What is Form GSTR-9?

Form GSTR-9 is an annual GST return filed by the registered taxpayers, including the Special Economic Zone (SEZ) units and developers, for each financial year. The form contains the details about the sales and purchases in a year, any changes made, tax liability, input tax credit, refund, HSN summary and tax demanded and paid. The due date to file GSTR-9 for the FY 2024-25 is December 31, 2025.

What is Form GSTR-9C?

GSTR-9C is an annual GST reconciliation statement that is required to be filed by the registered taxpayers with an annual turnover exceeding Rs 5 crore. It is filed to reconcile the details submitted in the annual GSTR-9 Return with the taxpayers’ audited annual financial statements. The due date to file the GSTR-9C reconciliation statement for FY 2024-24 is December 31st, 2025.

Recent Changes in GSTR-9

The Technical Guidance issued by the ICAI is aligned with the recent amendments and the modifications in the Form GSTR-9. The key changes are as follows:

• A new Table 6A1 is introduced to capture ITC claimed in the current financial year, but is from previous years.
• The ITC reversals under Rule 37 and Rule 37A must now be reported separately in New Tables 7A and 7A1.
• A new Table 8H1 is introduced to separately report IGST paid on imports during FY 2024-25, but claimed in the subsequent financial year.
• The additional tax payments must now be settled by using ITC through Form DRC-03.

Both publications on GSTR-9 and GSTR-9C issued by ICAI are essential for the CA professionals. It will help them understand the latest GST rules and ensure the accurate filing of returns. This guide will save time, reduce errors and make the whole process easier.