GSTR-9 and GSTR-9C are annual compliance forms under the Goods and Services Tax (GST) regime in India. GSTR-9 is the annual return that summarises all outward and inward supplies, input tax credit claims, and tax payments made by a taxpayer during a financial year. Whereas GSTR-9C is the reconciliation statement, required for taxpayers whose turnover exceeds a specified threshold, which reconciles the figures declared in GSTR-9 with the audited financial statements of the company.
Taxpayers can now file their Annual Return for and Reconciliation Statement for the Financial Year 2024-25 as the Goods and Services Tax (GST) portal has officially activated the GSTR-9 and GSTR-9C filing options.
GSTR-9 and GSTR-9C Due Date and Applicability
Due Date: The due date of GSTR-9 and GSTR-9C must be filed by December 31, 2025. Tax experts recommend filing early to avoid last-minute delays and late fees.
| Annual Turnover | GSTR 9 | GSTR 9C |
|---|---|---|
| Up to 2 Cr | Exempt (From FY 2024-25 onwards) | N/A |
| More than 2Cr. – 5 Cr | Filling is mandatory | Optional (Benefit Given) |
| More than 5Cr | Filling is mandatory | Filling is Mandatory |
Read Also: GST Return Due Dates for GSTR-1, GSTR-3B to GSTR 9C
Late Filing Penalties of GSTR-9 and GSTR-9C
To encourage timely compliance, the GST regime has specified late fees based on turnover:
Turnover Class Late Fee per Day
- Up to Rs. 5 Crores- Rs. 50 Late Fee
- Rs. 5 – 20 Crores- Rs. 100 Late Fee
- Above Rs. 20 Crores- Rs. 200 Late Fee
Filing Options on the GST Portal
Taxpayers can now prepare GSTR-9 and GSTR-9C for FY 2024-25 on the GST portal, either online or offline.
Source: a2ztaxcorp
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