Comparision 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 over Rupees 2 crore annual aggregate turnover should file.
Many Tax Payers are often confused about who should file the returns. This article quickly explains the difference between GSTR 9 and GSTR 9C.
| Comparision between GSTR 9 and GSTR 9C | |||
|---|---|---|---|
| GSTR 9 Annual Return | GSTR 9C Reconciliation Statement | ||
| Due Date | 30th November 2019 | 30th November 2019 | |
| Not applicable to |
|
Any tax payer with less than 2 Crore annual aggregate turnover | |
| Late fees & penalty | Late fees of Rs 200 per day of delay subject to a maximum cap of an amount at 0.25% of total turnover in respective State/UT | No specific provision, Hence, subject to a general penalty of Rs 25,000 | |
| Format |
|
|
|
| Certification | Tax payer much attest using digital signature | Both Auditor and Tax Payer must sign using their respective digital signatures | |
| Annexures | None | Audited Balance Sheet and Profit and Loss statement to be uploaded | |
| GST ACT | Prescribed in Rule 80 of under Section 44 of the CGST Act | Prescribed in Section 35(5) of Section 44 of the CGST Act | |