GSTR-9 is an annual return form filed by all regular GST-registered taxpayers summarizing yearly transactions, while GSTR-9C is a reconciliation statement for taxpayers with an annual turnover over ₹2 crore, bridging audited financial statements with GSTR-9. GSTR-9C requires certification by a Chartered/Cost Accountant, whereas GSTR-9 is self-certified.
California's Quarterly Contribution Return and Report of Wages comprises Form DE-9 (grand totals & return) and Form DE-9C (detailed employee wage continuation). Employers use these forms to report total taxable wages, contributions, PIT withheld, and to remit UC/SDI/ETT contributions as applicable.
GSTR-9C is a form used for the annual GST reconciliation statement, which must be filed by certain taxpayers. Any registered taxpayer whose total turnover in a financial year exceeds Rs. 5 crore must file this form.
Who is required to file GSTR 9C? Every registered person under GST whose turnover during a financial year exceeds the prescribed limit of Rs. 5 crore must file a self-certified reconciliation statement in Form GSTR-9C. This statement must be filed by every GST-registered taxpayer, i.e. every GSTIN.
Scope of the Scheme: The waiver scheme applies to only those taxpayers who have failed to file GSTR-9 earlier. To avail benefits of this scheme, taxpayers have to file the return before March 31, 2025. Already Paid Late Fees: No refunds will be issued if the taxpayer has already filed the return with late payment fees.
GSTR 9 is an annual return that GST-registered businesses must file, detailing their financial transactions. GSTR 9C is a reconciliation statement, mandatory for businesses with a turnover exceeding Rs. 2 crores, ensuring consistency between audited financial statements and GSTR 9.
No, you cannot revise Form GSTR-9 return after filing.
The following category of tax persons are exempted from payment of 1% of GST in Cash 1. Registered taxpayers who have paid income tax above Rs 1.00 in Income Tax during the last two years continuously 2. Taxpayers who have zero-rated supplies without payment of duty and claimed refund of more than Rs 1.00 lac 3.
Section 44AD is a presumptive taxation scheme that allows taxpayers to pay tax on a presumed percentage of their annual turnover given that the annual turnover is less than Rs. 2 crores (Rs. 3 crores if 95% of receipts are through online modes).
Finance Act 2021 moved a proposal to eliminate the certification by CA for GSTR-9C. This proposal was accepted in the Union Budget 2021 and was applied from Annual Return of FY 2020-21. As per this change, Taxpayers can now 'Self-certify' the reconciliation statement in the GSTR 9C Form.
9. From where can I download and use the GSTR-9C Offline Utility in my system?
Yes, HSN code is mandatory in GSTR 9 under certain conditions. From the financial year 2021-22 onwards, it's mandatory to report the HSN Summary for Outward Supplies (your sales) in Table 17 of GSTR-9. Taxpayers with a turnover above Rs. 5 crores must report HSN codes at a 6-digit level.
Example 1 – If GSTR 9 is furnished on 25th December 2025 (due date 31st December 2025) and GSTR 9C is furnished on 7th January 2026. Then no late fees is levied for GSTR 9 as it is furnished within due date. However late fees for 7 days (delay in furnishing of GSTR 9C) is auto populated in GSTR 9C.
In summary, a Roth after-tax plan option may be ideal if you are focusing on long-term growth with tax-free withdrawals. On the other hand, the pre-tax contribution option can provide you with immediate potential tax savings by lowering your current taxable income while still offering you long-term growth potential.
All regular GST-registered taxpayers with an annual turnover exceeding Rs. 2 crores are required to file GSTR-9C, which includes a reconciliation statement and certification by a Chartered Accountant (CA) or Cost Management Accountant (CMA).
As recently as January 2022, the limit is Rs. 1 crore for businesses and Rs. 50 lakhs for professionals.
(a) any person engaged exclusively in the business of supplying goods or services or both that are not liable to tax or wholly exempt from tax under this Act or under the Integrated Goods and Services Tax Act; (b) an agriculturist, to the extent of supply of produce out of cultivation of land.
Cash Transaction Limit: Under Section 269ST, receiving over ₹2 lakh in cash per transaction/day is prohibited. Exceptions: Payments to government authorities, agricultural income, or banking channels. Penalties: Violations may attract severe penalties.
New Changes in GST Audit Rules 2025
Turnover Threshold: The threshold for GST Audit is up to ₹2 crore for businesses. However, stronger scrutiny is applied even on the lower turnover, with discrepancies being noticed.
FAQs on HSN Summary in GSTR-9
Yes. Outward supplies HSN is compulsory. Inward supplies must be reported if above prescribed limits. Q2.
GSTR-9 annual return filling is mandatory for every taxpayer registered under GST. Certain categories are exempted from this filing, including casual taxpayers, non-resident taxpayers, Input Service Distributors, and those who deduct or collect tax under Section 51 or Section 52.