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Comparison-between-GSTR-9-and-GSTR-9C

 

Comparison between GSTR-9 and GSTR-9C

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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

Particulars

GSTR-9

GSTR-9C

Information

It is the annual return (consolidation of all monthly GST returns for any financial year)

It is the reconciliation statement under sub-section (2) of section 44

Nature

It is mandatory for every registered regular taxpayers and does not contain any certificate from CA/CMA

It is mandatory for every registered taxpayers to whom GST audit is applicable and  contain certificate from CA/CMA

Annexures

It does not contain any annexure when filing the annual return

It contains the annexure of Audited Financial statement from the CA

To whom it’s applicable

It is applicable to all Registered  taxpayers under GST (i.e. Regular Taxpayers who files GSTR-1, GSTR-2, and GSTR-3B)

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)

To whom it’s not applicable

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;

 

The registered taxpayers whose annual turnover is less than Rs  2 crore during the financial year

Certification

It is self-attested by the taxpayers, It does not contain any certification from CA/CMA

It is certified by the CA/CMA

Due date for filing

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)

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)

Format

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.

 

Part-A-Reconciliation Statement between turnover, tax paid and ITC.

Part -B -Certificate by CA/ CMA

 

Late fees & penalty etc.

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

No specific provision, Hence, subject to a general penalty of Rs 25,000

 



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