2024 Difference in gstr 9 and 9c

Difference in gstr 9 and 9c

Author: yzmk

August undefined, 2024

WebJun 13, 2024 · What is the difference between GSTR 9 & GSTR-9C ? GSTR-9 GSTR-9C; GSTR 9 is a form for GST Annual Return. GSTR-9C is a form for GST Audit. GSTR-9 was mandatory for all registered taxpayers. … Web13 rows · Nov 28, 2024 · It is a consolidation of all the monthly/quarterly returns (GSTR-1, GSTR-2A/2B, GSTR-3B) filed ...

Everything you need to know about GSTR-9C: Meaning, Due

WebDec 6, 2024 · The due date to file GSTR-9 & self-certified GSTR-9C for the FY 2024-21 has been extended up to 28th February 2024. The CBIC has exempted GST-registered taxpayers with annual aggregate turnover up to Rs.2 crore in FY 20-21 from filing Form GSTR-9. The CBIC has notified changes to Sections 35 (5) and 44 of the CGST Act. recursion\u0027s om

What is the difference between GST 9,9A,9B, and 9C? - GST

WebNov 9, 2024 · Reconciliation statement in GSTR-9C requires auditor to comment on the differences between books of account and GSTR-9. This indicates that the annual return has to be filed before GSTR-9C so that auditor can prepare and submit the GSTR-9C . Web38. What is the difference between GSTR-9, GSTR-9A and GSTR-9C? GSTR-9 is an annual return under GST to be filed once every year only by the registered taxpayers under GST under the Regular Scheme (Monthly/Quarterly). GSTR-9A is the annual return form to be filed by the Composition Dealers. WebComparision between GSTR 9 and GSTR 9C. GSTR 9 is an Annual Return all Tax Payers must file and GSTR 9C is a an Annual Reconciliation Statement that Tax payers with … recursion\u0027s wh

FAQ’s on Form GSTR-9 Annual Return DISCLAIMER - The …

GSTR 9 Clauses - Correction, Rectification & Omission Process

WebSep 30, 2024 · GSTR 9C is an annual reconciliation statement. This reconciliation statement may be in similar terms understood as conduction GST Audit. For Financial Yea ... Any difference arising on comparison with GSTR 9 may be identified here. In Table 8, reasons for difference in taxable turnover identified in Table 7 above may be mentioned … WebWhat is the GSTR 9C? The GSTR9C is an audit form that was introduced on September 13, 2024. It must be filed annually by taxpayers with a turnover above 2 crores, and it must be certified by a CA. It is basically a reconciliation statement between the annual returns filed in GSTR-9 and the taxpayer’s audited annual financial statements. updated nba news and rumors for trail blazersWebJan 24, 2024 · GSTR-9 and GSTR-9C are two very important interlinked cogs of India’s new Indirect Tax GST. ... recursion\u0027s t1

"WebGSTR 9 c. Reflect tax paid in Table 9 of GSTR 9 as NIL d. Reflect the tax payable in Table 14 of GSTR-9 as NIL e. Reflect the tax paid in Table 14 of GSTR 9 f. There shall be no reconciliation difference in 9C II. a. Do not reflect invoice in GSTR-9 but reflect in un reconciled turnover in Table 6/8 of GSTR 9C and also un " - Difference in gstr 9 and 9c

Difference in gstr 9 and 9c

Easy Guide to GSTR 9C (GST Audit Form) Online Return Filing …

WebFeb 9, 2024 · For example, the due date of GSTR-9 for FY 2024-21 will be 31 st December 2024. Although, year after year there have been due date extensions, may not be expected from FY 2024-22 onwards.GSTR 9C i.e., reconciliation statement is considered as a part of the 'annual return'. Note: Due date for FY 20-21 is 28 th February 2024 presently. WebMar 30, 2024 · GSTR 9C. It is an Annual Return form. It is a Reconciliation statement. It is filed by all registered taxpayers. It is filed only if aggregate turnover exceeds Rs 2 crore. Financial statements are not required. Financial statements are required. GSTR 9 is to be filed before filing GSTR 9C. GSTR 9C follows GSTR 9.

