What is the Difference Between GSTR-9, GSTR-9A, and GSTR-9C?

Introduction

Understanding GST compliance is vital for businesses to avoid penalties and maintain seamless operations. GSTR-9, GSTR-9A and GSTR-9C are key forms for annual GST return filing in India, each catering to specific categories of taxpayers. This article provides a detailed comparison, filing process, and compliance strategies to ensure clarity.

What is GSTR-9?

GSTR-9 is the annual return filed by regular taxpayers registered under GST. It consolidates information from monthly or quarterly returns (GSTR-1, GSTR-3B) filed during the financial year.

Key Features:

• Includes details of outward and inward supplies, input tax credit (ITC), tax payments, and other transactions.

• Applicable to all regular taxpayers except those under the composition scheme, casual taxable persons, non-resident taxable persons, and TDS/TCS deductors.

• Filing Deadline: December 31 of the subsequent financial year.

What is GSTR-9A?

GSTR-9A is the annual return for taxpayers registered under the GST Composition Scheme. It offers a simplified format for reporting turnover and taxes.

Key Features:

• Includes consolidated details of outward and inward supplies.

• Applicable only to composition scheme taxpayers who pay a fixed turnover percentage as tax.

• Filing Deadline: December 31 of the subsequent financial year.

• Waived for FY 2020-21 and onwards.

What is GSTR-9C?

GSTR-9C is a reconciliation statement that compares the information in GSTR-9 with the audited financial statements.

Key Features:

• Mandatory for taxpayers with an aggregate turnover exceeding ?5 crore.

• Certified by a Chartered Accountant or Cost Accountant.

• Part A (reconciliation) and Part B (self-certification by a professional).

• Filing Deadline: December 31 of the subsequent financial year, along with GSTR-9.

Key Differences Between GSTR-9, GSTR-9A, and GSTR-9C

Filing Process for Each Form

Steps to File GSTR-9:

1. Log in to the GST portal.

2. Navigate to the “Annual Return” section.

3. Select GSTR-9 for the relevant financial year.

4. Fill in details of supplies, ITC, and taxes.

5. Preview and submit the form.

6. File using a digital signature or e-verification.

Steps to File GSTR-9A:

1. Log in to the GST portal.

2. Go to the “Annual Return” section and select GSTR-9A.

3. Enter details of turnover, taxes paid, and inward supplies.

4. Preview and submit the form.

5. File with digital signature or e-verification.

Steps to File GSTR-9C:

1. Prepare the reconciliation statement using accounting records.

2. Get the statement certified by a CA or CMA.

3. Log in to the GST portal and upload the certified GSTR-9C.

4. File the form with a digital signature or e-verification.

Importance of Filing Accurate GST Annual Returns

• Ensures compliance with GST laws.

• Avoids penalties and late fees.

• Helps reconcile tax data for financial accuracy.

• Enhances transparency with tax authorities.

FAQs

1. What is the purpose of GSTR-9C? 

GSTR-9C is a reconciliation between annual returns and audited financial statements, ensuring accuracy in tax filings.
 

2. How is GSTR-9C different from GSTR-9 and GSTR-9A? 

GSTR-9C requires certification by a CA/CMA and is mandatory for taxpayers with turnover exceeding ?5 crore. GSTR-9 and GSTR-9A do not require such certification.
 

3. Who is required to file GSTR-9C? 

Taxpayers with an aggregate turnover exceeding ?5 crore in a financial year.
 

4. Can a taxpayer file both GSTR-9 and GSTR-9C? 

Yes, taxpayers eligible for GSTR-9C must first file GSTR-9.
 

5. What are the due dates for filing GSTR-9, GSTR-9A, and GSTR-9C? 

All three forms are due by December 31 of the subsequent financial year.
 

6. Are there penalties for late filing? 

Yes, late filing attracts penalties ranging from ?100 to ?200 per day, depending on the turnover and type of form.
 

Conclusion

Understanding GSTR-9, GSTR-9A, and GSTR-9C is critical for maintaining GST compliance and ensuring accurate reporting. By leveraging the right tools, adopting best practices, and seeking professional advice, businesses can streamline their filing processes and avoid potential penalties.

ADCA (Anil D'Souza and Associates), a leading chartered accountancy firm in Bangalore, provides expert guidance on GST compliance, audits, and returns. Let our experienced team simplify your GST filing journey and ensure compliance with the latest regulations.

Contact ADCA today and experience hassle-free GST solutions tailored for your business!