What Is GSTR 9C - How To File GSTR 9C - GSTR9C Format

12/7/2019 What is GSTR 9C?
| How to file GSTR 9C | GSTR9C Format - Zoho Books
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GSTR 9C - Reconciliation statement and

certification
GSTR 9C is a reconciliation statement between GSTR 9 for a financial year and the
audited financial statement of the taxpayer. In this guide, you will find the
following information. GSTR-9C
Last updated on 25 September, 2019
What is the GSTR-9C?
Who is required to file GSTR-9C?
When to file GSTR-9C?
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How for to
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file GSTR-9C?
What is the GSTR 9C?

The GSTR9C is an audit form that was introduced on September 13, 2018. It must
be filed annually by taxpayers with a turnover above 2 crores, and it must be
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12/7/2019 What is GSTR 9C? | How to file GSTR 9C | GSTR9C Format - Zoho Books
certified by a CA. It is basically a reconciliation statement between the annual

returns filed in GSTR-9 and the taxpayer’s audited annual financial statements.
The form will contain the taxpayer’s gross and taxable turnover according to
their accounting books, reconciled with the corresponding figures after
consolidating all of their GST returns for the financial year, and any difference
revealed by the reconciliation. The difference, and the reason for it, should be
mentioned explicitly. A GSTR-9C must be issued for every GSTIN.
Latest Update as per the 37th GST Council Meeting
The Council has considered to simplify the filing of GSTR 9C.
The large taxpayers should finish filing the annual return in

GSTR-9C by November 30, 2019.
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Who should file GSTR 9C?
Every taxpayer who is liable to get their annual reports audited is required to file
GSTR9C. (A taxpayer must get their annual reports audited under GST law if their
annual aggregate turnover exceeds Rs. 2 crores within a financial year.)
To file a GSTR9C, a chartered accountant or cost accountant must first prepare

and certify the form, after which the taxpayer must file it either on the GST portal
or through a facilitation center. The taxpayer may also be required to submit
other documents along with the GSTR9C form, such as a copy of their audited
accounts and their annual returns in a GSTR-9 form.
When to file GSTR 9C?

The last date to file GSTR9C for the financial year 2018-2019 is November 30,
2019. Typically, the GSTR9C must be filed on or before the 31st of December
following the financial year which is under audit. (For example, for the financial
year of 2018-2019, the GSTR9C must be filed on or by the 31st of December, 2020.)
How to file GSTR 9C?

The GSTR9C is split into two sections. Part A collects tax information; Part B is a
certification that must be completed by a chartered accountant.
Part A, the reconciliation statement, contains sections for basic details,

reconciliation of Annual Financial Statement turnover with GSTR-9 turnover,
reconciliation of tax paid, reconciliation of Input Tax Credit (ITC), and auditor’s
recommendation on additional liability due to non-reconciliation.
Part 1: Basic Details
In the first part of the GSTR 9C form, you can enter the financial year, GSTIN,
legal name, and trade name (if any). You are also asked to specify whether you
are liable to audit under any Act or not.
Part 2: Reconciliation of turnover declared in audited Annual

Financial Statement
In Part 2, you’ll enter information about your turnover based on your audited
Annual Financial Statement. Section 5 is for details regarding the reconciliation
of your gross turnover. This involves reporting the gross and taxable turnover for
the following:
A. The turnover, inclusive of exports, as declared in the audited financial reports

for the State.
B. The unbilled revenue noted at the beginning of the financial year.
C. Any unadjusted advances at the end of the financial year.
D. The deemed supply as listed under Schedule I.
E. All credit notes that were issued after the end of the financial year but
reflected in the annual return.
F. Trade discounts that have been accounted for in the audited annual financial
statement, but are not allowed under GST.
G. The turnover for the period between April and June, 2017.
H. The unbilled revenue calculated for the end of the financial year.
I. The unadjusted advances at the beginning of the financial year.
J. Credit notes that have been accounted for in the audited annual financial
statements, but are not allowed under GST.
K. Any adjustments on account of supply of goods by SEZ units to DTA units.
L. The turnover for the period under the composition scheme.
M. Any adjustments in turnover under Section 15.
N. Any adjustments in turnover due to foreign exchange fluctuations.
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Any adjustments in turnover
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FAQs, and to reasons that have been not listed above.
P. The annual turnover after all the above adjustments have been made. This
field is auto-populated.
Q. The turnover declared in the annual return, GSTR-9.
R. The un-reconciled turnover, which is calculated as the difference between

