Excel Format of GSTR 9/ GSTR 9C Reconciliation Summary to be obtained from Clients

The Goods and Services Tax (GST) is the successor of the Value Added Tax (VAT) on the delivery of goods and services in India. GST is a digitalized version of VAT that allows you to monitor the products and services. The tax slabs for VAT and GST are the same.

It is a comprehensive, multistage, destination-based tax: comprehensive because, with the exception of a few state levies, it has absorbed practically all indirect taxes.

The GST is imposed at every stage of the production process, but it is intended to be refunded to all parties in the various stages of production other than the final consumer, and as a destination-based tax, it is collected from the point of consumption rather than the point of origin, as previous taxes were.

A GST return is a document that contains information about all income/sales and/or expenses/purchases that a GST-registered taxpayer (every GSTIN) is expected to report to the tax authorities. Tax authorities use this to compute net tax liability.

GST reconciliation is the process of comparing two sets of data inputs, primarily details to be reported on the GST site, with actual sales and purchases recorded in books of account, in order to find and correct mistakes.

GSTR-9C is a reconciliation statement between the taxpayer’s audited financial accounts and the yearly GSTR-9 of the financial year in question. Every registered taxpayer whose annual revenue exceeds Rs.2 crore is required to file this reconciliation statement. This guarantees that a taxpayer’s self-assessment of taxes is proper. This statement must be prepared by the taxpayer and filed online or through a facilitation centre, together with a copy of the audited financial statements and the GSTR-9 form.

Here we are providing a format of GSTR 9/ GSTR 9C Reconciliation Summary that makes the work easy and non-complicated.

The Excel Format of of GSTR 9/ GSTR 9C Reconciliation Summary is an offline document which can be manually filed by taxpayers and needs to be uploaded on the GST Portal.

The Utility is developed by CA Naman Gupta. He can be contacted at 9891468846 or [email protected]

To Get Excel Format of GSTR 9/ GSTR 9C Reconciliation Summary Click Link Given Below:

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