Answer

1. F

   Facts

   GSTR-9C reconciles turnover as per the financial statements of the year with GSTR-9. Use audited statements where your entity is audited, and final accounts otherwise.

2. P

   Provisions and law

   • Rule 80(3), CGST Rules 2017A taxpayer whose aggregate turnover exceeds ₹5 crore files a self-certified reconciliation statement in GSTR-9C along with GSTR-9.
   • Sec 35(1), CGST Act 2017Every registered person must keep true and correct accounts at the principal place of business, including production, stock, supplies, ITC and tax paid.
3. A

   Analysis

   Companies have audited accounts under company law, and many businesses have tax audit under income tax. Finalise the accounts before 9C, otherwise you may need to explain later changes. If audit is delayed, file on time with the best final figures and keep a note. Mismatches between filed 9C and final audited accounts can attract questions.

4. C

   Conclusion

   1. 1Finalise the year's financial statements.
   2. 2Use audited figures where audit applies.
   3. 3Reconcile with GSTR-9.
   4. 4Keep a note of any later audit changes.

General guidance from TaxSavvy’s library of money processes. Laws change; your Savvy confirms the answer on your exact case before anything is filed.