GSTR-9C is a reconciliation statement prescribed under Section 44 of the CGST Act, 2017, read with the applicable CGST Rules, to reconcile the figures reported in the annual GST return (GSTR-9) with the financial statements of the registered person. It helps identify differences in turnover, Input Tax Credit (ITC), tax liability, and other GST-related transactions, ensuring accurate reporting and compliance with GST laws. Our Chartered Accountants perform a detailed reconciliation of GST returns with books of accounts and financial statements, identify discrepancies, recommend necessary corrections wherever permissible, and prepare and file GSTR-9C in accordance with the applicable legal provisions.

What is Reconciled in GSTR-9C?

The reconciliation statement covers relevant information such as:

• Turnover reported in financial statements and GST returns.
• Taxable turnover.
• GST tax liability.
• Tax paid through cash and input tax credit.
• Input tax credit reported in GST records.
• Differences between financial records and GST returns.
• Reasons for applicable reconciliation differences.
• Additional tax liability identified during reconciliation.
• Other information prescribed in the applicable GSTR-9C format.

Statutory Due Date

GSTR-9C is generally required to be furnished on or before 31 December following the end of the relevant financial year along with the applicable GSTR-9 unless the Government extends the due date through notification.

The applicability is determined with reference to the taxpayer's aggregate turnover and the provisions applicable for the relevant financial year.

Important: GSTR-9C is currently a self-certified reconciliation statement. The earlier requirement for certification by a Chartered Accountant or Cost Accountant has been removed.