{"id":21029,"date":"2024-09-24T15:15:15","date_gmt":"2024-09-24T09:45:15","guid":{"rendered":"https:\/\/piceapp.com\/blogs\/?p=21029"},"modified":"2024-09-24T15:15:22","modified_gmt":"2024-09-24T09:45:22","slug":"gstr-9-reconciliation-statement","status":"publish","type":"post","link":"https:\/\/piceapp.com\/blogs\/gstr-9-reconciliation-statement\/","title":{"rendered":"GSTR 9\/9C: Reconciliation Statement and Certification"},"content":{"rendered":"\n
Errors when filling out the annual return statement, Form GSTR-9, are common as they involve a substantial quantity of data. Hence, to minimise the chances of errors, every GST-registered taxpayer with an annual aggregate turnover of over \u20b95 crore, needs to file the reconciliation statement. <\/p>\n\n\n\n
Read on to learn in detail about the GSTR-9 reconciliation statement<\/strong>, how to file it and the details that you need to enter when doing so.<\/p>\n\n\n\n GSTR-9C is a reconciliation statement between the annual returns of Form GSTR-9 for the current financial year <\/a>and the audited financial statements of the taxpayer. It usually consists of data related to adjustments in turnover, based on the taxable turnover and gross turnover that can be collected from the accounting books and reconciled with the GST returns.<\/p>\n\n\n\n If any differences arise after reconciliation between the GSTR-9 Form and the annual audit report prepared by a cost accountant with a background in finance, they are mentioned in this statement. Furthermore, the reasons for these discrepancies should also be outlined in the GSTR-9C return form and the adjustments in turnover should be made. <\/p>\n\n\n\n Even, the taxpayers themselves have to certify the reasons for disparities in the GSTR reconciliation statement.<\/p>\n\n\n\n GST-registered persons should note that every GSTIN must be associated with a GSTR-9C reconciliation statement. So, there can be multiple GSTR-9C forms against a single PAN. However, the only challenge in filing GSTR-9C is that it has to be prepared and self-certified <\/a>by taxpayers themselves based on audited books of accounts.<\/p>\n\n\n\n The taxable persons under GST need to visit the GST portal or a facilitation centre along with the required documents. These papers usually include Audited Accounts and Annual Return in Form GSTR-9. All the taxpayers registered under this scheme must file GSTR-9C within the due date.<\/p>\n\n\n\n Usually, all taxpayers registered under GST must file a GSTR-9C reconciliation statement. The following points listed below highlight the eligibility for filing GSTR-9C and various rules associated with filing them:<\/p>\n\n\n\nWhat Is Form GSTR-9C?<\/strong><\/h2>\n\n\n\n

Who Should File GSTR-9C?<\/strong><\/h2>\n\n\n\n