GSTR-9 and GSTR-9C are two very important interlinked cogs of India’s new Indirect Tax GST. While GSTR-9 is an annual return, the GSTR-9C is a reconciliation statement signed by a designated authority (auditor or a Chartered Accountant or a CMA). One important and common feature of both the forms is that they can be filed only once. Hence It becomes increasingly important to be careful.
GSTR 9C is defined as an annual GST audit form for the taxpayers who have the turnover above 2 crores in a specific financial year. The taxpayer must fill the reconciliation statement with the certification of an audit, along with the GSTR 9C audit form. The GSTR 9C format was introduced by the authorities on September 13, 2018, which states the Notification No. 49/ 2018- Central tax.