GSTR-9C

GSTR-9C is a formal statement of reconciliation between the annual return (GSTR-9) and the audited annual financial statements (Profit & Loss and Balance Sheet) of the taxpayer. The objective is to ensure that the turnover and tax paid as per the books of accounts match the figures reported to the GST department. It highlights any discrepancies, such as income that was not taxed or expenses where ITC was wrongly claimed. Since 2021, this is a self-certified document, meaning the taxpayer signs off on it, though professional help is essential to ensure technical accuracy.