Reconciliation Statement
Filing Services
GST Audit GSTR-9C is a reconciliation statement required for taxpayers whose aggregate annual
turnover exceeds ₹5 crore. It involves a detailed verification of the annual GST returns
(GSTR-9) against the audited financial statements to ensure accuracy in tax payments, Input Tax
Credit (ITC) claims, and compliance with GST regulations.
What is GSTR-9C?
GSTR-9C is a certified reconciliation statement that matches GST returns with audited financial
statements to ensure compliance accuracy.
Who Needs GST Audit GSTR-9C?
- Registered taxpayers with aggregate annual turnover above ₹5 crore.
- Businesses required to reconcile their annual GST returns (GSTR-9) with audited financial
statements.
- Companies seeking accurate Input Tax Credit (ITC) reporting.
- Taxpayers aiming to ensure full compliance with GST law and avoid discrepancies.
- Businesses that must self-certify GSTR-9C or get it audited by a CA/CMA.
Documents Required
- Annual GST Returns (GSTR-9)
- Audited Profit & Loss
Account & Balance Sheet
- Sales and Purchase Invoices
for the year
- Detailed Input Tax Credit
(ITC) Records
- Relevant Business Contracts
and Agreements
- Bank Statements (if required
for verification)
- Others
How to Apply for GST
Audit GSTR-9C?
GST Audit GSTR-9C is conducted by a Chartered Accountant (CA) or
Cost Accountant (CMA) and filed through the official GST portal:
Basic Steps:
- Engage a CA or CMA authorized to conduct GST audits.
- Share all required documents, including GSTR-9, financial statements, invoices, ITC records,
and bank statements.
- The auditor reconciles GSTR-9 with audited financial statements to ensure accuracy of tax
payments and ITC claims.
- Prepare the GSTR-9C audit report, highlighting discrepancies, if any.
- Submit the GSTR-9C form online on the GST portal along with the audit certification.
- Retain a copy of the filed GSTR-9C and audit report for future reference and compliance
verification.
Advantages and
Limitations
Advantages
- Audit-certified returns increase trust with authorities, banks, and stakeholders.
- Verifies that GST returns (GSTR-9) match audited financial statements, reducing
errors.
- Helps taxpayers follow GST laws correctly and maintain proper records.
- Accurate filing minimizes chances of scrutiny or legal issues.
Limitations
- Reconciliation and audit require detailed review of all financial records.
- Most businesses need a CA or CMA to prepare and certify GSTR-9C.
- Discrepancies found during the audit may lead to extra taxes, interest, or
penalties.
- Requires complete and organized invoices, ITC records, and financial statements for
accurate audit.
Why Choose HIVA Professionals?
-
Accurate reporting
Ensures GST returns and financial statements are reconciled correctly.
-
Professional reconciliation support
Experts handle detailed verification of GSTR-9 against audited accounts.
-
Compliance risk reduction
Minimizes chances of errors, notices, or penalties during audit.
-
Expert certification handling
Assistance in preparing and filing the GSTR-9C audit report with proper
certification.
-
Ongoing advisory assistance
Continuous guidance on GST compliance and audit-related queries.
