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What is GSTR-9C ? It is 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 (i.e., in a clear and detailed manner).   Who needs to file GSTR-9C ? If the annual turnover of a registered taxpayer is more than Rs.2 crores in a financial year, he is required to get his accounts audited by a Chartered Accountant or Cost Accountant every year. Note-  For businesses with an annual  turnover of less than Rs.5  crores, filing of GSTR-9C for  FY 2018-19  is waived off.   What includes in aggregate turnover? The te...

GSTR 9 - Annual Return Filing The GSTR-9 is a document or statement that has to be filed once a year by a registered taxpayer. Key details of inward supplies (i.e., purchases), outward supplies (i.e., sales), input tax credit (ITC), or refund claimed etc. along with turnover and audit details for the same are mentioned in this Annual GST Return Form. It is a consolidation of all the monthly/quarterly returns (GSTR-1, GSTR-2A, GSTR-3B) filed in that year. Though complex, this return helps in extensive reconciliation of data for 100% transparent disclosures. Who are required to file GSTR 9 ? All taxpayers/taxable persons registered under GST must file their GSTR 9. However, the following are NOT required to file GSTR 9: ·                   Taxpayers opting composition scheme (They must file GSTR-9A) ·                   Casual Taxable Person ...