What Is GSTR-9C?
GSTR-9C is the GST reconciliation statement that compares the figures reported in your annual return (GSTR-9) with your audited financial statements for the year. It highlights differences in turnover, tax paid, and input tax credit claimed, and requires the taxpayer to explain them.
Who Needs to File It for FY 2025-26
GSTR-9C applies to registered persons whose aggregate turnover during FY 2025-26 exceeds Rs 5 crore. If your turnover is at or below this threshold, GSTR-9C is optional, though filing GSTR-9 itself may still be mandatory depending on your turnover.
The Due Date to Mark on Your Calendar
GSTR-9C for FY 2025-26 is due by 31 December 2026, the same date as GSTR-9. Both forms must be filed together, and GSTR-9C cannot be submitted before GSTR-9 for the same financial year is completed.
It’s Self-Certified, Not CA-Audited
A key change from the old regime: GSTR-9C no longer requires certification by a separate GST auditor. It is now self-certified by the taxpayer. That said, given the complexity of reconciling books with GST returns, most businesses still engage their accountant or CA to prepare it accurately.
Documents You’ll Need
Before you start, keep the following ready: audited financial statements, GSTR-9 as filed, monthly or quarterly GSTR-1 and GSTR-3B summaries, and your ITC ledger for the year. Reconciling turnover as per books versus turnover as per GST returns is usually the most time-consuming step.
Penalty for Late Filing
Missing the deadline attracts a late fee of Rs 200 per day (Rs 100 each under CGST and SGST), capped at 0.25% of turnover in the relevant state or UT under each Act. For businesses with high turnover, this cap can still add up meaningfully.
What to Do Now
With the year-end deadline still a few months away, this is the right time to start reconciling books month by month rather than leaving it to December. Early reconciliation also gives you time to correct any ITC mismatches before the return window closes.
This post is for general informational purposes and does not constitute tax advice. Please consult us directly for guidance specific to your situation.