India’s Goods and Services Tax (GST) regime requires businesses to file GSTR 9, the annual return, and GSTR 9C, the reconciliation statement. These forms are crucial for maintaining annual GST compliance.
GSTR 9 Services
Filing GSTR 9 involves a meticulous data collection, reconciliation, and submission process. Here’s a brief overview of the steps:
- Data Collection: Accumulate all the monthly/quarterly returns filed during the financial year.
- Reconciliation: Reconcile the data collected with the audited financial statements.
- Submission: File the consolidated details of SGST, CGST, and IGST paid during the year in the GSTR 9 form on the GST portal.
Using professional services for GSTR 9 filing offers several benefits:
- Accuracy: Minimize errors with expert handling of data.
- Time-saving: Free up your resources for other business activities.
- Regulatory Expertise: Stay updated with the latest changes in GST laws.
GSTR 9C Services
GSTR 9C is a reconciliation statement filed by taxpayers along with GSTR 9. It reconciles the figures in the audited financial statements and the annual return. The steps involved in GSTR 9C preparation and filing include:
- Preparation: Prepare a statement of gross and taxable turnover based on the books of accounts.
- Reconciliation: Reconcile the tax paid and the tax payable as per the audited accounts.
- Certification: Get it certified by a chartered accountant.
- Submission: File it on the GST portal.
Accurate reconciliation is crucial to avoid any discrepancies leading to tax disputes.
Benefits of Our Services
Our team, with its extensive qualifications and experience handling GSTR 9 & 9C, ensures thorough and accurate reporting. We focus on:
- Peace of Mind: Our expertise in GST compliance lets you focus on your core business.
- Efficient Communication: We keep you informed at every step of the process.
- Timely Filing: To avoid penalties, we ensure your filings are done well within the due dates.
Ready to ensure your GST compliance with our expert services? Contact us today for a consultation or quote. We’re here to help you navigate the complexities of GSTR 9 & 9C filing. Let’s make GST compliance simple and stress-free for your business.
FAQs
Who needs to file GSTR 9 and GSTR 9C?
- Generally, all registered GST taxpayers in India must file GSTR 9.
- GSTR 9C filing is mandatory for businesses with an annual turnover exceeding Rs. 5 crore.
What is the due date for filing GSTR 9 and GSTR 9C?
The due date for filing GSTR 9 and GSTR 9C is December 31st of the following financial year.
What documents are required for filing GSTR 9 and GSTR 9C?
- GSTR 9 filing typically requires GSTR 1, 2A, 3B data from the relevant financial year.
- GSTR 9C filing needs data from GSTR 9 and your audited financial statements.
Can I file GSTR 9 and GSTR 9C myself?
Yes, you can file them yourself on the GST portal. However, using a professional service ensures accuracy, saves time, and avoids potential errors.
What are the penalties for late filing of GSTR 9 and GSTR 9C?
Late filing attracts a penalty as per government regulations. It’s best to consult a professional for the newest penalty structure.