GST
GSTR-9C when turnover crosses ₹5 crore late in the year
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Facts
Yes. The test is aggregate turnover for the full financial year. If it exceeds ₹5 crore even by year end, GSTR-9C is required for that year.
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 44(1), CGST Act 2017Every registered person (other than notified classes) files an annual return by 31 December after the year; a self-certified reconciliation statement is filed with it where turnover exceeds the notified limit.
Analysis
A business with ₹4.8 crore till February and ₹50 lakh in March has ₹5.3 crore aggregate turnover, so 9C applies. Prepare monthly reconciliation through the year so year-end work is light. Also check whether e-invoicing applied, as the e-invoice limit is ₹5 crore of aggregate turnover in any preceding year from FY 2017-18.
Conclusion
- Compute full-year aggregate turnover.
- If above ₹5 crore, plan 9C.
- Check e-invoicing applicability for next year.
- Start reconciliation early.
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GSTR-9C reconciliation statement
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