using composition scheme(In this case, they need to file GSTR-9A)
  6. Persons paying TDS
  7. Taxpayers whose business turnover is less than Rs.2 crores

GSTR-9C Filing Due Dates

GSTR-9C should be filed by taxpayers on or before 31st December. For example – In case taxpayer wants to file his or her annual return for FY 2018-19, taxpayer should file the same on or before 31st December 2019. Date may be extended sometimes by the government.

Penalty for Late GSTR-9C Filing

There is no such provision but it subject to a general penalty of Rs.25000.