lines P and Q above. (Q - P)
Under Section 6, you can list any possible reasons for un-reconciled differences
in the annual gross turnover that may have occurred.
In this section, you are required to fill in the following values related to the
reconciliation of taxable turnover:
A. The annual turnover after adjustments. This value is auto-populated.
B. The value of the exempted, nil rated, non-GST supplies, and no-supply
turnover.
C. The value of supplies which are zero-rated and for which no tax was paid.
D. Value of supplies for which tax is to be paid by the recipient under reverse
charge.
E. The taxable turnover as per the adjustments listed in the above lines. (A - B - C -
D)
F. The taxable turnover with regard to the liability listed in the annual return
(GSTR-9).
G. Value of the unreconciled taxable turnover. (F - E)
Similar to Section 6, Section 8 allows you to list reasons for the difference
between the taxable turnover declared in the annual return and the taxable
turnover derived from line E of Section 7.
Part 3: Reconciliation of tax paid
Part 3 collects information about the tax you have paid. In Section 9, you are to
fill in the taxable value, central and state tax, integrated tax, and cess value for
each tax rate: 5%, 12%, 18%, 28%, 3%, 0.25%, and 0.10%. For each rate, tax paid
by reverse charge is listed in a separate line from tax collected normally.
Under Section 10, you can enter the reasons for the difference between the total
amount of tax paid as per the reconciliation statement, and the total amount of
tax paid as given in the annual return (GSTR-9).
Section 11product
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andpayable,
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reasons specified in Sections 6, 8, and 10.
Part 4: Reconciliation of ITC
Part 4 contains information for reconciling your ITC. Under Section 12, mention
the value of the ITC availed in the following categories:
A. The ITC availed as per the audited annual financial statement for the state or
UT. In the
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derived from the audited accounts.
B. The ITC that has been mentioned in the accounts for earlier financial years,
but availed in the current financial year.
C. The ITC that has been mentioned in the accounts of the current financial year,
but kept to be availed in the next financial year.
D. The ITC that has been availed as per the audited financial statements or
accounts. This field will be auto-populated.
E. The ITC that has been claimed in your annual return (GSTR-9).
F. The un-reconciled ITC.
Under Section 13, you can list any reasons for a difference between the ITC
claimed according to the annual return filed (GSTR-9) and the ITC claimed as per
the audited financial statement.
Under Section 14, specify the value, amount of total ITC, and amount of eligible
ITC availed with regard to each category of expenses.
In Section 15, fill in the reasons for any difference between the amount of ITC
availed for the different expenses (mentioned in line R of Section 14) and the
availed ITC as per the annual return (mentioned in line S).
In Section 16, fill in the central and state tax, integrated tax, cess value, interest,
and penalty payable with regard to the un-reconciled differences described in
Sections 13 and 15.
Part 5: Auditor’s recommendation on additional liability due

to non-reconciliation
Part 5 contains your auditor’s recommendations on your additional tax liability

due to non-reconciliation. Here, your auditor is to enter the taxable value, central
and state tax, integrated tax, and cess value (if applicable) for several categories:
the individual tax rates of 5%, 12%, 18%, 28%, 3%, 0.25% and 0.10%; the
applicable ITC, interest, late fees, penalties, any other amounts paid but not
included in GSTR-9; erroneous refunds to be paid back; and outstanding demands
to be settled.
Before filing the GSTR-9C form, you must sign and authenticate the return either
through a digital signature certificate (DSC) or by using an Aadhar-based
signature verification mechanism.

Part B: Certification
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12/7/2019 What is GSTR 9C?

| How to file GSTR 9C | GSTR9C Format - Zoho Books

GSTR 9C - Reconciliation statement and

Who is required to file GSTR-9C?

When to file GSTR-9C?

What is the GSTR 9C?

certified by a CA. It is basically a reconciliation statement between the annual

Latest Update as per the 37th GST Council Meeting

The Council has considered to simplify the filing of GSTR 9C.

The large taxpayers should finish filing the annual return in

Search for product overviews, FAQs, and more...

Who should ﬁle GSTR 9C?

To file a GSTR9C, a chartered accountant or cost accountant must first prepare

When to ﬁle GSTR 9C?

How to ﬁle GSTR 9C?

Part A, the reconciliation statement, contains sections for basic details,

Part 1: Basic Details

Part 2: Reconciliation of turnover declared in audited Annual

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A. The turnover, inclusive of exports, as declared in the audited financial reports

B. The unbilled revenue noted at the beginning of the financial year.

C. Any unadjusted advances at the end of the financial year.

D. The deemed supply as listed under Schedule I.

I. The unadjusted advances at the beginning of the financial year.

K. Any adjustments on account of supply of goods by SEZ units to DTA units.

L. The turnover for the period under the composition scheme.

M. Any adjustments in turnover under Section 15.

N. Any adjustments in turnover due to foreign exchange fluctuations.

Q. The turnover declared in the annual return, GSTR-9.

R. The un-reconciled turnover, which is calculated as the difference between

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A. The annual turnover after adjustments. This value is auto-populated.

G. Value of the unreconciled taxable turnover. (F - E)

Part 3: Reconciliation of tax paid

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reasons specified in Sections 6, 8, and 10.

Part 4: Reconciliation of ITC

F. The un-reconciled ITC.

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Part 5: Auditor’s recommendation on additional liability due

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Part 5 contains your auditor’s recommendations on your additional tax liability

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