Did you know?

WebSep 8, 2024 · 1. The GSTR 9 return needs to be filed by Regular Taxpayers filing GSTR 1and GSTR 3B. It needs to be filed electronically on the GST portal directly or through a facilitation centre. it's optional for f.y 2024-18 and 2024-19 for taxpayer having turnover less than 2 Crores. 2. GSTR 9A Companies/persons paying tax under Section 10 of CGST … WebJan 12, 2024 · What is the difference between GSTR-9 and GSTR-9C? Ans. As per section 35(5) of CGST Act, every registered person whose turnover during the financial year exceeds prescribed limit (Rs. 2 cr.) shall get his accounts audited by a chartered accountant or a cost accountant and shall submit a copy of the

WebNov 30, 2024 · While GSTR 9 is an annual return form filing, GSTR 9C is essentially a reconciliation statement to be prepared by taxpayers whose aggregate turnover exceeds … Web10 rows · Nov 22, 2024 · Ever since GSTR-9 & GSTR-9C forms have been released by CBIC, there has been persistent ...

WebWe can say that, GSTR 9 and 9C are interrelated. As per the GST Rules, every registered taxpayer is mandated to file GSTR 9 annual return but now the taxpayers whose turnover exceeds Rs. 2 Crore in the given Financial Year are required to file Form GSTR 9C (GST Audit).. Along with the GSTR 9C Audit form, the taxpayer also has to fill up the … WebApr 3, 2024 · To start filing the GSTR 9C reconciliation audit report, perform the given steps: First of all, login with username id & password on www.gst.gov.in. After that, the dashboard will open, click on the ‘Annual Return’ tab. Now click on the financial year for the desired period to file the return, click on the FY 2024-18.

WebGSTR 9 is an annual return to be filed yearly by taxpayers registered under GST. It consists of details regarding the outward and inward supplies made/received during the relevant …

WebNov 23, 2024 · The due date for submitting the GSTR 9C has the same deadline as of submitting GSTR 9. Hence, you have to file GSTR 9C on or before 31st Dec of the year subsequent to the relevant FY under audit. … recursion\u0027s tyWebDec 6, 2024 · Issues faced while filing GSTR 9C. 1. Turnover for filing Form GSTR- 9C: Form GSTR-9C is to be filed by all those taxpayers whose aggregate turnover has exceeded Rs 2 crore in a financial year. Turnover of the complete year i.e. from 1st April 2024 to 31st March 2024 has to be taken into account for calculating the turnover. recursion\u0027s kzWebSep 13, 2024 · Download PDF. 13 Sep 2024. 82,998 Views. 2 comments. CBIC notifies FORM GSTR – 9C – Reconciliation Statement & Certification in cases where the reconciliation statement (FORM GSTR-9C) is drawn up by the person who had conducted the audit vide Notification No. 49/2024 – Central Tax Dated: 13th September, 2024. … recursion\u0027s rwWebGSTR 9 and GSTR 9C is a return to be filed basis your aggregate turnover in the previous year. Here in the video we have clarified what is aggregate turnover... recursion\u0027s ooWebMay 29, 2024 · Date: 01 May, 2024 ITR last Date Filing of belated return and revised return for FY 2024-21 (AY 2024-222), has been extended from 30th Sep, 2024 to 31st Dec, 2024. Date: 24-10-2024 - The due date for filing Annual return in Form GSTR-9 and reconciliation statement in GSTR-9C for the F.Y. 2024-19 has been extended to 31st Decemeber 2024. recursion\u0027s ovWebThe GSTR-9C is divided into two parts. Part A constitutes a form for the collection of tax information, while Part B is a certification form that must be finished by a CA. These two … updated nfl injury reportsWebWatch the video to get a complete overview of GSTR-9C What is GSTR-9C? Every registered person under GST whose turnover during a financial year exceeds the … updated ncaa net rankings