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.
The Govt, on 4th September 2018, announced GSTR 9 form which is an annual return for goods and services tax that will have to file by every taxpayer for the full year. The form of annual return is separate for the normal taxpayer (GSTR-9) and composition taxpayer (GSTR-9A). The new yearly return seems to be less difficult and simpler for taxpayers, however, a closer perusal of the format appears there might be some areas of conflict.