GSTR-9C – Reconciliation Statement
Mandatory for taxpayers with aggregate turnover above INR 5 crore
INR 5,000/- onwards
- Reconciliation of turnover as per audited financial statements vs GSTR-9
- Reconciliation of ITC as per books vs as claimed in returns
- Identification and explanation of differences
- Tax payable on unreconciled differences
- Self-certification by the registered taxpayer (w.e.f. FY 2020-21)
- Coordination with statutory auditor for audit report figures
- Filing simultaneously with GSTR-9 before 31st December
- Advisory on reconciling items and risk areas