Quick comparison of GSTR-9 & GSTR-9C
Ever since GSTR-9 & GSTR-9C forms have been released by CBIC, there has been persistent confusion surrounding who must file these forms and whether the details required for both are the same or not. But not any more!
This article provides you a quick comparison of GSTR-9 and GSTR-9C.
Quick comparison of GSTR-9 & GSTR-9C
Points of comparison | GSTR-9: Annual Return | GSTR-9C: Reconciliation Statement | ||||||||||||||||
| Nature | Informational/ a consolidation of all GST returns | Analytical statement on GST returns to be self-certified by CFO/Finance head | ||||||||||||||||
| Who must file | GST registered taxpayer | GST registered taxpayer to whose aggregate annual turnover is more than Rs 5 crore | ||||||||||||||||
| Not applicable to | - Composition Dealers - Casual Taxable Person (CTP) - Non-Resident Taxable Person (NRTP) - Input Service Distributor (ISD) - Unique Identification Number (UIN) holders - Online Information and Database Access Retrieval (OIDAR) Service providers - Persons subject to TCS or TDS provisions | Those persons mentioned under the column for GSTR-9 including a registered person whose aggregate turnover in an FY is less than Rs.5 crore | ||||||||||||||||
| Optional for | Businesses having less than Rs 2 crore turnover (w.e.f FY 2017-18) | Businesses having less than Rs 5 crore turnover | ||||||||||||||||
| Due date for filing^ | 31st December of next FY* | 31st December of next FY, either with or after filing GSTR-9* | ||||||||||||||||
| Late fees & penalty | From FY 2022-23 onwards-
Up to FY 2021-22- | No specific provision, Hence, subject to a general penalty of Rs 25,000 | ||||||||||||||||
| Filing of the return | On GST portal or through facilitation centre | On GST portal or through facilitation centre at the time of or after filing GSTR-9 | ||||||||||||||||
| Format of the return | Consolidated summary details of the - Turnover - ITC and tax paid - Late fees paid in GST returns filed during the FY - Amendments made between April to 30th November of next FY Also, below details must be declared wherever applicable: - Demands/ refunds - Supplies from composition dealers - Job works - Goods sent on an approval basis - HSN wise summary of sales and purchases - Late fees payable | Part-A -Reporting of reconciliation needed between turnover, tax paid and ITC. Report on Auditor’s recommendation of any additional tax liability. Part -B - Self-certification by CFO/Finance head. | ||||||||||||||||
| Who must certify/ attest | No certification required by CA/CMA; however it must be attested by the taxpayer using a digital signature | CFO/Finance head must certify using a digital signature | ||||||||||||||||
| Annexures | No annexures to be attached | Annexure of Audited financial statement is required |
^Budget 2023 amended that taxpayers can not file a GSTR-9 after three years from the expiry of the original due date. CBIC is yet to notify this change.
* Subject to CBIC notifications for any due date extension.
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