Comparative analysis of GSTR 9 and GSTR 9C
Since CBIC released the GSTR-9 and GSTR-9C forms, there has been persistent confusion regarding who must file them and whether or not the information required for each is the same. But not any more! The GSTR-9 structure is a yearly return that must be recorded by completely enrolled available people under GST. The GST reconciliation statement for a particular FY on or before December 31 is the GSTR-9C. For businesses with a turnover of more than 5 crores, the reconciliation must also be certified by a CA. What is the annual return for the GSTR-9? Taxpayers who are registered under the GST are required to submit an annual return known as GSTR 9. Important details: It contains information about outbound and inbound supplies made or received during the relevant fiscal year under various tax heads like CGST, SGST, and IGST, as well as HSN codes. It combines all of the monthly and quarterly returns (GSTR-1, GSTR-2A, and GSTR-3B) that were submitted during that year. Despite its complexity,