GSTR 3B

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GST

The Goods and Services Tax (GST) is a broad tax levied in India on the sale of goods and services. It is a comprehensive indirect tax that subsumed a number of indirect taxes, including value added tax (VAT), service tax, and excise duty. GST is levied at a single rate across the country, with different rates for different goods and services.

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GSTR-9C: GST Reconciliation Statement and Audit

GSTR-9C is a reconciliation statement to be filed annually by taxpayers with a turnover exceeding Rs. 2 crores. It reconciles the data filed in GSTR-9 with the audited financial statements.

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Who Files GSTR-9C?

Taxpayers with an annual turnover of more than Rs. 2 crores under GST are required to file GSTR-9C.

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Contents of GSTR-9C

GSTR-9C includes:

• Reconciliation between the annual returns filed in GSTR-9 and the audited annual financial statements.
• Details of additional liability due to non-reconciliation, if any.

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Filing Frequency for GSTR-9C

GSTR-9C is filed annually, post the completion of the financial year's audit.

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Due Date for GSTR-9C

The due date for filing GSTR-9C coincides with the deadline for filing GSTR-9, typically by the 31st of December following the financial year-end.

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Filing Procedure for GSTR-9C

Filing GSTR-9C involves:

1. Preparing a reconciliation statement between the GSTR-9 filed and the audited financial statements.
2. Filing GSTR-9C online through the GST portal, providing detailed reconciled information.
3. Ensuring accurate and complete information as per the audited financial statements.

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Penalties for Non-Filing or Late Filing

Non-filing or late filing of GSTR-9C can attract penalties and interest charges as per GST regulations.

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Why Choose Ecfile for GSTR-9C Filing

Ecfile offers specific advantages for GSTR-9C filing:

Expertise in Tax Audits:

Ecfile provides expertise in handling tax audits, ensuring accurate reconciliation between financial statements and GST filings.

Seamless Audit Management:

The platform streamlines the process, simplifying the preparation and submission of the GSTR-9C reconciliation statement.

Compliance Assurance:

Ecfile guarantees adherence to GST regulations, reducing errors and ensuring comprehensive compliance in filing GSTR-9C.