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End-to-End Filing, Reconciliation, and Audit Support for GST Compliance We handle data reconciliation, error resolution, and certified auditor coordination—all under one roof.
GST Annual Returns – GSTR‑9 & GSTR‑9C
Book Your Free Consultation with Vega Consultants – Let's Build Success Together
Schedule a No-Cost Strategy Session for Tailored Solutions and Expert Guidance
End‑to‑End Filing, Reconciliation & Certification Services
Stay 100 % compliant, avoid late fees, and sail through audits.
🧾 Overview of GST Annual Returns
GST requires every registered taxpayer (except those under composition or TDS/TCS sections) to file an annual return summarising sales, purchases, tax paid, and ITC claimed during the financial year. The return set is:
| Form | Purpose | Who Files? |
|---|---|---|
| GSTR‑9 | Consolidated summary of outward supplies, ITC, tax‑paid & adjustments | Taxpayers with turnover > ₹2 crore |
| GSTR‑9C | Reconciliation between audited financials & GSTR‑9 + Auditor’s Certificate | Taxpayers with turnover > ₹5 crore |
🎯 Applicability & Thresholds (FY 2024‑25)
| Turnover (FY) | GSTR‑9 | GSTR‑9C | Notes |
|---|---|---|---|
| ≤ ₹2 crore | Exempt (voluntary) | Not Needed | Notification 14/2024‑CT (10‑Jul‑2024) |
| > ₹2 crore – ≤ ₹5 crore | Mandatory | Not Needed | File GSTR‑9 only |
| > ₹5 crore | Mandatory | Mandatory | 6‑digit HSN summary required |
📅 Due‑Dates, Late Fees & Penalties
| Activity | Statutory Due‑Date | Late Fee* |
|---|---|---|
| GSTR‑9 filing | 31 December 2025 | ₹200 / day (₹100 CGST + ₹100 SGST) capped at 0.25 % of turnover |
| GSTR‑9C filing & upload | 31 December 2025 | Same as GSTR‑9 plus penal provisions under Sec 125 CGST Act |
*Interest @ 18 % p.a. applies on additional tax liabilities declared. Circular 246/03/2025‑GST clarifies late‑fee computation
📑 Form GSTR‑9C – What It Contains
Part‑A: Reconciliation Statement
Turnover: Books vs GSTR‑9
Tax Paid: Liability gap analysis
ITC: Books vs 2B vs 9
Additional Payable: Auto‑populates liability table
Part‑B: Certification
Option A – CA/CMA issues an opinion & audit observations
Option B – Self‑certification (only if turnover ≤ ₹5 cr and no statutory audit required) – Not applicable from FY 2024‑25.
Auditor must attach Management Representation Letter, Trial Balance, and reconciliation work‑papers.
📋 Form GSTR‑9 – Section‑wise Breakdown
| Part | Key Tables | What You Report |
|---|---|---|
| I | 4 | Basic details (GSTIN, FY, legal name) |
| II | 5‑6 | Outward & inward supplies, credit‑notes, advances |
| III | 7‑8 | ITC availed & reversed, ITC mismatches (Form 2B vs books) |
| IV | 9 | Tax‑paid vs payable for CGST, SGST, IGST & Cess |
| V | 10‑14 | Differential liabilities of previous FY, pending credits |
| VI | 15‑18 | Demands, refunds, HSN‑wise summary, late‑fee data |
| VII | 19‑20 | ITC summary (inputs, capital goods, services) |
Mandatory vs Optional fields change with turnover. For FY 2024‑25,
tables 17 & 18 (HSN summary) are optional for turnover ≤ ₹5 cr but mandatory (6‑digit) above it
🚀 Ready to Close Your FY 2024‑25 GST Books?
