Diff between gstr 9 and 9c

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WebDec 15, 2024 · According to the 6th amendment in the GST rules, which amended the Central Goods & Services Tax or CGST Rules 2024, GSTR-9 (annual return) and GSTR-9C (Statement of Reconciliation) saw a few changes. 1. There is no need for GSTR-9 for businesses with a turnover of 2 crores or less. WebDec 6, 2024 · Issues faced while filing GSTR 9C 1. Turnover for filing Form GSTR- 9C: Form GSTR-9C is to be filed by all those taxpayers whose aggregate turnover has exceeded Rs 2 crore in a financial year. Turnover of the complete year i.e. from 1st April 2024 to 31st March 2024 has to be taken into account for calculating the turnover.

Comparison Explained Between GSTR 9 & GSTR 9C Forms …

WebMar 1, 2024 · On 28 th February 2024, the Government has extended the due date for furnishing the GSTR 9 and GSTR 9C for the FY 2024-20 which is a welcome step by all the sections of the taxpayer society, being the registered persons, trade associations and the Professional bodies.. While finalising the GST Annual return for the respective period, … WebGSTR-9 is annual return filed by the every person registered under the act but GSTR-9C is a reconciliation statement and audit report filed by the person whose turnover exceeds 2 … nottinghamshire brewers

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Web11 rows · Nov 29, 2024 · The GSTR-9 form is an annual return that has to be filed by all registered taxable persons under ... WebJan 2, 2024 · “Seeks to amend Rule 80 of the CGST Rules, 2024 and notify Form GSTR 9 and 9C for FY 2024-21. Rule 80 provides for exemption from GSTR-9C to taxpayers having AATO up to Rs. 5 crores.” ... The amount has been correctly mentioned in Table 4(g). but there will be a difference between your monthly/quarterly returns and annual returns for … WebMay 29, 2024 · GSTR-9 is an annual return to be filed by registered taxpayers under the Goods and Services Tax (GST). Since it is an annual return it is filed once at the end of the financial year having particulars of all inward and outward supplied carried out … how to show headings in word

WHAT IS THE DIFFERENCE BETWEEN GSTR9 AND GSTR9C GST ANNUAL ... - YouTube

Possible reason for the mismatch between Table 8A and GSTR 2A

WebJun 13, 2024 · What is the difference between GSTR 9 & GSTR-9C ? What is the structure of GSTR-9C The reconciliation statement is divided in two parts : Part A : It is the reconciliation statement Part B : Is is the … WebGSTR-9 is an annual return to be filed yearly by taxpayers registered under GST. It consists of the details regarding the outward and inward supplies made/received, tax liability and input tax credit availed during the relevant financial year under different tax heads that are: CGST, SGST, IGST and HSN codes. nottinghamshire bridge associationWebSep 8, 2024 · 1. The GSTR 9 return needs to be filed by Regular Taxpayers filing GSTR 1and GSTR 3B. It needs to be filed electronically on the GST portal directly or through a facilitation centre. it's optional for f.y 2024-18 and 2024-19 for taxpayer having turnover less than 2 Crores. 2. GSTR 9A Companies/persons paying tax under Section 10 of CGST … how to show hearts above head minecraft

"WebThe GSTR-9C is divided into two parts. Part A constitutes a form for the collection of tax information, while Part B is a certification form that must be finished by a CA. These two parts are so named as: Part-A: … " - Diff between gstr 9 and 9c

Diff between gstr 9 and 9c

CMA Dipak N Joshi on LinkedIn: GST Law Communique-March 2024

WebIf the tax authorities have sent notice for differences, then the taxpayer is liable to make the payment through DRC-03 or reply by justifying the reasons. ITC Mismatch. If there is a mismatch between GSTR-2A/2B and GSTR-3B, after the extra 5% credit allowed as per CGST rule 36 (4), it refers to ITC mismatch. If more purchases are shown, then ...

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WebAug 9, 2024 · GSTR-9 and GSTR-9C cannot be revised. If a taxpayer has opted for composition scheme during ... WebJan 24, 2024 · How to check GSTR 9 filing status? Step 1: Login to the GST portal with your credentials. Step 2: Click Services > Returns > Track Returns Status. Step 3: You can check the GSTR status by providing details of ARN (Acknowledgement Reference Number) or the return filing period.

WebGSTR 1 is a return of reporting. It is filed by the taxpayers either monthly or quarterly. This return indicates your return on outward supplies, which is nothing but a sales return. GSTR 3B is the return of tax payments. This return indicates your return on both inward and outward supplies (i.e., sales return and purchase return respectively). WebSep 12, 2024 · The late fee for not filing the GSTR 9 within the due date is Rs. 100 per day per Act. It means that the late fee under the CGST Act is Rs. 100 per day and the late fee under SGST Act is Rs. 100 per day. …

WebHence, GSTR-9 is the annual return to be filed by every GST registered taxpayer irrespective of their turnover. Whereas GSTR-9C is the reconciliation statement to be … WebMar 25, 2024 · What is the difference between GSTR-9 and GSTR-9C? A: GSTR-9 is annual return and it has to be filed by Taxpayer only. Whereas, GSTR-9C is reconciliation statement. It reconciles GST turnover between Books of accounts and data reported in GSTR-9. Q. Can I file GSTR-9C without filing GSTR-9?

WebDear All, Glad to share our monthly bulletin "GST Law Communique" which provides regular updates on the recent changes in the Goods and Services Tax (GST) law…

http://caportal.saginfotech.com/blog/gstr-9-due-dates/ how to show heading in wordWebPreparation of yearly GST audit data - GSTR 9 & 9C, and filings. Works on ITC reversal due to non-payment to suppliers within 180 days, Service … nottinghamshire bridge clubWebAug 23, 2024 · This form is a Reconciliation Statement between the annual return GSTR-9 AND the Audited Financial Account Statement. This form will identify any differences in the details of the two documents mentioned above, they ought to match completely. In case of any differences, the taxpayers will be obliged to reason it & take actions if required any. nottinghamshire bridlewaysWebNov 30, 2024 · While GSTR 9 is an annual return form filing, GSTR 9C is essentially a reconciliation statement to be prepared by taxpayers whose aggregate turnover exceeds … how to show hearts in minecraftWebNov 27, 2024 · Hence, if a Taxpayer has obtained multiple GST Registrations whether in one state or more than one state, it shall be treated as a distinct person in respect of each such registration as per section 25(4) of CGST Act. Hence, GSTR-9 is required to be filed separately for each such GSTIN. Q12. What is the difference between GSTR-9 and … how to show health in tab minecraftWebThe GSTR9C is an audit form that was introduced on September 13, 2024. It must be filed annually by taxpayers with a turnover above 2 crores, and it must be certified by a CA. It is basically a reconciliation statement between the annual returns filed in GSTR-9 and the taxpayer’s audited annual financial statements. how to show helpfulnessWebWHAT IS THE DIFFERENCE BETWEEN GSTR9 AND GSTR9C GST ANNUAL RETURN V/S GST AUDIT REPORT - YouTube In this video we will discuss about the difference between gst annual return and gst audit... how to show hearts in tab minecraft