GSTR-9C is a reconciliation statement filed annually by taxpayers under the GST regime:

GSTR-9C: Reconciliation Statement

Purpose:

GSTR-9C reconciles the financial statements (audited annual accounts) with the GST returns (GSTR-9) filed by taxpayers.

Eligibility:

Taxpayers with annual turnover above ₹2 crores are required to file GSTR-9C.

Components:

1. Part A: Basic details
2. Part B: Reconciliation statement
3. Part C: Taxable turnover
4. Part D: Tax paid

Reconciliation Statement:

Reconciles:

1. Sales as per financial statements
2. Sales as per GSTR-9
3. Tax paid as per financial statements
4. Tax paid as per GSTR-9

Due Date:

31st December of every year

Consequences of Non-Compliance:

1. Penalty: Up to ₹25,000
2. Interest: 18% per annum

Best Practices:

1. Maintain accurate records
2. Reconcile data regularly
3. Consult professionals for complex cases

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. GSTR-9C user manual

GSTR-9C FAQs:

1. What is GSTR-9C?
2. Who needs to file GSTR-9C?
3. What is the due date for GSTR-9C filing?