Chartered Accountant · ICAI M.No. 153926 · FRN 136869W
GSTR-9C above ₹5 crore
Mandatory reconciliation statement for turnover over ₹5 crore, filed with the annual return. Confirm limit.
Reconcile books vs returns
It matches your audited turnover and tax with what you declared in GST returns — differences must be explained.
Getting GSTR-9C right
GSTR-9C reconciles the turnover and tax in your audited financial statements with what you declared across the year’s GST returns, and asks you to explain any gap. Common differences come from sales recorded in books but missed in GST, credit-note timing, exempt or non-GST income, and stock transfers. The annual GSTR-9 must be filed first; GSTR-9C is filed with or after it. Although it’s now self-certified rather than CA-attested, the figures are cross-checked by the department, and an unexplained reconciliation difference can invite a query or demand. Building the reconciliation through the year, rather than at the deadline, keeps it manageable and defensible. The turnover is taken PAN-wise but reported GSTIN-wise, so businesses with registrations in several states must split a single set of books across each GSTIN — a step that needs planning where one accounting system serves multiple states.