Difference between GSTR-9 and GSTR-9C
Introduction-
“Form GSTR- 9”
This is the annual return which is to be filed by the normal registered taxpayer once a year with all the consolidated details of SGST, CGST and IGST paid during the under GST.
CBIC has notified the new format for GST Annual Return in Form ‘‘GSTR-9” (for Regular tax payers). GSTR-9 has to be filed on or before 31st December from the end of relevant financial year. GSTR 9 comprises details of returns (filed earlier) i.e. from April to March in any financial year.
The following persons are not required to file “FORM GSTR 9”.
“Form GSTR- 9C”
As per section 35(5) of CGST Act, every registered person whose turnover during the financial year exceeds the prescribed limit of Rs. 2 crore shall get his accounts audited by a chartered accountant or a cost accountant and shall submit a copy of the audited annual accounts, the reconciliation statement under sub-section (2) of section 44 which is called GSTR-9C and such other documents in such form and manner as may be prescribed.
Hence, requirement of GST Audit u/s 35(5) would arise only if prescribed limit of turnover exceeds Rs. 2 crore and certified reconciliation statement -GSTR-9C shall require to be submitted.
Difference between GSTR- 9 and GSTR- 9C
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Particulars
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GSTR-9
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GSTR-9C
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Information
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It is the annual return (consolidation of all monthly GST returns for any financial year)
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It is the reconciliation statement under sub-section (2) of section 44
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Nature
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It is mandatory for every registered regular taxpayers and does not contain any certificate from CA/CMA
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It is mandatory for every registered taxpayers to whom GST audit is applicable and contain certificate from CA/CMA
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Annexures
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It does not contain any annexure when filing the annual return
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It contains the annexure of Audited Financial statement from the CA
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To whom it’s applicable
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It is applicable to all Registered taxpayers under GST (i.e. Regular Taxpayers who files GSTR-1, GSTR-2, and GSTR-3B)
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It is applicable to all Registered taxpayers under GST to whom GST audit is applicable (i.e. whose aggregate annual turnover exceeds Rs 2 crore during the financial year)
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To whom it’s not applicable
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1. Casual Taxable Person;
2. Non-resident taxable person;
3. Input service distributor;
4. A person paying tax under section 51 or section 52 (TDS/ TCS);
5. Composition Dealers;
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The registered taxpayers whose annual turnover is less than Rs 2 crore during the financial year
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Certification
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It is self-attested by the taxpayers, It does not contain any certification from CA/CMA
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It is certified by the CA/CMA
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Due date for filing
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31st December of ending financial year i.e. for the financial year 2017-18 it is 31.12.2018 (Now it has been extended to 31.03.2019)
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After filing of GSTR 9 or say 31st December of ending financial year i.e. for the financial year 2017-18 it is 31.12.2018 (So, it can be filed up to 31.03.2019)
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Format
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Consolidated summary details of the turnover, ITC and tax paid, late fees as per the monthly GST returns for any financial year.
Further, declaration of demands/ refunds, supplies from composition dealers, Job works, and goods sent on an approval basis, HSN wise summary of outward and inward supplies, late fees payable is required.
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Part-A-Reconciliation Statement between turnover, tax paid and ITC.
Part -B -Certificate by CA/ CMA
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Late fees & penalty etc.
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Late fees will be charged @ Rs 200 per day subject to a maximum cap of an amount at 0.25% of total turnover in respective State/UT
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No specific provision, Hence, subject to a general penalty of Rs 25,000
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