The Central Board of Indirect Taxes and Customs (“CBIC”) has released FAQs and User Manual regarding Form GSTR-9C offline utility.
Following are some points which are covered under the FAQs:
1. What is Form GSTR-9C?
Form GSTR-9C is a reconciliation statement, duly verified and signed by Chartered Accountant/ Cost Accountant, and required to be furnished along with filing of annual return in Form GSTR-9 by the taxpayer whose turnover is above Rs.2 Crores during a financial year.
2. Who needs to file Form GSTR-9C?
Every taxpayer is supposed to file GSTR-9C and required to get his accounts audited by Chartered/Cost Accountant when turnover during a financial year exceeds the prescribed limit, along with filing of his/her annual return in Form GSTR-9. This requirement is not applicable to Central Government or a State Government or a local authority, whose books of account are subject to audit by the Comptroller and Auditor-General of India or an auditor appointed for auditing the accounts of local authorities under any law for the time being in force.
3. Who needs to get his accounts audited by Chartered/Cost Accountant?
Normal taxpayer (including SEZ unit and developer) with aggregate turnover exceeding 2 crore rupees during the financial year is required to get its accounts audited.
4. What details are to be filed in Form GSTR-9C?
Form GSTR-9C is a reconciliation statement reconciling the turnover declared in audited Annual Financial Statement with Turnover declared in the furnished Annual Return (GSTR9).
Complete FAQs and User Manual can be accessed at: http://www.a2ztaxcorp.com/wp-content/uploads/2019/04/GSTR-9C-User-Mannual-and-FAQs.pdf