GSTR-9C is a crucial compliance requirement under the Goods and Services Tax (GST) regime in India. It is a reconciliation statement that compares the audited financial statements with the GST returns filed during the financial year. If you have completed GST registration in Karur, understanding whether an auditor is required for GSTR-9C is essential for compliance.

What is GSTR-9C?

GSTR-9C is a self-certified reconciliation statement filed by taxpayers whose annual aggregate turnover exceeds the prescribed limit. It ensures that the details reported in the GSTR-9 (Annual Return) align with the audited financial statements.

Is an Auditor Required for GSTR-9C?

Under the earlier GST rules, businesses with an annual turnover of more than ₹2 crore were required to file GSTR-9C, and an audit certification from a Chartered Accountant (CA) or a Cost Accountant was mandatory for businesses with an annual turnover exceeding ₹5 crore.

However, as per the Finance Act, 2021, the requirement for a GST audit and CA certification for GSTR-9C has been removed. Now, taxpayers must self-certify GSTR-9C and file it along with GSTR-9, eliminating the need for an external auditor.

Who Needs to File GSTR-9C?

Even though audit certification is not required, businesses with an annual turnover exceeding ₹5 crore must still file GSTR-9C. This applies to taxpayers engaged in regular business activities, including manufacturers, traders, and service providers who have obtained online GST registration in Karur.

Key Components of GSTR-9C

1. Reconciliation of Turnover – Compares turnover reported in GSTR-9 with audited financials.
2. Reconciliation of Tax Paid – Verifies tax liability, ITC claimed, and tax payments.
3. Additional Tax Liability – Identifies any discrepancies and calculates additional tax payable.
4. Self-Certification – The taxpayer must sign and certify GSTR-9C before submission.

Consequences of Non-Filing

If a business eligible for GSTR-9C fails to file it, penalties may be imposed under Section 125 of the CGST Act, which includes a general penalty of up to ₹25,000.

Conclusion

While the requirement for audit certification by a CA for GSTR-9C has been removed, businesses with an annual turnover above ₹5 crore must self-certify and file GSTR-9C. If you have completed GST registration in Karur, staying compliant with annual GST filings is crucial. For hassle-free online GST registration in Karur and expert guidance on GSTR-9C filing, consulting a professional can help avoid errors and penalties.