From FY 2020-21 onwards, GSTR-9C does not need to be signed by a Chartered Accountant (CA) or Cost Accountant. The reconciliation statement is now required to be self-certified by the taxpayer (authorized signatory, CFO, or director) using a Digital Signature Certificate (DSC) or Aadhaar-based e-sign.
Is CA/CMA certification mandatory for GSTR-9C? No. Self-certification is now allowed. A CA/CMA audit is optional, but taxpayers must accurately reconcile their GST returns with audited financials.
In conclusion, a GST Chartered Accountant (CA) can provide businesses with various services related to GST compliance. These services can include GST registration, return filing, audit, advisory services, and compliance management.
Filing GSTR-9C requires the taxpayer to first file GSTR-9 (Annual Return). The GSTR-9C Offline Utility must be downloaded to prepare, validate, and generate the JSON file for upload. Once the JSON is uploaded, taxpayers must also upload the audited financial statements (Balance Sheet and P&L in PDF).
Do you need a Chartered Accountant (CA) for GST filing? No, a Chartered Accountant (CA) is not required to submit a monthly Goods and Services Tax (GST) return in India. The GST return filing procedure is made to be simple to use and enables taxpayers to submit their returns on their own.
If none of the conditions for CA certification apply, you can file GSTR-10 without a CA Certificate and simply pay any outstanding tax dues. 📅 Important Reminder: ✅ File GSTR-10 within 3 months of GST cancellation to avoid penalties. ✅ Late Filing Penalty: ₹200 per day (₹100 CGST + ₹100 SGST).
Firstly, it's essential to understand that the charges for filing GST returns by a CA may vary depending on various factors such as the complexity of the return, the volume of transactions, and the experience of the CA. On average, CAs may charge anywhere between Rs. 2,000 to Rs. 15,000 per year for filing GST returns.
ITR Filing Charges:
Salaried ITR Filing: ₹1,000/- Capital Gain / Share Gain-Loss ITR: ₹1,500/- Business ITR – 44AD Return: ₹2,000/- All other ITR Filing: ₹3,000/-
According to section 125 of the CGST and SGST Acts of 2017, there is a general penalty of Rs. 25,000 for non-compliance. Since no specific penalty has been prescribed for the late filing of GSTR-9C, this general penalty would apply to those who fail to submit the form on time.
Step 1: Visit the GST portal. Step 2: Navigate to Downloads > Offline Tools > GSTR-9C Offline Tool. Step 3: Click the download link on the GSTR-9C offline utility page. Step 4: A confirmation message will pop-up.
Chartered Accountants play a crucial role
Responsibilities Generally, Chartered Accountants are responsible ∎ for ensuring the maintenance of accurate and detailed records of all GST-related transactions. ∎ This includes invoices, receipts, and other relevant documents.
Invoices up to one year old can be claimed in case of inputs and up to five years in case of capital goods. If the ITC claim is more than INR 2 lakhs, Chartered Accountant certificate or Cost Accountant certificate must be uploaded.
Like any other goods or services, Goods and Services Tax (GST) applies to professional services, including CA, legal services, consulting and more. GST on professional services, however, has been revised under the new GST 2.0 reform.
As per the decision of the Council taken at its 379th Meeting held on 17th -18th December, 2018, UDIN was made compulsory for all practicing Chartered Accountants in phased manner i.e on all Certificates wef 1st Feb., and from 1st April, 2019 onwards on GST & Tax Audit Reports.
Reconciliation Statement in Form GSTR-9C is filed by every registered taxpayer whose Aggregate Annual Turnover during FY Exceeds Rs. 5 Cr. GSTR-9C is a statement of reconciliation between the annual return- GSTR 9 and the audited annual financial statements of a registered taxable person.
Chartered Accountants are put in a fiduciary position and trusted upon by the Government and other stakeholders for issuing certificates for various special purposes. GST law also requires issuance of certificate by independent Chartered Accountants practitioners on certain specific matters.
GST Council (in 53rd meeting) recommended that for FY 2023-24, if annual turnover is below ₹ 2 crore, GSTR-9 / 9C filing may be waived (i.e. no requirement). The requirement for a CA/CMA signature has been removed for FY 2020-21 onwards — taxpayers self-certify true reconciliation.
GSTR-9C must be prepared and self-certified by the taxpayer. It must be filed on the GST portal or through a facilitation centre by the taxpayer, along with other documents such as a copy of the Audited Accounts and Annual Return in form GSTR-9.
The answer to this question is yes. It is not mandatory to hire a CA for paying GST. The government has provided an online platform called the GST portal, where taxpayers can register and file their GST returns themselves.
Yes, you can file your ITR without a CA via our DIY plans. Click here to check out the plans. What is assisted filing? Get an expert to do your taxes for an individual with all kinds of income.
GST Return Fees: Rs. 1,000 to Rs. 3,000 per month. Professional Filing Services: Rs.
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Professional Fees: Rs. 1000 to Rs. 3,000 per GSTR-9 filing, depending on the complexity and service provider. Paid Software Charges: Rs.
PROCEDURE FOR CLAIMING REFUND
The refund application shall be accompanied with a certification from a Cost Accountant or Chartered Accountant, provided the amount of refund exceeds Rs 2 lakhs.
To file your first GST return, log into the GST portal, navigate to the return section, and fill out the required forms such as GSTR-1 and GSTR-3B with accurate details of your transactions. Can I file my GST return myself? Yes, you can file your GST return yourself through the GST portal.