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HomeGSTR9C (Yearly Audit Form)

GSTR9C (Yearly Audit Form)

Prepare GSTR-9C Effortlessly with FRIENDSTAX

Make The Tedious Task of GSTR-9C Filing Easy and Fast with FRIENDSTAX – The Reliable Tax Preparation Platform.

What is GSTR-9C?

GSTR-9C is a form in India that is used to reconcile the annual returns that are filed under Goods and Services Tax (GST). The filing of GSTR-9C must be accompanied by an audited copy of the financial statements, which have been prepared as per Indian Accounting Standards.

This form contains important details about the reconciliation between your purchase register, sales register, and ITC (input tax credit) ledger maintained for GST compliance purposes. In addition, it also includes other mandatory disclosures such as opening balance adjustments made due to any discrepancies between actuals v/s books of accounts, etc., along with a certificate from Chartered Accountant verifying these entries have been correctly reported.

This helps businesses maintain accurate records while ensuring complete transparency when dealing with government authorities regarding GST matters.

Eligibility Criteria to File GSTR-9C

  • All registered taxpayers whose annual turnover exceeded INR 2 crore during the financial year must file GSTR-9C
  • GST auditors must also file GSTR-9C
  • If a taxpayer is registered under the Composition Scheme, they are not required to file GSTR-9C
  • A person who has availed Input Tax Credit of more than INR 5 lakhs in a financial year, must file GSTR-9C
  • The GST authorities may ask any registered taxpayer to file GSTR-9C, even if they don’t meet the above criteria.

Why Choose FRIENDSTAX for GSTR-9C Return Filing?

  • FRIENDSTAX provides a one-stop solution for GSTR-9C filing, making it simpler and faster to complete the process.
  • All necessary data can be imported from other financial records quickly and easily, saving time and effort.
  • Its user-friendly interface makes the process intuitive and straightforward, allowing users to complete their GSTR-9C return without any prior experience.
  • FRIENDSTAX also provides advanced features that enable users to customise their returns as per their specific needs.
  • FRIENDSTAX offers real-time assistance from experts who are available round-the-clock to provide guidance and assistance throughout the entire filing process.
  • Furthermore, FRIENDSTAX also provides users with timely reminders so that they never miss any important deadlines.

Documents Required for GSTR-9C Return Filing

  • A valid PAN number of the business entity.
  • Business registration documents.
  • Financial statements of the business including balance sheet, profit & loss account, and computation of total income.
  • All invoices or debit notes issued during the financial year.
  • Taxable outward supplies and input tax credits are availed.
  • Details of any refund claims made in the financial year.
  • Details of any deemed supplies, inward supplies on which tax has not been paid, and any other details as required by GST.
  • Audit Report from a Chartered Accountant in Form GSTR-9C.
  • Any additional documents or information as required by the tax department.
  • Any other documents related to the financial year.
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