GSTR-9: Annual Return

Purpose: File annual return for GST-registered taxpayers.

Due Date: 31st December of next financial year.

Eligibility: Taxpayers with annual turnover > ₹2 crores.

Sections:

1. Basic Details
2. Outward Supplies
3. Inward Supplies
4. Tax Paid
5. Refund Claimed
6. HSN Summary
7. Documents

GSTR-9C: Reconciliation Statement and Audit Report

Purpose: File reconciliation statement and audit report.

Due Date: 31st December of next financial year.

Eligibility: Taxpayers with annual turnover > ₹5 crores.

Sections:

1. Reconciliation Statement
2. Audit Report
3. Taxpayer’s Declaration

Key Features:

GSTR-9:

1. Consolidated return for FY.
2. Includes details of outward and inward supplies.
3. Tax payment and refund details.

GSTR-9C:

1. Reconciliation of GST returns with audited financials.
2. Audit report by CA/CMA.
3. Certification by taxpayer.

Penalties for Non-Compliance:

1. Late fee: ₹100-₹500 per day.
2. Interest: 18% per annum.

Best Practices:

1. Maintain accurate records.
2. Conduct internal audits.
3. Consult GST experts.

References:

1. GST Act, 2017.
2. GST Rules, 2017.
3. CBIC notifications.

Additional Resources:

1. GST portal (gst.gov.in).
2. CBIC website (cbic.gov.in).
3. GST consulting firms.

FAQs:

1. What is GSTR-9 and GSTR-9C?
2. Who is eligible to file GSTR-9 and GSTR-9C?
3. What are penalties for non-compliance?

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