GSTR-9 is an annual return summarizing all monthly/quarterly GST returns (3B/1) for the financial year, mandatory for taxpayers with turnover above ₹2 crore. GSTR-9C is a reconciliation statement comparing GSTR-9 data with audited financial statements, required for taxpayers with turnover exceeding ₹5 crore, and must be self-certified.
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.
GSTR-9C is a form for annual GST reconciliation statement filed by applicable taxpayers. Every registered person whose aggregate turnover during a financial year (FY) exceeds Rs. 5 crore rupees must file this form. They shall also furnish a copy of the audited annual accounts.
There are various types of GST returns such as GSTR-1 (details of outward supplies), GSTR-3B (summary return of sales and purchases), and others catering to specific categories of taxpayers and activities.
GSTR-9 (Annual Return) is optional for businesses with turnover up to Rs. 2 crore since FY 17-18 onwards till FY 2023-24. Every year, the GST department notifies the threshold turnover limit above which it is mandatory to file GSTR-9.
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.
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).
Who need to file Annual Return in Form GSTR-9? Form GSTR-9 is to be filed by a person who is registered as a normal taxpayer, including SEZ unit or SEZ developer and the taxpayers who have withdrawn from the composition scheme to normal taxpayer any time during the financial year.
Types of GST in India
CGST (Central Goods and Services Tax) SGST (State Goods and Services. IGST (Integrated Goods and Services Tax) UTGST (Union Territory Goods and Services Tax)
Common Reasons for Wrong Data in GSTR-9
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.
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.
For example, if you've been considering a size 9K for your child, you can also select size 9C, as these are the same sizes.
GST is leviable only if aggregate turnover is more than 20 lacs. (Rs. 10 lacs in 11 special category States). For computing aggregate supplies turnover of all supplies made by you would be added.
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.
Frequently Asked Questions
There are two methods of accounting for GST (goods and services tax), a cash basis and a non-cash basis (accruals). The method you use will affect when you must report GST.
GST is a broad-based tax of 10% on most goods, services and other items sold or consumed in Australia. To work out the cost of an item including GST, multiply the amount exclusive of GST by 1.1. To work out the GST component, divide the GST inclusive cost by 11.
1 – Is there any distinction between Form GSTR-9 & GSTR-9C? Yes, the distinction between the 2 forms is that GSTR-9 is to be furnished via all the regular assessee. And on the other side Form, GSTR 9C is to get furnished via those assessee's whose yearly turnover is Rs 2 cr or more towards that fiscal year.
5 crore in a financial year. This requirement applies to regular taxpayers registered under GST. If a taxpayer's turnover crosses Rs. 5 crore, filing GSTR-9C along with GSTR-9 becomes mandatory.
This article is the best place to stop by! GSTR 9 Annual Return is to be filed by all the registered regular taxpayers whose turnover exceeds INR 2 crores on or before 31st of December every year.
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The GST limit for composition schemes in India is Rs. 1.5 crore turnover per annum. Composition schemes are voluntary schemes available for small businesses with annual turnovers up to Rs. 1.5 crore who can opt for fixed tax rates instead of regular GST rates.
Failing to file GSTR-9 on time results in financial penalties of ₹200 per day, capped at 0.25% of annual turnover, disrupting cash flow for businesses. Non-compliance with GSTR-9 can lead to denial of input tax credits, audits, legal risks, and even suspension or cancellation of GST registration.