The GSTR-9 is known as the reconciliation statement that is done between GSTR9 for a financial year and the audited financial statement of the taxpayer.
What is GSTR-9C?
On September 13, 2018, it was introduced that GSTR 9C is an audit firm. It is necessary that a taxpayer should file GSTR 9C annually with a turnover above 2 crores. As well as it is necessary that it must be certified by the CA. The GSTR 9C is considered as the reconciliation statement that is done between the annual return field in the GSTR 9C and the taxpayer’s audited annual financial statements. In this form, it all contains about the taxpayer’s gross and the taxable turnover that is according to their accounting books, reconciled with the corresponding figures after consolidating all of their GST returns for the financial year.
Who should file GSTR 9C?
The taxpayer who is liable to get their annual reports audited is required to file GSTR9C. It is necessary that a taxpayer should get their annual report that was audited under the GST law. It happens when their annual aggregate turnover exceeds Rs. 2 crores within a financial year.
There are several taxpayers who are worried about that how do I file GSTR 9 and GSTR 9C?
File GSTR 9 & GSTR 9C with Smart Return Filing Software: BTHAWK
We all know that the taxpayers whose annual incomes exceed INR 2 crores and who are bound to get their annual accounts that are audited under the GST laws can able to file GSTR 9C. With the help of the professional tax filing software, BTHAWK one can able to file GST without facing any issue.
BTHAWK is basically considered as the first choice for the smart invoicing and return software filing software.
Taxpayer can use BTHAWK for filing of the GSTR 9C annual audit form.
Taxpayers can file the GSTR 9C annual audit form with the help of BTHAWK return filing and billing software in a hassle-free.
How do I prepare to file GSTR 9 and GSTR 9C?
If you are preparing for the GSTR 9 then here we are providing some of the points that are really important to know before file.
In the GST regime, the GSTR 9 is known as one of the four Annual Returns. It is necessary for the taxpayers who registered regularly.
GSTR 9 is an annual report which contains every detail about the purchases, sales, Input Tax Credit or refund claimed or demand created, etc. and once filed, it can’t be rectified at any cost.
If you are entering the GSTR 9 then it is necessary to get the details of the GSTR-1 and GSTR-3B because these are required.
The taxpayer has paid all the liable taxes adequately and owes no dues.
If you are preparing for the GSTR 9C then here we are providing some of the points that are really important to know before file.
Every person whose annual turnover at financial year is more than 2 crores, they need to get his or her accounts audited by the CA.
The audited annual accounts and a reconciliation statement, duly certified, should also be furnished in form GSTR-9C.
The taxpayers should file the GST returns for every month of the financial year in GSTR-1, GSTR-3B, and GSTR 9 to file GSTR-9C.