GST ANNUAL RETURN

AND AUDIT

GSTR 9 and GSTR 9C

WHAT IS GSTR 9 ANNUAL RETURN?
 GSTR 9 is an annual return to be filed once in a year (on
or before 31st December of subsequent financial year)
by the registered tax payers under GST.
 It consists of details regarding the supplies made and
received during the year under different tax heads i.e.
CGST, SGST and IGST.
 It consolidates the information furnished in the
monthly or quarterly returns during the year.
WHAT ARE THE TYPES OF ANNUAL RETURNS?
 There are 4 types of annual returns :

 GSTR 9: GSTR 9 should be filed by the regular taxpayers filing GSTR

1, and GSTR 3B.

 GSTR 9A: GSTR 9A should be filed by the persons registered

under composition scheme under GST.

 GSTR 9B: GSTR 9B should be filed by the e-commerce

operators who have filed GSTR 8 during the financial year.

 GSTR 9C: GSTR 9C should be filed by the taxpayers whose annual

turnover exceeds Rs 2 crores during the financial year. All such
taxpayers are also required to get their accounts audited and file a
copy of audited annual accounts and reconciliation statement of tax
already paid and tax payable as per audited accounts along with
GSTR 9C.

NOTE: GSTR 9B is not yet notified by the department.

 Who should file GSTR 9 ?
Input Service
Distributors

Person paying
tax under Sec 51
All registered
EXCLUDES (TDS)
person to file
Annual return Person paying
tax u/s 51 and 52
u/s 44(1)
i.e TCS and TDS
Casual Taxable
Person

Non resident
taxable persons
Sl Parts of GSTR – 9 Information required
No
1 Part – I Basic details of the taxpayer. This detail will be auto-
populated.
2 Part – II Details of Outward and Inward supplies declared during
the financial year. This detail must be picked up by
consolidating summary from all GST returns filed during
the year.
3 Part – III Details of ITC declared in returns filed during the FY
(After reconciling with GSTR 2A). This will be summarized
values picked up from all the GST returns filed in
previous FY.
4 Part – IV Details of tax paid as declared in returns filed during the
FY.
5 Part – V Particulars of transactions amended/omission ***
6 Part – VI Other Information comprising details of:
- GST Demands and refunds
- HSN wise summary information of the quantity of
goods supplied and received with its corresponding Tax
details against each HSN code
- Late fees payable and paid details and
- Segregation of inward supplies received from different
categories of taxpayers like Composition dealers,
deemed supply and goods supplied on approval basis.
FORM GSTR 9C – RECONCILIATION
STATEMENT
GSTR 9C consists of a reconciliation statement and
certification/verification statement prepared after carrying
out the necessary examination of books of accounts, GST
returns and other records maintained by the taxpayer.

o to verify the correctness of turnover disclosed, ITC claimed,

taxes paid and refund claimed and

o to assess compliance as per the provisions of the GST act

and applicable rules there under.

PART A: PART B:
GSTR 9C has
Reconciliation Verification
two parts:
statement statement
PART A: Reconciliation statement

It has 5 five parts:

This covers financial year, GSTN,

PART I – Basic Details legal/legal name(auto), audit
details

This covers reconciliation of

PART II – turnover declared in audited FS
Reconciliation of gross with T/O declared in GSTR 9
turnover (GSTIN Wise)

This covers reconciliation of tax

Part III – Reconciliation liability as per declaration in
of tax paid reconciliation statement and the
actual tax paid as declared in
GSTR 9
 This covers reconciliation
of net ITC in annual
Part IV – Reconciliation of
return with ITC availed on
ITC
expenses as per audited
financial statement or
books of accounts

Part V – Auditor’s This covers auditor’s

recommendation on recommendation on the
additional liability due to additional liabilty due to
non-reconciliation non-reconciliation of
turnover or ITC
 NOTE ON GSTR – 9C
GSTR-9C can be filed only after filing the annual return in FORM GSTR 9C

System does not validate whether the turnover of taxpayer exceeds INR 2 Crore
or not

The Taxpayer or auditor can download the GSTR-9C offline tool from the GST
portal and fill and validate the details in the excel based offline tool

The Chartered Accountant/Cost Accountant shall use the offline tool to fill up the
required detail and the Certificate. He would generate the JSON file after
validation and upload the file. After generating JSON the Auditor shall affix his
digital signature

After signing, the signed JSON file shall be passed on to the Taxpayer for upload
of FORM GSTR-9C. No changes are permitted on the signed JSON file and system
shall validate that no changes have been made by the Taxpayer in JSON signed by
auditor

Where auditor has recommended an additional liability, the Taxpayer has an

option to navigate to GST DRC 03 for making payment and can navigate back to
FORM GSTR 9C

The Taxpayer has to upload the following PDF (not exceeding 5MB/File)
documents along with the FORM GSTR 9C- Balance Sheet, Income and
Expenditure Account/P&L Account and any other document, if any
 CONSEQUENCES

Delay in filing
annual return:
Non-filing of GSTR-
Rs. 200 per day (CGST
9/9C
and SGST Rs. 100
each) subject to a
General penalty upto
maximum of 0.5%
Rs. 50K (CGST +
(0.25% of CGST and
CGST Rs. 25K each)
SGST each) of the
turnover in the
state/UT