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For small and medium enterprises (SMEs) in India, ensuring compliance with GST regulations is essential, especially when it comes to annual returns like GSTR-9 and GSTR-9C. Accura Pro's innovative accounting solutions make managing these forms efficient and stress-free. Here’s everything you need to know about these forms and how Accura Pro can streamline the process.

What is GSTR-9?

GSTR-9 is the annual return under GST that consolidates details from monthly or quarterly GST returns (like GSTR-1 and GSTR-3B). It provides a summary of outward and inward supplies, input tax credit (ITC), tax paid, and adjustments made during the financial year.

Who Needs to File GSTR-9?

• All registered taxpayers, except those under the composition scheme, casual taxpayers, non-resident taxpayers, and Input Service Distributors.
• Filing is mandatory, even for businesses with no activity during the financial year (NIL returns).

Key Sections of GSTR-9:

• urnover Details: Taxable, exempt, and zero-rated supplies.
• ITC Claimed: Input tax credit utilized or reversed.
• Tax Paid: Tax summary under CGST, SGST, IGST, and cess.
• Adjustments: Additional liabilities, refunds, or corrections.

What is GSTR-9C?

GSTR-9C is a reconciliation statement between a business's audited financial statements and the GST returns filed. It also includes an auditor’s certification to validate the accuracy of the GST data.

Who Needs to File GSTR-9C?

Taxpayers with an aggregate turnover exceeding ₹5 crores in a financial year.

Key Components of GSTR-9C:

• Turnover Reconciliation: Match GST returns with financial statements.
• Input Tax Credit: Reconcile ITC claimed and reported.
• Auditor’s Certification: Ensure discrepancies are highlighted and explained.

Applicability of GSTR-9 and GSTR-9C:

Simple Steps to File GSTR-9 and GSTR-9C

Filing GSTR-9

• Log In: Access the GST Portal using your credentials.
• Select Annual Return: Go to Services > Returns > Annual Return, choose the financial year.
• Verify Data: Download and reconcile data from GSTR-1, GSTR-3B, and auto-filled GSTR-9.
• Fill Details: Enter details of outward/inward supplies, ITC, and tax paid.
• Submit: Review, compute liabilities, and file using DSC or EVC.

Filing GSTR-9C

• Eligibility: Applicable for turnover above ₹5 crores.
• Reconcile Data: Match GSTR-9 with audited financials and resolve discrepancies.
• Prepare Form: Fill reconciliation (Part A) and get auditor’s certification (Part B).
• Upload & File: Upload the certified form on the GST portal and submit with DSC/EVC.

Filing Process Flow Chart

Below is a simplified flow chart to make the filing process more understandable:

• Start
  • Log In to GST Portal
  • Select Annual Return
    • Verify Data from GSTR-1, GSTR-3B
    • Reconcile & Fill Details
    • Review & Submit with DSC/EVC
  • End

This flowchart provides a clear visual representation of the filing steps, making it easier to follow.

How Accura Pro Simplifies GSTR-9 and GSTR-9C Filing

Automatic Data Consolidation

• Accura Pro integrates with your monthly GST returns to automatically compile data for GSTR-9 and GSTR-9C, eliminating manual effort.

Accurate Reconciliation

• Matches turnover, ITC, and tax paid seamlessly with your financial records.
• Flags discrepancies and suggests corrective actions.

Real-Time Compliance Checks

• Built-in compliance checks ensure that data aligns with GST regulations, reducing the risk of errors and penalties.

Auditor Collaboration

• Accura Pro allows easy sharing of reconciliation statements with auditors, making the certification process smoother and faster.

Simplified Filing Process

• With user-friendly dashboards and step-by-step guidance, filing GSTR-9 and GSTR-9C is intuitive, even for non-experts.

Why Choose Accura Pro for GST Compliance?

• Automation: Eliminate manual errors with automated data entry and reconciliation.
• Efficiency: Save time by consolidating all GST compliance tasks in one platform.
• Accuracy: Minimize errors with advanced data validation tools.
• Support: Access expert guidance to address compliance challenges.

Deadlines and Penalties

• Due Date: GSTR-9 and GSTR-9C must be filed by 31st December of the subsequent financial year.
• Late Filing Penalty: ₹200 per day, up to 0.25% of turnover.

Conclusion

Annual GST compliance doesn’t have to be daunting. With Accura Pro, managing and filing GSTR-9 and GSTR-9C becomes simple, efficient, and accurate. Stay compliant, save time, and focus on growing your business while we handle the complexity for you.

Ready to simplify your GST compliance?

Explore Accura Pro today and take the first step toward smarter financial management. Explore Accura Pro