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GSTR-9 and GSTR-9C(i.e GST Annual Return) are Available for filing Now
- GSTR 9C is a statement that reconciles the information from the yearly returns filed under GSTR 9 for a given financial year with the data from the taxpayer's audited annual financial statements.
- A cost accountant or chartered accountant must prepare and certify GSTR 9C. It must be filed by the taxpayer in Form GSTR 9 along with other paperwork including a copy of the audited financial statements and an annual report via the GST portal or a facilitation centre.
- GST annual return forms i.e GSTR-9 and GSTR-9C are now accessible on the GST portal for filing the annual statement of GST. GSTR 9 is a Return Form and GSTR-9C is a Reconciliation Statement of relevant financial year.
- The Deadline for annual statement and return under GST annual return forms are 31st Dec 2022.
- Annual statement & GST annual return forms GSTR-9 form is an annual return that has to be filed by all registered taxable persons under GST. Annual Audited Return GSTR-9C is the GST reconciliation Statement for a specific FY on or before 31st Dec. 2022.
- GST reconciliation shall require to be certified by a Chartered Accountants for Firm having a received/sale of Exceeds than 5 crores.
- CBIC on the basis of GST Council recommendations has GST taxpayers exempted in case they having Receipt/Sales up to 2 Cr from the filing of annual statement forms GSTR-9 & GSTR 9A as annual returns.
- In the GST Council’s 47th meeting decided to exempt the small GST taxpayers from annual returns compliance.
- GSTR 9 is an annual return to be filed yearly by taxpayers registered under GST.
- It consists of details regarding inward supplies or the outward received/ made during the Respective FY under various tax heads i.e. IGST, CGST, SGST & HSN codes. It is a consolidation of all the quarterly/ monthly returns (GSTR-3B, GSTR-2A, GSTR-1,) filed in that year.
ICAI issue a book and guidance on Annual Return under GST
- Rajput Jain & Associates is a prominent business platform and a forward-thinking concept that offers clients in India and worldwide end-to-end incorporation, compliance, advisory, and management consultancy services.
GSTR-9 & GSTR-9C for FY 2025-26 Enabled on GST Portal: Detailed Analysis
- The Goods and Services Tax Network (GSTN) has announced that GSTR-9 & Reconciliation Statement GSTR-9C for Financial Year 2025-26 have been made available on the GST Portal from 8 October 2026. Taxpayers are now required to begin their annual Goods and Services Tax compliance process for Financial Year 2025-26.
- This is an important compliance milestone as GSTR-9 and GSTR-9C provide a consolidated summary of all GST transactions reported during the financial year and help tax authorities verify the accuracy of returns filed throughout the year.
- The enabling of GSTR-9 and GSTR-9C for Financial Year 2025-26 marks the beginning of the annual GST compliance season. Taxpayers should immediately verify that all GSTR-1 and GSTR-3B returns for Financial Year 2025-26 have been filed, reconcile GST data with books of account, and begin preparation of annual returns well in advance. Early and accurate compliance can significantly reduce the risk of GST notices, ITC disputes, and reconciliation issues in future assessments.
Complete Overview about the GST Annual Return
- We provide the GSTR Annual return supports in the Complete reconciliation of data for 100 percentage transparent disclosures to Authorities via Return,
- To learn more about the GST Return filing process, contact Rajput Jain & Associates. Find out when to file a GST return by contacting a GST return filing service provider for an online GST return. For a consultation, contact our compliance manager at 09555 555 480 or singh@carajput.com.
