GSTR 9 and GSTR 9C Overview and Comparison
GSTR 9 and GSTR 9C annual returns and reconciliation statements are to be filed annually by the taxpayers. But there appears to be ongoing confusion amongst the taxpayers regarding the difference between GSTR 9 and 9C.
This blog gives an overview and a quick comparison of GSTR 9 and GSTR 9C.
GSTR 9 Annual Return
What is GSTR 9?
The annual return GSTR 9 is a summary of the taxpayer’s monthly/ quarterly returns (GSTR 1, GSTR 2A, GSTR 3B). For taxpayers whose annual aggregate turnover exceeds ₹ 2 Cr. it is mandatory to attach an annual audit report along with the annual return GSTR 9.
Components of GSTR-09 are:
- Details of advances, inward and outward supplies on which tax is payable as declared in returns like Supplies made to unregistered persons (B2C) persons (B2C), Zero rated supply (Export), etc.
- Details of Outward supplies on which tax is not payable as declared in returns filed during the financial year.
- Details of ITC as declared in returns filed during the financial year.
- Details of ITC availed, as declared in returns filed during the financial year.
- Details of ITC Reversed and Ineligible ITC as declared in returns filed during the financial year.
- Details of tax paid as declared in returns filed during the financial year.
- Particulars of Demands and Refunds
Note that a taxable person with the same Income Tax PAN but multiple GSTINs has to furnish separate annual returns and annual audit reports in GSTR 9 and GSTR 9C for each GSTIN.
What is the Applicability of GSTR 9?
It is mandatory for all taxpayers registered under GST to file GSTR 9 annual returns. However, there are some exceptions, as mentioned below,
- Input Service Distributors
- Taxpayers opting for Composition Scheme
- Casual Taxable Person
- Non-resident Taxable Persons
- Persons paying TDS under Section 51 or TCS under Section 52
- Persons supplying OIDAR services from out of India to a person in India
What is the Due Date for filing GSTR 9?
The due date for filing GSTR 9 is the 31st of December of the year following the relevant financial year unless extended otherwise by CBIC.
What are the Late Fees for GSTR 9?
The late fee is ₹200 (₹100 CGST + ₹100 UT/SGST) per day, subject to a maximum of ₹0.50% (0.25% + 0.25%) of its turnover.
GSTR 9C Reconciliation Statement
GSTR 9C is a reconciliation statement between the annual returns in GSTR 9 for the relevant financial year and the figures mentioned in the audited annual financial statements of the taxpayer. It consists of the gross and taxable turnover as per the books of accounts, with the respective figures mentioned in the consolidation of all the GST returns for the financial year.
A taxable person whose aggregate turnover exceeds ₹5 Cr. in a financial year is required to submit the audit report in form GSTR 9C.
What is the Applicability of GSTR 9C?
It is mandatory for registered taxpayers with a total turnover exceeding ₹5 Cr for the relevant financial year to file the GSTR 9C reconciliation statement. GSTR 9C must be prepared and self-certified by the taxpayer on the GST portal. This return is applicable to taxpayers who shall get their annual accounts audited under the GST laws.
The government or local authority is not required to submit an audit report if their account is audited by C&AG – Second proviso to section 44 of CGST Act, 2017.
What is the Due Date for filing GSTR 9C?
The due date for filing the annual return GSTR 9 and 9C are the same. GSTR 9C must be filed by the registered taxpayer on or before 31st December of the year following the relevant financial year unless extended otherwise by CBIC.
What are the Late Fees for GSTR 9C?
There are no specific provisions applicable for GSTR 9C, and hence the non-filing of GSTR-9 and GSTR 9C could be subject to a general penalty of ₹25,000.
Comparison of GSTR 9 and GSTR 9C
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GSTR 9 Annual Return
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GSTR 9C Reconciliation Statement
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General Details
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Annual return, consolidation of monthly/quarterly GST returns.
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The audit report, reconciliation statement of annual return GSTR 9.
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Applicability
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GST-registered taxpayers with a total turnover exceeding ₹2 Cr.
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GST-registered taxpayers with a total turnover exceeding ₹5 Cr.
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Exemptions
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Taxpayers opting for the composition scheme, casual taxable persons, input service distributors, non-resident taxable persons, and persons paying TDS under Section 51 of the CGST Act.
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Foreign companies which are in the airline business, covered under the relevant provisions and rules of the Companies Act, 2013, and persons who are non-residents and are providing OIDAR service in India to unregistered persons.
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Due Date
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31st December of next FY.
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31st December of next FY.
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Late Fees
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Late fees ₹200 (₹100 CGST + ₹100 UT/SGST) per day of delay, subject to a maximum cap of an amount at ₹0.50% (0.25% + 0.25%) of itsd turnover.
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No specific provision, hence, subject to a general penalty of ₹25,000.
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Filing
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To be filed on the GST portal.
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To be filed on the GST portal at the time of or after filing GSTR 9.
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Attachments
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No attachments are required.
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The audited financial statements are required to be attached.
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How to prepare GSTR 9 and 9C?
How to prepare GSTR 9 and 9C?
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