GST Taxpayers Alert: February 28 Is The Last Date To File Form GSRT 9

In a twitter post dated February 25, 2022, the CBIC or the office of Central Board of Indirect Taxes & Customs said on its official handle that Attention GST Taxpayers whose Aggregate Annual Turnover for the FY 20-21 is more than Rs. 5 crore! File your Annual Return in Form GSTR-9 along with self certified Reconciliation statement in GSTR-9C before February 28, 2022.

What is GSTR-9C?

GSTR-9C is a statement of reconciliation between the annual returns in GSTR-9 for a financial year and the figures as per the audited annual financial statements of the taxpayer. As per the ruling, any GST register taxpayer with turn exceeding Rs. 5 crore during a fiscal year shall need to get their accounts audited by a CA or cost accountant. Earlier the limit prescribed for the same was Rs. 2 crore but then has been revised to Rs. 5 crore after Fy 2018-19.

The GSTR-9C comprises gross as well as taxable turnover as per the books reconciled with the figures in accordance with the consolidation of all the GST returns for a fiscal year.

The difference this arrived if any will be reported together with the reason. The certified statement shall be issued for every GSTIN. So, for a PAN there can be several GSTR-9C forms to be filed.

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