Book your free 30‑minute GST Health Check and receive:
Turnover vs Liability Snapshot
ITC at Risk Report
Personalized Filing Calendar
📈 Engagement Timeline & SLAs
| Phase | Activity | T‑Day |
|---|---|---|
| Kick‑off | Data request & portal setup | T |
| Reconciliation Draft | Variance report shared | T + 7 days |
| Final Sign‑off | CEO/CFO approval | T + 15 days |
| Filing | Submission & ARN share | T + 18 days |
| Post‑Filing Support | Notice response within 48 h | Ongoing |
We guarantee < 24 h response on all compliance queries.
🔄 Common Reconciliation Challenges
| Issue | Impact | Mitigation |
|---|---|---|
| Mismatch in B2C sales | Excess liability in 3B vs books | Monthly 2B‑3B lock, real‑time POS validation |
| Unclaimed ITC due to missed invoices | Cash‑flow loss | AI‑driven invoice ingestion & auto‑match |
| Wrong HSN digit length | Notice & penalty | Rule‑wise validation in ERP |
| Credit‑notes of previous FY booked late | Differential tax in Table 10‑11 | Track aging reports; adjust in Mar‑25 3B |
🏭 Industry‑Specific Notes
| Sector | Key Pain‑Points | Best Practice |
|---|---|---|
| Manufacturing | Multiple plants, job‑work ITC credits | Centralized vendor master & plant‑wise 2B auto‑split |
| E‑Commerce | TCS overlap, interstate returns | Channel‑wise turnover recon & API pull from marketplaces |
| Real Estate | RCM on labour, JDA agreements | Tag RCM liability in custom ledger & auto‑push to 9 Table 4G |
| IT/ITES | Export of services, SEZ supplies | LUT tracking & FIRC auto‑upload to 9 Table 5 |
FAQs — Your Top Questions Answered
Who is required to file GSTR-9 and GSTR-9C?
GSTR-9 is mandatory for all regular GST-registered taxpayers with turnover above ₹2 crore. GSTR-9C (reconciliation + audit certificate) is mandatory if your aggregate turnover exceeds ₹5 crore in a financial year.
2. What is the due date for GSTR-9 and GSTR-9C for FY 2024–25?
The due date is 31st December 2025 for both GSTR-9 and GSTR-9C. Delays attract late fees and interest on unpaid differences.
3. What happens if I fail to file GSTR-9 or GSTR-9C on time?
You will face a late fee of ₹200/day (₹100 CGST + ₹100 SGST), capped at 0.25% of annual turnover. GSTR-9C failure may also attract scrutiny, audit notices, and penalties under Section 125 of the CGST Act.
4. Is GSTR-9 optional for businesses with turnover below ₹2 crore?
Yes, filing GSTR-9 is optional for businesses with turnover below ₹2 crore. However, filing it voluntarily is recommended for transparency and better audit preparation.
5. Can I revise GSTR-9 or GSTR-9C once filed?
No. Once filed, neither GSTR-9 nor GSTR-9C can be revised. Any additional liabilities or corrections must be paid through DRC-03 separately.
FAQs — Your Top Questions Answered
6. What is GSTR-9C and who should certify it?
GSTR-9C is a reconciliation statement between your books of accounts and GSTR-9. It must be certified by a Chartered Accountant or Cost Accountant if your turnover exceeds ₹5 crore.
7. What documents are required to file GSTR-9C?
You’ll need your audited financial statements, trial balance, GST return summaries (3B, 1, 2B), ledger-wise ITC breakup, and a management representation letter.
8. What are the most common errors in GSTR-9 filing?
Mismatch in ITC between books and 2B
Under-reporting of B2C sales
Incorrect HSN summary
Not disclosing pending liabilities or credit notes
We identify and fix all of these before filing.
9. Can I claim additional ITC or correct sales in GSTR-9?
No. GSTR-9 is a summary return only, and you cannot use it to claim missed ITC or correct previous returns. You can only report such issues and pay pending tax using DRC-03.
10. How can your team help with GSTR-9 and GSTR-9C?
We provide:
Full data reconciliation (books vs 3B vs 2B)
GSTR-9 draft review + filing
GSTR-9C audit coordination & certification
DRC-03 computation and payment support
Post-filing notice handling & documentation backup
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